Winston Gold Corp. announced a non-brokered private placement of 16,300,000 units issued at a purchase price of CAD 0.075 per unit for gross proceeds of CAD 1,222,500 on July 5, 2021. Each unit consisted of one common share in the share capital of the company and one share purchase warrant. Each full warrant will entitle the holder to purchase one additional share in the share capital of the company for a period of 5 years, at an exercise price of CAD 0.12 per share. All securities issued in the transaction are subject to a statutory hold period of four months plus a day from the date of issuance in accordance with applicable securities legislation. The transaction included participation from Insiders of the company who subscribed for an aggregate of 6,866,667 units for gross proceeds of CAD 515,000. The company has issued 15,800,000 units for proceeds of CAD 1,185,000 from 3 investors pursuant to exemption provided under Regulation D.