Mr. Ryan Kalt, a shareholder, reports

EARLY WARNING NOTICE REGARDING RED LAKE GOLD INC.

Ryan Kalt has acquired securities of Red Lake Gold Inc., being represented by the acquisition of five million common share units of the issuer (the acquired common share units) acquired on a direct and indirect basis by way of a private placement financing announced and conducted by the issuer, which closed Nov. 29, 2024 (see news release by the issuer of same date).

Total cash consideration of $250,000.00 was paid to the issuer for the acquired common share units.

As at this news release, Mr. Kalt currently owns and controls, on an aggregate direct and indirect basis, a total of 29,552,800 common shares of Red Lake Gold, representing approximately 58.82 per cent of the issuer's now issued and outstanding common shares, plus certain other convertible securities (stock options and warrants) as otherwise described in the Form 62-103F1 accompanying this news release.

Mr. Kalt is an approved control person of the issuer (as that first term is defined by the Canadian Securities Exchange).

Of the five million acquired common share units, three million acquired common share units were acquired on a direct basis and two million acquired common share units were acquired on an indirect basis through a corporate entity that is wholly owned by Mr. Kalt. Each acquired common share unit consisted of one common share and one common share purchase warrant, on the terms and conditions announced by the issuer and as set out in the Form 62-103F1 accompanying this news release.

The acquired securities so above described (being, inclusively, the acquired common share units ) were acquired by Mr. Kalt for investment purposes.

Mr. Kalt may acquire additional securities of the issuer either on the open market or through private acquisitions or sell securities of the issuer either on the open market or through private dispositions in the future depending on market conditions, reformulation of plans, and/or other relevant factors. Other than the foregoing, Mr. Kalt does not have plans or any future intentions which relate to or would result in any of the other foregoing matters .