WEST RED LAKE GOLD ACKNOWLEDGES TRUTH AND RECONCILIATION DAY September 30 marks the National Day for Truth and Reconciliation. The day is also recognized as Orange Shirt Day.
September 30, 2024
Vancouver, British Columbia
WEST RED LAKE GOLD ACKNOWLEDGES
TRUTH AND RECONCILIATION DAY
September 30 marks the National Day for Truth and Reconciliation. The day is also
recognized as Orange Shirt Day.
West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV:
WRLG) (OTCQB: WRLGF) acknowledges those who were lost and those who survived
residential schools, as well as their families and communities. Through implementing the
Truth and Reconciliation Corporate Calls to Action, the Company is striving to be a leader
in economic reconciliation.
“Actively working to see the truth of Canada’s treatment of First Nations and finding ways
to reconcile and heal are essential and we keenly embrace the Corporate Calls to Action
at West Red Lake Gold, ” said Shane Williams, President and CEO . “While we wear
orange as protective, reflective gear every day, the Orange T -Shirt is impactful to the
WRLG team in how it grew out of a youth led, grass roots movement to illustrate the
resilience of the survivors of residential schools , who had to fight the stripping away of
culture, freedom and self-esteem.”
The Company’s Madsen Mine and Rowan projects are within Treaty #3 and the traditional
territories of Lac Seul and Wabauskang First Nation, with whom West Red Lake Gold has
a Project Partnership Agreement in place to guide relations.
ABOUT WEST RED LAKE GOLD MINES
West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded
and focused on advancing and developing its flagship Madsen Gold Mine and the
associated 47 km 2 highly prospective land package in the Red Lake district of Ontario.
The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded
over 30 million ounces of gold fro m high -grade zones and hosts some of the world’ s
richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake,
with an expansive property position covering 31 km2 including three past producing gold
mines – Rowan, Mount Jamie, and Red Summit.
ON BEHALF OF WEST RED LAKE GOLD MINES LTD.
“Shane Williams”
Shane Williams
President & Chief Executive Officer
FOR FURTHER INFORMATION, PLEASE CONTACT:
Gwen Preston
VP 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
The decision to continue with the advancement of the Madsen Mine restart and the Company’s operations
and plans with respect thereto, as described herein (the “ Madsen Mine Restart”), are based on economic
models prepared by the Company in conjunction with management ’s knowledge of the property and the
existing estimate of indicated and inferred mineral resources on the property set out in the report entitled,
“Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine,
Canada”, with an effective date of July 31, 2022, as amended on April 24, 2024, a copy of which is available
on SEDAR+ at www.sedarplus.ca. The Madsen Mine Restart is not based on a preliminary economic
assessment, a pre-feasibility study or a feasibility study of mineral reserves demonstrating economic and
technical viability. Accordingly, there is increased uncertainty and economic and technical risks of failure
associated with the Madsen Mine Restart , in particular: the risk that mineral grades will be lower than
expected; the risk that additional ongoing mining operations are more difficult or more expensive than
expected; and the risk that production and economic variables may vary considerably, due to the absence
of a detailed economic and technical analysis undertaken in accordance with National Instrument 43-101 -
Standards of Disclosure for Mineral Projects.
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 sugg esting 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 for ward-looking information in this news release and include without
limitation, statements relating to plans for the potential restart of mining operations at the Madsen Mine, the
potential of 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 involve 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; timing and results of the cleanup and recovery at the Madsen Mine; 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 s tated
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 and 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 appropriate for other
purposes. Additional information about risks and uncertainties is contained in the Company ’s
management’s discussion and analysis for the year ended November 30, 2023, and the Company’s annual
information form for the year ended November 30, 2023, 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 forward- 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.