Gold Rush 2.0: Unprecedented Highs and Future Prospects

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

image10 Gold Rush 2.0: Unprecedented Highs and Future Prospects
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 Inflation², Fed Rate Cuts³ and Geopolitical Conflict⁴. to the long-term catalysts: Central Bank Buying⁵, the Inverted Yield Curve⁶ and Debt & Money Printing.⁷

image17 Gold Rush 2.0: Unprecedented Highs and Future Prospects
Source: Forbes⁸

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

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 Gold Rush 2.0: Unprecedented Highs and Future Prospects

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

Breaking News

West Red Lake Gold Intersects 54.19 g/t Au over 4m and 23.73 g/t Au over 3.53m at Austin – Madsen Mine

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 moving toward gold production with a targeted restart in 2025 at its Madsen Gold Mine in Canada’s Red Lake Gold District.

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.¹²

The mine is fully permitted, has historic production of 2.5 million ounces of gold,¹³ 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).¹⁴

image15 Gold Rush 2.0: Unprecedented Highs and Future Prospects

This company has heavyweight investors backing it, including legendary industry financier Frank Giustra, who sees big things to come for the gold market and particularly West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF), in which he owns an 11% stake.¹⁵

image7 Gold Rush 2.0: Unprecedented Highs and Future Prospects

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.¹⁶

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is cashed up to advance Madsen following a US$27.1-million upsized issuance of gold-linked notes in March ¹⁷ and a recently closed C$33-million financing led by Raymond James.¹⁸

The company just outlined its 2024 development plans, which includes infrastructure updates to support safe and efficient operations when a restart decision is made, as well as an ambitious underground drilling campaign in 2024, with two diamond drills set to cover 39,000 meters to define the known resources and target expansion opportunities.¹⁹

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 date²⁰

Top-Tier Assets: fully permitted Madsen Mine with past production of 2.5 Moz gold²¹

High-Grade Resource: 1.65 million ounces of gold at 7.4 g/t in 6.9 million tonnes (Indicated)²²

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: $33M upsized private placement just closed²³

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.

Riding the Golden Runway Toward a Targeted 2025 Restart

When it comes to finding the right gold opportunity, it’s essential to look at where that company is at with the project.

Are they pre-discovery? Has the company made a major discovery? Is the mine being constructed?

To choose the right stock at the right time, you often have to look no further than the Lassonde Curve.

image11 Gold Rush 2.0: Unprecedented Highs and Future Prospects
Source: Visual Capitalist²⁴

As you can see, it typically takes ten to fifteen years of consultation, exploration, permitting, planning and financing to bring a mine into production. It also costs hundreds of millions of dollars in most cases.

But perhaps the most shocking part of the Lassonde Curve is the massive dip that takes place following a big discovery.

The fact is, unless an investor is in it for the long run, very few want to wait for years as a company moves through the feasibility and development phases.

Press Releases

That is, if the company even reaches that point.

Not many investors realize this, but less than 1 in 10,000 projects will become a producing mine.²⁵

That’s what makes West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) stand out among the masses.

This company isn’t starting a project from scratch.

West Red Lake Gold Mines’ confirmed the Mineral Resource Estimate for the Madsen Mine through an independent report from SRK Consulting, which includes:²⁶

- - 1.65 million ounces of gold at 7.4 g/t in 6.9 million tonnes (Indicated)²⁷
  - 0.37 million ounces of gold at 6.3 g/t in 1.8 million tonnes (Inferred)²⁸

AND all of the infrastructure already in place including a brand new and expandable 800 tonne per day (tpd) processing mill.

image14 Gold Rush 2.0: Unprecedented Highs and Future Prospects

The Madsen Mine also has a brand new double ramp access underground, a 1,275-meter (4,183-foot) deep shaft, and water treatment plant.

image4 1 Gold Rush 2.0: Unprecedented Highs and Future Prospects

In short, West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) has bypassed a lot of the lengthy steps needed to put a mine into production.

Now, all the company has to do is complete a handful of infrastructure projects at the Madsen Mine, which are already well underway.

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) expects to complete these key milestones over the next six to 12 months, putting the company on a clear path towards its goal of a targeted restart in 2025.²⁹

West Red Lake Gold Mines Ltd. (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.

image1 1 Gold Rush 2.0: Unprecedented Highs and Future Prospects

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is on an accelerated path towards its target of producing gold in 2025. This effort 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:³⁰

- - Pre Feasibility Study (PFS) by Q1 2025
  - Consistent underground drilling, completing another 38,000 meters (125,000-feet) in Q4 2024
  - Ongoing underground development through 2024, including a 1,200-meter haulage way connecting the two sides of the mine and new development to support drilling and prepare for mining
  - Targeting a Madsen Mine restart in H2 2025³¹
  - Optimizing the project to focus on sustainable cash flowing operation

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) recently announced significant drill results from its 100%-owned Madsen Mine, including 16.69 g/t gold over 8.0 meters and 7.48 g/t gold over 12.0 meters at the South Austin Zone. This zone has an Indicated resource of 474,600 oz at 8.7 g/t gold and an Inferred resource of 31,800 oz at the same grade. The drilling aims to solidify resource confidence for the planned production restart.³²

Additionally, in May, drill results at the North Austin Zone included 37.33 g/t gold over 2.79 meters and 5.26 g/t gold over 9.0 meters, indicating a new high-grade area extending the resource northeast. The team is focusing on expanding this zone further down-plunge, with promising continuity observed in initial results.

Gearing Up for Major Growth

You don’t have to look far to find success stories about mining companies that have seen substantial share price increases as they progressed from exploration to development and into production.

One prime example is Artemis Gold, which saw its share price rise significantly with the advancement of its Blackwater Gold Project in Canada. Acquired in 2020, the project progressed through feasibility studies and permitting before going into full-scale construction in early 2023.³³ Since then, the stock has increased more than 105% and could go higher still as Artemis completes its first phase of construction and pours its first gold bar, which is expected in the second half of 2024.³⁴

G Mining Ventures is another company that experienced notable valuation increases with the Tocantinzinho Gold Project in Brazil. The project moved towards production with the commencement of construction in late 2022, drawing investor interest.³⁵

There is also Perseus Gold, which began to experience stock price appreciation leading up to its first gold pour at its Yaouré Gold Mine in Côte d’Ivoire in December 2020 and through 2021 and 2022 as it ramped up production, demonstrating the market’s positive response to advancing towards production.³⁶

As you can see from the chart below, these stocks have experienced major growth during this phase, signaling that West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) could be headed in the same direction as it moves rapidly towards a targeted restart.

1 Gold Rush 2.0: Unprecedented Highs and Future Prospects

Hidden Treasures at the Madsen Mine

As West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) moves forward with a targeted restart at Madsen, the company has also been conducting a mill cleanup and gold recovery program which has yielded some fantastic results.

In May, the company reported significant progress in its cleanup and gold recovery operations, 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 Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) 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.⁴⁰

Then in June, West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) poured its first gold bar from the gold recovered from the mill cleanup and recovery program.

image8 Gold Rush 2.0: Unprecedented Highs and Future Prospects

Proven Ability to Identify & Capitalize on Value-Adding Opportunities

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

From 1935 to 1971, the Madsen Mine produced 2 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 2021.⁴¹

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 its heyday.

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. Those priorities created challenges at the mine site and 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 Ltd. (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.⁴²

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

Money in the Bank & Skin in the Game

West Red Lake Gold Mines Ltd. (TSXV:WRLG) (OTCQB:WRLGF) is backed by heavyweight investors that ensure the

image5 1 Gold Rush 2.0: Unprecedented Highs and Future Prospects

company’s financial stability and growth potential:

- - 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.

image3 1 Gold Rush 2.0: Unprecedented Highs and Future Prospects

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

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 date⁴³

Top-Tier Assets: fully permitted Madsen Mine with past production of 2.5 Moz gold⁴⁴

High-Grade Resource: 1.65 million ounces of gold at 7.4 g/t in 6.9 million tonnes (Indicated)⁴⁵

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: $33M upsized private placement just closed⁴⁶

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 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) as it may start to run away.

Disclaimer

QUICK LINKS TO PREFERRED BROKERAGES

footnotes:
[1] https://tradingeconomics.com/commodity/gold [2] https://tradingeconomics.com/commodity/gold [3] https://apnews.com/article/inflation-prices-rates-economy-biden-federal-reserve-4ac316b6a435ef44c370ce7686da67c0 [4] https://www.reuters.com/markets/commodities/gold-holds-tight-range-focus-turns-us-inflation-data-2024-03-26/ [5] https://www.kitco.com/news/article/2024-03-20/gold-prices-jump-higher-federal-reserve-signals-three-rate-cuts-year [6] https://tradingeconomics.com/commodity/gold [7] https://www.bnnbloomberg.ca/gold-demand-to-hit-record-with-central-bank-buying-wgc-says-1.2028727 [8] https://nai500.com/blog/2024/02/citi-analysts-say-numerous-catalysts-could-drive-gold-price-50-higher/ [9] https://www.forbes.com/sites/simonmoore/2024/02/06/the-inverted-yield-curve-continues-to-flash-a-recession-warning/?sh=74212f9515ac [10] 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 [11] https://www.forbes.com/sites/jessecolombo/2024/03/13/heres-what-you-need-to-know-about-golds-long-term-bull-market/?sh=317d90a57aed [12] https://tavex.se/en/historical-gold-bull-runs-and-gold-price-in-the-past-100-years-with-infographic/ [13] https://www.mining.com/web/gold-stocks-languishing/ [14] https://www.geologyforinvestors.com/red-lake-the-times-they-are-a-changin/ [15] https://digigeodata.com/area/red-lake/ [16] https://www.kinross.com/news-and-investors/news-releases/press-release-details/2022/Kinross-completes-acquisition-of-Great-Bear-Resources/default.aspx [17] https://www.mining.com/kinross-gold-lifts-great-bear-inferred-resource-by-45/ [18] https://financialpost.com/globe-newswire/west-red-lake-gold-recognized-as-a-top-50-tsx-venture-exchange-company [19] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [20] https://westredlakegold.com/madsen-mine/ [21] https://www.mining.com/red-lake-camp-keeps-giving-as-frank-giustra-backed-explorer-hits-bonanza-gold/ [22] https://www.stockwatch.com/News/Item/Z-C!WRLG-3526381/C/WRLG [23] https://www.forbes.com/sites/simonmoore/2024/02/06/the-inverted-yield-curve-continues-to-flash-a-recession-warning/?sh=74212f9515ac [24] https://www.schroders.com/en-us/us/individual/insights/what-could-a-us-recession-mean-for-gold-and-gold-equities/ [25] https://www.reuters.com/markets/commodities/gold-rises-hopes-fed-rate-cut-june-softer-dollar-2024-03-25/ [26] https://www.kitco.com/news/article/2024-03-20/gold-prices-jump-higher-federal-reserve-signals-three-rate-cuts-year [27] https://www.bnnbloomberg.ca/gold-demand-to-hit-record-with-central-bank-buying-wgc-says-1.2028727 [28] https://www.bnnbloomberg.ca/china-s-gold-splurge-reaches-16th-month-as-prices-hit-record-1.2043761 [29] https://digigeodata.com/area/red-lake/ [30] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [31] https://westredlakegold.com/madsen-mine/ [32] https://www.stockwatch.com/News/Item/Z-C!WRLG-3526381/C/WRLG [33] https://digigeodata.com/area/red-lake/ [34] https://www.theglobeandmail.com/investing/markets/stocks/WRLG-X/pressreleases/22442097/west-red-lake-gold-announces-sprotts-investment-of-us2631463/ [35] 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 [36] https://evolutionmining.com.au/wp-content/uploads/2023/11/Red-Lake-fact-sheet-FY23.pdf [37] https://evolutionmining.com.au/red-lake/ [38] https://royalgold.com/our-portfolio/development-properties/bateman-gold/default.aspx [39] https://www.kinross.com/news-and-investors/news-releases/press-release-details/2022/Kinross-completes-acquisition-of-Great-Bear-Resources/default.aspx [40]https://www.kinross.com/news-and-investors/news-releases/press-release-details/2024/Kinross-reports-2023-fourth-quarter-and-full-year-results/ [41] https://www.mining-technology.com/news/pan-american-acquires-yamana-gold/?cf-view [42] 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 [43] https://westredlakegold.com/madsen-mine/ [44] https://evolutionmining.com.au/reservesresources/ [45] https://s2.q4cdn.com/496390694/files/doc_financials/2023/q4/2023-AMRRS-Statement-Approved-FINAL.pdf [46] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [47] https://finance.yahoo.com/news/west-red-lake-gold-mines-110800028.html [48] https://westredlakegold.com/madsen-mine/ [49] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [50] 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 [51] https://financialpost.com/globe-newswire/west-red-lake-gold-provides-project-updates-and-outlines-strategic-path-forward [52] https://digigeodata.com/area/red-lake/ [53] https://www.mining.com/west-red-lake-grabs-madsen-mine-by-buying-pure-gold/ [54] https://westredlakegold.com/madsen-mine/ [55] https://www.stockwatch.com/News/Item/Z-C!WRLG-3526381/C/WRLG

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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