Slide 1: Exploring for Nevada's Next Carlin-Type Gold Discovery in the Heart of the Cortez Trend
CSE: WG | OTCQB: WGLIF | FSE: IM50 March 2026 westwardgold.com Exploring for Nevada’s Next Carlin-Type Gold Discovery in the Heart of the Cortez Trend
Slide 2: Cautionary Statements
Cautionary Statements This presentation under no circumstances is to be construed to be an offering of securities of the Company. Neither this presentation nor its delivery to the recipient will constitute an offer to sell, or the solicitation of an offer to buy, the assets and / or securities descr
Slide 3: Cautionary Statements (Cont'd)
Cautionary Statements (Cont’d) Data Verification: The Company through its qualified persons conducts robust data verification on all data disclosed on the mineral properties mentioned in this investor presentation that are considered to be material properties to the Company. Further disclosure relat
Slide 4: Company Highlights
Cortez Trend Land Package(2) Company Highlights Exploring in Elephant Country Westward has assembled ~79km2 of highly-prospective exploration ground in Nevada across 2 consolidated claim blocks and along two of the world’s most prolific gold belts: the Cortez and Carlin Trends The Company’s flagship
Slide 5: The "Third Dome" – Historically Underexplored
The “Third Dome” – Historically Underexplored Three Major Domes in Crescent Valley Sphere – One Virtually Untouched by Mining Activity Nevada Gold Mines (NGM) Gold Acres operates the Cortez and Pipeline Pipeline mining complexes centered on the Cortez and Gold Acres Lower Cortez Plate Windows Cortez
Slide 6: District Comparison: Toiyabe & Cortez
District Comparison: Toiyabe Hills: Tectono-Stratigraphic Column Toiyabe & Cortez Key Geological Characteristics Demonstrate Potential Toiyabe Cortez District District Favourable Carbonate Stratigraphy ✓ ✓ Igneous Dike-Filled Fault Corridors Multiple, District-Scale ✓ ✓ Compressional Events ✓ ✓ Flat
Slide 7: Exploration Setting: Toiyabe Hills vs. North Carlin Trend
Exploration Setting: Toiyabe Hills vs. North Carlin Trend Multiple targets emerging along the footwall of the Hilltop Corridor, a major north-south structural corridor Clear analog to the structural setting of deposits along the North Carlin Trend (endowed with >100M oz Au) The Hilltop footwall tren
Slide 8: A Disciplined Approach to Targeting
A Disciplined Approach to Targeting Overlaying All Datasets Acquired Through Systematic Exploration Reveals Compelling Opportunities & Helps Mitigate Greenfield Drilling Risks – Example: The Campfire Target Complex Surface Geology / Structures + Geochemical Plume + ZTEM Anomalies Geologic Interpreta
Slide 9: Campfire: Phase 1 Drilling (Complete)
Campfire: Phase 1 Drilling (Complete) Summer/Fall 2025 Phase 1 framework drilling exceeded original scope with a total of 7,163m of RC drilling The Campfire Target Complex had never been drilled previously due to fractured land boundaries and a lack of systematic data compilation Depth to Lower Plat
Slide 10: Campfire: Vertically-Extensive Decalcification
Campfire: Vertically- Extensive Decalcification Phase I reinforced confidence in Westward’s initial interpretations that Campfire is an expansive Carlin-type hydrothermal system both in plan and in the third dimension at depth 10
Slide 11: Campfire: Down-hole Carlin-type Geochemistry
Campfire: Down-hole Carlin-type Geochemistry Phase I framework drilling was successful in identifying new zones of Carlin-type gold and associated pathfinder elements, to be followed up on in Phase II with more discrete targeting of potential higher-grade zones Note: See footnote (15) on page 3. 11
Slide 12: Campfire: 3D Modelling
Campfire: 3D Modelling Plan Map Courtney At 1600 masl Elevation High Grade Approx. 750m Depth >0.5-32 g/t Au Formations Intrusive (Int) Magnetic High Vinini (Ov) Wenban (Dw) Robert Mountain (Srm) Carlin Pathfinders Alteration (Au, As, Sb, Tl, Hg) Intense silicification High Anomalous Planned drill h
Slide 13: Campfire: 3D Modelling
Campfire: 3D Modelling S N Carlin Pathfinder Geochem (Au, As, Sb, Tl, Hg) Incl. Cortez Hills - Section 20 ft @ 2.5 ppm Au; (Shown to Scale) 20 ft @ 261 ppm As; >10Moz (1) 20 ft @ 12 ppm Sb Elevation (masl) Incl. 10 ft @ 0.79 ppm Au; 60 ft @ 383 ppm As; 60 ft @ 13.8 ppm Sb; Alteration Carlin Pathfind
Slide 14: Campfire Drilling: Early Takeaways
Campfire Drilling: Early Takeaways The 2025 campaign revealed significant positive developments Cost-effective RC framework campaign allowed for additional Phase 1 drilling well beyond original 5,000m scope Favourable lower plate carbonate rocks are significantly shallower than past interpretations
Slide 15: SSD Zone Target
SSD Zone Target An emerging, high-value target with 4-6 RC scout holes planned in 2026 7 RC / core holes define a roughly 200m wide by 600m long, northeast-striking zone of gold mineralization Mineralization – hosted in the Wenban Formation – is open in all directions within a NE-striking dike corri
Slide 16: SSD Zone Target: Expansion Opportunity
SSD Zone Target: Expansion Opportunity See footnotes (2), (4), and (5) on page 3. All intervals are presented as drillhole lengths and true thicknesses of mineralization are currently unknown. 16
Slide 17: Target Pipeline: El Segundo
Target Pipeline: El Segundo Proven systematic & multi-disciplinary exploration (mapping, geochemistry, geophysics) has revealed additional exciting greenfield targets, including El Segundo – south of Campfire in the footwall of the Hilltop Corridor where lower plate host strata crop out over broad a
Slide 18: El Segundo Target Cross-Section
El Segundo Target Cross-Section The ability to collar in favourable lower-plate carbonate rocks with mapped compressional features, alteration, and anomalous Carlin-suite elements at surface creates a robust target that can be tested in a cost-effective manner Note: See footnotes (8), (9), (12), (13
Slide 19: Timeline & Upcoming Catalysts
Timeline & Upcoming Catalysts Q1/26 Q2/26 Q3/26 Q4/26 Q1/27 Q2/27 Pre/Post 3D Modelling + Target Refinement 3D Modelling – New Data Incorporation Drilling Activities Permitting: ES NOI + Plan Notice Earthwork / Construction 2026 Drilling ES: Phase I Detailed Drillhole Logging (RC + Core) Campfire: P
Slide 20: Capital Structure
Capital Structure Share Price (CSE:WG) C$0.13 52W Low C$0.07 52W High C$0.17 ADV (All exchanges) ~500k sh. Shares Out. (Basic) 233.3M Options (Avg. strike C$0.15) 12.4M Warrants (Avg. strike C$0.13) 138.6M RSUs 7.9M FD Shares Out. 392.2M Market Capitalization C$30.3M Ownership Breakdown Crescat Capi
Slide 21: Leadership Team
Leadership Team COLIN MOORE | PRESIDENT, CEO & DIRECTOR DR. QUINTON HENNIGH | CHAIRMAN & DIRECTOR Mining finance professional with 15 years of industry experience Internationally-renowned economic geologist with over 25 years of exploration experience and across private equity, investment banking an
Slide 22: Advisory Team
Advisory Team STEVEN R. KOEHLER | TECHNICAL ADVISOR MATTHEW LENNOX-KING | STRATEGIC ADVISOR Economic geologist with over 34 years of gold exploration and Corporate executive and geologist with over 25 years of experience in development experience in Nevada working on projects across various mineral
Slide 23: Carlin Trend Claims
Carlin Trend Carlin Trend Claims Land Package(1) A Complementary Land Position on a Storied Gold-Producing Trend In October of 2022, Westward acquired two additional properties – the Coyote and Rossi Projects – situated along the Carlin Trend The 100%-owned land covers ~9km2, immediately adjacent to
Slide 24: A History of Major Discovery Success
A History of Major Discovery Success Westward’s veteran Technical Team have been involved with over a dozen significant Carlin-type gold discoveries in northern Nevada alone West Gen Care & UG(1) Maintenance Saval 2 UG (1) Care & Maintenance Ren Production Advanced Little B. Basin Exploration Leevil
Slide 25: Campfire: Detailed Geology & Alteration Footprint
Campfire: Detailed Geology & Alteration Footprint 25
Slide 26: Geophysics: Structural Interpretations
Geophysics: Structural Interpretations Toiyabe Hills: Residual Gravity w/ Structural Interpretations Toiyabe Hills: Horizontal Gradient Residual Gravity w/ Structural Interpretations Subsequent Subsequent land expansion land expansion (72 claims) (72 claims) Note: See footnote (13) on page 3. 26