West Red Lake Gold Mines Ltd. announce the arrival of a second underground diamond drill at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. In response to the recent drilling success at the newly defined North Austin zone, a second diamond drill has been added at Madsen to continue growing and de-risking this high-priority, near-mine resource area. Based on positive results from recent underground drilling programs at Madsen, two near-mine expansion areas - North and South Austin - have been prioritized for immediate expansion and infill drilling.

The two focus areas sit adjacent to existing underground development marking them both as high caliber targets that could potentially be developed early during future mine restart and production. It?s important to note that successful drilling in these areas is expected to add growth to the existing Madsen resource, bringing new ounces onto the books in areas not previously mined. 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. Drilling completed underground at the Madsen Mine consists of BQ-sized diamond drill core for definition drill programs and oriented NQ-sized diamond drill core for exploration focused drilling. All drill holes are systematically logged, photographed, and sampled by a trained geologist at the Madsen Mine core processing facility.

Minimum allowable sample length is 0.5m. Maximum allowable sample length is 1.5m. Control samples (certified standards and uncertified blanks), along duplicates, are inserted at a target 5% insertion rate.

Results are assessed for accuracy, precision, and contamination on an ongoing basis. The BQ-sized drill core is whole core sampled. The NQ-sized drill core is then cut lengthwise utilizing a diamond blade core saw along a line pre-selected by the geologist.

To reduce sampling bias, the same side of drill core is sampled consistently utilizing the orientation line as reference. For those samples containing visible gold (?VG?), a trained geologist supervises the cutting/bagging of those samples, and ensures the core saw blade is ?cleaned? with a dressing stone following the VG sample interval.

Bagged samples are then sealed with zip ties and transported by Madsen Mine personnel directly to SGS Natural Resource?s Facility in Red Lake, Ontario for assay. Samples are then prepped by SGS, which consists of drying at 105°C and crushing to 75% passing 2mm. A riffle splitter is then utilized to produce a 500g course reject for archive.

The remainder of the sample is then pulverized to 85% passing 75 microns from which 50g is analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish (SGS Code GO-FAA50V10). Samples returning gold values > 100 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50g sample (SGS Code GO_FAG50V). Samples with visible gold are also analyzed via metallic screen analysis (SGS code: GO_FAS50M).

For multi-element analysis, samples are sent to SGS?s facility in Burnaby, British Columbia and analyzed via four-acid digest with an atomic emission spectroscopy (ICP-AES) finish for 33-element analysis on 0.25g sample pulps (SGS code: GE_ICP40Q12). SGS Natural Resources analytical laboratories operates under a Quality Management System that complies with ISO/IEC 17025. The Madsen Mine deposit presently hosts a National Instrument 43-101 (?NI 43-101?) Indicated resource of 1.65 million ounces (?Moz?) of gold grading 7.4 g/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au.

Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. 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.

The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report.