Red Lake Gold Inc. Announces the Moray East Gold Project, Situated Adjacent to New Break Resources Ltd. and Alamos Gold Inc.

Executive Summary

• Red Lake Gold Inc. announced the acquisition of the Moray East Gold Project in Ontario, adding 203 mining claims (~4,380 ha) to its portfolio.
• The acquisition is strategically positioned adjacent to New Break Resources’ newly disclosed gold discovery and Alamos Gold’s Young‑Davidson mine area, providing exposure to a highly prospective region.
• Red Lake holds a 100% royalty‑free interest (subject only to Crown obligations) and plans future exploration contingent on funding.

Key Details

• Project Scope: 203 mining claims covering approximately 4,380 ha in the Timmins, Ontario area.
• Strategic Rationale: Adjacent to New Break Resources’ recent intercept of 4.11 g/t Au over 31.3 m (hole #5) and 3.35 g/t Au over 14.8 m (hole #4); shares a claim border with Alamos Gold’s Young‑Davidson mine region.
• Acquisition Terms: Full (100%) ownership acquired on a royalty‑free basis, subject only to Crown staking fees (paid).
• Exploration Potential: Encompasses multiple geological settings, including volcanic host rocks identified by New Break and historic syenite‑hosted zones linked to Alamos Gold. Possibility of additional intrusive bodies both exposed and buried.
• Future Work: Project will be evaluated for internal restrictions (alienations, surface notices, Crown obligations) and exploration plans will be funded as capital becomes available.
• Qualified Person: Antonio Carteri, P.Geo., independent consultant, reviewed and approved technical information per NI 43‑101.

Notable Quotes

• “The Moray East Gold Project provides us with robust exposure to a region of Ontario where a prospective and emerging discovery intercept has been recently reported and it opens exciting potential exploration opportunities for the Issuer moving forward (upon funding).” – Nicholas Koo, Chief Financial Officer, Red Lake Gold Inc.