West Red Lake Gold Announces Drill Results from Rowan Project

Vancouver, BC — April 2, 2026 — Leads & Copy — West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) announced drill results from its Rowan Project located in the Red Lake Mining District of Northwestern Ontario, Canada, on March 31, 2026.

The results focus on the high-grade Rowan vein system and add to intercepts announced on February 18, 2026, which highlighted 84.3 grams per tonne (“g/t”) gold (“Au”) over 1 metre (“m”), 14.4 g/t Au over 5.5m and 24.4 g/t Au over 1.5m, and on January 29, 2026, which highlighted 141.5 g/t Au over 1m, 55.8 g/t Au over 1m and 28.5 g/t Au over 1m.

A total of thirty-seven (37) holes for approximately 6,300m were completed at Rowan in the current drilling program. Fire assay gold results have been reported for twenty-six (26) holes, with results pending for eleven (11) holes.

According to Will Robinson, VP of Exploration for West Red Lake Gold, the program was increased from 5,000 meters to 6,300 meters based on positive results. The main objective was to conduct infill drilling on veins 006 and 013 to potentially include them in the PFS mine design. The company extended veins 001 and 003 further to the west, expanding those two main vein domains, which were both included as part of the PEA design announced in September 2025.

Robinson stated that the Rowan PEA scoped out a mining project producing about 35,000 ounces per year at eight grams per tonne (gpt) gold, diluted grade over about five years. He added that incorporating Veins 006 and 013 into consideration for PEA mine design could potentially increase Rowan's capacity from approximately 400 tonnes per day (tpd) to possibly 600 or even 800 tpd.

Robinson also mentioned that the Madsen Mine would be the ultimate off-take location for those ounces, and the company is awaiting one final round of assay results for 11 holes. They are looking forward to integrating Rowan with the Madsen project and putting together a combined PFS study slated for Q3, 2026.

The 2025 PEA envisioned Rowan as a small footprint, underground extraction scenario delivering high-margin rock with an average diluted grade of 8 grams per tonne gold at the rate of 400 tonnes per day. According to Robinson, incorporating Veins 006b and 013 into the production profile has the potential to materially increase the daily mined tonnage from Rowan, which could significantly increase the economics of the project.

Historically, operators at Rowan often only sampled and assayed drill core with quartz veining containing visible gold, while surrounding rock was typically not sampled. The highest-grade intercept ever drilled at Rowan was achieved during the 2023 drill campaign when Hole RLG-23-163B returned 70.8 g/t Au over 8.3 metres. This intercept came from the deeper portion of Vein 001 and indicates potential for mineralization to continue at depth. The Rowan vein system has been defined down to about 400 metres and remains open for expansion at depth and along strike to the east and west.

In 2025, the Madsen Mine poured 20,147 ounces of gold, sold at an average price of US$3,650 per ounce, yielding total gold sales revenue of US$73 million (C$99 million). WRLG declared commercial production at the mine on January 1, 2026. Since then, production has continued, and the price of gold has increased from US$4,330 per ounce to US$4,700 per ounce.

The Madsen Mine deposit presently hosts a National Instrument 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.

The PEA is preliminary in nature and does not indicate technical or economic viability of a mining scenario at Rowan. There can be no assurance that drilling at Rowan will result in the conversion of Inferred resources to Indicated, or that the planned combined PFS will support the development of the Madsen Mine and Rowan projects as a single operation or using common infrastructure.

Source: West Red Lake Gold