West Red Lake Gold Mines Ltd. reported that a gold bar was poured using the refinery in the Madsen mill on June 8, 2024. The gold was recovered during the Madsen mill cleanup and gold recovery program (the "Gold Recovery Program") at its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. The company was pleased to see the refinery operating smoothly after 18 months of inactivity.

The rest of the collected material, which contains the remaining gold fines, will now be sent off-site for processing. When this off-site processing is complete, West Red Lake Gold will announce the total amount of gold recovered through the mill cleanup program. The Madsen Mine deposit presently hosts a National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") Indicated resource of 1.65 million ounces ("Moz") of gold grading 7.4 g/t Au and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au.

Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023, and amended April 24, 2024 (the "Madsen Report").

The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the Madsen Report.