Mr. Nicholas Koo reports

RED LAKE GOLD INC. ANNOUNCES THE MORAY EAST GOLD PROJECT, SITUATED ADJACENT TO NEW BREAK RESOURCES LTD. AND ALAMOS GOLD INC.

Red Lake Gold Inc. has acquired the Moray East gold project located in Ontario, Canada.

Moray East gold project

The Moray East gold project is a gold exploration project situated directionally south/southeast of Timmins, Ont., and, at its formation, the project comprises a total of 203 mining claims covering approximately 4,380 hectares (the latter as measured by QGIS).

Prompt acquisition of the issuer's Moray East gold project was guided by a newly announced gold discovery intercept at a (now-adjoining) third party project. Specifically, the Moray East gold project is located on a contiguous basis to New Break Resources Ltd., which recently reported drill results at its adjoining Moray gold project (see news release by New Break, "New Break Maiden Drilling Returns 4.11 g/t Au over 31.3 Metres in Drillhole #5 and 3.35 g/t Au over 14.8 Metres in Drillhole #4 at Moray gold project," dated Sept. 17, 2025). To its eastern extent, the Moray East gold project shares a claim border with Alamos Gold Inc.

The issuer credits its success in acquiring the Moray East gold project to its same-day work around news of the New Break gold discovery, and the issuer has subsequently paid the applicable Crown staking fees to the government of Ontario. The issuer is also pleased that the project holds contiguous project boundary with Alamos Gold, a senior gold producer based in Canada, which the issuer believes reflects the region's broader prospectivity.

Importantly, the issuer believes that the Moray East gold project provides it with robust exposure to a region of Ontario where a prospective and emerging discovery intercept has been recently reported and it opens exciting potential exploration opportunities for the issuer moving forward (upon financing).

The Moray East gold project is designed to cover a variety of mapped geological settings, which may in future receive varying focus levels as both regional developments and issuer-ownership generate an enhanced understanding of the most prospective subareas of the project.

The issuer notes that New Break has already identified what it views as compelling gold grab samples trending in a north/northeasterly direction in (third party) mapped volcanic rocks, with those mapped volcanics extending onward from New Break's Moray gold project into the issuer's Moray East gold project.

The mapped volcanics are referenced by New Break within its above cited press release. The issuer also believes that the area has potential for additional intrusive rocks to be discovered, either on an outcropping and/or buried basis. Therein, the general area may offer multiple gold-hosting environments given the newly recognized volcanic host setting noted by New Break, as well as the regionally historic syenite-hosted model (claim area held by Alamos Gold, which hosts its producing Young-Davidson gold mine toward its eastern extent).

The issuer holds a 100-per-cent interest in the Moray East gold project, and the project is held on a royalty-free basis (save to the Crown).

Disclaimer regarding other projects

The issuer cautions that results, discoveries on other regional, adjacent projects, including without limitation the project area held by New Break (Moray gold project) and/or Alamos Gold are not necessarily indicative of the results that may be achieved on projects and/or project interests that may be held and/or operated by the issuer, including, without limitation, at its Moray East gold project.

Disclaimer regarding the Moray East gold project

The issuer cautions the Moray East gold project may be subject to certain internal project restrictions, such as alienations, surface restrictions and/or surface notices to be filed, Crown obligations and the like, and applicable items of which will be more fully identified in due course, subject to resource availability.

Disclaimer regarding third party news releases

Neither the issuer nor its qualified person (below identified) is responsible for the content, technical or otherwise, of any third party news releases referenced in this news release.

Qualified person

Antonio Carteri, PGeo, a qualified person as defined by National Instrument 43-101, has reviewed and approved the technical information contained in this news release. Mr. Carteri is an independent consultant to the issuer.

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