Exploring Untapped Potential in Junior Gold Mining Stocks

On behalf of West Red Lake Gold Mines Ltd

It’s not every day we see a gold bull run quite as spectacular as this.

Everyone knows that gold shines the brightest when the world is uncertain… but this year it’s been on fire.

Despite a short-lived selloff following the US election, gold is still up 32% in the last year.

image3 Exploring Untapped Potential in Junior Gold Mining Stocks Source: Goldprice.org (December 9, 2024)¹

According to Sprott Asset Management selling pressure is “running out of steam,” with bullish momentum building once again.²

Goldman Sachs sees gold prices reaching $3,150 per ounce by this time next year,³ while Bank of America is calling for $3000 gold for the second half of 2025.⁴

What’s driving this surge?⁵

- - Renewed demand from China’s central bank, resuming purchases after a six-month hiatus.⁶
  - Middle East instability driving a flight to safe-haven assets.⁷
  - The prospect of further Fed rate cuts, fueling a weaker dollar and boosting gold’s appeal.⁸

But while the metal is soaring, gold mining stocks are still significantly undervalued, offering even greater upside potential.

image10 Exploring Untapped Potential in Junior Gold Mining Stocks Chart Source: Mining.com⁹

“In our opinion, the investment case for gold mining equities is clear and compelling… Gold mining stock valuations are the lowest in 25 years.”

– John Hathaway, CFA Managing Partner, Sprott Inc.¹⁰

So, why are gold stocks undervalued and what could ignite the breakout?

High interest rates triggered a gold sell-off, with Western investors unloading 30 million ounces over the past four years.¹¹

Meanwhile, Chinese investors rotated into gold, pushing the metal’s price higher but leaving gold stocks undervalued.

image12 Exploring Untapped Potential in Junior Gold Mining Stocks Chart Source: Mining.com¹²

Now, the landscape is shifting. Falling rates, political uncertainty, and economic fears are drawing Western investors back to gold, driving prices higher. And gold stocks, still lagging behind, present a unique opportunity.

The last time gold mining stocks were this undervalued was in 2015, when profit margins were at a slim 12%.

Today, profit margins are nearing 40%,¹³ setting the stage for a massive breakout.

After all, gold stocks have historically demonstrated greater gains than physical gold during bull markets.¹⁴

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

That brings us to West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF), a junior miner poised for near-term gold production in one of the richest gold belts in the world.

Breaking News

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

Riding the Golden Runway Towards a Targeted Restart in 2025

West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is moving toward gold production with a targeted restart in 2025 at its Madsen Gold Mine in Canada’s Red Lake Gold District.

That puts them on a short and desirable list since very few gold companies are starting an initial mine or significantly increasing their production over the next 12 months.

It also means West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) – as a developer for now – is trading at a substantial discount to producers.

image11 Exploring Untapped Potential in Junior Gold Mining Stocks Source: West Red Lake Gold Mines¹⁵

West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) 1.65-million-ounce Madsen Mine sits on a nearly 80 km2 (31 sq mile) land package with highly prospective exploration targets, in a world class gold district, and contains what Mining.com has called one of the world’s highest-grade, undeveloped gold projects.¹⁶

The mine is fully permitted, has historic production of 2.5 million ounces of gold,¹⁷ and represents a significant high-grade resource of 1.65 million ounces (Moz) of gold (Au) at 7.4 g/t in 6.9 million tonnes (Indicated) and 366 Koz at 6.3 g/t Au (Inferred).¹⁸

image13 Exploring Untapped Potential in Junior Gold Mining Stocks

But the real story is how close this project is to production – and how few investors realize it.

A pivotal moment is fast approaching for the Madsen Mine as West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) prepares to release its Pre-Feasibility Study (PFS) in January 2025.

This study will bring immense clarity to the restart plan by solidifying the roadmap, refining the mine plan, and confirming just how close West Red Lake Gold Mines is to delivering on its production target.

The path forward is clear and a C$68 million financing package was recently announced to fully fund the project into production,¹⁹ underscoring the confidence in Madsen’s future.

The team has carefully calculated what is needed to transition the mine into a near-term production story, demonstrating both foresight and strategic planning.

And West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is wasting no time.

Drilling, underground development, and test mining are all underway, building toward the company’s ambitious H2 2025 production target.

When the PFS confirms Madsen’s short trajectory to being a producer, this project will officially move into the “near-term production” category, ready to deliver gold and significant returns.

With heavyweight backers like legendary industry financier Frank Giustra, who owns a 9.4% stake,²⁰ and a leadership team of industry pros from billion-dollar gold producers, West Red Lake Gold Mines (TSXV:WRLG) (OTCQB:WRLGF) is quickly transforming Madsen into a producing gold mine.

The company’s CEO, Shane Williams, was COO of Skeena Resources when it advanced the past producing Eskay Creek Gold project toward a restart. Before that Williams was VP of Operations at Eldorado Gold, where he led builds of mines in Quebec, Turkey, and Greece. 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.²¹

It takes time, expertise, and cash to start up a mine, even one that has lots of infrastructure already in place.

The Madsen Mine is buzzing with activity, and West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) steady stream of updates proves it.

Underground drilling is in full swing, as the team sharpens the definition of its high-grade gold deposit ahead of production. Meanwhile, two surface rigs spent H2 2024 hunting for new discoveries, expanding the mine’s potential with every turn of the drill.

Preparations for full-scale operations are ramping up, with crews blasting a 1.2-km tunnel, restarting the mill, and building key infrastructure to support future production.

This isn’t just progress—it’s momentum. Every milestone brings West Red Lake Gold Mines closer to turning its vision of near-term gold production into a reality.

8 Key Traits

That Define a High-Potential Gold Stock Opportunity

1 Strong Market: gold prices are up 32%+ in the last year²² and forecast to hit $3000 in 2025²³

2 World-Class Location: Situated in Red Lake, one of the most prolific high-grade gold districts in Canada with over 30 Moz produced to date.²⁴

3 Top-Tier Assets: The fully permitted Madsen Mine boasts past production of 2.5 Moz gold²⁵ and a high-grade resource of 1.65 Moz at 7.4 g/t gold.²⁶

4 Advanced Infrastructure in Place: modern 800 tonne-per-day mill and key infrastructure already in place

5 Near-Term Path to Production: Madsen Mine restart targeted for 2025

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

7 Robust Financial Foundation: C$68M financing package announced to fully fund the Madsen Mine restart²⁷

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

Why Near-Term Producers are the Biggest Winners

In gold mining, timing is everything.

The Lassonde Curve—a roadmap for how mining projects typically grow in value—shows that the most significant opportunities arise as companies transition from development into production.

It’s during this “golden runway” phase that substantial stock price appreciation happens—sometimes by double or even triple digits—as big money flows in to capitalize on the transition from development to production.

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) exemplifies this potential. Unlike many projects that spend decades navigating discovery, permitting, and financing, they’re already past those hurdles.

image2 Exploring Untapped Potential in Junior Gold Mining Stocks With the Madsen Mine targeting production in 2025, the company is rapidly moving toward becoming a fully financed gold producer.

Not many investors realize just how rare this opportunity is. Less than 1 in 10,000 exploration projects ever becomes a producing mine, making near-term producers like West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) stand out.

Right now, the company’s share price and market cap remains lower than its peers, representing significant upside potential as milestones like the Pre-Feasibility Study (PFS) and mine restart drive its valuation higher.

Just take a look at other gold miners that have seen significant appreciation as they transition into production:

- - Artemis Gold: Up 225% since June 2023 as it nears production at its Blackwater Mine in British Columbia, Canada.²⁸
  - SilverCrest Metals: After putting the Las Chispas Mine in Mexico into production in Nov 2022, SILV shares skyrocketed 89%, resulting in a $1.7 billion buyout in October²⁹
  - G Mining Ventures: Up 279% since beginning construction at the Tocantinzinho Gold Project in Brazil.³⁰ The company poured its first gold in July 2024, further boosting investor confidence.
  - Perseus Mining: Saw strong stock price appreciation leading up to its first gold pour at the Yaouré Gold Mine in Côte d’Ivoire in December 2020 and continued gains in 2021 and 2022 as it ramped up production.³¹

These examples highlight how production milestones can transform undervalued gold stocks into breakout success stories.

1 12 Exploring Untapped Potential in Junior Gold Mining Stocks

Press Releases

West Red Lake Gold Mines: Fully Financed and Nearing Production at Madsen Mine

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is making significant strides toward restarting gold production at its Madsen Mine, a 1.65-million-ounce project located in a world-class gold district.

With infrastructure already in place—including a brand-new double ramp access, a 1,275-meter (4,183-foot) deep shaft, and a water treatment plant—the company is well on its way to achieving its goal of restarting production in 2025.

image9 Exploring Untapped Potential in Junior Gold Mining Stocks

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is no longer just a dream to put a mine into production—it’s a fully financed near-term gold producer.

The company’s recent C$68 million financing package announcement has the Madsen Mine fully funded through restart and into commercial production.³⁷

West Red Lake Gold’s leadership worked strategically to secure this capital during a period when many junior mining companies struggled to raise funds.

This package not only reflects the confidence of smart institutional investors, including major funds that specialize in low-risk, high-leverage gold plays, but also highlights the strong upside potential of the Madsen Mine.

With this funding in place, West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) expects to complete these key milestones over the next 6 to 12 months, putting the company on an accelerated path towards its target of producing gold in 2025.³⁸

The proceeds will fund critical milestones, including:

- - Completion of the Pre-Feasibility Study (PFS) in January 2025, which will solidify the mine’s economics.
  - Ongoing test mining, providing essential data for grade reconciliation and production planning.
  - Key infrastructure projects, such as mill restart and commissioning, and constructing a camp and maintenance facilities. Targeting mine restart in H2 2025³⁹

This financial backing not only de-risks the Madsen Mine restart but also places West Red Lake in an enviable position among junior miners.

By the time the PFS is released in early 2025, West Red Lake Gold Mines will no longer be viewed as an exploration story—it will be a fully funded, near-term producer with the infrastructure, funding, and expertise to deliver results.

That’s on top of current news like West Red Lake Gold Mines’ (TSXV:WRLG) (OTCQB:WRLGF) recently announced significant drill results at its Madsen Mine.

The company intercepted 44.17 g/t Au over 1.3m and 20.63 g/t Au over 0.5m at Upper 8 Target – Madsen Property,⁴⁰ and previously 49.39 g/t Au over 4.48m and 18.46 g/t Au over 11.2m at South Austin.⁴¹

Frank Giustra’s Success Story Includes Scoring West Red Lake Gold Mine’s Flagship Asset

Billionaire Frank Giustra’s success story is nothing short of legendary, and his latest move—securing West Red Lake Gold Mines‘ flagship asset—could be his next big win.

With a 9.4% stake in West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) Giustra’s involvement speaks volumes about the company’s immense potential.

image8 Exploring Untapped Potential in Junior Gold Mining Stocks

Giustra’s roots in finance, particularly his leadership at Yorkton Securities, set the stage for his rise as a mining mogul. ⁴²

But his true genius lies in spotting undervalued, overlooked mining assets and turning them into gold—literally and figuratively.

One of his greatest triumphs was Wheaton River Minerals, a junior miner he helped transform into a $2 billion company, eventually acquired by Goldcorp.⁴³

image1 Exploring Untapped Potential in Junior Gold Mining Stocks

image4 Exploring Untapped Potential in Junior Gold Mining Stocks

By 2016, Goldcorp had grown to the world’s fourth largest gold company,⁴⁴ and was later acquired in 2019 by Newmont for ~$10 billion USD.⁴⁵

And his Midas touch didn’t stop there.

Giustra went on to found Wheaton Precious Metals, now a $27.45 billion giant with interests in 18 operating mines and 26 development projects across four continents.⁴⁶

image5 Exploring Untapped Potential in Junior Gold Mining Stocks

Today, as President and CEO of Fiore Group, Giustra continues to wield his unmatched expertise in capital access and creative deal-making.…exactly like he’s done with West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF).

In June 2023, Giustra and his team secured the Madsen Mine—a $1-billion asset—at a jaw-dropping bargain.

West Red Lake Gold Mines nabbed it for just C$6.5 million in cash, shares, and deferred payments.

It’s no wonder Jay Martin is asking, “Could this be the deal of the decade?” in his recent video interview with West Red Lake Gold Mine’s CEO, Shane Williams.

image6 Exploring Untapped Potential in Junior Gold Mining Stocks

Leadership That’s Done This Before

West Red Lake Gold Mines Ltd. (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

8 Key Reasons

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

1 Strong Market: Gold prices are up 41%+ in the past year and forecast to hit $3,000 by mid-2025.

2 World-Class Location: One of the highest graded gold producing districts in Canada with Red Lake Gold District with over 30 Moz of gold produced to date.⁴⁸

3 Top-Tier Assets: Fully permitted Madsen Mine with 2.5 Moz of past production⁴⁹ and 1.65 Moz at 7.4 g/t gold (Indicated).⁵⁰

4 Advanced Infrastructure: Brand-new 800 tonne-per-day mill and key facilities already in place.

5 Near-Term Path to Production: Madsen Mine restart is fully funded and targeted for 2025.

6 Fully Permitted: All required permits secured for quick restart.

7 Robust Financial Foundation: C$68M financing package in place for the restart.⁵¹

8 Experienced Leadership: Proven team with expertise from billion-dollar gold producers.

The ultimate gold bull run is expected to hit even more highs. That’s a major wind at the back of West Red Lake Gold Mines Ltd. (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 Ltd. (TSXV:WRLG) (OTCQB:WRLGF). This could be a deal that is worth pursuing.

Disclaimer

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footnotes:
[1] https://goldprice.org/spot-gold.html [2] https://www.mining.com/gold-price-hits-2-week-high-on-renewed-china-purchases-syria-regime-collapse/ [3] https://www.business-standard.com/markets/news/goldman-sachs-sees-gold-at-3-150-per-ounce-oil-at-100-a-barrel-in-2025-124112700549_1.html [4] https://www.kitco.com/news/article/2024-12-09/bank-america-sees-3000-gold-second-half-2025 [5] https://www.mining.com/gold-price-hits-2-week-high-on-renewed-china-purchases-syria-regime-collapse/ [6] https://www.mining.com/gold-price-hits-2-week-high-on-renewed-china-purchases-syria-regime-collapse [7] https://www.mining.com/gold-price-hits-2-week-high-on-renewed-china-purchases-syria-regime-collapse/ [8] https://www.mining.com/gold-price-hits-2-week-high-on-renewed-china-purchases-syria-regime-collapse/ [9] https://www.mining.com/web/why-gold-stocks-could-be-a-contrarian-investors-dream-right-now/ [10] https://www.sprott.com/insights/sprott-gold-report-gold-mining-stocks-a-clear-and-compelling-investment-case/ [11] https://www.mining.com/web/why-gold-stocks-could-be-a-contrarian-investors-dream-right-now/ [12] https://www.mining.com/web/why-gold-stocks-could-be-a-contrarian-investors-dream-right-now/ [13] https://blog.gorozen.com/blog/gold-stocks-cheap [14] https://www.mining.com/web/why-gold-stocks-could-be-a-contrarian-investors-dream-right-now/ [15] https://westredlakegold.com/wp-content/uploads/2024/09/West-Red-Lake-Gold-09-24-attendees.pdf [16] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold [17] https://westredlakegold.com/wp-content/uploads/2024/04/26Apr24_-_PureGold_Mine_NI_43-101_Technical_Report_-_WRLG.pdf Signed by Qualified Persons: Cliff Revering, P.Eng. SRK Principal Consultant (Mineral Resource) Wayne Barnett, P.Geo. SRK Practice Leader and Principal Consultant (Resource Geology) Kelly McLeod, P.Eng. Allnorth Metallurgical Engineer (Metallurgy) Gary MacSporran, P.Eng. SRK Principal Consultant (Mining Engineering, Peer Review) [18] https://westredlakegold.com/madsen-mine/ The QP for the mineral resource estimate is Mr. Cliff Revering, P.Eng., an employee of SRK Consulting (Canada) Inc [19] https://westredlakegold.com/west-red-lake-announces-financing-package-to-fund-madsen-mine-restart/ [20] https://www.mining.com/red-lake-camp-keeps-giving-as-frank-giustra-backed-explorer-hits-bonanza-gold/ [21] https://www.mining-journal.com/precious-metals/news/1401193/kirkland-lake-guidance-14-15moz [22] https://goldprice.org/spot-gold.html [23] https://www.mining.com/web/why-gold-stocks-could-be-a-contrarian-investors-dream-right-now/ [24] https://digigeodata.com/area/red-lake/ [25] https://westredlakegold.com/wp-content/uploads/2024/04/26Apr24_-_PureGold_Mine_NI_43-101_Technical_Report_-_WRLG.pdf [26] https://westredlakegold.com/madsen-mine/ [27] [28] https://www.artemisgoldinc.com/news/media-releases/2023/artemis-gold-announces-optimized-phase-1-development-of-blackwater-mine-and-us40m-additional-funding-updated-phase-1-capex-now-fully-funded [29] https://www.mining.com/coeur-mining-to-buy-silvercrest-in-1-7-billion-deal/ [30] https://www.mining.com/g-mining-proceeds-with-construction-of-tocantinzinho-gold-project-in-brazil/ [31] https://perseusmining.com/yaoure-mine/ [32] https://westredlakegold.com/madsen-mine/ [33] https://www.mining.com/artemis-says-expanded-blackwater-gold-mine-would-generate-annual-cash-flow-of-370m/ [34] https://www.silvercrestmetals.com/_resources/news/nr_20210202.pdf [35] https://www.globenewswire.com/news-release/2024/08/20/2933194/0/en/Perseus-Mining-Updates-Mineral-Resources-and-Ore-Reserves.html [36] https://gmin.gold/en-US/tocantinzinho/ [37] https://westredlakegold.com/west-red-lake-announces-financing-package-to-fund-madsen-mine-restart/ [38] https://financialpost.com/globe-newswire/west-red-lake-gold-provides-project-updates-and-outlines-strategic-path-forward [39] https://westredlakegold.com/west-red-lake-gold-pours-gold-bar-from-madsen-mill-cleanup/ [40] https://westredlakegold.com/west-red-lake-gold-intercepts-44-17-g-t-au-over-1-3m-and-20-63-g-t-au-over-0-5m-at-upper-8-target-madsen-property/ [41] https://westredlakegold.com/west-red-lake-gold-intersects-49-39-g-t-au-over-4-48m-and-18-46-g-t-au-over-11-2m-at-south-austin-madsen-mine/ [42] https://minesandmoney.com/london/speaker/frank-giustra [43] https://www.marketwatch.com/story/goldcorp-to-buy-wheaton-river-for-209b-in-stock [44] https://en.wikipedia.org/wiki/Largest_gold_companies [45] https://www.cbc.ca/news/business/newmont-goldcorp-1.4977080 [46] https://investingnews.com/gold-royalty-streaming-stocks/ [47] https://finance.yahoo.com/news/west-red-lake-gold-mines-110800028.html [48] https://westredlakegold.com/wp-content/uploads/2024/04/26Apr24_-_PureGold_Mine_NI_43-101_Technical_Report_-_WRLG.pdf [49] https://westredlakegold.com/wp-content/uploads/2024/04/26Apr24_-_PureGold_Mine_NI_43-101_Technical_Report_-_WRLG.pdf [50] https://westredlakegold.com/madsen-mine/ [51] https://westredlakegold.com/west-red-lake-announces-financing-package-to-fund-madsen-mine-restart/

Disclosure:

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5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article.

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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