West Point Gold Announces Management and Board Changes; Appoints Andrew Bowering as Director

Rhea-AI Summary

West Point Gold (OTCQB: WPGCF) announced management and board changes effective November 8, 2025. Derek Macpherson was appointed President and CEO and remains a director; Quentin Mai stepped down as President, CEO and director and will serve as an advisor; Anthony Paterson was named Chairman; Andrew Bowering was appointed director.

The company noted active drilling at the Gold Chain Project and a well-funded treasury. Bowering is described as a venture capitalist with over 35 years experience who has helped raise over $500 million in development capital and participated in recent mining acquisitions.

Positive

• Derek Macpherson appointed President and CEO effective Nov 8, 2025
• Andrew Bowering joined as Director with 35+ years experience
• Bowering credited with raising over $500 million in development capital
• Company reports drilling active at Gold Chain Project

Negative

• Quentin Mai resigned as CEO and director effective Nov 8, 2025, prompting leadership transition risk
• Management turnover could affect near-term continuity during exploration programs

Vancouver, British Columbia--(Newsfile Corp. - November 10, 2025) - West Point Gold Corp. (TSXV: WPG) (OTCQB: WPGCF) (FSE: LRA0) ("West Point Gold" or the "Company") is pleased to announce changes to its management team and Board of Directors.

Derek Macpherson, most recently Executive Chairman of the Company, has been appointed President and CEO. Mr. Macpherson has stepped down as Chairman but remains a Director. Quentin Mai has stepped down as President and CEO and has resigned as a Director. Mr. Mai will continue as an advisor to the Company.

Andrew Bowering has been appointed as Director of West Point Gold. Additionally, Anthony Paterson, current Lead Director, has been appointed Chairman. All changes are effective November 8, 2025.

"Since joining as an advisor earlier this year, I have seen first-hand the potential scale of the Gold Chain Project and am confident the Company is positioned for growth. With drills turning and a well-funded treasury, there's plenty of opportunity to build value in market conditions we haven't seen in years. This is exactly the kind of opportunity I look for," stated Andrew Bowering, Director

"Andrew brings a proven record of execution in the capital markets and building successful mining companies, including Prime Mining, which was recently acquired in a successful transaction. His network and strategic insight come at an important time as West Point Gold advances its exploration programs and works toward the next phase of growth," stated Anthony Paterson, Chairman.

"We would like to sincerely thank Quentin for the work that he has done over the last year. He has played a key role in transforming West Point's shareholder base and helping to move the Company to the next level. We wish him all the best in his future endeavours, and we look forward to continuing to work with him as an advisor to the Company," stated Derek Macpherson, President, CEO, and Director.

Andrew Bowering is a renowned venture capitalist with over 35 years of experience building shareholder value through mineral exploration, project development, strategic acquisitions and large-scale equity financings. He has founded, funded, and led teams in the pursuit of various metals, from initial exploration to production. Mr. Bowering has held senior management roles, overseeing asset acquisitions and sales, and raising over $500 million in development capital. He was the founder, director, and a large shareholder of Prime Mining Corp, which was recently acquired by Torex Gold Resources, and continues those roles with Apollo Silver. He co-founded Millennial Lithium Corp (acquired by Lithium Americas) and is actively involved in other publicly traded companies in the battery and precious metals sectors.

About West Point Gold Corp.

West Point Gold is an exploration and development company focused on unlocking value across four strategically located projects along the prolific Walker Lane Trend in Nevada and Arizona, USA, providing shareholders with exposure to multiple discovery opportunities across one of North America's most productive gold regions. The Company's near-term priority is advancing its flagship Gold Chain Project in Arizona.

For further information regarding this press release, please contact:
Aaron Paterson, Corporate Communications Manager
Phone: +1 (778) 358-6173
Email: info@westpointgold.com

Stay Connected with Us:
LinkedIn: linkedin.com/company/west-point-gold
X (Twitter): @westpointgoldUS
Facebook: facebook.com/Westpointgold/
Website: westpointgold.com/

FORWARD-LOOKING STATEMENTS:

Certain statements contained in this press release constitute forward-looking information. These statements relate to future events or future performance. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. The use of any of the words "could", "intend", "expect", "believe", "will", "projected", "estimated" and similar expressions and statements relating to matters that are not historical facts are intended to identify forward-looking information and are based on the Company's current belief or assumptions as to the outcome and timing of such future events including, among others, assumptions about future prices of gold, silver, and other metal prices, currency exchange rates and interest rates, favourable operating conditions, political stability, obtaining government approvals and financing on time, obtaining renewals for existing licenses and permits and obtaining required licenses and permits, labour stability, stability in market conditions, availability of equipment, availability of drill rigs, and anticipated costs and expenditures. The Company cautions that all forward-looking statements are inherently uncertain, and that actual performance may be affected by a number of material factors, many of which are beyond the Company's control. Such factors include, among other things: risks and uncertainties relating to West Point Gold's ability to complete any payments or expenditures required under the Company's various option agreements for its projects; and other risks and uncertainties relating to the actual results of current exploration activities, the uncertainties related to resources estimates; the uncertainty of estimates and projections in relation to production, costs and expenses; risks relating to grade and continuity of mineral deposits; the uncertainties involved in interpreting drill results and other exploration data; the potential for delays in exploration or development activities; uncertainty related to the geology, grade and continuity of mineral deposits; the possibility that future exploration, development or mining results may vary from those expected; statements about expected results of operations, royalties, cash flows, financial position may not be consistent with the Company's expectations due to accidents, equipment breakdowns, title and permitting matters, labour disputes or other unanticipated difficulties with or interruptions in operations, fluctuating metal prices, unanticipated costs and expenses, uncertainties relating to the availability and costs of financing needed in the future and regulatory restrictions, including environmental regulatory restrictions. The possibility that future exploration, development or mining results will not be consistent with adjacent properties and the Company's expectations; operational risks and hazards inherent with the business of mining (including environmental accidents and hazards, industrial accidents, equipment breakdown, unusual or unexpected geological or structural formations, cave-ins, flooding and severe weather); metal price fluctuations; environmental and regulatory requirements; availability of permits, failure to convert estimated mineral resources to reserves; the inability to complete a feasibility study which recommends a production decision; the preliminary nature of metallurgical test results; fluctuating gold prices; possibility of equipment breakdowns and delays, exploration cost overruns, availability of capital and financing, general economic, political risks, market or business conditions, regulatory changes, timeliness of government or regulatory approvals and other risks involved in the mineral exploration and development industry, and those risks set out in the filings on SEDAR made by the Company with securities regulators. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this corporate press release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, other than as required by applicable securities legislation.

Neither the TSX Venture Exchange nor its Regulation Services 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/273774

FAQ

Who is the new CEO of West Point Gold (WPGCF) and when did the change take effect?

Derek Macpherson was named President and CEO, effective November 8, 2025.

What happened to former CEO Quentin Mai at West Point Gold (WPGCF)?

Quentin Mai stepped down as President, CEO and resigned as a director and will continue as an advisor.

What is Andrew Bowering’s role at West Point Gold (WPGCF) and what experience does he bring?

Andrew Bowering was appointed director; he has over 35 years experience and is noted for helping raise over $500M in development capital.

Who is the new chairman of West Point Gold (WPGCF)?

Anthony Paterson was appointed Chairman effective November 8, 2025.

What operational activity did West Point Gold (WPGCF) report alongside the management changes?

The company reported drills turning at the Gold Chain Project and said it has a well-funded treasury.

Does Andrew Bowering have a track record of corporate exits relevant to West Point Gold (WPGCF)?

Yes; he was founder or senior in companies such as Prime Mining and Millennial Lithium, both noted as acquired by other firms.