Western Gold Exploration Finds 357 g/t Gold Float Boulder & Defines Two New High-Grade Target Areas in Glen Orchy, Caledonian Gold Project, Scotland

Exploration plans focus on tracing the gold-bearing boulder's source and ranking drill targets for 2027.

Rhea-AI Summary

Western Gold Exploration (WGELF) reported a gold-bearing float boulder grading 357 g/t and defined two target areas at Glen Orchy, Scotland. The result is among 15 new rock grab samples. At Arichastlich–River Vein, new sampling and historical data support an approximately 2 km interpreted, conceptual strike length. Beinn Udlaidh has a vein structure exposed over 3.5 km, with a prospective northeastern extension of approximately 2 km beyond historical geophysical survey coverage.

The company plans winter soil sampling, reconnaissance and channel sampling, followed by induced polarisation surveys, which measure electrical responses underground, to rank 2027 drill targets across Glen Orchy and Lyon. Neither target has been drilled by the company. Grab samples are selective and may not represent the mineralisation; the boulder's source remains unidentified. Historical data have not been independently verified.

Positive

• Minor point357 g/t gold float boulder at Arichastlich provides a target for follow-up exploration.
• Minor point5.630 g/t gold outcrop grab result accompanies the new float sampling results.
• Minor pointApproximately 2 km interpreted, conceptual Arichastlich strike length is supported by float, historical gold anomalies and mapped veins.
• Minor pointRiver Vein previously returned company outcrop grab samples up to 95.9 g/t gold.
• Minor pointBeinn Udlaidh vein structure outcrops over 3.5 km, with approximately 2 km of prospective northeastern extension.

4 minor points

• Minor pointHistorical Beinn Udlaidh drilling returned 2.0 m at 12.85 g/t gold from 4.0 m.
• Minor pointBeinn Udlaidh company outcrop grabs previously returned up to 43.7 g/t gold and, separately, 2,260 g/t silver.
• Minor pointHistorical induced polarisation response corresponds with the mapped Beinn Udlaidh vein structure.
• Minor point. Forward-looking: it has not happened yet and may not happen.Planned winter sampling and geophysical surveys will target follow-up work and ranking of 2027 drill targets.

Negative

• Minor point357 g/t float boulder is not in situ, and its source has not been identified.
• Minor pointGrab samples are selective and may not represent the mineralisation.
• Minor pointNeither target has been drilled by the company; interpreted extensions remain conceptual and untested by drilling.
• Minor pointHistorical data have not been independently verified and should not be relied on.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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North Berwick, Scotland--(Newsfile Corp. - November 9, 2026) - WESTERN GOLD EXPLORATION LTD. (TSXV: WGLD) (the "Company" or "WGLD") is pleased to announce new rock grab results gathered from Glen Orchy, together with a compilation of newly recovered historical deep-overburden (DOB) geochemical and Induced Polarisation (IP) geophysical data. Taken together, the new and historical data outline further vein targets along the Arichastlich (ARI) and Beinn Udlaidh (BU) structures.

"We're only at the start of exploring Glen Orchy, and it's already delivering very high-grade gold. The historical IP at Beinn Udlaidh clearly picks up the mapped vein-structure, so we plan to roll out IP across Glen Orchy and Lyon to sharpen future drill targets," commented Harry Dobson, Chairman. "Together with the two veins we drilled at Lyon this year and further targets across the project, these two new target areas give us a strong portfolio to advance in 2027."

Highlights:

• 357 g/t Au float boulder* recovered from the Arichastlich (ARI) area of Glen Orchy, one of 15 new rock grab samples (48 collected by the Company to date).

• Two high-grade vein target areas defined in Glen Orchy:

  • ARI-RV: the float lies down-slope of the predicted trend of the main vein-structure, where historical DOB gold anomalies and further gold-bearing float outline a c. 2 km interpreted and conceptual strike length. The area is poorly explored due to limited outcrop and lies c. 2 km from the partially explored River Vein, where historical grab sampling returned up to 383 g/t Au*¹ (Figure 1, ARI-RV).

  • BU: one of the largest known gold-bearing vein-structures in the area, outcropping over 3.5 km, with historical man-portable shallow drilling returning 2.0 m @ 12.85 g/t Au from 4.0 m*¹, comparable in grade and width to mineralisation at the nearby Cononish mine*². Its prospective NE c. 2 km lies beyond historical IP coverage and has not been explored in detail, with Company outcrop grab samples up to 43.7 g/t Au and, separately, up to 2,260 g/t Ag*³ (Figure 1, BU).

  • None of these targets have yet been drilled by the Company.

• IP shown to be effective in the terrain: historical IP at BU follows the mapped vein-structure, supporting its use to trace veins under cover.

• Next steps: a winter soil and reconnaissance programme, including channel sampling at ARI-RV, followed by IP across Glen Orchy and Lyon to rank drill targets for 2027.

*Grab samples are selective and may not be representative of the mineralisation. Float samples are not in situ. *1 see Company press release dated 25 February 2026. *2 Cononish is owned by Acrux Gold and does not form part of the CGP; mineralisation there is not necessarily indicative of mineralisation within the CGP. *3 See Company press release dated 29 April 2026.

Figure 1. (Inset) Location of the Glen Orchy and Lyon areas of the Caledonian Gold Project, showing the Cononish gold mine and the ARI-RV and BU target areas. (ARI-RV) Arichastlich and River Vein: WGLD and historical rock grab samples over gridded historical deep-overburden (DOB) gold data. (BU) Beinn Udlaidh: WGLD and historical rock grab samples over gridded historical IP chargeability. Historical DOB and IP data were digitised from original data gathered by Ennex International c. 1988 and gridded by the Company for presentation; they have not been verified by the Company's Qualified Person. For further information regarding previously disclosed data, see 25 February 2026 press release. Yellow callouts: WGLD results; blue callouts: historical results; white callouts: interpretation. Interpreted extensions are conceptual and have not been tested by drilling.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/9801/323109_95923f6d74494862_002full.jpg

Arichastlich

The 357 g/t Au float boulder was recovered by Company geologists approximately 500 m from the mapped extent of the Arichastlich Vein-Structure (Figure 1, ARI-RV). It consists of pervasively K-feldspar-altered schist with a cross-cutting semi-massive sulphide vein containing quartz, pyrite and galena. Although the source of the boulder has not yet been identified, it was found just down-slope of the predicted strike-trace of the Arichastlich Vein-Structure. Historical DOB sampling over the area (479 samples, collected by Ennex International c. 1988) returned gold values up to 2,380 ppb Au (2.38 g/t Au), with anomalous gold clustering along the southeastern extent of the grid, on the interpreted extension of the Arichastlich Vein-Structure. Further gold-bearing float boulders are recorded in a 2008 report by G. Tanner, commissioned by Scotgold Resources (Tanner, G., 2008, 'Assessment of gold prospects in Glen Orchy', unpublished report). The locations of these boulders were digitised by the Company; no assay data are available, and the information has not been verified by the Company's Qualified Person. The Company interprets this coincidence of high-grade float, anomalous DOB gold and mapped veining as a priority target for follow-up.

River Vein

Historical sampling by Scotgold Resources returned up to 383 g/t Au in outcrop at River Vein (sample collected in 2010), and historical drilling returned 0.33 m @ 18.71 g/t Au from 165.33 m and 0.6 m @ 9.72 g/t Au from 77.0 m (see Company press release dated 25 February 2026). The Company's review indicates the historical holes may not have tested the vein optimally.

The Company has collected nine outcrop rock grab samples in the area to date, returning up to 95.9 g/t Au (see Company press release dated 29 April 2026). The vein is interpreted to continue along strike to the SE. River Vein lies approximately 2 km SW of the Arichastlich float and is included in the planned winter programme, which will include sampling along its interpreted SE strike extension.

Beinn Udlaidh

A historical dipole-dipole IP survey by Ennex International (100 m line spacing, 25 m station spacing) covers part of the Beinn Udlaidh Vein-Structure. Gridded chargeability shows a linear response that corresponds with the mapped vein-structure (Figure 1, BU). The vein-structure has previously been tested by historical drilling, including man-portable shallow drilling by Scotgold Resources and deeper drilling by Ennex. This returned intercepts including 2.0 m @ 12.85 g/t Au from 4.0 m (BUAQ1), 1.0 m @ 11.07 g/t Au from surface (BUAQ100) and 0.5 m @ 15.60 g/t Au from 95.09 m (GO-88-04) (see Company press release dated 25 February 2026). The vein-structure continues beyond the NE limit of the IP survey, where previously reported Company outcrop sampling returned up to 43.7 g/t Au and, separately, up to 2,260 g/t Ag (see Company press release dated 29 April 2026). The Company plans to extend IP coverage along strike to test this extension.

Note: Historical drill intervals are reported as downhole lengths; true widths are not known.

Planned Work

• Winter soil sampling and geological reconnaissance, including channel-sampling, over the ARI-RV area, including follow-up of historical DOB anomalies and tracing the source of the float boulder.

• Planning for IP surveys over the wider CGP, including Arichastlich, River Vein and Beinn Udlaidh areas disclosed in this release.

Geological Overview

The Caledonian Gold Project is situated within the highly prospective Grampian Terrane, a key segment of the Caledonian mineral belt that stretches from Northern Britain and Ireland to Scandinavia and North America. This district is already proven for gold, hosting deposits such as Cononish, which lies approximately 7 km to the SE of the ARI-RV area, as well as Cavanacaw and the significant Curraghinalt deposit (Dalradian Resources; Measured and Indicated Mineral Resources of 6.34 Mt at 15.01 g/t Au for 3.06 Moz Au, and Inferred Mineral Resources of 7.72 Mt at 12.24 g/t Au for 3.04 Moz Au, at a 5.0 g/t Au cut-off; effective date May 10, 2018 - NI 43-101 Technical Report for the Curraghinalt Gold Project, Northern Ireland, dated June 22, 2018, by SRK Consulting (Canada) Inc.). The reader is cautioned that mineralisation on adjacent properties is not necessarily indicative of what can or will be found within any projects upon which the JV may be granted exploration options.

CGP Joint Venture

The CGP is held through the Glen Lyon Joint Venture (the "JV") between the Company, which holds a 90% interest and acts as the operator, and Acrux Gold, which holds a 10% interest and owns the adjacent Cononish mine, Scotland's first and only producing gold-silver mine (see Company press release dated 25 November 2025).

Appendix

Table 1. Location and gold grade of the 15 new rock grab samples (outcrop and float) reported in this release. Coordinates in British National Grid (EPSG:27700). Grab samples are selective and may not be representative of the mineralisation; float samples are not in situ.

Sample Type	Sample ID	Easting	Northing	Au (g/t)
Float (boulder)	521958	226799	735360	357
Float	521960	226721	734964	0.643
Float	521968	231290	732756	0.316
Float	522347	226811	732272	0.100
Float	522345	227104	732590	0.023
Float (boulder)	521957	226773	735377	<0.005
Outcrop	521932	225921	734657	5.630
Outcrop	521959	226964	735264	0.469
Outcrop	521969	231331	732799	0.137
Outcrop	522349	226902	732141	0.022
Outcrop	521967	231478	732534	0.012
Outcrop	522357	226575	731792	0.010
Outcrop	522346	227037	732438	<0.005
Outcrop	522348	226902	732141	<0.005
Outcrop	522374	226467	734689	<0.005

 

About Western Gold Exploration

The Company is a mineral exploration company that is listed on the TSX Venture Exchange under the symbol "WGLD". The Company is focused on the exploration of gold, silver and critical minerals in Scotland.

In November 2025, WGLD formed the Glen Lyon Joint Venture (the "JV") with Acrux Gold Limited to explore for gold, silver, and critical minerals as part of the Caledonian Gold Project in central Scotland. The JV has applied for two Crown Estates Mines Royal Option Agreements across the Tyndrum Mineral District, specifically the Glen Orchy and Lyon areas, which form the Caledonian Gold Project.

The Company also has a copper gold porphyry prospect in Scotland at the Lorne Project, which includes both Lagalochan and Ardlochan prospects, and are located in the highly prospective Lorne Porphyry District of the wider Caledonian belt.

For further information, please contact:

Tom Fraser, CEO
Phone: +447766813482
Email: info@westerngoldexploration.com
Website: www.westerngoldexploration.com

Ross McLellan, Director of Operations
Phone: +44 7779 161441

Review by Qualified Person, Quality Control and Reports

David Pym (CGeol), a consultant to the Company, is the Qualified Person (as defined by National Instrument 43-101) who has reviewed and approved the scientific and technical disclosure in this press release on behalf of the Company. The Qualified Person has not reviewed the mineral tenure, nor independently verified the legal status and ownership of the Property or any underlying property agreements.

New Rock Grab Samples. Rock grab samples (outcrop and float) were collected by Company geologists, and each sample location was recorded by handheld GPS. Samples were shipped directly to ALS Loughrea, Co. Galway, Ireland, under the Company's chain-of-custody procedures. Each sample was crushed, split and pulverised before analysis. Gold was determined by 30 g fire assay with AAS finish (Au-AA23), with over-limit samples re-assayed by fire assay with gravimetric finish (Au-GRA21). Silver and base metals were determined by four-acid digestion with ICP-MS finish (ME-MS61). ALS Geochemistry laboratories operate under a Global Geochemistry Quality Manual that complies with ISO/IEC 17025:2017. There is no relationship, fiduciary or otherwise, between ALS and the Company. The Company's QA/QC programme includes the insertion of certified reference materials and blanks every 20 samples. Grab samples are selective by nature and may not be representative of the mineralisation. Float samples are not in situ, and their source has not been identified.

Previously Reported Data. Sampling, analytical and QA/QC procedures for previously reported Company results are described in the Company's press releases dated 25 February 2026 and 29 April 2026.

Historical Data. Historical rock sample and drill results from Scotgold Resources and Ennex, including sampling and analytical methods, were previously reported in the Company's press releases dated 9 February 2026 and 25 February 2026. Historical deep-overburden (DOB) samples were collected by Ennex using a Cobra petrol-powered percussion drill (hand-held auger) to sample material at the base of overburden. The analytical method and laboratory used for gold are not documented in the records available to the Company. The DOB and historical IP data described above were digitised by the Company from historical Ennex reports. Historical data have not been independently verified by the Company's Qualified Person and should not be relied on; they are presented to help guide future exploration. Historical drill intervals are downhole lengths, and true widths are not known.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS: This news release includes certain "forward-looking statements" under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to timing and receipt of the Crown Estates Mines Royal Option Agreements (i.e., exploration licences) applied for by the JV, timing and completion of any drilling and work programs on the properties of the Company and the proposed properties of the JV, estimates of mineralisation from drilling and sampling, geological information projected from drilling and sample results, potential for minerals and/or mineral resources, and statements regarding the plans, intentions, beliefs, and current expectations of the Company and the JV with respect to the future business activities and operating performance of the Company and the JV that may be described herein. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such information can generally be identified by the use of forward-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe" and "continue" or the negative thereof or similar variations. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur.

By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, estimates, forecasts, projections and other forward-looking statements will not occur. These assumptions, risks and uncertainties include, among other things, the state of the economy in general and capital markets in particular, accuracy of assay results, geological interpretations from drilling results, timing and amount of capital expenditures; performance of available laboratory and other related services, future operating costs, and the historical basis for current estimates of potential quantities and grades of target zones, as well as those risk factors discussed or referred to in the Company's Management's Discussion and Analysis for the year ended December 31, 2025, and the period ended June 30, 2026 available at www.sedarplus.ca, many of which are beyond the control of the Company. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement.

The forward-looking statements contained in this press release are made as of the date of this press release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323109

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Western Gold Exploration find at Glen Orchy?

Western Gold Exploration recovered a float boulder grading 357 g/t gold in the Arichastlich area and defined the Arichastlich–River Vein and Beinn Udlaidh target areas. The boulder was one of 15 new rock grab samples. Its source has not been identified, and selective grab samples may not represent the mineralisation.

What exploration work does Western Gold Exploration plan at Glen Orchy?

The company plans winter soil sampling, geological reconnaissance and channel sampling, followed by induced polarisation surveys to rank drill targets for 2027. Work includes following historical gold anomalies, tracing the float boulder's source and sampling along River Vein's interpreted southeastern extension. Survey planning covers Glen Orchy and Lyon.

What ownership interest does Western Gold Exploration hold in the Caledonian Gold Project?

Western Gold Exploration holds a 90% interest in the Glen Lyon Joint Venture and acts as operator. Acrux Gold holds the remaining 10% interest. The Caledonian Gold Project is held through this joint venture.