Early Warning News Release

Executive Summary

• Acquiror Ryan Kalt sold 2,250,000 Red Lake Gold Inc. common shares (≈4.45% of the issuer’s outstanding shares) between March 6‑9, 2026 at an average price of $0.0174 per share.
• After the sale, Kalt now holds 15,335,500 common shares, representing approximately 30.34% of Red Lake Gold’s outstanding common stock (plus related warrants and options).
• The transaction was executed on open‑market facilities of the Canadian Securities Exchange (CSE) or other broker‑routed markets; no further acquisition or disposition plans were disclosed.

Key Details

• Divested securities: 2,250,000 common shares sold during March 6‑9, 2026.
• Sub‑total sold on filing date: 1,275,000 shares.
• Percentage of issuer’s outstanding shares divested: ~4.45% (based on 50,539,169 total shares).
• Average sale price: $0.0174 per common share.
• Post‑sale ownership: 15,335,500 common shares owned directly by Ryan Kalt (~30.34% of outstanding shares).
• Additional holdings: Includes related convertible instruments (common share warrants and stock options) referenced in Form 62‑103F1.
• Execution venues: Open‑market facilities of the Canadian Securities Exchange (CSE) or other broker‑routed markets.
• Future intentions: No disclosed plans to acquire or dispose of additional securities beyond what is publicly filed.

Notable Quotes

“The Acquiror may sell securities of the Issuer either on the open market or through private dispositions in the future … Other than the foregoing… the Acquiror does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.” – Ryan Kalt

Form 62‑103F1 required disclosure is available on SEDAR+.