West Red Lake Gold Completes Phase One Madsen Mine Shaft Refurbishment

VANCOUVER, British Columbia, Aug. 13, 2026 (GLOBE NEWSWIRE) — West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQX: WRLGF) is pleased to provide an update on the phased refurbishment of the Madsen Mine Shaft (the “ Shaft ”), an important infrastructure project that is expected to increase material handling capacity, improve mining efficiency and lower operating costs while supporting higher production rates as mining and development activities advance to deeper levels of the Madsen Mine (“ Madsen ” or the “ Mine ”) located in the Red Lake mining district of Ontario.

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Shane Williams, President and CEO, commented, “The phased refurbishment of the Madsen Shaft represents an important investment in the long-term growth of the Mine. As mining advances to deeper levels, the Shaft will complement underground truck haulage by providing an additional means of moving ore and waste to surface at much lower costs while reducing haulage distances and improving operational flexibility. While underground trucks will continue to play an important role throughout the Mine, the Shaft is expected to improve operating efficiency and contribute to lower operating costs and all-in sustaining costs over time.”

Phase One has successfully demonstrated an initial hoisting capability of approximately 200 tpd, and the Company will continue advancing the remaining infrastructure upgrades before increasing the Shaft’s hoisting capacity. Planned work includes upgrades to the hoisting system intended to maximize the long-term efficiency, reliability and capacity of the Shaft.

Historically, the Madsen Shaft served as the Mine’s primary material haulage system for approximately five decades, providing access to mining operations as deep as Level 26 which is the bottom of the Shaft. The current refurbishment program is designed to restore the Shaft to its historical design capacity of approximately 2,000 tonnes per day, supporting the Company’s long-term mine plan as mining advances into deeper levels of the Mine.