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   <title>Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho</title>
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&lt;p align=&quot;justify&quot;&gt;VANCOUVER, British Columbia, Dec.  03, 2025  (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) (the &amp;quot;Company&amp;quot; or &amp;quot;Headwater&amp;quot;) is pleased to announce that it has entered into a definitive earn-in agreement (the “Agreement”) with a subsidiary of Centerra Gold Inc. (“Centerra”) (TSX: CG) for Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho (the “Project”) through staged exploration expenditures totalling up to US$25,000,000 and the completion of a preliminary economic assessment (“PEA”) report.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;&lt;strong&gt;Highlights:&lt;/strong&gt;&lt;/p&gt;  &lt;ul type=&quot;disc&quot;&gt;&lt;li style=&quot;margin-bottom:8pt; text-align:justify;&quot;&gt;&lt;strong&gt;Headwater has entered into a definitive earn-in agreement with</description>
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   <title>Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho</title>
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&lt;p align=&quot;justify&quot;&gt;VANCOUVER, British Columbia, Dec.  03, 2025  (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) (the &amp;quot;Company&amp;quot; or &amp;quot;Headwater&amp;quot;) is pleased to announce that it has entered into a definitive earn-in agreement (the “Agreement”) with a subsidiary of Centerra Gold Inc. (“Centerra”) (TSX: CG) for Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho (the “Project”) through staged exploration expenditures totalling up to US$25,000,000 and the completion of a preliminary economic assessment (“PEA”) report.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;&lt;strong&gt;Highlights:&lt;/strong&gt;&lt;/p&gt;  &lt;ul type=&quot;disc&quot;&gt;&lt;li style=&quot;margin-bottom:8pt; text-align:justify;&quot;&gt;&lt;strong&gt;Headwater has entered into a definitive earn-in agreement with</description>
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   <title>Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho</title>
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&lt;p align=&quot;justify&quot;&gt;VANCOUVER, British Columbia, Dec.  03, 2025  (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) (the &amp;quot;Company&amp;quot; or &amp;quot;Headwater&amp;quot;) is pleased to announce that it has entered into a definitive earn-in agreement (the “Agreement”) with a subsidiary of Centerra Gold Inc. (“Centerra”) (TSX: CG) for Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho (the “Project”) through staged exploration expenditures totalling up to US$25,000,000 and the completion of a preliminary economic assessment (“PEA”) report.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;&lt;strong&gt;Highlights:&lt;/strong&gt;&lt;/p&gt;  &lt;ul type=&quot;disc&quot;&gt;&lt;li style=&quot;margin-bottom:8pt; text-align:justify;&quot;&gt;&lt;strong&gt;Headwater has entered into a definitive earn-in agreement with</description>
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   <title>Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho</title>
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&lt;p align=&quot;justify&quot;&gt;VANCOUVER, British Columbia, Dec.  03, 2025  (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) (the &amp;quot;Company&amp;quot; or &amp;quot;Headwater&amp;quot;) is pleased to announce that it has entered into a definitive earn-in agreement (the “Agreement”) with a subsidiary of Centerra Gold Inc. (“Centerra”) (TSX: CG) for Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho (the “Project”) through staged exploration expenditures totalling up to US$25,000,000 and the completion of a preliminary economic assessment (“PEA”) report.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;&lt;strong&gt;Highlights:&lt;/strong&gt;&lt;/p&gt;  &lt;ul type=&quot;disc&quot;&gt;&lt;li style=&quot;margin-bottom:8pt; text-align:justify;&quot;&gt;&lt;strong&gt;Headwater has entered into a definitive earn-in agreement with</description>
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   <title>Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho</title>
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   <title>Headwater Gold and Centerra Gold Sign US $25 Million Earn-In Agreement to Explore the Crane Creek Gold Project in Idaho</title>
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&lt;p align=&quot;justify&quot;&gt;VANCOUVER, British Columbia, Dec.  03, 2025  (GLOBE NEWSWIRE) -- Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) (the &amp;quot;Company&amp;quot; or &amp;quot;Headwater&amp;quot;) is pleased to announce that it has entered into a definitive earn-in agreement (the “Agreement”) with a subsidiary of Centerra Gold Inc. (“Centerra”) (TSX: CG) for Centerra to earn up to a 70% interest in Headwater’s Crane Creek project in Idaho (the “Project”) through staged exploration expenditures totalling up to US$25,000,000 and the completion of a preliminary economic assessment (“PEA”) report.&lt;/p&gt;  &lt;p align=&quot;justify&quot;&gt;&lt;strong&gt;Highlights:&lt;/strong&gt;&lt;/p&gt;  &lt;ul type=&quot;disc&quot;&gt;&lt;li style=&quot;margin-bottom:8pt; text-align:justify;&quot;&gt;&lt;strong&gt;Headwater has entered into a definitive earn-in agreement with</description>
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   <description>&lt;p&gt;Vancouver, British Columbia--(Newsfile Corp. - October 30, 2025) - &lt;b&gt;Headwater Gold Inc&lt;/b&gt; (CSE: HWG) (OTCQB: HWAUF) announced today that it will be participating in the 51st Annual New Orleans Investment Conference at the Hilton New Orleans Riverside November 2 - 5, 2025.&lt;/p&gt;&lt;p&gt;The New Orleans Investment Conference gathers some of the world's brightest and most successful analysts, newsletter writers and investors. This year's event will highlight all major asset classes, including Precious Metals.&lt;/p&gt;&lt;p&gt;&lt;b&gt;About Headwater Gold Inc&lt;/b&gt;&lt;/p&gt;&lt;p&gt;Headwater Gold is a technically driven mineral exploration company focused on the discovery of high-grade gold deposits in the Western USA. With a large portfolio of</description>
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