22:09:58 EDT Wed 14 Oct 2026
Enter Symbol
or Name
USA
CA



Great Red Lake Gold Corp
Symbol RLGC
Shares Issued 28,369,715
Close 2026-10-14 C$ 0.88
Market Cap C$ 24,965,349
Recent Sedar+ Documents

Great Red Lake hopes to conduct Bilton-Brown fieldwork

2026-10-14 20:07 ET - News Release

Mr. Ted Yew reports

GREAT RED LAKE GOLD CORP. PROVIDES OPERATIONAL UPDATE

Great Red Lake Gold Corp. has provided an operational update as further detailed below.

Bilton-Brown

The company is pleased to announce that, in the coming weeks, subject to crew availability, it expects to undertake a field program, including prospecting, outcrop mapping, structural measurements, grab sampling and confirmation of historic showings, which have not been verified by the company, on the Bilton-Brown property. As previously announced on June 2, 2026, the company entered into an option agreement pursuant to which the company has been granted the sole, exclusive and irrevocable right and option to earn and acquire a 100-per-cent legal and beneficial interest in and to the mining claims and other mineral tenure comprising the Bilton-Brown property, subject to certain pre-existing royalty obligations and a new royalty to be granted to the optionor upon exercise of the option. The program expenditures will count toward the minimum exploration expenditures required during the first year under the terms of the option agreement.

Red Lake

During the spring and summer of 2026, the company completed an exploration program on both its optioned claims and directly owned claims. The work consisted of soil sampling, structural mapping and prospecting.

The company has decided not to make the option payment due on Oct. 10, 2026, and, as a result, both options under the option agreement have lapsed, and the option agreement has terminated. The company continues to directly own 67 cells representing 1,186 hectares in the Red Lake area.

Investor relations

The company is also pleased to announce that it has entered into a service agreement with Proactive Group Holdings, effective Oct. 14, 2026, to increase the company's investor relations outreach. The company has arranged for Proactive to conduct investor relations and promotional activity in respect of the company and its securities. Pursuant to the Proactive agreement, Proactive will provide media services, including short-form video interviews with management and written editorial articles summarizing the company's news releases, distributed through Proactive's owned media platforms and syndication network, to the company for an initial 13-month term commencing Oct. 14, 2026, and expected to end Nov. 14, 2027, which automatically renews for additional 12-month periods unless notice of non-renewal is provided by either party with at least 90 days written notice prior to the end of the then-current term.

The company will pay Proactive a total fee of $25,000, plus applicable taxes for the initial term, payable in cash, as consideration for services rendered. The compensation does not include options or any other securities of the company. The fee for any renewal term may be increased by up to the greater of the preceding 12-month Canadian CPI increase and 5 per cent. Proactive is an arm's-length party to the company, and does not have any interest, directly or indirectly, in the company or its securities, or any right or intent to acquire such an interest. Proactive retains editorial control over the content it produces.

Ted Yew, chief executive officer of the company, commented: "We are pleased to announce the planned exploration program at Bilton-Brown, which we expect to begin in the coming weeks, and look forward to continued exploration in the coming months. While the company has decided not to proceed with its option agreement in Red Lake, we continue to maintain our directly owned claims in the region and will continue to evaluate our plans for those claims while Bilton-Brown is now the company's principal exploration focus."

About Great Red Lake Gold Corp.

The company is a mineral exploration and development company. Its activities consist of acquiring, exploring and developing mineral properties. It is anticipated that the company will be mainly active in the field of mining exploration in Ontario, Canada.

We seek Safe Harbor.

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