West Red Lake Gold Intersects 9.15 g/t Au over 3.3m and 10.66 g/t Au over 2.6m at North Austin Zone – Madsen Mine

February 7, 2024

Vancouver, BC

West Red Lake Gold Intersects 9.15 g/t Au over 3.3m and

10.66 g/t Au over 2.6m at North Austin Zone – Madsen Mine

West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV:

WRLG) (OTCQB: WRLGF) is pleased to report drill results from its 100% owned Madsen Mine

located in the Red Lake Gold District of Northwestern Ontario, Canada.

This round of drill results from the Madsen Mine were all drilled from underground on the North

Austin Zone, which represents a new area of high-grade mineralization extending the current

Madsen resource to the northeast . This program was designed for expan ding the North Austin

zone to follow -up on the initial results previously announced in November, 2023 (see press

release dated November 21st).

Notably, hole MM24X -03-5195-006 intercepted 8.12 g/t Au over 2m , suggesting vertical

continuity of almost two full mine levels , or approximately 50m, below any workings at the

East Portal. Additionally, holes MM24X -03-5195-001, -003 and - 004 all intercepted high -grade

mineralization beneath current workings effectively extending a known ore shoot

approximately 25m down plunge.

The WRLG team believes these intercepts are indicative of the resource growth potential that

still exists at the Madsen Mine asset. The North Austin Zone sits adjacent to existing

underground development marking it as a high caliber target that could potentially be developed

early during future mine restart and production. The North Austin Zone remains open down-dip

and along strike to the northeast and will continue to be a priority expansion target as

underground drilling continues.

HIGHLIGHTS:

• Hole MM24X-03-5195-003 Intersected 3.3m @ 9 .15 g/t Au , from 148.7 m to 152m,

Including 1m @ 15.91 g/t Au, from 148.7m to 149.7m, also Including 0.7m @ 18.62 g/t

Au, from 150.7m to 151.4m.

• Hole MM24X-03-5195-001 Intersected 2.6m @ 10.66 g/t Au , from 154.4m to 157 m,

Including 0.9m @ 18.35 g/t Au, from 155.4m to 156.3m.

• Hole MM24X-03-5195-006 Intersected 2.4m @ 8.12 g/t Au, from 85.3m to 87.7m.

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• Hole MM24X-03-5195-004 Intersected 1.4m @ 10.55 g/t Au, from 141m to 142.4m.

Shane Williams, President & CEO, stated, " This latest round of North Austin results are very

encouraging and demonstrate the untapped growth potential that still exists in this part of the

Madsen deposit. As we continue to advance the East Portal decline, we will be establishing

additional drilling platforms to continue extending this zone at depth.”

Plan maps and section s for the North Austin drilling outlined in this release are provided in

Figures 1 through 5.

During 2023, the Company drilled a total of 2 8 holes for 2, 524m of NQ diamond drill core

(Expansion) and 71 holes for 4,611m of BQ diamond drill core (Definition) from underground at

Madsen.

Since underground drilling resumed in early January 2024 the Company has completed 1,651m

of Expansion drilling and 689m of Definition drilling. In total, 23 diamond drill holes for 2,340m

have been completed so far in 2024 at the Madsen Mine. Fire and metallic screen assays have

been returned for 20 out of 23 holes completed, with 2 holes pending assays and QAQC.

TABLE 1. Significant intercepts (>1 g/t Au) from drilling at North Austin Target.

Hole ID Target From (m) To (m) Thick (m)* Au (g/t)

MM23X-03-5195-001 North Austin 154.40 157.00 2.60 10.66

Incl. 155.40 156.30 0.90 18.35

MM24X-03-5195-002 North Austin No Assay Values >1 g/t Au

MM24X-03-5195-003 North Austin 99.00 100.10 1.10 5.59

AND

North Austin

148.70 152.00 3.30 9.15

Incl. 148.70 149.70 1.00 15.91

Also Incl. 150.70 151.40 0.70 18.62

MM24X-03-5195-004 North Austin 88.90 89.80 0.90 1.67

AND North Austin 94.80 95.50 0.70 2.09

AND North Austin 136.00 137.00 1.00 1.95

AND North Austin 141.00 142.40 1.40 10.55

MM24X-03-5195-005 North Austin 91.50 92.45 0.95 2.79

AND North Austin 104.00 105.00 1.00 1.23

AND North Austin 105.90 106.40 0.50 2.29

MM24X-03-5195-006 North Austin 74.00 75.00 1.00 1.12

AND North Austin 85.30 87.70 2.40 8.12

AND North Austin 88.70 89.60 0.90 4.19

AND North Austin 90.20 92.00 1.80 1.34

MM24X-03-5195-007 North Austin 96.00 97.00 1.00 3.54

AND North Austin 109.10 109.90 0.80 3.64

AND North Austin 110.80 111.30 0.50 1.17

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Hole ID Target From (m) To (m) Thick (m)* Au (g/t)

MM24X-03-5195-008 North Austin 103.60 104.30 0.70 3.31

AND North Austin 115.60 116.60 1.00 1.65

MM24X-03-5195-009 North Austin 110.25 112.00 1.75 2.48

AND North Austin 113.00 114.00 1.00 1.43

AND North Austin 166.65 168.00 1.35 1.99

MM24X-03-5195-010 North Austin No Assay Values >1 g/t Au

*The “From-To” intervals in Table 1 are denoting overall downhole length of the intercept. True thickness

has not been calculated for these intercepts but is expected to be ≥ 70% of downhole thickness based on

intercept angles observed in the drill core.

FIGURE 1. Deposit-scale plan map of Madsen Mine.

TABLE 2: Drill collar summary for holes reported in this News Release.

Hole ID Target Easting Northing Elev

(m)

Length

(m) Azi Dip

MM23X-03-5195-001 North Austin 435987 5647032 261 180.0 278 -6

MM24X-03-5195-002 North Austin 435987 5647032 261 175.8 282 -7

MM24X-03-5195-003 North Austin 435987 5647032 261 177.0 286 -2

MM24X-03-5195-004 North Austin 435987 5647032 261 165.0 286 -9

MM24X-03-5195-005 North Austin 435987 5647032 261 162.0 289 -6

MM24X-03-5195-006 North Austin 435987 5647032 261 156.0 311 -23

MM24X-03-5195-007 North Austin 435987 5647032 261 195.0 317 -5

MM24X-03-5195-008 North Austin 435987 5647032 261 186.0 322 -3

MM24X-03-5195-009 North Austin 435987 5647032 261 192.0 325 -5

MM24X-03-5195-010 North Austin 435987 5647032 261 177.0 333 -4

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DISCUSSION

Accessed through the Madsen Mine East Portal, the North Austin Zone sits northeast in the

footwall of the main Austin Zone. Like the main Austin and South Austin Structure s, the North

Austin domain is hosted within broad, kilometer- scale planar alteration and deformation

corridors that have been repeatedly reactiv ated during gold mineralization and subsequent

deformation and metamorphism.

At the deposit-scale the Austin, South Austin, North Austin, and McVeigh Zones are locally folded

and structurally dismembered by transposition and rotation into the penetrative S2 Foliation. In

addition to this intense deformation overprint, the mineralized veins and alteration have been

subjected to the relatively high temperatures of amphibolite facies metamorphism, which led to

extensive recrystallization and growth of the skarn -like replacement mineral assemblage of

diopside-amphibole-quartz-biotite.

All significant gold mineralization on the mine property is demonstrably early relative to the most

significant, penetrative deformation (D2) and metamorphic events. The North Austin Zone

displays ‘mine-style’ alteration and mineralization and consists of multiple mineralized domains

defined over a strike length of 0.5km . Mineralization remains open at depth and along strike to

the northeast.

In drill core, or at underground face exposures, gold-bearing zones at the Madsen Mine are best

identified visually by fine (sub-millimetre) grains of free gold within strong alteration and veining.

All high-grade intervals generally contain visible gold on drill core exteriors, although numerous

examples exist of high-grade assays where visible gold was only identified within the interior (cut

surface) of the core samples. Apart from the presence of free gold, pervasive silicification (locally

accompanied by discrete quartz veining) and quartz -carbonate or diopside veining are the best

indicators that a given interval is within a high-grade zone along/within the mineralized structure.

The current underground drilling program at the Madsen Mine is focused on further definition

of near-term mining inventory , as well as growth of the current mineral resource. Drilling has

been focused on the more continuous and higher-grade portions of the Austin, South Austin, and

North Austin Zones. This will continue to be the strategy moving into 2024.

High resolution versions of all the figures contained in this press release can be found at the

following web address: https://westredlakegold.com/february-release-maps/

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FIGURE 2. Madsen Mine long section showing location of North Austin Zone.[1]

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43- 101

Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) I nc. and dated June 16, 2023. A full

copy of the SRK report is available on the Company’s website and on SEDAR + at www.sedarplus.ca.

Page 6 of 11

FIGURE 3. North Austin plan view drill section showing assay highlights for Holes MM24X-03-5195-001 through -010.[1]

*Geologic domains and 2021 block model have not yet been updated to incorporate drill results in this press release.

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43 -101

Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. A full

copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

Page 7 of 11

FIGURE 4. North Austin cross-section showing assay highlights for Holes MM24X-03-5195-001 through -005.[1]

*Geologic domains and 2021 block model have not yet been updated to incorporate drill results in this press release.

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43- 101

Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. A full

copy of the SRK report is available on the Company’s website and on SEDAR + at www.sedarplus.ca.

Page 8 of 11

FIGURE 5. North Austin cross-section showing assay highlights for Hole MM24X-03-5195-006.[1]

*Geologic domains and 2021 block model have not yet been updated to incorporate drill results in this press release.

[1] Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43 -101

Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. A full

copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.