Mr. Ryan Kalt reports

RED LAKE GOLD INC. ANNOUNCES EXTENSION OF FINANCINGS

Under market conditions, Red Lake Gold Inc. has extended the contemplated closing period of the non-brokered common share unit financing (the HD financing) and the non-brokered flow-through unit financing (the flow-through financing) previously announced by the corporation (see news release dated Feb. 7, 2024) by a period of approximately two weeks, such that, if a closing, or tranche thereof, for either the HD financing or the flow-through financing were to occur, that such closing, as applicable, would now occur on April 4, 2024, or earlier if so done by the corporation.

In addition to the foregoing, the corporation intends to determine potential participation interest in the financings by insiders (as that term is defined by securities laws) after the filing of its audited financial statements, which are anticipated to be filed in ordinary course pursuant to regulatory timelines, being on or before April 1, 2024.

We seek Safe Harbor.