U.S. GoldMining provides update regarding West Susitna Access Project

U.S. GoldMining (USGO) provided an update with respect to discussions with representatives from the State of Alaska and Matanuska-Susitna Borough, or MSB, regarding plans to advance the West Susitna Access Project, or WSAP. The Company is very pleased to report, based on discussions to date, continued strong support at all levels of government for the Whistler Gold-Copper Project and that all critical elements of the WSAP, which will connect Whistler with existing highway, rail, power and port infrastructure, are moving forwards expeditiously with respect to design, environmental baseline studies, stakeholder engagement and permitting. U.S. GoldMining’s President and CEO, Tim Smith, was invited to meet with Alaska Governor Mike Dunleavy on August 7 and with the Executive Director of the Alaska Industrial Development and Export Authority and the Commissioner of the Alaska Department of Transportation and Public Facilities. The meeting included an update for industry representatives by AIDEA, which recently submitted a permit application for its 78.5 miles of proposed public and industry road that will connect Whistler with existing transportation and energy infrastructure in the eastern MSB. Smith also met with MSB Mayor, Edna DeVries, on August 6, 2025, to share updates on the Company’s progress at Whistler and to hear about MSB’s development plans at Port Mackenzie, located at the eastern terminus of the WSAP. The WSAP comprises two elements: ADOT&PF’s project to build 22-miles of new public road extending west from the existing road network in Southcentral Alaska, and a further 78.5-miles of public and industry road being led by AIDEA that will extend into the foothills of the Alaska Range, terminating at the Company’s exploration camp near the Whisky Bravo airstrip. The WSAP will connect existing road, power, rail and port infrastructure in the eastern MSB, with multiple natural resource development projects located in the West Susitna Mining District, including the Company’s Whistler Project.