Mr. Nicholas Koo reports

RED LAKE GOLD INC. FILES COMPREHENSIVE VALUATION REPORT ON THE WHIRLWIND JACK GOLD PROJECT, PROVIDES MARKET ACTIVITY UPDATE

Red Lake Gold Inc. has provided a corporate update related to its Whirlwind Jack gold project.

Comprehensive valuation report

Further to the news release of June 27, 2025, Red Lake Gold engaged an arm's-length advisory firm to independently evaluate the fair market value of its Whirlwind Jack gold project.

The issuer has received the results of that process from the retained advisory firm (Evans & Evans Inc.) by way of a comprehensive valuation report entitled, "Comprehensive Valuation Report On the Whirlwind Jack Gold Project, Red Lake Mining Division, Northwestern Ontario," dated Sept. 3, 2025.

The corporation has made publicly available a full copy of the Whirlwind Jack valuation report by posting it today to SEDAR+, where it may be viewed under the issuer's profile by any party which is interested.

Market activity update

Prior to receiving the Whirlwind Jack valuation report, the issuer conducted, in the course of its operations, certain market canvass activities related to seeking a potential arm's-length buyer and/or arm's-length joint venture partner for the Whirlwind Jack gold project and/or the issuer.

The corporation's canvassing efforts, including those efforts made recently, did not generate interest from the regionally prominent reporting issuers approached.

We seek Safe Harbor.