West Red Lake Gold Mines (WRLG) Corporate presentation summary

Strategic positioning and growth vision

• Targeting a multi-asset gold mining platform in Red Lake, Ontario, aiming for 150,000+ oz/year production in a Tier One jurisdiction.

• Commercial production achieved at Madsen Mine in January 2026, with 2026 guidance of 35,000–45,000 ounces, 60% weighted to H2 2026.

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

• Long-term growth through regional consolidation and district-scale exploration upside.

• Fully permitted infrastructure supports lower capital intensity and scalability.

Operational execution and development

• Multi-complex underground mining approach enhances flexibility and scalability.

• Key mining areas include 4447, 904, Derlak, and Fork, with ongoing development and drilling.

• Rowan deposit PEA outlines a 400 tpd mine producing 35,000 oz/year over 5 years, with initial construction targeted for 2029.

• 2027 production profile to include 904 Complex and Fork satellite deposit.

• Updated pre-feasibility study proposed to combine Madsen and Rowan assets.

Resource and reserve highlights

• Madsen Mine: 1.65 Moz indicated at 7.4 g/t Au, 0.37 Moz inferred at 6.3 g/t Au (June 2023, 3.38 g/t cut-off).

• Probable reserves at Madsen: 1,823 kt at 8.16 g/t Au for 478 koz.

• Rowan Project: 334,825 oz indicated at 13.03 g/t Au, 179,013 oz inferred at 15.31 g/t Au (June 2026, 2.00 g/t cut-off).

• Fork deposit: 20.9 koz indicated & 49.5 koz inferred at 5.2 g/t Au; high-grade core target of 33–43 koz at 8–9 g/t Au.