[Video Enhanced] West Red Lake Gold Satellite Drill Results Reinforce District Scale Hub & Spoke Potential

Executive Summary

• West Red Lake Gold announced high‑grade drill intercepts from the Rowan Project infill and conversion program, including 1 m @ 84.3 g/t Au and a 2 m @ 70.3 g/t Au interval.
• The results support preparation for a forthcoming combined Pre‑Feasibility Study (PFS) for the Madsen Mine and Rowan projects and reinforce confidence in expanding the district‑scale hub vision.
• Commercial production at the Madsen Mine was declared on Jan 1 2026, with Q1 2026 ore to be sourced primarily from the high‑grade 4447 area; full‑year guidance for Madsen will be issued later in H1 2026.

Key Details

• Drill Hole RLG-25-198: Vein 006b footwall – 1 m @ 84.3 g/t Au (67.35–68.35 m), visible gold.
• Drill Hole RLG-25-201: Vein 006b – 5.5 m @ 14.42 g/t Au, including 2 m @ 32.93 g/t Au (105.75–107.75 m), visible gold.
• Drill Hole RLG-25-200: Vein 018 hangingwall – 1.5 m @ 24.44 g/t Au, including 0.5 m @ 70.3 g/t Au (116.9–117.4 m), visible gold.
• Drill Hole RLG-25-196: Unmodeled vein – 2 m @ 16.05 g/t Au, including 1 m @ 31.8 g/t Au (113.15–114.15 m), visible gold.
• Intercepts are reported as down‑hole core lengths; true thickness is expected to be ≥70 % of these values.

• Prior announced intercepts (Jan 29 2026) included 141.5 g/t Au over 1 m, 55.8 g/t Au over 1 m, and 28.5 g/t Au over 1 m.

• Project Context:

• The 6,300 m diamond drill program at Rowan feeds data into mine design ahead of the planned combined PFS for Madsen and Rowan.

• The Rowan vein system is defined to ~400 m depth and remains open both down‑dip and along strike.

• Economic Background:

• July 8 2025 PEA for Rowan projected an underground mine producing ~35,230 oz Au/year over a 5‑year life at 8.0 g/t Au (diluted).

• 2025 Madsen Mine produced 20,147 oz Au at US$3,650/oz, generating US$73 M gross proceeds.

• Commercial Production:

• WRLG declared commercial production at Madsen effective Jan 1 2026; gold price has risen ~20 % since then (US$4,330 → US$5,200/oz).

• Bank of America forecasts gold near US$6,000/oz by spring 2026.

• Future Guidance:

• Full‑year production guidance for Madsen to be released later in H1 2026.
• Combined Madsen‑Rowan PFS anticipated to evaluate a unified hub targeting 100,000 oz Au/year by 2028.

Notable Quotes

• “We continue to view Rowan as a key piece in our vision for creating a district‑scale hub and spoke operation in Red Lake,” – Shane Williams, President & CEO.
• “Building a mine is not easy… It’s a marathon, not a sprint… We promised to re‑engineer it, find the ore, and bring it back into commercial production, responsibly.” – Shane Williams (Jan 22 2026 release).