Mr. Shane Williams reports
WEST RED LAKE GOLD FILES NI 43-101 TECHNICAL REPORT FOR UPDATED ROWAN MINERAL RESOURCE ESTIMATE
West Red Lake Gold Mines Ltd. has filed on SEDAR+ the independent technical report prepared in accordance with National Instrument 43-101, Standards of Disclosure for Mineral Projects, for the updated 2026 mineral resource estimate (MRE) for the Rowan project, as well as a maiden MRE for the nearby Mount Jamie deposit, titled "Technical Report on the Updated Mineral Resource Estimates for the Rowan and Mount Jamie Deposits, Ontario, Canada," dated July 22, 2026 (with an effective date of June 1, 2026). Rowan is located in the Red Lake gold district of Northwestern Ontario, Canada.
The technical report was prepared by Sims Resources LLC and Fuse Advisors Inc., independent consulting firms, and is available electronically on the company's website and on SEDAR+ under West Red Lake Gold's issuer profile.
There are non-material differences between the MRE in the technical report and the information previously disclosed (see news release dated June 9, 2026). As part of the final reconciliation and application of rounding standards, as well as reporting based on proportional blocks as opposed to entire blocks in the completed technical report, the indicated and inferred mineral resources have been updated. As a result, the majority of the values presented in the attached table reflect minor, non-material increases.
Quality assurance/quality control (QA/QC)
The technical information presented in this news release has been reviewed and approved by Will Robinson, PGeo, vice-president of exploration for West Red Lake Gold and the qualified person for exploration at the West Red Lake project, as defined by NI 43-101. Mr. Robinson is not independent of West Red Lake Gold. The mineral resource disclosure summarized herein is derived from the independent technical work completed by Sims Resources and Fuse Advisors. The qualified person is not aware of any environment, permitting, legal, title, taxation, sociopolitical, marketing or other relevant factors that could materially affect the MRE.
About West Red Lake Gold Mines Ltd.
West Red Lake Gold is a Canadian gold producer and developer advancing a high-grade, district-scale opportunity in the Red Lake district of Ontario. The company's flagship Madsen mine has recently achieved commercial production and is positioned as the central hub of a growing multiasset platform. The company controls a 47-square-kilometre land package in one of the world's most prolific mining districts, which has historically produced over 20 million ounces of gold from high-grade systems (1). West Red Lake Gold also owns the Rowan property in Red Lake, covering 31 square kilometres, which includes three past-producing mines (Rowan, Mount Jamie and Red Summit) and represents a key source of future production growth.
(1) T. Twomey and S. McGibbon, Red Lake mine, Goldcorp Inc. (2022): "The Geological Setting and Estimation of Gold Grade of the High-Grade Zone, Red Lake Mine," Exploration Mining Geology, Volume 10, No. 1 and No. 2, pages 19 to 34, Canadian Institute of Mining, Metallurgy and Petroleum (CIM).
© 2026 Canjex Publishing Ltd. All rights reserved.