West Red Lake Gold Mines Ltd. (TSX-V: WRLG) (OTCQX: WRLGF) is pleased to provide an operational update for the third quarter ended September 30, 2026 for the Madsen Mine, located in the Red Lake Gold District of Ontario.

Q3 Operating Highlights

• Gold production totaled 7,859 ounces during Q3 2026 bringing year-to-date production to 22,102 ounces. September was the strongest month since the restart of the Madsen Mine, with 3,320 ounces produced.
• Mined tonnage totaled 63,945 tonnes in Q3 2026, while mined ounces totaled 7,689 ounces.
• Underground development continued to expand production inventory and advance access to additional mining areas, increasing the number of available mining fronts and building greater flexibility into the mine plan for 2027 and beyond.
• A secondary crusher was installed and commissioned during Q3. The crusher is now operational, supporting the mill’s ability to process up to 1,000 tonnes per day. The low grade surface stockpile generated in second quarter was processed during Q3.
• The mill achieved average processing rates of approximately 867 tpd during Q3.

Shane Williams, President and CEO, commented, “Q3 was another productive quarter for Madsen as we continued to advance the underground development and strengthen the operation to support our longer-term mine plan. September delivered our highest monthly gold production since restarting the Mine. This demonstrates the operational momentum we have built through the quarter and provides a solid foundation as we move into the fourth quarter.”

“During the quarter, we continued to experience industry-wide challenges with the recruitment and retention of skilled underground personnel. In addition, the extraction of certain remnant pillars proved more challenging than anticipated as mining activities remained concentrated in previously mined areas. At the same time, we continued to advance development toward additional mining fronts, including previously unmined areas deeper in the Madsen deposit. Our team remains focused and have actively been addressing these challenges, and we are seeing positive progress entering into the fourth quarter. We also took targeted steps to improve material handling and support our underground workforce, including commissioning the secondary crusher and adding specialized contractors. These are practical operating improvements that are helping us build a more flexible and consistent mine.”

“Looking ahead, our focus is on carrying this progress forward at Madsen while advancing the additional high-grade mining areas and satellite deposits that form part of our hub and spoke strategy. We also expect to release our integrated Madsen and Rowan Pre-Feasibility Study imminently, providing an updated view of the longer-term production profile and growth opportunity across this district.”

Operational results for the three and nine months ended September 30, 2026

Operational Performance 

Mining during the quarter was predominantly focused on remnant areas of the Madsen deposit, with the areas mined during Q3 carrying lower average grades than certain new mining areas being developed. Mining and development through these areas forms part of the mine sequence as the Company advances access deeper into the Madsen deposit, including toward unmined areas such as the 904 Complex.

Remnant mining requires more selective mining practices and additional ground control. These requirements, together with labour availability in certain specialized underground roles, affected mining rates during the quarter. To support ongoing mining activities while maintaining the pace of underground development, the Company supplemented its workforce with specialized contractors during Q3.

Material handling was also an area of focus during the quarter. The Company installed and commissioned a secondary crusher to improve the handling of underground material. The crusher is now operational and performing well.

Underground development continued throughout Q3, increasing production inventory and advancing access to additional mining areas. This work is increasing the number of available mining fronts and providing greater flexibility in mine sequencing as Madsen progresses into 2027.

2026 Outlook

West Red Lake Gold previously provided 2026 gold production guidance for the Madsen Mine of 35,000 to 45,000 ounces. However, in light of industry-wide labour challenges, as evidenced at the Madsen Mine during Q3, and the ongoing production ramp-up expected throughout the remainder of H2 2026, the Company has revised the 2026 guidance to 27,000 to 32,000 ounces.

Looking beyond current operations, the Company expects to release its Integrated Madsen and Rowan Pre-Feasibility Study in the coming weeks. The Integrated PFS will present Madsen and Rowan within a single production plan, with the Madsen mill serving as the central processing hub and Rowan as a high-grade underground satellite mine. Together with additional mining areas being developed at Madsen and the advancement of Fork, the Integrated PFS will provide an updated view of the Company’s longer-term production and growth plans in Red Lake.

Webcast Details

The Company will release its unaudited financial and operating results for the three, six and nine months ended September 30, 2026 on Friday, November 27, 2026 after market close. Management will host a webcast to discuss the results on Monday, November 30, 2026 commencing at 8:00 am PT / 11:00 am ET. Registration will open 20 minutes prior to the event start time.

Webcast Login: WRLG Webcast | Q3 2026 Conference Call

Qualified Persons

The technical information presented in this news release has been reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold and the Qualified Person for exploration at the West Red Lake Project, and by Hayley Halsall-Whitney, P.Eng., Vice President of Operations for West Red Lake Gold and the Qualified Person for technical services at the West Red Lake Project, as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Mr. Robinson and Ms. Halsall-Whitney are not independent of WRLG.

About West Red Lake Gold Mines

West Red Lake Gold Mines Ltd. 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 multi asset platform. The Company controls a 47 km² 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 systems¹. West Red Lake also owns the Rowan Property in Red Lake, covering 31 km² that includes three past producing mines (Rowan, Mount Jamie and Red Summit) and represents a key source of future production growth.

ON BEHALF OF WEST RED LAKE GOLD MINES LTD.

“Shane Williams”

Shane Williams
President & Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Jaclyn Ruptash
V.P. Corporate Communications
Tel: (604) 569-5559
Email: investors@wrlgold.com or visit the Company’s website at https://www.westredlakegold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.