West Red Lake Gold Announces a US$20 Million Private Placement of Gold Linked Notes - Seite 3

ON BEHALF OF WEST RED LAKE GOLD MINES LTD.

“Shane Williams”

Shane Williams

President & Chief Executive Officer

FOR FURTHER INFORMATION, PLEASE CONTACT:

Freddie Leigh
Tel: [phone]
Email: [e-mail]

or visit the Company’s website at https://www.westredlakegold.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.

Certain information included in this press release constitutes forward-looking information under applicable securities legislation including statements relating to the Closing Date, the Company's ability to enter into a definitive agreement with the Agent, the future price of gold, Mr. Giustra participating in the Offering, the Company making a Change of Control offer for the Notes, and the intended use of proceeds and the expected closing date. Forward-looking information typically contains statements with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “estimate”, “propose”, “project”, “scheduled”, “will” or similar words suggesting future outcomes or statements regarding an outlook. The forward-looking statements contained in this press release are based on certain key expectations and assumptions made by the Company including, the Company and the Agent being able to agree to the terms of a definitive agreement, various factors that could affect the price of gold, Mr. Giustra’ s ability or desire to purchase Units in the Offering, the Company having the cash required to make a Change of Control offer, the Company satisfying various closing conditions on or before the proposed closing date and various market conditions that could alter the proposed use of proceeds. Although the Company believes that the expectations and assumptions on which the forward-looking statements are based are reasonable, undue reliance should not be placed on the forward-looking statements because the Company can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Actual results could differ materially from those currently anticipated due to a number of factors and risks.