Agreement To Acquire Baxter Spring Project

VANCOUVER – West Point Gold Corp. has entered into a share purchase agreement to acquire a 100% interest in the Baxter Spring Project, via the acquisition of Baxter Gold Corp. a private Canadian corporation and its US subsidiary. The Baxter Spring Project is located in the Manhattan Mining District, Nevada. Historical exploration at Baxter Spring includes 128 drill holes, including approximately 11,000 metres (m) of reverse circulation (RC) drilling and 1,850 m of core drilling, along with surface geochemical and geophysical surveys.
Quentin Mai, CEO, said, “While Gold Chain remains our flagship asset, Baxter Spring provides an attractive opportunity to acquire an advanced exploration project in a premier location that strengthens our position in the region. Baxter Spring features historical mining, extensive drilling with impressive results, as well as geophysical and geochemical surveys. We believe the replacement cost of the work completed to date far exceeds the value of the shares West Point Gold is paying to acquire the project. This opportunity is largely the result of Baxter Spring being a secondary project held by several other companies, where it had not seen recent work. We continue to expect the majority of our time and capital to be spent on the Gold Chain project going forward, and there are several simple, low-cost programs at Baxter Spring that we plan to complete in Q4 2025, in preparation for drilling in 2026.”