CALGARY, Alberta, Sept. 15, 2026 (GLOBE NEWSWIRE) — Westgate Energy Inc. (the “Company” or “Westgate”) (TSXV: WGT) is pleased to announce that it has entered into an agreement with Haywood Securities Inc. (“Haywood” or the “Underwriter”) as sole underwriter and bookrunner, pursuant to which the Underwriter has agreed to purchase, on a bought deal private placement basis, 20,000,000 units of the Company (the “Units”), each consisting of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), at a price of $0.25 per Unit (the “Issue Price”) for aggregate gross proceeds to the Company of $5,000,000 (the “Offering”), subject to the terms and conditions of the agreement. Each Warrant will entitle the holder to purchase one additional Common Share at an exercise price of $0.35 for a period of 24 months following the Closing Date (as defined herein). The Warrants will not be exercisable prior to the date that is 61 days following the Closing Date. If, at any time following the date that is 60 days after the Closing Date, the volume weighted average trading price of the Common Shares on the TSX Venture Exchange (the “TSXV”) equals or exceeds $0.45 for 10 consecutive trading days, the Company may accelerate the expiry of the Warrants by issuing a press release, whereupon the Warrants shall expire on the date that is 30 days following such notice.