West Mining Corp. (CNSX:WEST) agreed to acquire 20% stake in Kena and Daylight Properties from Apex Resources Inc. (TSXV:APX) for CAD 0.95 million on April 7, 2021. Consideration includes cash payments of CAD 0.3 million and 1.5 million common shares of West Mining Corp.

and granting Apex a 1.0% net smelter returns royalty on the Project, with West having the right to repurchase the NSR for CAD 0.5 million at any time prior to the commencement of commercial production on the project. West Mining Corp. made CAD 0.1 million cash payment on execution of the agreement and the remaining CAD 0.2 million payable on the closing date.

The shares will be issued to Apex on the closing date as 0.375 million shares will be subject to a four month hold period; 375,000 shares will be subject to a four month hold period and a voluntary six month escrow period; and 0.75 million shares will be subject to a four month hold period and a voluntary 12 month escrow period. In related transaction West Mining Corp. also entered into an amending agreement dated April 7, 2021 with Boundary Gold and Copper Mining Ltd. and Boundary's wholly-owned subsidiary, 1994854 Alberta Ltd for Kena and Daylight Properties project.

The transaction is subject to receipt of approval of the Canadian Securities Exchange by West and of the TSX Venture Exchange by Apex.