Western Gold Resources Limited announced that it has received the final assay results from 77 reverse circulation ("RC") drill holes for 4,958m recently completed at the Gold King and Wren prospects at its Gold Duke project. The gold mineralisation at the Gold King and Wren deposits are hosted primarily within Banded Iron Formations (BIF), chert, and ultramafics units of the Joyner's Find Shear Zone (JFSZ) and dip vertically or steeply to the west. Much of the recent and historical drilling is on an azimuth of 90o inclined at -600 which is approximately perpendicular to the mineralisation.

The Gold King prospect contains a JORC (2012) Indicated and Inferred Mineral Resource estimate of 580,000 tonnes at 1.9 g/t Au for 36,000 oz. Gold mineralisation is associated with quartz veining within hematite-goethite altered BIF and ultramafic talc-chlorite schists at the BIF-ultramafic contact. The drilling program at Gold King (M53/1018) was aimed infilling the previous 40x 20m patten of drilling conducted by various previous explorers (see Prospectus dated 18 May 2021).

The highest-grade intercepts were within hematite-goethite altered BIF unit and are commonly repeated in the central and northern portions of the orebody. Mineralisation within the surrounding ultramafics is generally narrower (1-3m) and common along the BIF-ultramafic contacts. The intersection of higher grades of 6m @ 8.89 g/t Au from 56m, including 2m @ 18.48 g/t Au (WGRC0402) and 5m @ 3.95 g/t Au from 60m (including 1m @ 10.10 g/t Au (WGRC0421) suggests that higher-grade shoots within the orebody plunge steeply to the south.

The Wren prospect contains a JORC (2012) Inferred Mineral Resource estimate of 110,000 tonnes at 2.4 g/t Au for 8,000 oz. The prospect consists of two historic shafts and several small pits. Gold mineralisation is hosted primarily within a north-trending quartzite unit with associated quartz and quartz- hematite veins that form both layer-parallel and cross-cutting vein networks.

Locally, quartz- vein breccias with extensive rock wall hematite alteration are present. As part of WGR's regional exploration program, A WGR rock chip program identified a 700m long anomaly along a northerly trending ridge with Au assays up to 3.56g/t Au. A total of 13 RC drill holes for 1126 m were completed to test this the geochemical anomaly as well as previous drilling that included 3m at 33.75 g/t Au from 39m including 1 m at 96.00 g/t Au (CR136; see Prospectus dated 18 May 2021).

Of particular interest is the shallow gold intercepts of 2m @ 2.40 g/t Au from 7m and 2m @ 3.26 g/t Au from 14m /(WGRC0385) hosted within ultramafic units indicating that the most northern holes were drilled to far to the east and mineralisation remains open to the north. The drilling results from Gold King confirm the strong continuity of mineralisation along strike and at depth and the potential of the JFSZ to host Au mineralisation. The Company is in the process of finalising its planning for exploration in the third and fourth quarter which involves: A targeted AC drill program over coincident structural-geochemical targets at the prospective Kingfisher North and the Brilliant North and Top Knot Prospects generated from UFF soil sampling programs and Sub-audio magnetic geophysical survey interpretation.

Moving-loop ground EM survey of Ni targets identified from soil sampling Rehabilitation of 2021/2022 drill programs. Reconnaissance mapping of the newly granted E53/2202 that has potential for Au, Ni and Li-REE mineralisation.