Mr. Shane Williams reports

WEST RED LAKE GOLD DEFINES NEW HIGH-GRADE SHOOT AT UPPER 8 TARGET - MADSEN PROPERTY

West Red Lake Gold Mines Ltd. has released additional drill results from the Upper 8 target at its 100-per-cent-owned Madsen property located in the Red Lake gold district of Northwestern Ontario, Canada.

These results follow up on the significant Upper 8 intercepts previously announced on Oct. 2, 2024, where drilling returned 44.17 grams per tonne gold over 1.3 metres and 20.63 g/t Au over 0.5 m.

Upper 8 highlights:

• Hole WRL24-017 intersected 1.5 m of 21.44 g/t Au, from 297.7 m to 299.2 m, including 0.5 m of 52.17 g/t Au, from 298.2 m to 298.7 m; this high-grade 0.5 m interval is complemented by approximately 30 specks of visible gold.
• Hole WRL24-021 intersected two m of 7.41 g/t Au, from 340.25 m to 342.25 m, including 0.5 m of 23.74 g/t Au, from 340.25 m to 340.75 m.
• West Red Lake Gold has now successfully defined a new ore shoot at Upper 8 that is approximately 30 m wide and 130 m along plunge; this new zone of mineralization remains open at depth.
• The plunge line on the Upper 8 ore shoot has been constrained to an orientation at approximately 110 degrees/minus-40 degrees (azimuth/plunge), which is very similar to the orientation of the deeper 8 zone deposit; this increases West Red Lake Gold's confidence in the potential to grow Upper 8 downplunge with additional drilling.

Shane Williams, president and chief executive officer, stated: "The initial results we received from Upper 8 were very encouraging and motivated our team to add a second drill to focus solely on this new high-grade area. Upper 8 was already a shallow geologic analogue to the deeper 8 zone, but, with the exceptional grades and visible gold showings we're now encountering, this target is becoming truly reminiscent of the high-grade gold mineralization Red Lake is known for. It's still early days, but we believe the Upper 8 target has the potential to become the next new significant discovery in the Red Lake gold camp and supports the likelihood for the presence of more high-grade deposits like 8 zone yet to be discovered across the Madsen property."

The drill results featured in this news release are focused on the Upper 8 target, which is a shallower geologic analogue to the well-known high-grade 8 zone. The Upper 8 target is hosted within the same lithologic unit (Russet Lake ultramafic) approximately 750 m up-plunge from the main 8 zone deposit. Its location in ultramafic rocks, its style of mineralization and its exceptionally high grades make the 8 zone geologically unique from the main Madsen deposit. The 8 zone currently contains an indicated mineral resource of 87,700 ounces grading 18 g/t gold, with an additional inferred resource of 18,200 ounces grading 14.6 g/t Au.

Discussion

Drilling on the Upper 8 target is designed to test the projected, near-surface extension of the mineralized shear corridor that hosts the highly prospective 8 zone. The Upper 8 target horizon was intercepted in only a few historic drill holes, which encountered a zone of strong shearing, alteration and quartz veining equivalent to 8 zone style mineralization.

The Upper 8 shear domain is hosted within the Russet Lake ultramafic, which also hosts the 8 zone deposit, and the angle of shear emplacement of Upper 8 is sympathetic to the structural orientation observed at 8 zone. Recognition that the gold mineralization at the Upper 8 target comprises transposed quartz veinlets within a definable and recognizable shear corridor provides excellent opportunity for additional drilling and expansion potential.

Recent drilling on the Upper 8 target by West Red Lake Gold has shown that gold mineralization is similar in geological setting and style as the deeper 8 zone deposit. Elevated gold at Upper 8 is shown to occur within deformed and recrystalized blue-grey quartz and quartz-sulphide veinlets. These veinlets are hosted within shear domains, which are easily recognizable by their locally intense deformation fabrics, and the presence of silica, biotite, potassium feldspar and amphibole alteration.

A spatial association with mafic intrusives (Russet Lake mafic intrusives (RSMI)) has also been recognized, which is interpreted as being a more mafic equivalent to the spatial association seen at Madsen between mineralized domains and quartz-porphyry (QZPY) dikes. At Upper 8, the high-grade vein zones tend to be positioned footwall to the RSMI units. This spatial relationship between gold mineralization and syn-contemporaneous intrusives has been well documented at other significant deposits in the Red Lake district (for example, Madsen, Rowan and F2/Bateman).

Madsen mine prefeasibility study (PFS) update

The PFS for the Madsen mine is nearing completion. The final phase of this study involves optimizing underground development and infrastructure sequencing and refining the associated operating and capital costs. West Red Lake Gold is working with SRK Consulting on these optimization opportunities, a process that is expected to take an additional few weeks to complete. As such the PFS is now targeted for release early in 2025.

Change of year-end

The company also announces that it has changed its fiscal year-end from Nov. 30 to Dec. 31.

Quality assurance/quality control

Exploration drilling completed on surface at the Madsen mine consists of oriented NQ-sized diamond drill core. 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 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-gram coarse reject for archive. The remainder of the sample is then pulverized to 85 per cent passing 75 microns, from which 50 g are analyzed by fire assay and an atomic absorption spectroscopy (AAS) finish (SGS code GO-FAA50V10). Samples returning gold values greater than 10 g/t Au are reanalyzed by fire assay with a gravimetric finish on a 50 g sample (SGS code GO_FAG50V). Samples with visible gold or returning gold values greater than 30 g/t Au are also analyzed by metallic screen analysis (SGS code GO_FAS50M). For multielement analysis, samples are sent to SGS's facility in Burnaby, B.C., and analyzed by 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 operate under a quality management system that complies with ISO/IEC 17025.

The Madsen mine deposit presently hosts a National Instrument 43-101, Standards of Disclosure for Mineral Projects, indicated resource of 1.65 million ounces of gold grading 7.4 g/t Au and an inferred resource of 37,000 ounces 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 per ounce. 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, and amended April 24, 2024. 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 Madsen report. A full copy of the Madsen 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 NI 43-101, Standards of Disclosure for Mineral Projects.

About West Red Lake Gold Mines Ltd.

West Red Lake Gold 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 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.

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