Vancouver, British Columbia, January 9, 2023: Headwater Gold Inc. (CSE: HWG) (OTCQB: HWAUF) (the "Company" or "Headwater") is pleased to report initial assay results from the core completion of drill hole SP22-13 from its Spring Peak project, located in Nevada, USA. The completion of the 2022 drill campaign at Spring Peak was announced on December 7, 2022.

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Headwater Gold Inc. published this content on 09 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 January 2023 11:18:08 UTC.