Mr. Shane Williams reports

WEST RED LAKE GOLD ANNOUNCES UPSIZE TO PREVIOUSLY ANNOUNCED BOUGHT DEAL PUBLIC OFFERING TO $36 MILLION

West Red Lake Gold Mines Ltd., as a result of strong investor demand, has entered into an agreement with Raymond James Ltd., as sole underwriter, to increase the size of its previously announced bought-deal financing. West Red Lake will now issue 32,632,000 common shares of the company at a price of 95 cents per common share for gross proceeds of $31,000,400. The offering of 3.76 million charity-flow through shares at a price of $1.33 per charity flow-through share remains unchanged. In aggregate, gross proceeds will now be $36,001,200.

The company has agreed to grant Raymond James an overallotment option to purchase up to an additional 15 per cent of the aggregate number of common shares at the common share issue price, exercisable in whole or in part at any time for a period ending 30 days from the closing of the offering.

In all other respects, the terms of the offering, including the use of proceeds therefrom, will remain as previously disclosed in the original news release dated Sept. 15, 2025.

About West Red Lake Gold Mines Ltd.

West Red Lake is a gold development and mining company that is publicly traded and focused on its flagship Madsen gold mine and the associated 47-square-kilometre 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 also holds the wholly owned Rowan property in Red Lake, with an property position covering 31 square kilometres, including three past-producing gold mines -- Rowan, Mount Jamie and Red Summit.

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