Mr. Nicholas Koo reports

RED LAKE GOLD INC. REPORTS EXECUTIVE DEPARTURE

Ryan Kalt resigned after market close on Sept. 4, 2025, effective that same date, from his officer positions with Red Lake Gold Inc.

Mr. Kalt formerly served as the issuer's chief executive officer, president and corporate secretary.

In addition to recognizing his corporate stewardship, Red Lake Gold also expresses its appreciation to Mr. Kalt for the substantial capital investments he made into the issuer during his multiyear tenure and for his past support of the issuer's equity through open market facilities. While the issuer regrets his resignations, it extends its best wishes to Mr. Kalt for his other pursuits and endeavours.

At the present time, Red Lake Gold has not appointed any replacement officer(s) but will endeavour to seek qualified candidate(s) in due course (being those vacant positions prescribed by its listed exchange). The corporation cautions that the absence of any officer(s) may present additional near-term business and operational risks, and executive market availability is not assured.