West Pink Lake Gold Intersects 23.81 g/t Au over 5.4m, 30.16 g/t Au over 4.3m and 12.43 g/t Au over 10.5m at Austin – Madsen Mine

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Printed Apr 01, 2025 • 17 minute learn

FIGURE 1. Madsen Mine lengthy part exhibiting location of 12-4848 Drill Bay within the Austin Zone.[1] GNW

VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) — West Pink Lake Gold Mines Ltd.
(“West Pink Lake Gold” or “WRLG” or the “Firm”) (TSXV: WRLG)
(OTCQB: WRLGF) is happy to report drill outcomes from its 100% owned Madsen Mine situated within the Pink Lake Gold District of Northwestern Ontario, Canada.

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The drill outcomes featured on this information launch are centered on the high-grade Austin Zone. The Austin Zone at present incorporates an Indicated mineral useful resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”), with a further Inferred useful resource of 104,900 ozgrading 6.5 g/t Au.

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The aim of this drilling was definition and enlargement inside precedence areas of Austin to proceed constructing an stock of high-confidence ounces to assist the restart of manufacturing on the Madsen mine, which is anticipated to begin in 2025. The Firm lately filed a Technical Report for its Pre-Feasibility Examine for Madsen on February 18, 2025.

AUSTIN ZONE HIGHLIGHTS:

Gap MM25D-12-4848-005 Intersected 10.5m @ 12.43 g/t Au, from 48.6m to 59.1m, Together with 0.6m @ 106.06 g/t Au, from 49.4m to 50.0m, Additionally together with 0.7m @ 49.53 g/t Au, from 53.9m to 54.6m.
Gap MM25D-12-4848-050 Intersected 4.3m @ 30.16 g/t Au, from 51.0m to 55.3m, Together with 1.1m @ 106.10 g/t Au, from 51.9m to 53.0m.
Gap MM25D-12-4848-022 Intersected 5.4m @ 23.81 g/t Au, from 54.1m to 59.5m, Together with 0.5m @ 212.13 g/t Au, from 54.9m to 55.4m, Additionally together with 0.5m @ 30.14 g/t Au, from 56.3m to 56.8m.
Gap MM25D-12-4848-025 Intersected 9.6m @ 10.98 g/t Au, from 53.0m to 62.6m, Together with 0.5m @ 45.34 g/t Au, from 53.0m to 53.5m, Additionally together with 0.8m @ 36.90 g/t Au, from 57.5m to 58.3m.
Gap MM25D-12-4848-045 Intersected 5.85m @ 17.29 g/t Au, from 43.75m to 49.60m, Together with 1.5m @ 45.31 g/t Au, from 45.5m to 47.0m, Additionally together with 0.6m @ 27.15 g/t Au, from 49.0m to 49.6m.

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Shane Williams, President & CEO, acknowledged, “It’s an enormous benefit that our staff has been lively underground on the Madsen mine for nearly two years, as a result of we’ve got been in a position to get drills to many excessive precedence areas of the deposit forward of mine restart. This consists of deeper parts of the useful resource that possess very enticing tonnage and grade profiles – many of those deeper areas had been by no means accessed by the 2 earlier operators. Excessive grade panels in Austin, just like the one highlighted on this replace, are at present throughout the life-of-mine plan and are anticipated to ship significant, high-margin tonnes through the first eighteen to twenty-four months of manufacturing. We absolutely count on the Austin and South Austin zones to proceed producing spectacular grades over vital widths as we proceed to entry and outline these high-grade shoots at depth.”

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Plan maps and sections for the Austin drilling highlighted on this launch are supplied under in Figures 1 by 13.

TABLE 1. Important intercepts (>3 g/t Au) from drilling at Austin Zone.

Gap ID	Goal	From (m)	To (m)	Size (m)*	Au (g/t)
MM25D-12-4848-001	Austin	No Assays > 3 g/t Au
MM25D-12-4848-002	Austin	58.60	61.50	2.90	3.61
AND	Austin	63.60	65.50	1.90	5.13
AND	Austin	67.70	69.20	1.50	5.16
MM25D-12-4848-003	Austin	54.60	57.00	2.40	4.20
Incl.	Austin	54.60	55.10	0.50	16.64
AND	Austin	59.00	61.00	2.00	4.53
Incl.	Austin	60.50	61.00	0.50	15.15
MM25D-12-4848-004	Austin	52.00	56.00	4.00	4.88
Incl.	Austin	54.00	55.00	1.00	14.26
AND	Austin	57.40	60.40	3.00	11.37
Incl.	Austin	58.30	59.00	0.70	25.73
MM25D-12-4848-005	Austin	48.60	59.10	10.50	12.43
Incl.		49.40	50.00	0.60	106.06
Additionally Incl.		53.90	54.60	0.70	49.53
MM25D-12-4848-006	Austin	34.00	35.00	1.00	5.48
AND	Austin	48.50	49.80	1.30	3.39
AND	Austin	56.20	60.50	4.30	19.64
MM25D-12-4848-007	Austin	44.90	48.70	3.80	4.19
Incl.	Austin	47.30	47.90	0.60	12.83
MM25D-12-4848-008	Austin	47.50	48.50	1.00	4.26
AND	Austin	49.50	51.00	1.50	4.76
MM25D-12-4848-009	Austin	48.80	53.30	4.50	5.32
Incl.	Austin	52.30	52.80	0.50	30.57
MM25D-12-4848-010	Austin	No Assays > 3 g/t Au
MM25D-12-4848-011	Austin	59.05	61.60	2.55	6.26
Incl.	Austin	60.10	60.60	0.50	28.90
MM25D-12-4848-012	Austin	60.40	63.40	3.00	5.63
Incl.	Austin	60.40	61.40	1.00	10.37
AND	Austin	66.70	71.70	5.00	5.39
Incl.	Austin	68.70	70.70	2.00	12.64
MM25D-12-4848-013	Austin	No Assays > 3 g/t Au
MM25D-12-4848-014	Austin	67.40	68.00	0.60	3.41
AND	Austin	76.50	78.00	1.50	3.74
AND	Austin	79.00	80.00	1.00	3.08
MM25D-12-4848-015	Austin	33.50	34.00	0.50	3.99
AND	Austin	51.50	57.00	5.50	5.36
Incl.	Austin	51.50	53.10	1.60	14.50
MM25D-12-4848-016	Austin	57.40	58.60	1.20	5.96
Incl.	Austin	57.40	58.00	0.60	11.33
AND	Austin	61.30	62.40	1.10	8.00
MM25D-12-4848-017	Austin	57.70	58.70	1.00	3.55
AND	Austin	69.30	71.80	2.50	3.28
AND	Austin	72.80	74.00	1.20	3.66
MM25D-12-4848-018	Austin	No Assays > 3 g/t Au
MM25D-12-4848-019	Austin	No Assays > 3 g/t Au
MM25D-12-4848-020	Austin	58.00	61.00	3.00	5.38
Incl.	Austin	60.00	61.00	1.00	12.82
MM25D-12-4848-021	Austin	57.30	58.50	1.20	3.71
MM25D-12-4848-022	Austin	54.10	59.50	5.40	23.81
Incl.		54.90	55.40	0.50	212.13
Additionally Incl.		56.30	56.80	0.50	30.14
MM25D-12-4848-023	Austin	48.00	49.00	1.00	3.58
MM25D-12-4848-024	Austin	30.50	31.50	1.00	5.00
AND	Austin	48.50	51.00	2.50	6.75
Incl.	Austin	49.00	50.20	1.20	12.62
AND	Austin	53.70	54.20	0.50	10.97
MM25D-12-4848-025	Austin	53.00	62.60	9.60	10.98
Incl.		53.00	53.50	0.50	45.34
Additionally Incl.		57.50	58.30	0.80	36.90
MM25D-12-4848-026	Austin	No Assays > 3 g/t Au
MM25D-12-4848-027	Austin	45.00	49.20	4.20	6.69
AND	Austin	54.20	54.80	0.60	3.43
MM25D-12-4848-028	Austin	44.20	46.00	1.80	7.09
AND	Austin	50.00	54.50	4.50	14.99
MM25D-12-4848-029	Austin	45.20	48.80	3.60	15.71
Incl.	Austin	47.50	48.10	0.60	76.32
AND	Austin	56.00	57.50	1.50	4.68
MM25D-12-4848-030	Austin	50.00	52.80	2.80	7.38
Incl.	Austin	51.00	52.10	1.10	16.48
AND	Austin	59.50	61.00	1.50	5.67
MM25D-12-4848-031	Austin	No Assays > 3 g/t Au
MM25D-12-4848-032	Austin	52.00	54.20	2.20	4.45
Incl.	Austin	53.70	54.20	0.50	18.48
MM25D-12-4848-033	Austin	45.20	48.00	2.80	4.58
Incl.	Austin	46.50	47.00	0.50	17.36
MM25D-12-4848-034	Austin	40.00	41.00	1.00	4.44
AND	Austin	49.70	51.00	1.30	3.75
MM25D-12-4848-035	Austin	44.60	50.00	5.40	3.37
Incl.	Austin	44.60	45.15	0.55	10.03
MM25D-12-4848-036	Austin	31.00	33.00	2.00	4.62
AND	Austin	43.30	49.60	6.30	6.02
Incl.	Austin	44.00	45.00	1.00	28.59
MM25D-12-4848-037	Austin	44.00	47.00	3.00	4.42
Incl.	Austin	44.00	45.00	1.00	10.74
AND	Austin	56.20	57.50	1.30	3.51
MM25D-12-4848-038	Austin	42.50	45.50	3.00	3.89
Incl.	Austin	43.00	43.63	0.63	11.29
AND	Austin	50.70	53.40	2.70	4.47
Incl.	Austin	52.10	52.79	0.69	11.32
MM25D-12-4848-039	Austin	44.10	48.00	3.90	4.53
Incl.	Austin	45.30	45.80	0.50	18.25
MM25D-12-4848-040	Austin	No Assays > 3 g/t Au
MM25D-12-4848-041	Austin	43.00	47.00	4.00	10.41
Incl.	Austin	43.50	44.00	0.50	55.45
MM25D-12-4848-042	Austin	44.00	47.50	3.50	3.90
MM25D-12-4848-043	Austin	32.00	34.00	2.00	7.85
Incl.	Austin	32.00	33.00	1.00	13.10
AND	Austin	46.73	47.35	0.62	4.16
MM25D-12-4848-044	Austin	No Assays > 3 g/t Au
MM25D-12-4848-045	Austin	36.00	36.80	0.80	3.54
AND	Austin	43.75	49.60	5.85	17.29
Incl.		45.50	47.00	1.50	45.31
Additionally Incl.		49.00	49.60	0.60	27.15
MM25D-12-4848-046	Austin	No Assays > 3 g/t Au
MM25D-12-4848-047	Austin	47.50	48.85	1.35	3.49
MM25D-12-4848-048	Austin	45.95	47.60	1.65	9.15
Incl.	Austin	45.95	46.50	0.55	11.22
MM25D-12-4848-049	Austin	65.05	67.00	1.95	4.91
MM25D-12-4848-050	Austin	51.00	55.30	4.30	30.16
Incl.	Austin	51.90	53.00	1.10	106.10
MM25D-12-4848-051	Austin	61.75	64.85	3.10	3.12
AND	Austin	65.35	65.85	0.50	3.04
AND	Austin	67.60	68.55	0.95	3.62

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*The “From-To” intervals in Desk 1 are denoting total downhole size of the intercept. True thickness has not been calculated for these intercepts however is anticipated to be ≥ 70% of downhole thickness primarily based on intercept angles noticed within the drill core. Inner dilution for composite intervals doesn’t exceed 1m for samples grading &LT0.1 g/t Au.

TABLE 2: Drill collar abstract for holes reported on this Information Launch.

Gap ID	Goal	Easting	Northing	Elev (m)	Size (m)	Azimuth	Dip
MM25D-12-4848-001	Austin	435845	5646715	-151	96.00	83	12
MM25D-12-4848-002	Austin	435845	5646715	-151	90.00	88	12
MM25D-12-4848-003	Austin	435845	5646714	-151	85.70	94	12
MM25D-12-4848-004	Austin	435845	5646714	-151	81.00	100	12
MM25D-12-4848-005	Austin	435845	5646714	-151	81.00	105	12
MM25D-12-4848-006	Austin	435845	5646714	-151	81.00	112	12
MM25D-12-4848-007	Austin	435845	5646714	-151	50.50	119	12
MM25D-12-4848-008	Austin	435845	5646714	-151	51.00	125	13
MM25D-12-4848-009	Austin	435845	5646714	-151	53.30	133	12
MM25D-12-4848-010	Austin	435845	5646714	-151	54.60	140	12
MM25D-12-4848-011	Austin	435844	5646713	-151	90.00	146	12
MM25D-12-4848-012	Austin	435844	5646713	-151	90.00	153	12
MM25D-12-4848-013	Austin	435846	5646715	-151	65.00	85	17
MM25D-12-4848-014	Austin	435846	5646715	-151	90.00	84	6
MM25D-12-4848-015	Austin	435845	5646715	-150	57.00	91	28
MM25D-12-4848-016	Austin	435845	5646715	-151	62.40	91	17
MM25D-12-4848-017	Austin	435845	5646715	-151	87.00	90	6
MM25D-12-4848-018	Austin	435845	5646715	-150	61.00	94	22
MM25D-12-4848-019	Austin	435845	5646714	-150	75.00	97	28
MM25D-12-4848-020	Austin	435845	5646714	-151	81.00	97	17
MM25D-12-4848-021	Austin	435845	5646714	-151	85.00	97	6
MM25D-12-4848-022	Austin	435845	5646714	-150	78.00	100	22
MM25D-12-4848-023	Austin	435845	5646714	-150	75.00	103	28
MM25D-12-4848-024	Austin	435845	5646714	-151	78.00	103	17
MM25D-12-4848-025	Austin	435845	5646714	-151	86.30	103	6
MM25D-12-4848-026	Austin	435845	5646714	-150	71.10	106	34
MM25D-12-4848-027	Austin	435845	5646714	-150	75.00	106	22
MM25D-12-4848-028	Austin	435845	5646714	-150	75.00	108	28
MM25D-12-4848-029	Austin	435845	5646714	-151	78.00	109	17
MM25D-12-4848-030	Austin	435845	5646714	-151	83.30	109	6
MM25D-12-4848-031	Austin	435845	5646714	-150	72.00	112	34
MM25D-12-4848-032	Austin	435845	5646714	-150	75.00	113	23
MM25D-12-4848-033	Austin	435845	5646714	-151	78.00	115	20
MM25D-12-4848-034	Austin	435845	5646714	-151	54.10	115	6
MM25D-12-4848-035	Austin	435845	5646714	-150	75.00	116	28
MM25D-12-4848-036	Austin	435845	5646714	-150	49.60	119	23
MM25D-12-4848-037	Austin	435845	5646714	-150	72.00	120	35
MM25D-12-4848-038	Austin	435845	5646714	-150	75.00	122	29
MM25D-12-4848-039	Austin	435845	5646714	-151	48.90	122	17
MM25D-12-4848-040	Austin	435845	5646714	-151	53.30	122	6
MM25D-12-4848-041	Austin	435845	5646714	-150	48.47	126	23
MM25D-12-4848-042	Austin	435845	5646714	-150	72.00	127	35
MM25D-12-4848-043	Austin	435845	5646714	-151	51.10	129	17
MM25D-12-4848-044	Austin	435845	5646714	-151	55.00	129	6
MM25D-12-4848-045	Austin	435845	5646714	-150	49.60	133	25
MM25D-12-4848-046	Austin	435845	5646714	-151	60.00	136	6
MM25D-12-4848-047	Austin	435845	5646714	-151	52.30	137	18
MM25D-12-4848-048	Austin	435845	5646714	-150	51.80	142	25
MM25D-12-4848-049	Austin	435845	5646714	-151	67.50	143	6
MM25D-12-4848-050	Austin	435844	5646714	-151	55.30	145	18
MM25D-12-4848-051	Austin	435844	5646713	-151	96.00	150	6

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DISCUSSION

The Austin zone is at present accessed by the Madsen Mine West Portal. Like the opposite mineralized domains that comprise the Madsen Mine, the Austin buildings are hosted inside broad, kilometer-scale planar alteration and deformation corridors which were repeatedly reactivated throughout gold mineralization and subsequent deformation and metamorphism.

On the deposit scale the Austin, South Austin, North Austin, and McVeigh Zones are domestically folded and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. Along with this intense deformation overprint, the mineralized veins and alteration have been subjected to the comparatively excessive temperatures of amphibolite facies metamorphism, which led to intensive recrystallization and development of the skarn-like substitute mineral assemblage of diopside-amphibole-quartz-biotite.

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All vital gold mineralization on the mine property is demonstrably early relative to probably the most vital, penetrative deformation (D2) and metamorphic occasions. The North Austin Zone shows ‘mine-style’ alteration and mineralization and consists of a number of mineralized domains outlined over a strike size of 0.5km. Mineralization stays open at depth and alongside strike to the northeast.

In drill core, or at underground face exposures, gold-bearing zones on the Madsen Mine are greatest recognized visually by nice (sub-millimetre) grains of free gold inside robust alteration and veining. All high-grade intervals usually include seen gold on drill core exteriors, though quite a few examples exist of high-grade assays the place seen gold was solely recognized throughout the inside (lower floor) of the core samples. Other than the presence of free gold, pervasive silicification (domestically accompanied by discrete quartz veining) and quartz-carbonate or diopside veining are the perfect indicators {that a} given interval is inside a high-grade zone alongside/throughout the mineralized construction.

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The present underground drilling program on the Madsen Mine is concentrated on additional definition of near-term mining stock, in addition to development of the present mineral useful resource. Drilling has been centered on the extra steady and higher-grade parts of the Austin, South Austin, North Austin and McVeigh Zones. This can proceed to be the technique by 2025.

Excessive decision variations of all of the figures contained on this press launch could be discovered on the following net tackle: https://westredlakegold.com/april-2025-nr-figures/.

FIGURE 1. Madsen Mine lengthy part exhibiting location of 12-4848 Drill Bay within the Austin Zone.^[1]

^[1]Mineral assets are estimated at a cut-off grade of three.38 g/t Au and a gold worth of US1,800/oz. Please consult with the technical report entitled “NI 43-101 Technical Report and Prefeasibility Examine for the Madsen Mine, Ontario, Canada”, ready by SRK Consulting (Canada) Inc. and dated January 7, 2025. A full copy of the SRK report is offered on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.

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FIGURE 2. Austin plan view drill part exhibiting assay highlights for Holes MM25D-12-4848-001 by -051.^[1]

FIGURE 3. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-001, -013 and-014.

FIGURE 4. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-002 and -015 by -018.

FIGURE 5. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-003 and -019 by -021.

FIGURE 6. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-004 and -022 by -025.

FIGURE 7. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-005, -026 and -027.

FIGURE 8. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-006 and -028 by -031.

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FIGURE 9. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-031 by -033 and -035.

FIGURE 10. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-007 and -036 by -040.

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b56c90d-674e-4c26-a684-873f1c068b07

FIGURE 11. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-008 and -041 by -044.

https://www.globenewswire.com/NewsRoom/AttachmentNg/ea14978c-bc48-4324-bd70-cfb8b7238cc8

FIGURE 12. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-009, -010 and -045 by -047.

https://www.globenewswire.com/NewsRoom/AttachmentNg/6dae22ce-e575-4a6c-b2ee-ccbb16ab2bf3

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FIGURE 13. Austin part view exhibiting assay highlights for Holes MM25D-12-4848-011, -012 and -048 by -051.

QUALITY ASSURANCE/QUALITY CONTROL

Drilling accomplished underground on the Madsen Mine consists of BQ-sized diamond drill core for definition drill packages and oriented NQ-sized diamond drill core for exploration centered drilling. All drill holes are systematically logged, photographed, and sampled by a educated geologist on the Madsen Mine core processing facility. Minimal allowable pattern size is 0.5m. Most allowable pattern size is 1.5m. Management samples (licensed requirements and uncertified blanks), alongside duplicates, are inserted at a goal 5% insertion price. Outcomes are assessed for accuracy, precision, and contamination on an ongoing foundation. The BQ-sized drill core is complete core sampled. The NQ-sized drill core is then lower lengthwise using a diamond blade core noticed alongside a line pre-selected by the geologist. To scale back sampling bias, the identical facet of drill core is sampled persistently using the orientation line as reference. For these samples containing seen gold (“VG”), a educated geologist supervises the chopping/bagging of these samples, and ensures the core noticed blade is ‘cleaned’ with a dressing stone following the VG pattern interval. Bagged samples are then sealed with zip ties and transported by Madsen Mine personnel on to SGS Pure Useful resource’s Facility in Pink Lake, Ontario for assay.

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Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing 2mm. A riffle splitter is then utilized to provide a 500g course reject for archive. The rest of the pattern is then pulverized to 85% passing 75 microns from which 50g is analyzed by fireplace assay and an atomic absorption spectroscopy (AAS) end (SGS Code GO-FAA50V10). Samples returning gold values > 100 g/t Au are reanalyzed by fireplace assay with a gravimetric end on a 50g pattern (SGS Code GO_FAG50V). Samples with seen gold are additionally analyzed through metallic display evaluation (SGS code: GO_FAS50M). For multi-element evaluation, samples are despatched to SGS’s facility in Burnaby, British Columbia and analyzed through four-acid digest with an atomic emission spectroscopy (ICP-AES) end for 33-element evaluation on 0.25g pattern pulps (SGS code: GE_ICP40Q12). SGS Pure Assets analytical laboratories operates underneath a High quality Administration System that complies with ISO/IEC 17025.

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The Madsen Mine deposit presently hosts a Nationwide Instrument 43-101 – Requirements of Disclosure for Mineral Tasks (“NI 43-101”) Indicated useful resource of 1.65 million ounces (“Moz”) of gold grading 7.4 g/t Au and an Inferred useful resource of 0.37 Moz of gold grading 6.3 g/t Au. Mineral assets are estimated at a cut-off grade of three.38 g/t Au and a gold worth of US$1,800/oz. Mineral assets as acknowledged are inclusive of mineral reserves. Mineral assets that aren’t mineral reserves shouldn’t have demonstrated financial viability. The Madsen Mine additionally incorporates Possible reserves of 478 thousand ounces (“koz”) of gold grading 8.16 g/t Au. Mineral reserve estimates are primarily based on a gold worth of US$1,680/oz. Please consult with the technical report entitled “NI 43-101 Technical Report and Prefeasibility Examine for the Madsen Mine, Ontario, Canada”, ready by SRK Consulting (Canada) Inc. and dated January 7, 2025 (the “Madsen Report”). The Madsen Useful resource Estimate has an efficient date of December 31, 2021 and excludes depletion of mining exercise through the interval from January 1, 2022 to the mine closure on October 24, 2022 because it has been deemed immaterial and never related for the aim of the Madsen Report. A full copy of the Madsen Report is offered on the Firm’s web site and on SEDAR+ at www.sedarplus.ca.

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The technical info introduced on this information launch has been reviewed and accepted by Will Robinson, P.Geo., Vice President of Exploration for West Pink Lake Gold and the Certified Particular person for exploration on the West Pink Lake Challenge, as outlined by NI 43-101 “Requirements of Disclosure for Mineral Tasks”.

ABOUT WEST RED LAKE GOLD MINES

West Pink Lake Gold Mines Ltd. is a mineral exploration firm that’s publicly traded and centered on advancing and growing its flagship Madsen Gold Mine and the related 47 km² extremely potential land package deal within the Pink Lake district of Ontario. The extremely productive Pink Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts among the world’s richest gold deposits. WRLG additionally holds the wholly owned Rowan Property in Pink Lake, with an expansive property place masking 31 km² together with three previous producing gold mines – Rowan, Mount Jamie, and Pink Summit.

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ON BEHALF OF WEST RED LAKE GOLD MINES LTD.

“Shane Williams”

Shane Williams
President & Chief Government Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gwen Preston

Vice President Communications

Tel: (604) 609-6132

E mail: buyers@wrlgold.com or go to the Firm’s web site at https://www.westredlakegold.com

Neither the TSX Enterprise Alternate nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Sure statements contained on this information launch might represent “forward-looking info” throughout the that means of relevant securities legal guidelines. Ahead-looking info usually could be recognized by phrases resembling “anticipate”, “count on”, “estimate”, “forecast”, “deliberate”, and comparable expressions suggesting future outcomes or occasions. Ahead-looking info relies on present expectations of administration; nevertheless, it’s topic to identified and unknown dangers, uncertainties and different elements that will trigger precise outcomes to vary materially from the forward-looking info on this information launch and embrace with out limitation, the outcomes of the PFS, together with, however not restricted to, the anticipated post-tax NPV and IRR on the Madsen Mine, the anticipated common annual manufacturing and money circulate, the anticipated Madsen Mine begin date, the likelihood of the extra alternatives to have the ability to convert extra useful resource into reserves, the method plant gold restoration estimates, the anticipated variety of people who can be employed to restart the Madsen Mine, the anticipated improvement and administration of the Madsen Mine tailings, the remaining expenditure necessities, the projected sustaining capital necessities, the important thing assumptions, parameters and strategies used to estimate the mineral useful resource and mineral reserve estimates referring to the PFS, the operational and financial outcomes of the PFS, together with grade or high quality of mineral deposits, and the LOM projections and estimates and the Firm’s future goals and plans. Readers are cautioned to not place undue reliance on forward-looking info.

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Ahead-looking info contain quite a few dangers and uncertainties and precise outcomes would possibly differ materially from outcomes instructed in any forward-looking info. These dangers and uncertainties embrace, amongst different issues, market volatility; the state of the monetary markets for the Firm’s securities; fluctuations in commodity costs; timing and outcomes of the cleanup and restoration on the Madsen Mine; and modifications within the Firm’s enterprise plans. Ahead-looking info relies on various key expectations and assumptions, together with with out limitation, the accuracy and reliability of technical information, forecasts, estimates and research, together with the PFS; estimates of mineral assets and mineral reserves; anticipated prices and expenditures; future outcomes of operations; skill to fulfill energy infrastructure; availability and skill to acquire personnel, equipment, provides, and tools from native sources the place attainable; the traits of the Madsen Mine; tax charges and royalty charges relevant to the Madsen Mine; the connection between the Firm and the native communities and its enterprise companions; skill to function in a protected and efficient method; the success of exploration, improvement and processing actions; that the Firm will proceed with its acknowledged enterprise goals and its skill to lift extra capital to proceed. Though administration of the Firm has tried to determine necessary elements that would trigger precise outcomes to vary materially from these contained in forward-looking info, there could also be different elements that trigger outcomes to not be as anticipated, estimated or supposed. There could be no assurance that such forward-looking info will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such forward-looking info. Accordingly, readers mustn’t place undue reliance on forward-looking info. Readers are cautioned that reliance on such info is probably not applicable for different functions. Further details about dangers and uncertainties is contained within the Firm’s administration’s dialogue and evaluation for the yr ended November 30, 2023, and the Firm’s annual info type for the yr ended November 30, 2023, copies of which can be found on SEDAR+ at www.sedarplus.ca.

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The forward-looking info contained herein is expressly certified in its entirety by this cautionary assertion. Ahead-looking info displays administration’s present beliefs and relies on info at present out there to the Firm. The forward-looking info is made as of the date of this information launch and the Firm assumes no obligation to replace or revise such info to mirror new occasions or circumstances, besides as could also be required by relevant regulation.

For extra info on the Firm, buyers ought to evaluation the Firm’s steady disclosure filings which might be out there on SEDAR+ at www.sedarplus.ca.

Pictures accompanying this announcement can be found at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/59588418-db96-49ea-a80a-829ed4cf9552

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