Aurwest Resources Closes Private Placement, Raises $248,770

Calgary, Alberta — April 24, 2026 — Leads & Copy — Aurwest Resources Corporation (CSE: AWR) has completed a non-brokered private placement, raising gross proceeds of $248,770.

The private placement involved the issuance of 2,250,668 flow-through shares at $0.03 each and 7,725,000 conventional units at $0.025 each.

Each flow-through share consists of one flow-through common share priced at $0.03. Each conventional unit comprises one common share and one common share purchase warrant. Each warrant allows the holder to buy an additional common share at $0.05 for 24 months from the issuance date. Aurwest has the right to force conversion of the warrants if the company’s common shares' daily volume-weighted average trading price on the CSE equals or exceeds $0.10 for 20 consecutive trading days.

The company intends to use the proceeds from the private placement to fund its ongoing exploration program at the Weaver Lake Option, other Canadian exploration expenditures, and for general corporate purposes.

The company paid $6,388.50 in finder’s fees to Ventum Financial Corp., Leede Financial Inc., and Raymond James Ltd., representing a 7% cash commission.

Insiders of the company participated in the offering, which is considered a “related party transaction” under Multilateral Instrument 61-101. Three insiders acquired 1,800,000 units for gross proceeds of $45,000. The company relied on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of the securities issued to the insiders did not exceed 25% of the company’s market capitalization.

The closing of the offering is contingent upon receiving approvals from the Canadian Securities Exchange. All securities sold under the offering are subject to a four-month and one-day hold period.

The securities have not been and will not be registered under the U.S. Securities Act of 1933 or any U.S. state securities laws. They may not be offered or sold in the United States or to U.S. persons without registration or an applicable exemption. This news release does not constitute an offer to sell or the solicitation of any offer to buy securities in the United States or any other jurisdiction.

“Cameron MacDonald” Interim President and Chief Executive Officer of Aurwest resources Corporation.

Aurwest Resources Corporation is a Canadian junior resource company focused on acquiring, exploring, and developing gold properties in Canada.

Source: Aurwest Resources Corporation