West Red Lake Gold Reports Third Quarter Operations Update for Madsen Mine Ramp-Up

VANCOUVER, British Columbia, Oct. 07, 2025 (GLOBE NEWSWIRE) -- West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF) is pleased to provide a third quarter (“Q3”) update on the ramp-up of the Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

“Ramp up at the Madsen mine is progressing well,” said Shane Williams, President and CEO. “It is exciting to see tonnages rise, efficiencies increase, and gold production grow quarter by quarter, as planned.”

“It takes a methodical approach to step a mine towards steady state operations, ramping up daily mining while completing final infrastructure projects and underground development needs, and at Madsen we are now seeing the benefits of such an approach. Operational performance at the mine in Q3 continued within the expected range. Importantly, key parameters remained consistent, including ongoing strong reconciliation between planned and actual gold grades in modeled tonnes, and certain capital projects are starting to have notable positive impacts. I am excited to see the final pieces of this operation come into place over the fourth quarter, positioning Madsen for commercial production in early 2026.”

In Q3 the Madsen Mine produced 35,700 tonnes of ore at an average grade of 5.4 grams per tonne gold. The mill poured 7,055 ounces of gold. Note that mined and poured ounces do not align because of factors including month end timings and gold in circuit. Those ounces were sold at an average price of US$3,456 per ounce for gross proceeds of CAD$33 million.

This compares to 5,260 ounces of gold poured in Q2 for gross proceeds of CAD$24 million and 496 ounces of gold in Q1 for gross proceeds of CAD$2.1 million. Q3 gold production represented a 34% increase over Q2 gold production, a rate that positions Madsen to reach targeted output levels early in 2026.

Mined ore tonnage is increasing month over month, within the variability of mine ramp up. Increasing daily mined tonnage is the primary ramp-up factor at Madsen, so the Company is pleased to report ore tonnage rising consistently.

Figure 1. Ore tonnes mined at Madsen on a monthly basis from December 2024 through September 2025.

Mined waste development is also progressing as planned, as crews drive access to new areas for drilling and mining. Importantly, as of mid-September mined waste is now being stored largely underground.