Vancouver, BC - TheNewswire - March 17, 2023 - Headwater Gold Inc. (CSE:HWG)  (OTC:HWAUF) (the "Company" or "Headwater") that it has granted 550,000 incentive stock options (the “Options”) to a director, officer, employees and consultants of the Company. Each Option is exercisable to purchase one common share of the Company at a price of $0.38 for a five-year term. The Options are subject to the acceptance of the Canadian Securities Exchange.  

On Behalf of the Board of Directors

Caleb Stroup

President and CEO

+1 (775) 409-3197

cstroup@headwatergold.com

For further information, please contact:

Brennan Zerb

Investor Relations Manager

+1 (778) 867-5016

bzerb@headwatergold.com