Mr. Ryan Kalt, a shareholder, reports

EARLY WARNING NEWS RELEASE

Ryan Kalt has divested certain securities of Red Lake Gold Inc., on an indirect basis, being represented by the sale of 2,479,000 common shares during the inclusive period of Feb. 20, 2026, to Feb. 23, 2026. Within said sale period, a subtotal of 1,629,000 common shares were sold on Feb. 23, 2026, resulting in the herein referenced Form 62-103F1 and this related news release.

As of this news release, the acquiror currently owns and controls, on an aggregate direct and indirect basis, 23,356,500 common shares of the issuer, representing approximately 46.21 per cent of the issuer's currently issued and outstanding common shares, plus certain other convertible instruments (being common share warrants and common share stock options), all of the same being further described and referenced hereby through the Form 62-103F1 filed today (on SEDAR+) as relates to this news release.

The divested securities represent 4.91 per cent of the outstanding common shares of the issuer (based on the issuer having 50,539,169 common shares issued and outstanding as at the date hereof).

The divested securities were sold in the sale period through the open-market facilities of the Canadian Securities Exchange, or such other broker-routed public exchange, at an approximate average sale price of 1.84 cents per common share.

The acquiror may sell securities of the issuer either on the open market or through private dispositions in the future, or may acquire securities of the issuer either on the open market or through private acquisitions in the future depending upon market conditions, the acquiror's investment objectives and/or other relevant factors. Other than the foregoing and/or as publicly filed, the acquiror does not have plans or any future intentions which relate to or would result in any of the other foregoing matters.