Red Lake GOLD Inc. – Financing Update

605-815 Hornby Street

Vancouver, British Columbia V6Z 2E6

RED LAKE GOLD INC. – FINANCING UPDATE

Vancouver, British Columbia, August 23, 2019 – Red Lake Gold Inc. (CSE: RGLD) (FWB:P11)(“ Red

Lake” or the " Corporation") is pleased to confirm that the financing announced by the Corporation is

fully-allocated (see news release Red Lake Gold Inc. Announces Common Share Financing dated August

22, 2019)(the “ Financing”). Red Lake advises that interest in the Financing exceeded availability. The

Corporation confirms that it will not be upsizing the announced Financing.

Red Lake Gold Inc. is also pleased to report that planning for near-term exploration work on its Whirlwind

Jack Gold Project located near Red Lake, Ontario is underway. Further updates will be provided in due

course.

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.