West Red Lake Gold Intersects High-Grade 40-50 g/t Gold Over 3m at Madsen Mine Advancing Towards 2025 Restart

• West Red Lake Gold drilled high-grade gold intercepts at its 100% owned Madsen Mine in Red Lake, Ontario.
• Drilling at the McVeigh Zone hit 45.70 g/t Au over 3.85m, 50.99 g/t Au over 3m, and 8.75 g/t Au over 16m, among other strong results.
• McVeigh Zone hosts an Indicated resource of 79,800 oz at 6.4 g/t Au, plus an Inferred resource of 14,300 oz at 6.9 g/t Au.
• Drilling aims to build high-confidence gold inventory to support a production restart at Madsen, expected in 2025.
• West Red Lake is focused on advancing Madsen, with a current total resource of 2.02 Moz gold, towards renewed mining.

West Red Lake Gold Mines Ltd. (TSXV:WRLG) is a Canadian gold exploration and development company focused on advancing its flagship Madsen Gold Mine property in the renowned Red Lake district of Ontario. The company holds 47 km^2^ of highly prospective land around Madsen, in one of the world's richest high-grade gold regions which has produced over 30 million ounces historically.

Drilling Results

In its latest press release, West Red Lake Gold reported strong drill results from definition drilling at the high-grade McVeigh Zone at Madsen. Significant intercepts included:

• 45.70 g/t Au over 3.85m, including 127.27 g/t Au over 0.85m
• 50.99 g/t Au over 3m, including 141.53 g/t Au over 1m
• 8.75 g/t Au over 16m, including 77.92 g/t Au over 1m
• 33.66 g/t Au over 3m, including 97.16 g/t Au over 1m
• 28.64 g/t Au over 3m, including 40.17 g/t Au over 2m

These results follow up on significant intercepts announced previously in August 2024, including 106.99 g/t Au over 2.35m and 17.77 g/t Au over 5.5m.

The tight spaced drilling at McVeigh aims to build an inventory of high-confidence gold ounces to feed into detailed mine planning and support a production restart at Madsen, currently targeted for 2025. The drilling coupled with an enhanced geologic model is expected to enable a robust mine plan that reduces both external and internal dilution.

McVeigh Zone

The McVeigh Zone is a key mineralized zone at the Madsen deposit, along with the Austin, South Austin, and North Austin zones. McVeigh currently hosts an Indicated mineral resource of 79,800 ounces grading 6.4 g/t Au, with an additional Inferred resource of 14,300 ounces grading 6.9 g/t Au.

McVeigh is shallow and easily accessible for mining. The zone, like others at Madsen, is hosted within kilometer-scale alteration and deformation corridors that were repeatedly reactivated during gold mineralization events. Mineralization primarily occurs as visible gold in silicified zones, quartz-carbonate veins, and diopside veins.

The McVeigh zone is currently accessed via the Madsen Mine's West Portal, but will be accessed from the East Portal once the Connection Drift is completed. It remains open for expansion at depth and along strike.

Madsen Mine Progress

West Red Lake Gold is systematically advancing Madsen towards a production restart. The current underground drilling is focused on further defining near-term mining inventory while also growing the mineral resource. Drilling is targeting the more continuous, higher-grade portions of the Austin, South Austin, North Austin and McVeigh zones - a strategy that will continue through 2025.

The overall Madsen deposit hosts an Indicated resource of 1.65 million ounces grading 7.4 g/t Au, plus an Inferred resource of 0.37 million ounces grading 6.3 g/t Au, for a total of over 2 million ounces. Mineral resources are estimated at a 3.38 g/t Au cutoff grade.

While drilling progresses, the site operational team is simultaneously advancing test mining and stockpiling a bulk sample. This work, along with the drilling, detailed mine planning, and ongoing exploration aims to build high confidence in a successful production restart next year.

For Investors

West Red Lake Gold's latest drill results from the McVeigh Zone further demonstrate the high-grade nature and underground mining potential of the Madsen Gold Mine. With over 2 million ounces of gold already defined, and ongoing drilling expected to build high-confidence resources in key zones like McVeigh, the company appears well positioned to bring Madsen back into production in 2025.

For investors, West Red Lake Gold offers exposure to a near-term gold production story in a top-tier jurisdiction. Madsen benefits from extensive existing infrastructure, a sizable resource base, and exciting expansion potential on a district-scale land package in Ontario's prolific Red Lake gold camp. With a clear path to production and a major catalyst on the horizon with next year's restart, WRLG is a compelling gold stock to watch.