Aurwest Resources Announces Non-Brokered Private Placement

(TheNewswire)

Calgary, Alberta (March 27,2026) – TheNewswire -Aurwest Resources Corporation (“Aurwest” or the“Company”) (CSE:AWR) is pleased toannounce that it plans to complete anon-brokered private placement (the “Private Placement”) toraise up to C$300,000 through the issuance of up to 3,333,333flow-through shares (‘FTShares”) at a price of $0.03 per FT Share andup to 8,000,000 Conventional Units (“Conventional Units”) at a price of $0.025 per Conventional Unit (the“Offering”).

Closing of the Offering is subject to the Companyreceiving all customary approvals including those from the CanadianSecurities Exchange (“CSE”). All securities sold under theOffering will be subject to a four month and one day holdperiod.

Each FT Share will consist of one flow-through commonshare issued at a price of $0.03 per common share for aggregateproceeds of approximately $100,000.

Each Conventional Unit will consist of one common share(“Common Share”) and one common share purchase warrant (each, a“Warrant”) for aggregate proceeds of up to approximately $200,000.Each Warrant will entitle the subscriber to purchase one additionalCommon Share at a price of $0.05 per Common Share for a period of 24months from the date of issuance. The Company has the right to forceconversion of the Warrants, if at any time from and after the date ofissuance, the daily volume-weighted average trading price of theCompany’s common shares on the CSE, equals or exceeds $0.10 fortwenty (20) consecutive trading days.

The proceeds of the Private Placement will be usedprimarily to fund Aurwest’s continuing exploration program at WeaverLake Option and other Canadian exploration expenditures of the Companyand for general corporate purposes. Closing of the Private Placementis expected to occur on or about the week of April 8, 2026.

The Offering will take place by way of: (i) a privateplacement pursuant to National Instrument 45-106 – Prospectus Exemptions to qualified investors in all the provinces of Canada,except Québec; and (ii) otherwise in those jurisdictions where theOffering can lawfully be made including the United States and otherinternational jurisdictions under applicable private placementexemptions. Such sales to investors outside of Canada will be subjectto applicable securities laws and restrictions on securitiespurchased.

The Company reserves the right to pay a fee in cash, toeligible finders pursuant to the Offering, in the amount of an 7% cashcommission (paid on the aggregate amount of a completedsubscription).

The securities offered have not been, and will not be, registeredunder the United States Securities Act of 1933, as amended, (the“U.S. SecuritiesAct”) or any U.S. state securities laws, andmay not be offered or sold in the United States or to, or for theaccount or benefit of, United States persons absent registration orany applicable exemption from the registration requirements of theU.S. Securities Act and applicable U.S. state securities laws.  Thisnews release does not constitute an offer to sell or the solicitationof any offer to buy securities in the United States, nor in any otherjurisdiction.

On Behalf Of Aurwest resourcesCorporation

“Cameron MacDonald”

Interim President and Chief Executive Officer

For Additional Information PleaseContact       

Cameron MacDonald

Telephone: (403) 585-9875

Email:          cmacdonald@aurwestresources.com  

Website: www.aurwestresources.com  

About Aurwest ResourcesCorporation

Aurwest is a Canadian-based junior resource companyfocused on the acquisition, exploration, and development of goldproperties in Canada.

Forward-Looking Information

Statements included in this announcement, includingstatements concerning our plans, intentions, and expectations, whichare not historical in nature are intended to be, and are herebyidentified as “forward-looking statements”. Forward lookingstatements may be identified by words including “anticipates”,“believes”, “intends”, “estimates”, “expects” andsimilar expressions. The Company cautions readers that forward-lookingstatements, including without limitation: the Offering and closing ofthe same, use of proceeds from the Offering, certain regulatory andCSE approvals for the Offering, and certain risks and uncertaintiesthat could cause actual results to differ materially from thoseindicated in the forward-looking statements. Readers are advised torely on their own evaluation of such risks and uncertainties andshould not place undue reliance on forward-looking statements. Anyforward-looking statements are made as of the date of this newsrelease, and the Company assumes no obligation to update theforward-looking statements, except in accordance with the applicablelaws.

TheCanadian Securities Exchange has not reviewed and does not acceptresponsibility for the adequacy or accuracy of thisrelease.

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