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West Red Lake Gold Reports 219.73 g/t Au over 4.8m, 148.36 g/t Au over 3m and 133.13 g/t Au over 2.5m in Austin 904 Complex – Madsen Mine

Drill Results

12607277v2

February 25, 2026

Vancouver, BC

West Red Lake Gold Reports 219.73 g/t Au over 4.8m, 148.36

g/t Au over 3m and 133.13 g/t Au over 2.5m in Austin 904

Complex – 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.

Shane Williams, President & CEO, stated, “The underground drills at Madsen continue to deliver

impressive results from the 904 Complex in lower Austin – unlocking significant upside at depth.

We view the 904 Complex in a similar light as the 4447 area in South Austin – where drilling in

2025 uncovered very high -grade lenses of gold mineralization and now constitutes a significant

portion of the ounces in our 2026 mine plan. We are implementing the same strategy at 904

where drilling will continue to define this area during 2026 to bring into consideration for mine

design and production in early 2027. An additional benefit to the lower Austin 904 Complex is

that most of this 200 by 200 metre panel, as it’s currently defined, has seen very little mining

historically leaving the main mineralized zone mostly intact - this is expected to allow for larger

stopes and more efficient development and extraction from this high-grade area. The results

received to date in 904 are highly encouraging and we look forward to advancing the drills deeper

in this priority area of the mine.”

The results from Austin 904 Complex and South Austin presented in this update were all drilled

from stations on the 13 Level of the Madsen Mine at approximately 650m depth . Additional

results of note from this area were recently announced on November 4, 2025 which highlighted

26.16 grams per tonne (“g/t”) gold (“Au”) over 11.2 metres (“m”), 37.87 g/t Au over 3.55m and

10.55 g/t Au over 8m; on October 9, 2025 which highlighted 139.45 g/t Au over 7.8m, 74.70 g/t

Au over 8.7m and 18.31 g/t Au over 7.5m ; and on April 1, 2025 which highlighted 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.

Recent drilling success from th e lower Austin 904 Complex demonstrates the potential for

discovery of additional high -grade lenses of gold mineralization in the main Austin Zone very

similar to those that have already been delineated in the South Austin zone during the 2025

campaign (see press releases for South Austin dated August 12, 2025, May 27, 2025 and February

26, 2025). It is anticipated that the lower Austin area will continue to be a primary focus of drilling

at Madsen for the remainder of 2026.

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AUSTIN 904 COMPLEX HIGHLIGHTS:

• Hole MM26D-13-4950-008 Intersected 4.75m @ 219.73 g/t Au, from 80.25m to 85.00m,

Including 1m @ 1,016.57 g/t Au, from 83m to 84m. This intercept was complimented by

a seam of visible gold running sub-parallel to foliation and spatially associated with quartz

veining and strong silicification (Figure 1).

FIGURE 1. Visible gold showing in hole MM26D-13-4950-008 at 83.65m downhole depth.

• Hole MM25D-13-4773-002 Intersected 3m @ 148.36 g/t Au, from 92m to 95m, Including

2m @ 222.26 g/t Au, from 93m to 95m. This intercept was complimented by multiple

occurrences of visible gold spatially associated with quartz veining and strong silicification

(Figure 2).

FIGURE 2. Visible gold showing in hole MM26D-13-4773-002 at 93m downhole depth.

• Hole MM26D-13-4950-012 Intersected 2.5m @ 133.13 g/t Au, from 99.5m to 102.0m,

Including 1.3m @ 155.66 g/t Au, from 100.0m to 101.3m.

• Hole MM25D-13-4880-004 Intersected 5m @ 36.06 g/t Au , from 101m to 106m,

Including 1.8m @ 92.56 g/t Au, from 103.2m to 105.0m.

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• Hole MM25D-13-4773-016 Intersected 3.15m @ 41.90 g/t Au, from 83.30m to 86.45m,

Including 0.75m @ 171.96 g/t Au, from 85.70m to 86.45m.

SOUTH AUSTIN HIGHLIGHTS:

• Hole MM26D-13-4688-017 Intersected 2.45m @ 14.89 g/t Au, from 93.25m to 95.70m,

Including 1.7m @ 150.64 g/t Au, from 94.0m to 95.7m.

• Hole MM25D-13-4773-024 Intersected 7.85m @ 27.24 g/t Au, from 72.60m to 80.45m,

Including 1m @ 189.48 g/t Au, from 72.6m to 73.6m. This intercept was complimented

by multiple occurrences of visible gold spatially associated with quartz veining and strong

silicification (Figure 3).

FIGURE 3. Visible gold showing in hole MM2 5D-13-4773-024 at 73.1m downhole depth on

contact with quartz-porphyry and altered basalt.

TABLE 1. Significant intercepts (>3 g/t Au) from drilling at Austin 904 Complex and South

Austin.

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

MM25D-13-4688-001 South Austin 66.00 68.00 2.00 3.78

AND South Austin 86.35 88.85 2.50 5.43

Incl. 87.35 87.85 0.50 14.36

MM25D-13-4688-002 South Austin 64.00 65.00 1.00 5.15

AND South Austin 83.85 87.40 3.55 11.17

Incl. 84.85 86.90 2.05 17.69

MM25D-13-4688-003 South Austin 61.10 65.75 4.65 3.69

AND South Austin 67.50 70.00 2.50 5.37

AND South Austin 79.85 82.65 2.80 5.06

Incl. 80.35 81.10 0.75 10.37

MM25D-13-4688-004 South Austin 5.00 6.00 1.00 3.11

AND South Austin 71.85 72.85 1.00 3.42

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

AND South Austin 89.00 90.50 1.50 7.92

Incl. 89.50 90.00 0.50 11.00

MM25D-13-4688-005 South Austin 67.20 69.40 2.20 3.07

AND South Austin 83.30 86.40 3.10 6.49

Incl. 84.90 85.40 0.50 14.48

MM25D-13-4688-006 South Austin 88.00 90.00 2.00 6.35

Incl. 88.00 88.50 0.50 12.73

MM25D-13-4688-007 South Austin 64.80 65.80 1.00 3.33

AND South Austin 83.15 86.75 3.60 5.02

Incl. 85.00 85.75 0.75 14.63

MM25D-13-4688-008

South Austin

87.00 92.60 5.60 13.48

Incl. 89.70 91.00 1.30 27.01

Also Incl. 91.50 92.05 0.55 29.00

MM25D-13-4688-009 South Austin 84.45 87.00 2.55 3.55

MM25D-13-4688-010 South Austin 56.00 59.00 3.00 3.05

MM25D-13-4688-011 South Austin 56.15 61.00 4.85 4.57

AND South Austin 66.40 69.00 2.60 4.22

AND South Austin 75.20 76.75 1.55 4.07

MM25D-13-4688-012 South Austin 57.00 58.00 1.00 3.35

AND South Austin 61.50 62.90 1.40 10.13

Incl. 61.50 62.00 0.50 26.01

AND South Austin 71.00 72.60 1.60 4.48

MM25D-13-4688-013 South Austin 87.90 88.70 0.80 3.44

MM25D-13-4688-014 South Austin 87.00 90.00 3.00 7.85

Incl. 88.45 89.35 0.90 18.08

MM25D-13-4688-015 South Austin 84.00 86.75 2.75 3.71

AND South Austin 87.35 90.50 3.15 3.16

MM25D-13-4688-016 South Austin 95.00 99.35 4.35 15.93

Incl. 97.90 98.60 0.70 74.48

MM25D-13-4688-017 South Austin 75.00 76.45 1.45 3.42

AND South Austin 79.50 82.00 2.50 3.44

AND South Austin 86.75 89.40 2.65 10.71

Incl. 87.50 88.10 0.60 37.51

AND South Austin 93.25 95.70 2.45 104.89

Incl. 94.00 95.70 1.70 150.64

MM25D-13-4688-018 South Austin 91.00 93.00 2.00 19.50

Incl. 92.00 93.00 1.00 36.37

MM25D-13-4688-019 South Austin 101.00 102.95 1.95 3.71

MM25D-13-4688-020 South Austin 92.30 95.10 2.80 8.79

Incl. 92.85 93.85 1.00 19.02

MM25D-13-4688-021 South Austin 89.30 90.30 1.00 3.43

AND South Austin 91.30 93.00 1.70 7.77

Incl. 92.00 93.00 1.00 12.82

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

MM25D-13-4688-022 South Austin 99.50 101.30 1.80 9.37

Incl. 100.05 101.30 1.25 12.93

MM25D-13-4688-023 South Austin 59.00 60.00 1.00 13.01

AND South Austin 62.95 64.30 1.35 3.94

AND South Austin 66.50 67.00 0.50 3.27

MM25D-13-4688-024 South Austin 73.80 75.30 1.50 2.96

MM25D-13-4688-025 South Austin 79.20 80.05 0.85 2.98

AND South Austin 82.20 84.20 2.00 11.30

Incl. 82.20 83.20 1.00 18.17

AND South Austin 96.00 96.55 0.55 3.67

MM25D-13-4688-026 South Austin 57.00 60.00 3.00 3.31

AND South Austin 62.45 64.45 2.00 7.88

Incl. 63.45 64.45 1.00 13.48

AND South Austin 66.95 68.95 2.00 3.29

AND South Austin 94.20 95.50 1.30 3.38

MM25D-13-4688-027 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4688-028 South Austin 63.00 65.40 2.40 4.40

MM25D-13-4688-029 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4688-030 South Austin 55.00 58.00 3.00 8.23

Incl. 56.00 57.00 1.00 11.44

MM25D-13-4688-031 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4773-001 South Austin 65.00 68.00 3.00 3.62

MM25D-13-4773-002 Austin - 904 92.00 95.00 3.00 148.36

Incl. 93.00 95.00 2.00 222.26

MM25D-13-4773-003 Austin - 904 118.40 121.45 3.05 3.19

MM25D-13-4773-004 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-005 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-006 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-007 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-008 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-009 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-010 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-011 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-012 South Austin 41.85 43.50 1.65 35.83

Incl. 41.85 42.85 1.00 57.72

MM25D-13-4773-013 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4773-014 South Austin 21.50 22.50 1.00 3.53

MM25D-13-4773-015 South Austin 22.85 23.85 1.00 4.06

MM25D-13-4773-016 Austin - 904 83.30 86.45 3.15 41.90

Incl. 85.70 86.45 0.75 171.96

AND Austin - 904 90.00 91.00 1.00 3.42

MM25D-13-4773-017 South Austin 21.95 22.45 0.50 3.54

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

MM25D-13-4773-018 Austin - 904 20.00 22.00 2.00 7.06

Incl. 20.00 21.00 1.00 11.42

AND Austin - 904 82.60 83.10 0.50 4.28

AND Austin - 904 84.00 85.00 1.00 3.94

AND Austin - 904 89.00 90.00 1.00 4.08

MM25D-13-4773-019 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-020 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-021 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-022 Austin - 904 No Significant Assays > 3 g/t Au

MM25D-13-4773-023 South Austin 66.90 70.90 4.00 8.30

Incl. 69.15 70.05 0.90 16.61

MM25D-13-4773-024 South Austin 72.60 80.45 7.85 27.24

Incl. 72.60 73.60 1.00 189.48

MM25D-13-4773-025 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4773-026

South Austin

70.00 77.00 7.00 8.36

Incl. 71.00 72.00 1.00 16.27

Also Incl. 73.05 75.00 1.95 17.91

MM25D-13-4773-027 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4773-028 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4773-029 South Austin 23.00 26.00 3.00 5.65

Incl. 24.00 25.00 1.00 14.47

MM25D-13-4773-030 South Austin 23.00 24.00 1.00 9.88

MM25D-13-4773-031 South Austin No Significant Assays > 3 g/t Au

MM25D-13-4773-032 South Austin 60.75 61.30 0.55 4.21

AND South Austin 80.50 81.15 0.65 3.23

MM25D-13-4773-033 South Austin 25.00 26.00 1.00 5.55

MM25D-13-4773-034 South Austin 86.75 88.75 2.00 7.19

MM25D-13-4773-035 South Austin 78.00 80.00 2.00 6.45

AND South Austin 87.00 88.95 1.95 9.52

Incl. 87.70 88.20 0.50 36.64

MM25D-13-4773-036 Austin - 904 107.80 108.35 0.55 6.88

MM25D-13-4880-001 Austin - 904 98.80 102.90 4.10 7.16

Incl. 100.10 101.00 0.90 12.93

MM25D-13-4880-002 Austin - 904 93.50 94.70 1.20 11.60

Incl. 94.20 94.70 0.50 12.91

MM25D-13-4880-003 Austin - 904 108.30 109.80 1.50 3.70

AND Austin - 904 111.80 112.40 0.60 3.62

AND Austin - 904 114.90 116.60 1.70 3.44

AND Austin - 904 118.55 120.10 1.55 10.11

Incl. 119.60 120.10 0.50 21.33

MM25D-13-4880-004 Austin - 904 101.00 106.00 5.00 36.06

Incl. 103.20 105.00 1.80 92.56

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

AND Austin - 904 118.85 121.00 2.15 6.14

Incl. 118.65 119.50 0.85 15.13

MM25D-13-4880-005

Austin - 904

115.00 125.90 10.90 4.01

Incl. 115.00 116.00 1.00 12.84

Also Incl. 120.25 120.75 0.50 12.58

AND Austin - 904 137.70 138.70 1.00 5.96

MM25D-13-4880-006 Austin - 904 121.15 122.65 1.50 3.42

AND Austin - 904 142.65 143.15 0.50 4.98

MM25D-13-4880-007 Austin - 904 101.20 102.90 1.70 3.11

AND Austin - 904 106.00 108.00 2.00 4.24

MM25D-13-4880-008 Austin - 904 94.00 96.00 2.00 6.72

Incl. 94.00 95.00 1.00 12.42

AND Austin - 904 105.00 106.65 1.65 6.53

Incl. 105.50 106.00 0.50 12.22

AND Austin - 904 118.60 119.10 0.50 3.72

MM25D-13-4880-009

Austin - 904

103.80 111.00 7.20 4.93

Incl. 103.80 104.45 0.65 30.32

Also Incl. 110.00 110.50 0.50 10.72

AND Austin - 904 119.80 120.40 0.60 3.94

MM25D-13-4880-010 Austin - 904 125.60 127.10 1.50 4.11

MM25D-13-4880-011 Austin - 904 97.00 100.00 3.00 5.51

Incl. 98.00 99.00 1.00 15.12

AND Austin - 904 120.85 123.70 2.85 3.74

AND Austin - 904 126.90 127.70 0.80 4.13

AND Austin - 904 133.50 135.25 1.75 7.26

Incl. 133.50 134.00 0.50 21.15

MM25D-13-4880-012 Austin - 904 138.00 139.90 1.90 3.57

MM25D-13-4880-013 Austin - 904 112.00 112.85 0.85 3.76

MM25D-13-4880-014 Austin - 904 99.10 103.00 3.90 4.45

AND Austin - 904 107.15 107.65 0.50 3.34

AND Austin - 904 111.15 112.40 1.25 3.14

MM25D-13-4880-015 Austin - 904 135.40 138.55 3.15 21.00

Incl. 136.50 138.55 2.05 29.66

AND Austin - 904 140.65 141.20 0.55 11.82

MM26D-13-4950-001 Austin - 904 90.55 93.00 2.45 3.49

AND Austin - 904 102.15 106.00 3.85 5.30

Incl. 102.15 103.25 1.10 12.41

MM26D-13-4950-002

Austin - 904

87.05 92.50 5.45 6.00

Incl. 88.00 90.00 2.00 10.57

Also Incl. 91.00 91.50 0.50 11.24

AND Austin - 904 100.65 102.00 1.35 3.19

MM26D-13-4950-003 Austin - 904 87.80 92.80 5.00 3.72

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

Incl. 89.80 90.80 1.00 11.81

AND Austin - 904 99.30 102.00 2.70 5.72

AND Austin - 904 107.40 108.40 1.00 3.96

AND Austin - 904 110.95 111.50 0.55 4.60

AND

Austin - 904

114.50 120.00 5.50 12.29

Incl. 114.50 115.50 1.00 24.75

Also Incl. 119.00 119.50 0.50 66.14

MM26D-13-4950-004 Austin - 904 88.35 89.35 1.00 3.07

MM26D-13-4950-005 Austin - 904 84.00 88.20 4.20 4.40

Incl. 84.50 85.00 0.50 10.16

MM26D-13-4950-006 Austin - 904 110.70 118.00 7.30 3.35

Incl. 110.70 111.50 0.80 16.58

AND Austin - 904 124.00 126.00 2.00 8.50

MM26D-13-4950-007 Austin - 904 118.50 122.00 3.50 5.15

Incl. 119.10 119.60 0.50 19.77

MM26D-13-4950-008 Austin - 904 80.25 85.00 4.75 219.73

Incl. 83.00 84.00 1.00 1016.57

AND Austin - 904 86.20 86.85 0.65 4.72

MM26D-13-4950-009 Austin - 904 114.00 115.70 1.70 3.15

MM26D-13-4950-010 Austin - 904 78.95 81.95 3.00 5.15

AND Austin - 904 85.45 85.95 0.50 3.36

MM26D-13-4950-011 Austin - 904 87.85 89.80 1.95 6.42

MM26D-13-4950-012 Austin - 904 99.50 102.00 2.50 133.13

Incl. 100.00 101.30 1.30 155.66

AND Austin - 904 117.95 118.45 0.50 5.23

MM26D-13-4950-013 Austin - 904 No Significant Assays > 3 g/t Au

MM26D-13-4950-014 Austin - 904 90.05 90.55 0.50 3.84

MM26D-13-4950-015 Austin - 904 No Significant Assays > 3 g/t Au

MM26D-13-4950-016 Austin - 904 No Significant Assays > 3 g/t Au

MM26D-13-4950-017 Austin - 904 129.15 130.15 1.00 4.00

AND Austin - 904 133.15 133.65 0.50 3.36

MM26D-13-4950-018 Austin - 904 No Significant Assays > 3 g/t Au

MM26D-13-4950-019 Austin - 904 No Significant Assays > 3 g/t Au

MM26D-13-4950-020 Austin - 904 No Significant Assays > 3 g/t Au

MM26D-13-4950-021 Austin - 904 102.25 105.10 2.85 7.73

Incl. 102.75 103.25 0.50 33.55

MM26D-13-4950-022

Austin - 904

83.45 89.70 6.25 11.93

Incl. 84.00 84.60 0.60 23.51

Also Incl. 85.80 87.00 1.20 33.20

AND Austin - 904 95.00 96.20 1.20 3.20

MM26D-13-4950-023 Austin - 904 87.00 91.00 4.00 5.87

AND Austin - 904 113.30 116.30 3.00 3.85

MM26D-13-4950-024 Austin - 904 91.15 93.00 1.85 4.24