Headwater Gold Completes $1 Million Private Placement Led by Rick Rule and Jeff Phillips

August 29, 2025 — Leads & Copy — Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) announced the completion of a non-brokered private placement to raise gross proceeds of up to $1,000,000 through the sale of up to 3,333,333 units at $0.30 per unit.

The financing was led by prominent North American natural resource investors Rick Rule and Jeff Phillips, with participation from Centerra Gold Inc., which elected to maintain its 9.9% interest in the company.

According to Caleb Stroup, President and CEO, the funding will support ongoing project generation and exploration at the company’s 100% owned gold projects in the Western United States, as well as general working capital.

Each unit consists of one common share and one non-transferable share purchase warrant exercisable into one further share at $0.50 for 36 months. Fifteen months after the closing date, Headwater Gold Inc. has the right to accelerate the expiry date of the warrants if the weighted average closing price of the company's common shares on the Canadian Securities Exchange equals or exceeds C$0.75 for 20 consecutive trading days.

Caleb Stroup, President and CEO, +1 (775) 409-3197, cstroup@headwatergold.com; Brennan Zerb, Investor Relations Manager, +1 (778) 867-5016, bzerb@headwatergold.com

Source: Headwater Gold Inc.