Western Exploration Announces Fully Allocated Non-Brokered Private Placement of Units Valued at C$1.7 Million with New Strategic Investor Page 1

Western Exploration Inc. (TSXV: WEX; OTCQX: WEXPF) (the “Pursue” or “Western exploration“) is pleased to announce a non-brokered private placement offering of 1,603,773 units of the Company (the “Units“) at a price of CDN 1.06 per Unit for gross proceeds of approximately CDN $1.7 million (the “Offer“). Each Unit consists of one variable voting share of the Company (each, a “share“) and half of a variable voting warrant to purchase one share of the Company (each whole variable voting warrant to purchase one share, a “WarrantyEach warrant entitles its holder to acquire one variable voting share of the Company (each a “Warrant Share“) at a price of CDN $1.36 per Warrant Share at any time on or before the date that is 24 months after the closing date of the Offering (the “Close Date“), subject to adjustment in certain cases.

The units available for purchase under the offering have been fully allocated to a new strategic investor, TXAU Ventures, LLC of Houston, Texas.