Mr. Shane Williams reports

WEST RED LAKE GOLD ACCELERATES DEFINITION DRILL PROGRAM AT NORTH AUSTIN

A second underground diamond drill has arrived at West Red Lake Gold Mines Ltd.'s 100-per-cent-owned Madsen mine located in the Red Lake gold district of Northwestern Ontario, Canada.

In response to the recent drilling success at the newly defined North Austin zone, a second diamond drill has been added at Madsen to continue growing and derisking this high-priority, near-mine resource area.

Based on positive results from recent underground drilling programs at Madsen, two near-mine expansion areas -- North and South Austin -- have been prioritized for immediate expansion and infill drilling. The two focus areas sit adjacent to existing underground development, marking them both as high-calibre targets that could potentially be developed early during future mine restart and production. It is important to note that successful drilling in these areas is expected to add growth to the existing Madsen resource, bringing new ounces onto the books in areas not previously mined.

Shane Williams, president and chief executive officer, stated: "The addition of a second underground drill at Madsen will expedite our efforts in derisking the resource and building a runway of high-confidence minable inventory that will be critical during restart of mining operations. The North and South Austin zones have already demonstrated potential for grade and continuity, and our team looks forward to continuing to advance these two high-priority areas simultaneously with the underground drilling program."

Previously announced highlights on the North and South Austin drilling:

• West Red Lake Gold intersects 27.15 grams per tonne (g/t) gold (Au) over 10.28 metres and 22.31 g/t Au over 8.5 m at North Austin zone -- Madsen mine (Nov. 21, 2023);
• West Red Lake Gold intersects 47.44 g/t Au over 3.2 m, 21.64 g/t Au over seven m and 296.83 g/t Au over one m at South Austin zone -- Madsen mine (Dec. 5, 2023);
• West Red Lake Gold intersects 9.15 g/t Au over 3.3 m and 10.66 g/t Au over 2.6 m at North Austin zone -- Madsen mine (Feb. 7, 2024);
• West Red Lake Gold intersects 25.12 g/t Au over 5.5 m, 39.46 g/t Au over two m and 18.60 g/t Au over four m at South Austin zone -- Madsen mine (March 4, 2024).

Since underground drilling resumed in early January, 2024, the company has completed 3,671 m of expansion drilling and 2,916 m of definition drilling. In total, 65 diamond drill holes for 6,587 m have been completed so far in 2024 at the Madsen mine.

Quality assurance/quality control

Drilling completed underground at the Madsen mine consists of BQ-sized diamond drill core for definition drill programs and oriented NQ-sized diamond drill core for exploration focused drilling. All drill holes are systematically logged, photographed and sampled by a trained geologist at the Madsen mine core processing facility. Minimum allowable sample length is 0.5 m. Maximum allowable sample length is 1.5 m. Control samples (certified standards and uncertified blanks), along with duplicates, are inserted at a target 5-per-cent insertion rate. Results are assessed for accuracy, precision and contamination on a continuing basis. The BQ-sized drill core is whole core sampled. The NQ-sized drill core is then cut lengthwise utilizing a diamond blade core saw along a line preselected by the geologist. To reduce sampling bias, the same side of drill core is sampled consistently utilizing the orientation line as reference. For those samples containing visible gold (VG), a trained geologist supervises the cutting/bagging of those samples, and ensures the core saw blade is cleaned with a dressing stone following the VG sample interval. Bagged samples are then sealed with zip ties and transported by Madsen mine personnel directly to SGS Natural Resource's facility in Red Lake, Ont., for assay.

Samples are then prepped by SGS, which consists of drying at 105 degrees and crushing to 75 per cent passing two mm. A riffle splitter is then utilized to produce a 500-gram course reject for archive. The remainder of the sample is then pulverized to 85 per cent passing 75 microns from which 50 grams is analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish (SGS code GO-FAA50V10). Samples returning gold values greater than 100 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50-gram sample (SGS code GO_FAG50V). Samples with visible gold are also analyzed via metallic screen analysis (SGS code GO_FAS50M). For multielement analysis, samples are sent to SGS's facility in Burnaby, B.C., and analyzed via four-acid digest with an atomic emission spectroscopy (ICP-AES) finish for 33-element analysis on 0.25-gram sample pulps (SGS code GE_ICP40Q12). SGS Natural Resources analytical laboratories operates under a quality management system that complies with ISO/IEC 17025.

The Madsen mine deposit presently hosts a National Instrument 43-101 indicated resource of 1.65 million ounces of gold grading 7.4 g/t Au and an inferred resource of 370,000 oz of gold grading 6.3 g/t Au. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of $1,800 (U.S.)/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada," prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. The Madsen resource estimate has an effective date of Dec. 31, 2021, and excludes depletion of mining activity during the period from Jan. 1, 2022, to the mine closure on Oct. 24, 2022, as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the company's website and on SEDAR+.

The technical information presented in this news release has been reviewed and approved by Will Robinson, PGeo, vice-president of exploration for West Red Lake Gold and the qualified person for exploration at the West Red Lake project, as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

Marketing campaign service agreement

The company has entered into a service agreement with Native Ads Inc., dated March 28, 2024, pursuant to which Native Ads will provide a marketing campaign for a total retainer of up to $150,000 (U.S.), with a term of up to 24 months, or until the retainer is depleted. Under the agreement, Native Ads will execute a comprehensive digital media advertising campaign for the company, where approximately 75 per cent of the campaign budget will be allocated to cost-per-click costs, media buying and content distribution, and search engine marketing. The remaining budget will be allocated for content creation, web development, advertising creative development, search engine optimization, campaign optimization, and reporting and data insights services. Native Ads is a full-service advertising agency based out of New York and Vancouver, B.C. Native Ads and its principal Jon Malach are arm's-length to the company and hold no interest, directly or indirectly, in the securities of the company or any right to acquire such an interest. The engagement of Native Ads is subject to the approval of the TSX Venture Exchange.

About West Red Lake Gold Mines Ltd.

West Red Lake Gold Mines is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen gold mine and the associated 47 square km highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake gold district of Northwestern Ontario, Canada, has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world's richest gold deposits. West Red Lake Gold also holds the wholly owned Rowan property in Red Lake, with an expansive property position covering 31 square kilometres, including three past-producing gold mines -- Rowan, Mount Jamie and Red Summit.

We seek Safe Harbor.