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Lodgement of Prospectus with ASIC

Western Gold Resources Limited (Company) has lodged the prospectus accessible through this website dated 18 May 2021 (Prospectus) with the Australian Securities and Investments Commission (ASIC).

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Previous Exploration and Mining

The Joyners Find Greenstone belt has been prospected for gold since the early 1920’s with at least 20 locations showing historical gold workings. Past production exceeded 40,000 ounces at a grade of 10.4 g/t Au for the period 1912 to 1945, with the largest producers being Joyners Find and the Brilliant mines.

Post 1945 the area was largely unexplored until the start of the nickel boom when in 1966 Delhi Australia Petroleum Limited (Delhi) applied for a Temporary Reserve (TR3702H) which covered a large part of the Wiluna area, including the Wiluna West Gold Project area. Delhi later entered into a joint venture with Vam Limited and explored the area until 1970, but very little effective work was completed. Asarco (Australia) Pty Ltd also explored the area for nickel in 1973, conducting rock-chip sampling and geological mapping. Noranda Australia Ltd followed in 1980-81 with further geochemical sampling, costeaning, geophysical surveys, geological mapping and drilling. Electrolytic Zinc Company of Australia Ltd briefly explored the area during 1982 with limited geological mapping and geochemical sampling. Newmont Holdings Pty Ltd in Joint Venture with Jones Mining explored the area between 1982 and 1983 completing programs of geological mapping, geochemical sampling, geophysics and drilling of eleven percussion holes. General Gold NL drilled four RC holes after an RRMIP geophysical survey.

A joint venture comprising Noranda Australia Ltd., Teck Exploration Ltd and Sipa Resources Pty. Ltd (Sipa) completed a more substantial exploration program between 1984 and 1986. Sipa continued to explore the area in its own right until 1990 with a very broad program of work which included the drilling of 1,118 holes for a total of 31,691m which identified most of the known gold deposits within the Gold Duke Project area.

From 1990 to 1999 minimal exploration was undertaken in part due to litigation which eventually resulted in the central portion of the project being acquired by Mr George Lee and Mr David Jones Roberts. During 1996 to 1998 Plutonic/Homestake carried out RC drilling programs totalling 13 holes for an aggregate of 1392m and 29 RAB holes for 1778m testing old workings. Both Croesus (1998) and Westgold Resources NL (1998-2000) completed small geochemical surveys around the periphery of the project area. Normandy Yandal Operations completed an airborne magnetic survey and drilled 10 RC holes totalling 761m during 2001.