ASX Announcement 22 July 2024 Karora Shareholders Vote In Favour of Westgold Transaction Highlights ■ ~99% vote in favour of the Transaction with Westgold at Karora shareholder meeting ■ Transaction to become effective on or about 1 August 2024 - following receipt of Canadian Court approval ■ Shareholder vote paves the way for the creation of a well-funded, unhedged Australian gold company with global investment appeal. With the expanded Westgold fully leveraged to the gold price and with subsequent re-rating potential via increased scale and index weighting Westgold Resources Limited (ASX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to acknowledge the press release 1 filed by Karora Resources Inc. (Karora) announcing that Karora shareholders have approved the merger between Westgold and Karora (Transaction) 2 at Karora’s annual general and special meeting of shareholders (Meeting), held on 19 July 2024. Karora shareholders voted overwhelmingly in favour of the Transaction, with 99% of votes recorded in favour. Their vote satisfies the condition under the definitive Arrangement Agreement between Westgold and Karora, which required the approval of, inter alia, at least 66⅔ % of the votes cast by Karora shareholders at the Meeting. With almost all conditions precedent to the Transaction now satisfied, completion remains contingent only on receipt of a final order from the Ontario Superior Court of Justice. The hearing for which is expected on 24 July 2024. 1 Refer to Karora’s TSX announcement titled “Karora Shareholders Approve Transaction with Westgold; FIRB Approval Received”, dated 19 July 2024, available on SEDAR+ at www.sedarplus.ca 2 Refer to Westgold's ASX Announcement titled, "Merger to Create +400 kozpa Australian Gold Miner" dated 8 April 2024, available at https://www.asx.com.au/markets/company/WGX, for further information. Westgold Resources Limited ABN 60 009 260 306 ASX: WGX / OTC: WGXRF westgold.com.au T: +61 8 9462 3400 E: perth.reception@westgold.com.au Level 6, 200 St Georges Terrace Perth WA 6000 PO Box 7068, Cloisters Square WA 6850 Westgold Managing Director and CEO Wayne Bramwell commented: “The overwhelming support for this merger shown by Karora shareholders confirms the independently verified value and the compelling commercial rationale behind this transaction. With the integration of the Karora assets, the expanded Westgold will have strategic footprints across two of Western Australia’s most prolific goldfields. With the integration of the Karora team we create an agile Australian gold mining powerhouse that is focused on free cash generation and shareholder returns. Westgold would like to thank the Karora shareholders for their support and trust. Our integration planning is well advanced and once final court orders are received and the transaction becomes effective, Westgold will formally welcome the Karora’s shareholders, stakeholders and team to the Westgold journey ahead.” Indicative Timetable Event / Action Indicative Timing (Toronto) Final order court hearing 24 July 2024 Complete Transaction 1 August 2024 This announcement is authorised for release to the ASX by the Board. Investor and media relations enquiries Investor Relations Kasun Liyanaarachchi | Investor Relations Manager investor.relations@westgold.com.au +61 458 564 483 Media Peter Knight | Communications Manager peter.knight@westgold.com.au +61 459 980 481 Karora Shareholders Vote in Favour of Westgold Transaction 22 July 2024 2 Forward looking statements This document contains “forward-looking information” and “forward-looking statements” which are based on the assumptions, estimates, analysis and opinions of management made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of Westgold believes to be relevant and reasonable in the circumstances at the date that such statements are made, but which may prove to be incorrect. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, or include words such as ‘expects’, ‘anticipates’, ‘plans’, ‘believes’, ‘estimates’, ‘seeks’, ‘intends’, ‘targets’, ‘projects’, ‘forecasts’, or negative versions thereof and other similar expressions, or future or conditional verbs such as ‘may’, ‘will’, ‘should’, ‘would’ and ‘could’. Although management believes that the assumptions made by Westgold and the expectations represented by such information are reasonable, there can be no assurance that the forward-looking information will prove to be accurate. Forward-looking information involves known and unknown risks, uncertainties, and other factors which may cause the actual results, performance or achievements of Westgold or the combined entity to be materially different from any anticipated future results, performance or achievements expressed or implied by such forward-looking information. Such factors include, among others, the actual market price of gold, the actual results of current exploration, the actual results of future exploration, changes in project parameters as plans continue to be evaluated, failure to receive the required court approvals for the Transaction, changes in laws, regulations and practices, the geopolitical, economic, permitting and legal climate that Westgold and Karora operate in, the failure by the parties to satisfy all closing conditions in respect of the Transaction, exercise of termination rights under the definitive Arrangement Agreement with Karora, as well as those factors disclosed in Westgold's publicly filed documents. Westgold believes that the assumptions and expectations reflected in the forward-looking information are reasonable. Readers should not place undue reliance on forward-looking information. Westgold does not undertake to update any forward-looking information, except in accordance with applicable securities laws. This document includes information that has been prepared by third parties, and views based on information that has been prepared by third parties. No representation or warranty is made as to the accuracy, completeness or reliability of the information. This document should not be relied upon as a recommendation or forecast by Westgold. Karora Shareholders Vote in Favour of Westgold Transaction 22 July 2024 3