Gold Rush 2.0: Kinross Gold’s US$1.4 Billion Red Lake Investment Sparks Renewed Interest

On behalf of West Red Lake Gold Mines Ltd

Get ready for a gold rush unlike any we’ve seen before.

Gold Price – 10 Years
Record high of ~$2,431.55 per ounce in April 2024

image17 3 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

Data Source: Trading Economics¹

Smart investors aren’t surprised.

After all, this has all happened before.

History repeats itself. And each time, gold maintains its safe haven status as the ultimate hedge.

The catalysts have been in the making for years.

From the short-term drivers: High Inflation,² Fed Rate Cuts³ and Geopolitical Conflict.⁴ to the long-term catalysts: Central Bank Buying,⁵ the Inverted Yield Curve⁶ and Debt & Money Printing.⁷

US Money Supply vs Price of Gold

image17 2 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

Source: Forbes⁸

And despite the recent rally, gold is far from its next peak.

Breaking News

The Best Kept Secret in Gold Mining: A Junior on the Verge of Potentially Lucrative Profits

Recent highs are only up about 27% from the 2020 gold run, while past gold bull runs had much bigger price gains:⁹

1969-1980: 684%
1999-2011: 425%
2015-2020: 55%

Clearly there’s still a lot of upside potential for gold.

And while gold itself is a solid investment, the real opportunity lies in gold mining stocks, which are incredibly undervalued and massively oversold.

image16 1 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest Source: Nick Laird, goldchartsrus.com, Reuters Eikon, Incrementum AG

This could mean significant gains for savvy investors who get in early, especially in hotspots like Canada’s Red Lake district.

Just ask Kinross Gold, who made a billion-dollar investment in the region.¹⁰

But Kinross is huge, expensive, and doesn’t have anywhere near the upside potential of a junior miner targeting near-term gold production in the region, like West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF).

In a Class of Their Own Among Junior Gold Miners

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) only formed in early 2023 but has already been recognized by the TSX Venture Exchange as a 2024 Top 50 Company in the Mining category.¹¹

West Red Lake Gold Mines is targeting near-term gold production with a targeted restart in 2025 at its Madsen Gold Mine in Canada’s Red Lake Gold District.

The mine is fully permitted, has historic production of 2.5 million ounces of gold,¹² and represents a significant high-grade resource of 1.65 million ounces of gold at 7.4 g/t in 6.9 million tonnes (Indicated) and 366 Koz at 6.3 g/t Au (Inferred). ¹³

image2 1 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

This company has heavyweight investors backing them, including legendary industry financier Frank Giustra, who sees big things to come for the gold market and particularly West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF), which he now owns an 11% stake in.¹⁴

image9 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) leadership team is stacked with industry pros from billion-dollar gold producers, like Eldorado Gold, Coeur Mining, Detour Gold/Agnico Eagle Mines, Endeavour Mining, and Barrick Gold.

The company’s CEO, Shane Williams, was COO of Skeena Resources when it advanced the past producing Eskay Creek Gold project toward a restart. One of their Directors, Anthony Makuch, was CEO of Kirkland Lake Gold when it increased annual gold production by over 340% from 315 Koz to over 1.4 Moz.

West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) also just closed a US$27.1 million upsized private placement.¹⁵

3 Catalysts for the Biggest Gold Bull Run Yet

Before we dive deeper into West Red Lake Gold Mines‘ (TSXV:WRLG) (OTCQB:WRLGF) story, it’s worth taking a closer look at how gold’s trajectory is providing an ideal backdrop for this upcoming producer.

Catalyst #1: Recession

There’s a growing risk for a recession in the US¹⁶ and recessions are good news for gold prices (and gold miners). During the last seven US recessions, gold returns have tended to do well, but gold equities have done even better.

image6 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest Source: Schroders¹⁷

Catalyst #2: End of Rate Hikes

With the Fed expected to hold interest rates at current levels for longer after stronger-than-expected economic data, it signals the end of rate hikes and will likely be a major driver behind gold.¹⁸

Catalyst #3: Central Bank Buying

The absolute biggest catalyst for soaring gold prices this year is gold buying, especially out of China.

In 2023, central bank net purchases of gold hit 1,037 tons, just 45 tons short of the record set in 2022.¹⁹ And China’s central bank added gold to its reserves for the 18th straight month in April.²⁰

But it’s not just China’s central bank that has continued adding to its gold reserves. Chinese consumers have also been flocking to gold at record rates.²¹

According to Gwen Preston, who analyzed the gold market for years before stepping in as VP Investors Relations with West Red Lake Gold, consumers and retail investors in China are reconsidering their financial strategies, as traditional avenues like real estate, the stock market and interest rates are no longer effective and deflation reaches its worst in 15 years.

Put it all together and it creates the perfect gold market outlook for West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) as the company marches toward near-term gold production with a targeted restart in 2025 at its Madsen Mine.

11 Criteria

for a Standout Gold Stock Opportunity

Strong Market: we’re seeing record-high gold prices with signs of major bull run

World-Class Location: High-Grade Red Lake Gold District with 30 Moz produced to date²²

Top-Tier Assets: fully permitted Madsen Mine with past production of 2.5 Moz gold²³

High-Grade Resource: 1.65 million ounces of gold at 7.4 g/t in 6.9 million tonnes (Indicated)²⁴

Advanced Infrastructure in Place: including a brand-new 800 tpd mill

Near-Term Path to Production: With permits are in place, near-term production is targeted for 2025 at Madsen Mine

Upcoming Catalysts: mine restart plan will generate lots of news flow

Backed by Prominent Investors: VanEck Gold Fund (6.5%), Sprott (23.4%), Frank Giustra (11.8%)

Robust Financial Foundation:$27.1M upsized private placement just closed²⁵

Experienced Leadership: capital markets experts and industry pros from billion-dollar gold producers

Fully Permitted: All required permits are in place, setting up a quick return to activities.

image10 2 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

Frank Giustra taking photos of visible gold
underground at the Madsen mine in July 2023

Riding the Red Lake Gold Rush

West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is located in one of the hottest gold mining regions in the world: the Red Lake Gold District.

So it’s no surprise they’re surrounded by high-grade discoveries, growing gold production, industry M&A activity, and billion-dollar gold producer neighbors that have seen major success in the district.

image11 1 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

The Red Lake Gold District has produced 30 million ounces of gold to date from high-grade zones²⁶ and hosts some of the world’s richest gold deposits.²⁷ The area also has excellent access to infrastructure, including a highway, gas and power lines, and skilled workers.

In 2020, Newmont sold its Red Lake complex to Evolution Mining for $375 million cash.²⁸ The asset’s Mineral Resource is 12.3 million ounces gold at 6.35 g/t in 60.4 million tonnes.²⁹ Guidance for FY2024 is 125,000-135,000 ounces of gold for an increase of 3.4% to 11.7% YoY. ³⁰

Evolution Mining also acquired Battle North Gold in 2021, a $343 million deal that involved several assets including the Bateman Gold Project, which contains a reserve of 3.563 million tonnes at 5.54 g/t gold, containing 635 Koz of gold.³¹

Press Releases

In 2022, Kinross paid ~US$1.4 billion to acquire Great Bear Resources and its Great Bear Project (just off the bottom of the map above).³² Since then, Kinross has added over 1 million ounces of higher-grade gold resource with the project now representing 2.8 Moz gold at 2.7 g/t measured and indicated and 3.3 million ounces gold at 4.5 g/t inferred.³³

In 2023, Pan American Silver paid $4.8 billion for Yamana Gold³⁴ with Yamana’s Canadian assets going to Agnico Eagle Mines, including the Red Lake project’s prospective land package that’s adjacent to West Red Lake Gold Mines‘ holdings around their Madsen Mine.³⁵

The table below shows how West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) shares the same region and has high-grade gold resources like these billion-dollar gold companies, but has incomparable upside potential.

tabke 4 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest dggtr Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest
*Share price and market cap taken from Yahoo Finance on May 27, 2024

Proven Ability to Identify & Capitalize on Value-Adding Opportunities

Acquiring the past-producing Madsen Mine was transformational for West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF).

Up to 1999, the Madsen Mine produced 2.5 million ounces of gold at an average grade of 9.7 g/t. In 2014, Pure Gold Mining Inc. bought the mine. Pure Gold defined high-grade resource zones, got the mine fully permitted and built the infrastructure. The company also poured first gold by the end of 2020 and started commercial production in August 2021.³⁹

As the mine’s potential continued to unfold, Pure Gold was the darling of the market for a few years, hitting a $1.15-billion-dollar market cap in their heyday.

image2 2 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

The problem was, Pure Gold prioritized a sale for the mine rather than its successful operation and its $1 billion valuation made the company an expensive takeover target. So, despite the asset’s tremendous value, the company ran out of money waiting for a buyer.

Then, Frank Giustra and his team put together a bid and West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) strategically scooped up the asset in June 2023 for just C$6.5 million cash, 40.73 million WRLG shares, a 1.0% secured Net Smelter Royalty, and US$6.8M deferred consideration.⁴⁰

According to Gwen Preston, there are four key reasons to restart the Madsen Mine:

It should make money even at a modest scale – that’s the power of high-grade mineralization, favorable metallurgy, and immense sunk capital (ie. the mine is already built).
Because it will allow West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) to find out if Madsen can become bigger
To develop credibility with investors, which powers the pursuit of additional acquisitions.
For the people of Red Lake, a mining community that I believe deserves this mine.

Check out this video to learn why Jay Martin thinks West Red Lake Gold is the “deal of the decade.”

Advancing the Madsen Gold Mine Toward 2025 Restart

Since West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) acquired the Madsen Mine, the company has been strategically moving it forward to a restart and a targeted timeline for gold production in 2025⁴¹

The nearly 80 km2 (31 sq mile) land package sits on highly prospective exploration targets, in a world class gold district, and contains what Mining.com’s staff has called one of the world’s highest-grade, undeveloped gold projects.⁴²

The asset also includes significant and expandable surface and underground infrastructure, including:

- - Brand new and expandable 800 tonne per day (tpd) processing mill
  - Brand new double ramp access to underground
  - 1,275-metre (4,183-foot) deep shaft
  - Water treatment plant
  - Excess tailings capacity

image7 1 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

Just one month after completing the acquisition of the Madsen Mine, West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) confirmed the Mineral Resource Estimate for the asset through an independent report from SRK Consulting, which includes: ⁴³

- - 1.65 million ounces of gold at 7.4 g/t in 6.9 million tonnes (Indicated)
  - 0.37 million ounces of gold at 6.3 g/t in 1.8 million tonnes (Inferred)

Since then, West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) has continued to de-risk the asset’s resource by completing additional in-fill drilling focused on near term, high-grade zones.

West Red Lake Gold Mines has already announced promising drilling results from drilling targeted at the high-grade South Austin Zone, which holds an Indicated mineral resource of 474,600 ounces grading 8.7 g/t gold, and an additional Inferred resource of 31,800 ounces at the same grade.⁴⁴

Key highlights include:

3.1 meters at 21.33 g/t gold, including 0.5m at 32.74 g/t and 1.0 meter at 28.78 g/t
9m at 6.75 g/t from 103m, with high-grade sections including 0.9m at 27.91 g/t
2.55m at 6.08 g/t from 75.45m, including 1.0 meter at 11.08 g/t.

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) also reported significant progress in its cleanup and gold recovery operations at the Madsen Mine, having discovered significant amounts of previously unaccounted for gold. This initiative has already yielded 415 ounces of gold worth approximately $750,000 from the initial recovery phase.

Encouraged by the results, West Red Lake Gold began a more thorough cleanup in early 2024, with the goal of “recovering a substantial amount of gold that was locked up in the milling circuit” by the end of May.

image1 4 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is focused on an accelerated path to target gold production in 2025 that will generate a lot of significant catalysts and milestones to announce to the market. Here are just some of what the mine restart plan includes: ⁴⁵

- - Pre Feasibility Study (PFS) by Q4 2024
  - 38,000-meter (124,672-foot) underground drill program by Q4 2024
  - 3,200 meters (10,498 feet) of underground development by Q1 2025
  - Targeting a Madsen Mine restart by Q3 2025
  - Optimizing the project to focus on sustainable cash flowing operation

Money in the Bank & Skin in the Game

West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is backed by heavyweight investors that ensure the company’s financial stability and growth potential:

image5 3 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

- - Accilent Capital Management (5.1%)
  - VanEck Gold Fund (6.5%)
  - Sprott Resource Lending Corp. (23.4%)
  - Legendary industry financier Frank Giustra (11.8%)
  - Other institutional investors (16%)

Their management and consultants have 4.3% ownership, which shows they’re also convinced West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is a smart investment.

image4 Gold Rush 2.0: Kinross Gold's US$1.4 Billion Red Lake Investment Sparks Renewed Interest

Leadership That’s Done This Before

West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) has the advantage of leadership that’s learned from past successes how to march the company forward to success.

Shane WilliamsB. Eng. M. Sc – CEO, President & Director

Former Skeena Resources COO; advanced past producing Eskay Creek Gold project toward restart
Former VP Operations and Capital Projects at Eldorado Gold; brought Lamaque Gold project from Preliminary Economic Assessment to commercial operation in just 18 months
Extensive open-pit development experience with Rio Tinto

Frank GiustraAdvisor

CEO of private equity investor Fiore Group
Involvement with large gold producers, including Wheaton River Minerals and Goldcorp
Entrepreneurial success includes founding Lionsgate Entertainment

Anthony MakuchB.Sc, P.Eng – Director

President, CEO & Director of Discovery Silver, advancing the Mexico’s Cordero Project back into production
Former CEO of Kirkland Lake Gold when they increased annual gold production by over 340% from 315Koz to 1.4Moz & merged with Agnico Eagle Mines
Former President & CEO of Lake Shore Gold Inc. until acquired by Tahoe Resources Inc.

Duncan MiddlemissDirector

Former President, CEO & Non-Independent Director of Wesdome Gold Mines Ltd.
Former Chief Mine Engineer at Barrick Gold Corp.
Former positions include Chairman for Ontario Mining Association; President, CEO & Director at St. Andrew Goldfields Ltd.; Manager-Engineering & Production at Kirkland Lake Gold, Inc.

Hugh AgroB.Sc., MBA, P.Eng. (Non-Practicing) – Director

Over 35 years of leadership and business experience in mining
President, CEO & Director of Revival Gold Inc.
Co-founded Carbon Arc Capital Investments Inc., specializing in mining and metals
Former Executive VP, Strategic Development with Kinross Gold
Former senior executive with Placer Dome and Deutsche Bank’s Global Metals and Mining Group

11 Reasons

Why West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) Should Be On Your Radar

Strong Market: we’re seeing record-high gold prices with signs of major bull run

World-Class Location: high-grade Red Lake Gold District with 30 Moz produced to date⁴⁶

Top-Tier Assets: fully permitted Madsen Mine with past production of 2.5 Moz gold⁴⁷

High-Grade Resource: 1.65 million ounces of gold at 7.4 g/t within 6.9 million tonnes (Indicated)⁴⁸

Advanced Infrastructure in Place: includes brand-new 800 tpd mill & water treatment facility

Near-Term Path to Production: targeting 2025 restart of Madsen Mine

Upcoming Catalysts: mine restart plan will generate lots of news flow

Backed by Prominent Investors: VanEck Gold Fund (6.5%), Sprott (23.4%), Frank Giustra (11.8%)

Robust Financial Foundation: $27.1M upsized private placement just closed⁴⁹

Experienced Leadership: capital markets experts and industry pros from billion-dollar gold producers

The ultimate gold bull run has already started. That’s a major wind at the back of West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) as they move their Madsen Mine toward its 2025 restart. The headlines from new gold price records and the company’s milestones should attract a lot of market attention.

If you’re interested in outstanding gold mining opportunities, keep a close eye on West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) as it may start to run away.

Disclaimer

QUICK LINKS TO PREFERRED BROKERAGES

footnotes:
[1] https://tradingeconomics.com/commodity/gold [2] https://apnews.com/article/inflation-prices-rates-economy-biden-federal-reserve-4ac316b6a435ef44c370ce7686da67c0 [3] https://www.reuters.com/markets/commodities/gold-holds-tight-range-focus-turns-us-inflation-data-2024-03-26/ [4] https://tradingeconomics.com/commodity/gold [5] https://www.bnnbloomberg.ca/gold-demand-to-hit-record-with-central-bank-buying-wgc-says-1.2028727 [6] https://nai500.com/blog/2024/02/citi-analysts-say-numerous-catalysts-could-drive-gold-price-50-higher/ [7] https://www.msn.com/en-us/money/markets/the-national-debt-level-and-gold-prices-have-a-connection-that-may-surprise-you-lear-capital-says/ar-AA1mO0Or [8] https://www.forbes.com/sites/jessecolombo/2024/03/13/heres-what-you-need-to-know-about-golds-long-term-bull-market/?sh=317d90a57aed [9] https://tavex.se/en/historical-gold-bull-runs-and-gold-price-in-the-past-100-years-with-infographic/ [10] https://www.kinross.com/news-and-investors/news-releases/press-release-details/2022/Kinross-completes-acquisition-of-Great-Bear-Resources/default.aspx [11] https://financialpost.com/globe-newswire/west-red-lake-gold-recognized-as-a-top-50-tsx-venture-exchange-company [12] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [13] https://westredlakegold.com/madsen-mine/ [14] https://www.mining.com/red-lake-camp-keeps-giving-as-frank-giustra-backed-explorer-hits-bonanza-gold/ [15] https://www.stockwatch.com/News/Item/Z-C!WRLG-3526381/C/WRLG [16] https://www.bloomberg.com/news/newsletters/2024-05-22/the-black-swan-risk-now-is-a-us-recession?embedded-checkout=true [17] https://www.schroders.com/en-us/us/individual/insights/what-could-a-us-recession-mean-for-gold-and-gold-equities/ [18] https://www.kitco.com/news/article/2024-05-21/gold-price-holding-above-2400-fed-members-reluctant-signal-rate-cuts [19] https://www.bnnbloomberg.ca/gold-demand-to-hit-record-with-central-bank-buying-wgc-says-1.2028727 [20] https://www.mining.com/web/chinas-central-bank-adds-more-gold-to-its-reserves-in-april/ [21] https://www.economist.com/china/2024/04/25/chinas-young-people-are-rushing-to-buy-gold [22] https://digigeodata.com/area/red-lake/ [23] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [24] https://westredlakegold.com/madsen-mine/ [25] https://www.stockwatch.com/News/Item/Z-C!WRLG-3526381/C/WRLG [26] https://digigeodata.com/area/red-lake/ [27] https://www.theglobeandmail.com/investing/markets/stocks/WRLG-X/pressreleases/22442097/west-red-lake-gold-announces-sprotts-investment-of-us2631463/ [28] https://www.newmont.com/investors/news-release/news-details/2020/Newmont-Completes-Sale-of-Red-Lake-and-Realizes-Cash-Proceeds-of-375-million/default.aspx [29] https://evolutionmining.com.au/wp-content/uploads/2023/11/Red-Lake-fact-sheet-FY23.pdf [30] https://evolutionmining.com.au/red-lake/ [31] https://royalgold.com/our-portfolio/development-properties/bateman-gold/default.aspx [32] https://www.kinross.com/news-and-investors/news-releases/press-release-details/2022/Kinross-completes-acquisition-of-Great-Bear-Resources/default.aspx [33] https://www.kinross.com/news-and-investors/news-releases/press-release-details/2024/Kinross-reports-2023-fourth-quarter-and-full-year-results/ [34] https://www.mining-technology.com/news/pan-american-acquires-yamana-gold/?cf-view [35] https://www.globenewswire.com/news-release/2020/02/20/1988289/0/en/yamana-gold-provides-update-on-its-generative-exploration-program-and-on-plans-to-unlock-value-from-advanced-and-advancing-exploration-projects-in-the-program-and-lay-the-foundatio.html [36] https://westredlakegold.com/madsen-mine/ [37] https://evolutionmining.com.au/reservesresources/ [38] https://s2.q4cdn.com/496390694/files/doc_financials/2023/q4/2023-AMRRS-Statement-Approved-FINAL.pdf [39] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [40] https://finance.yahoo.com/news/west-red-lake-gold-mines-110800028.html [41] https://westredlakegold.com/madsen-mine/ [42] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [43] https://www.globenewswire.com/news-release/2023/06/19/2690233/0/en/West-Red-Lake-Gold-Mines-Completes-Acquisition-of-Madsen-Gold-Project-and-Appoints-Tony-Makuch-to-Board-of-Directors.html [44] https://pressreach.com/featured-news/west-red-lake-gold-intersects-37-33-g-t-au-over-2-79m-and-5-26-g-t-au-over-9-0m-at-north-austin-zone-madsen-mine/ [45] https://financialpost.com/globe-newswire/west-red-lake-gold-provides-project-updates-and-outlines-strategic-path-forward [46] https://digigeodata.com/area/red-lake/ [47] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [48] https://westredlakegold.com/madsen-mine/ [49] https://www.stockwatch.com/News/Item/Z-C!WRLG-3526381/C/WRLG

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6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding West Red Lake Gold Mines Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to West Red Lake Gold Mines Ltd.’s industry; (b) market opportunity; (c) West Red Lake Gold Mines Ltd.’s business plans and strategies; (d) services that West Red Lake Gold Mines Ltd. intends to offer; (e) West Red Lake Gold Mines Ltd.’s milestone projections and targets; (f) West Red Lake Gold Mines Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) West Red Lake Gold Mines Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) West Red Lake Gold Mines Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute West Red Lake Gold Mines Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) West Red Lake Gold Mines Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) West Red Lake Gold Mines Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) West Red Lake Gold Mines Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of West Red Lake Gold Mines Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) West Red Lake Gold Mines Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact West Red Lake Gold Mines Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing West Red Lake Gold Mines Ltd.’s business operations (e) West Red Lake Gold Mines Ltd. may be unable to implement its growth strategy; and (f) increased competition.

Except as required by law, West Red Lake Gold Mines Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does West Red Lake Gold Mines Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither West Red Lake Gold Mines Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document.

7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of West Red Lake Gold Mines Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of West Red Lake Gold Mines Ltd. or such entities and are not necessarily indicative of future performance of West Red Lake Gold Mines Ltd. or such entities.

8) The technical information contained in articles and videos produced for this campaign has been reviewed and approved by Mr. Will Robinson, P.Geo., Vice President of Exploration and Mr. Maurice Mostert, Vice President of Technical Services at West Red Lake Gold Mines Ltd. as the Qualified Persons for the Company as defined in National Instrument 43-101.

9) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on pressreach.com constitutes advice or a recommendation.

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