West Red Lake Gold's Madsen Mine Commences Commercial Production

Vancouver, BC — January 13, 2026 — Leads & Copy — West Red Lake Gold Mines (TSXV: WRLG) (OTCQX: WRLGF) announced the start of commercial production at its 100% owned Madsen Gold Mine, located in the Red Lake Mining District of Northwestern Ontario, Canada, on January 12, 2026.

According to the press release, the Madsen mine achieved commercial production on January 1st.

WRLG set an internal commercial production requirement of 30 consecutive days of mill throughput at 65% or greater of permitted capacity (800 tonnes per day), achieving this in December 2025.

Operational stability is in place at Madsen with consistent strong mill recoveries, which averaged 94.6% in December, enabling production of 3,215 ounces of gold.

Shane Williams, WRLG President and CEO, stated that achieving commercial production is a major milestone and comes after a strong December that saw tonnage, grade, recoveries, and production all perform to plan. Williams also thanked the site operations team, partners, the Lac Seul and Wabauskang First Nations, and the community of Red Lake for their support.

In December, the mill averaged 689 tonnes per day, representing 86% of design capacity, meeting the internal guideline of 65% of design capacity for 30 consecutive days.

Mined tonnage increased, gold grades reconciled reliably, and the mine produced 3,215 ounces of gold from rock averaging just shy of 5 grams per tonne gold.

Mined ore will predominantly come from the 4447 area, the high-grade zone in South Austin defined last year, with mill feed expected to average better than 6 grams per tonne gold in the quarter.

The Madsen Mine poured 20,147 ounces of gold during the ramp-up year, sold at an average price of US$3,650 per ounce for gross proceeds of US$73 million. The company ended the year with CAD$46 million in cash and receivables.

West Red Lake Gold will continue executing its proven process at Madsen, focusing on definition drilling, accurate deposit modeling, mine planning, and prioritizing safety. The company aims to start mining at Fork this year, get the shaft running soon, and increase the tonnes going up the shaft. They will also delineate the new high-grade area in Lower Austin, finish drilling at Rowan, remodel that deposit, and complete a joint Madsen-Rowan prefeasibility study.

The Madsen operation poured 7,200 ounces of gold in Q4, sold at an average price of US$4,150 per ounce for total gold sales revenue of US$30 million. WRLG expects Madsen will reach sustained permitted capacity by mid-2026.

WRLG expects to release 2026 guidance during Q1, 2026.

The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t Au within 6.9 Mt, and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t Au within 1.8 Mt. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US$1,800/oz. A full copy of the Madsen Report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca.

The technical information was reviewed and approved by Will Robinson, P.Geo., Vice President of Exploration for West Red Lake Gold, and Hayley Halsall-Whitney, P.Eng., Vice President of Operations for West Red Lake Gold.

Contact: guy.bennett@globalstocksnews.com

Source: West Red Lake Gold