MARKET WIRE NEWS

Headwater Gold Grants Stock Options

Source: TheNewsWire

(TheNewswire)

Vancouver, British Columbia, December 31, 2025 – TheNewswire -  Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the"Company" or "Headwater") announces that ithas granted 1,825,000 incentive stock options(the “Options”) to directors, officers, employees and consultantsof the Company.  Each Option is exercisable to purchase one commonshare of the Company at a price of $0.75 for a five-year term andvests immediately. The Options are subject to the acceptance of theCanadian Securities Exchange.

On Behalf of the Board ofDirectors

Caleb Stroup

President and CEO

+1 (775) 409-3197

cstroup@headwatergold.com

For further information, please contact:

Brennan Zerb

Investor Relations Manager

+1 (778) 867-5016

bzerb@headwatergold.com

Copyright (c) 2025 TheNewswire - All rights reserved.

Headwater Gold Inc.

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