Red Lake GOLD Inc. Closes Financing

605-815 Hornby Street

Vancouver, British Columbia V6Z 2E6

RED LAKE GOLD INC. CLOSES FINANCING

Vancouver, British Columbia, July 10, 2019 – Red Lake Gold Inc. (CSE: RGLD) (FWB:P11)(“ Red

Lake” or the "Corporation") is pleased to announce that it has closed the non-brokered private placement

financing previously announced on July 9, 2019 through the issuance of 715,000 units (the “Units”).

The Units were issued on the terms previously announced and are subject to a four month hold period

pursuant to applicable securities laws of Canada.

The Corporation paid no finder’s fees.

Subsequent to the private placement, the Corporation has 24,830,001 shares outstanding

On Behalf of the Board of Directors

Ryan Kalt

Chairman & Chief Executive Officer

Forward-Looking Statements

This news release contains forward-looking statements. Forward-looking statements address future events

and conditions and therefore, involve inherent risks and uncertainties. Actual results may differ materially

from those currently expected or forecast in such statements.

Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE Exchange)

accepts responsibility for the adequacy or accuracy of this release.