West Red Lake Gold Mines (WRLG) Corporate presentation summary

Strategic positioning and growth objectives

• Operating in Red Lake, Ontario, a top-tier gold district with established infrastructure and high-grade deposits.

• Targeting annual production of over 150,000 ounces through district-scale consolidation and multi-asset development.

• Commercial production at Madsen Mine began January 2026, with 2026 guidance of 35,000–45,000 ounces, weighted toward the second half.

• Hub-and-spoke strategy integrates future Rowan deposit production with the Madsen Mill.

• Long-term vision includes leveraging multiple mining complexes and regional exploration for scalability.

Operational performance and financials

• Q2 2026 gold production reached 8,576 ounces, a 51% increase over Q1, with year-to-date output at 14,243 ounces.

• Average gold grade improved to 4.3 g/t in Q2, and gold recovery rates remained steady at 95%.

• Total gold sales revenue for Q1 and Q2 2026 was US$114.8 million, with average sale prices rising from US$3,650 to US$4,678 per ounce.

• Surface stockpiles at the end of Q2 included 10,768 tonnes containing 1,500 ounces.

Asset base and resource expansion

• Madsen Mine has an indicated resource of 1.65 million ounces at 7.4 g/t and inferred resource of 0.37 million ounces at 6.3 g/t.

• Rowan Project, targeted for H1 2029 production, has an indicated resource of 335,058 ounces at 13.04 g/t and inferred resource of 179,029 ounces at 15.31 g/t.

• Multiple unmined and open complexes (e.g., 904, 4447, Fork) support ongoing and future production growth.

• Ongoing drilling at both Madsen and Rowan continues to demonstrate high-grade intercepts and resource expansion potential.