Mr. Shane Williams reports

WEST RED LAKE GOLD INTERSECTS 113.74 G/T AU OVER 0.5M, 104.98 G/T AU OVER 0.4M AND 74.36 G/T AU OVER 0.5M AT ROWAN MINE

West Red Lake Gold Mines Ltd. has released additional drill results from the phase 1 exploration program on its 100-per-cent-owned Rowan property, located in the prolific Red Lake gold district of Northwestern Ontario, Canada (initial drill results reported on May 23, 2023).

Highlights:

• Hole RLG-23-146 intersected 2.8 metres at 20.9 grams per tonne gold, from 349.7 m to 352.5 m, including 0.5 m at 113.74 g/t Au, from 349.7 m to 350.2 m.
• Hole RLG-23-133 intersected 0.4 m at 104.98 g/t Au, from 74.85 m to 75.25 m.
• Hole RLG-23-144 intersected 0.5 m at 74.36 g/t Au, from 452.5 m to 453 m.
• Hole RLG-23-146 intersected 1.35 m at 16.34 g/t Au, from 241 m to 242.35 m, including 0.85 m at 25.8 g/t Au, from 241 m to 241.85 m.
• Hole RLG-23-145 intersected two m at 10.53 g/t Au, from 265 m to 267 m, including one m at 20.79 g/t Au, from 266 m to 267 m.

The high-grade mineralized vein zones encountered at the Rowan mine target area are in line with expectations on gold grade, confirm the geologic model and help to bolster the existing high-grade (9.2 g/t Au) 827,462-ounce inferred mineral resource at the Rowan mine.

Shane Williams, president and chief executive officer, stated: "We are delighted with the continued success our geologic team is having at the Rowan mine target. Drilling continues to intercept high-grade gold at or near projected depths, confirming our model of the Rowan vein system. This enriches our understanding of the grade continuity and gold distribution within individual vein zones. Moreover, the discovery of visible gold and mineralization in veins subsidiary to the main structures indicates much more gold in the overall system than previously believed.

"Several drill intercepts received to date have returned assay results at higher grades than those in the existing inferred resource block model. We look forward to updating the Rowan mineral resource, which currently hosts inferred resources of 827,462 ounces at 9.2 g/t gold.

"With the acquisition of the Madsen gold project, the company has secured the necessary infrastructure, potentially accelerating the production timeline for Rowan, which is situated within trucking distance from the Madsen mill."

A total of 23 diamond drill holes, totalling 6,063 m, have been completed so far in 2023 at the Rowan mine target area. Fire and metallic screen assays have been returned for 19 out of 23 holes completed, with four holes pending assays and quality assurance/quality control at the time of this writing.

An additional 1,000 m of diamond drilling planned for the phase 1 program are currently continuing and expected to be completed on target in early July, 2023. The focus of this drilling is on infill and expansion within high-grade mineralized zones at the Rowan mine resource area. Upon completion of phase 1, the company will lead directly into its phase 2 program, which will include an additional 10,000 m of drilling to further build on phase 1 exploration work and to continue derisking the high-grade Rowan mine resource.

It is the company's belief that potential synergies could exist between high-grade resources at the Rowan mine target area and Madsen. Early indications suggest that the gold mineralization at Rowan could be amenable to gravity separation. The company has initiated a metallurgical study at Rowan to begin evaluating this potential opportunity, as well as a geotechnical study to better characterize the rock mass properties within the mineralized vein zones at Rowan.

Discussion

The Rowan mine target consists of more than seven subparallel, near-vertical, east-west-trending veins that are currently defined over a strike length of approximately 1.1 kilometres -- mineralization remains open along strike and at depth. The orientation of the veins at the Rowan mine tend to follow the direction of D2 deformation, which is oriented in an east-west direction over this part of the property. Individual mineralized vein zones usually average 1.0 m to 1.5 m in thickness, with an overall thickness of the Rowan vein corridor at around 115 m. Gold mineralization is typically localized within quartz-carbonate veins hosted within and along the footwall margin of a porphyritic felsic intrusive, with increased grades often associated with the presence of visible gold and base metal sulphides (e.g. galena, sphalerite). High-grade dilation zones, or ore chutes, along the Rowan vein trend have been recognized as important controls for localizing thicker and higher-grade zones of gold mineralization. The position and geometry of these dilation zones are well understood at Rowan.

The phase 1 drilling completed at the Rowan mine target in 2023 has been focused on validating historical data across the inferred resource, and also infilling apparent gaps in the analytical data set that was a product of very selective sampling techniques implemented during previous drilling campaigns. Assay results received from the 2023 phase 1 drilling program continue to confirm the company's thesis that quartz veining and gold mineralization continue at depth and along strike, with grades consistent with, or higher than, those outlined in the current inferred mineral resource, which remains open in all directions. For example, the 100 vein zone -- which is the northernmost vein currently modelled within the overall Rowan vein corridor -- was previously interpreted to be a lower-grade portion of the block model. Recent drilling has confirmed that higher grades are present within the 100 vein zone below 150 m elevation, suggesting that gold grades are increasing at depth within this zone, which is a trend that has been observed elsewhere in the Red Lake district. Drilling at the Rowan mine target area will continue with an emphasis on infill and expansion of the existing high-grade mineral resource.

Quality assurance/quality control

Drilling completed at the Rowan property consists of oriented NQ-sized diamond drill core. All drill holes are systematically logged, photographed and sampled by a trained geologist at West Red Lake's Mount Jamie core-processing facility. Minimum allowable sample length is 0.5 m. Maximum allowable sample length is 1.5 m. Standard reference materials and blanks are inserted at a targeted 5-per-cent insertion rate. The 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, 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 West Red Lake personnel directly to SGS Natural Resources' facility in Red Lake, Ont., for assay.

Samples are then prepped by SGS, which consists of drying at 105 C and crushing to 75 per cent passing two millimetres. A riffle splitter is then utilized to produce a 500 g course reject for archive. The remainder of the sample is then pulverized to 85 per cent passing 75 micrometres, from which 50 g are analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish. Samples returning gold values greater than five g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50 g sample. 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 digestion with an atomic emission spectroscopy (ICP-AES) finish for 33-element analysis on 0.25 g sample pulps (SGS code GE_ICP40Q12). SGS Natural Resources' analytical laboratories operate under a quality management system that complies with ISO/IEC 17025.

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, the qualified person for exploration at the West Red Lake project, as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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-kilometre, highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake gold district of Northwest 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 expansive property position covering 31 square kilometres, including three past-producing gold mines -- Rowan, Mount Jamie and Red Summit.

We seek Safe Harbor.