West Red Lake Gold Mines Ltd. announced that, as a result of a review by the British Columbia Securities Commission, the Company is issuing the following news release to clarify certain information. In an email circulated on behalf of the Company, certain disclosure was made regarding mineral reserves. The Company retracts such statements and any other disclosure that suggests the Madsen property has mineral reserves.

The Company wishes to clarify that the property has only mineral resources (as defined under NI 43-101), as noted in its technical report titled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the Pure Gold Mine, Canada" dated June 19, 2023, and amended April 24, 2024.