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WRLG.V ·

West Red Lake Gold Upgrades to OTCQX Best Market

Listings & Exchange

December 22, 2025

Vancouver, BC

West Red Lake Gold Upgrades to OTCQX Best Market

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

WRLG) (OTCQX: WRLGF) is pleased to announce it has qualified to trade on the OTCQX® Best

Market.

West Red Lake Gold Mines begins trading today on the OTCQX under the symbol “WRLGF.”

Investors based in the United States can find current financial disclosure and Real-Time Level 2

quotes for the Company on www.otcmarkets.com.

The OTCQX Market is designed for established, investor-focused U.S. and international

companies. To qualify for OTCQX, companies must meet high financial standards, follow best

practice corporate governance, and demonstrate compliance with applicable securities laws.

Graduating to the OTCQX Market marks an important milestone for companies, enabling them

to demonstrate their qualifications and build visibility among U.S. investors.

“We welcome this graduation to the OTCQX, a platform that will give investors greater access

to West Red Lake Gold,” said Shane Williams, President and CEO. “We are within sight of

commercial production at the Madsen Mine and are excited to make the transition from gold

developer to gold producer in 2026.”

About WEST RED LAKE GOLD MINES LTD.

West Red Lake Gold Mines Ltd. is a gold exploration and development company that is publicly

traded and focused on its flagship Madsen Gold Mine and the associated 47 km2 highly

prospective land package in the Red Lake Gold District of Ontario. The highly productive Red

Lake Gold District has yielded over 30 million ounces of gold from high-grade zones and hosts

some of the world's richest gold deposits. WRLG is also advancing its wholly owned Rowan

Property towards production as a complementary gold mining operation in Red Lake.

ON BEHALF OF WEST RED LAKE GOLD MINES LTD.

“Shane Williams”

Shane Williams

President & Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Gwen Preston

Vice President Communications

Tel: (604) 609-6132

Email: [email protected] or visit the Company’s website

at https://www.westredlakegold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of

this release.

CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION

Certain statements contained in this news release may constitute “forward-looking information”

within the meaning of applicable securities laws. Forward -looking information generally can be

identified by words such as “anticipate”, “expect”, “estimate”, “forecast”, “planned”, and similar

expressions suggesting future outcomes or events. Forward -looking information is based on

current expectations of management; however, it is subject to known and unknown risks,

uncertainties and other factors that may cause actual results to differ materially from the

forward-looking information in this news release and include without limitation, statements

relating to the potential production of mining operations at the Madsen Mine; any untapped

growth potential in the Madsen deposit or Rowan deposit; and the Company’s future objectives

and plans. Readers are cautioned not to place undue reliance on forward-looking information.

Forward-looking information involves numerous risks and uncertainties and actual results might

differ materially from results suggested in any forward -looking information. These risks and

uncertainties include, among other things, market volatility; the state of the financial markets for

the Company’s securities; fluctuations in commodity prices; and changes in the Company’s

business plans. Forward -looking information is based on a number of key expectations and

assumptions, including without limitation, that the Company will continue with its stated business

objectives and its ability to raise additional capital to proceed. Although management of the

Company has attempted to identify important factors that could cause actual results to differ

materially from those contained in forward-looking information, there may be other factors that

cause results not to be as anticipated, estimated or intended. There can be no assurance that such

forward-looking information will prove to be accurate, as actual results an d future events could

differ materially from those anticipated in such forward-looking information. Accordingly, readers

should not place undue reliance on forward -looking information. Readers are cautioned that

reliance on such information may not be appr opriate for other purposes. Additional information

about risks and uncertainties is contained in the Company’s management’s discussion and

analysis for the year ended December 31, 2024, and the Company’s annual information form for

the year ended December 31, 2024, copies of which are available on SEDAR+ at

www.sedarplus.ca.

The forward -looking information contained herein is expressly qualified in its entirety by this

cautionary statement. Forward-looking information reflects management’s current beliefs and is

based on information currently available to the Company. The forw ard-looking information is

made as of the date of this news release and the Company assumes no obligation to update or

revise such information to reflect new events or circumstances, except as may be required by

applicable law.

For more information on the Company, investors should review the Company’s continuous

disclosure filings that are available on SEDAR+ at www.sedarplus.ca.