West Red Lake Gold Significantly Increases Rowan MRE Including a 70% Increase in Indicated Resources to 755k Tonnes Containing 335k oz at 13 g/t Au

Article content

VANCOUVER, British Columbia, June 09, 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 announce an updated 2026 Mineral Resource Estimate (“MRE”) for the Rowan Project (“Rowan”) as well as a maiden MRE for the nearby Mount Jamie deposit (“Mt. Jamie”), located 2 kilometres from Rowan, prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101“). The Rowan MRE reflects the results of a highly focused 6,300 meter (“m”) resource conversion drill program and is anticipated to be incorporated into a combined Madsen-Rowan Pre-Feasibility Study (“PFS”) which the Company is advancing and which is planned for release in H2 2026.

Article content

Article content

The Rowan Project is 100% owned by WRLG and is located in the Red Lake Mining District of northwestern Ontario, Canada. The updated Technical Report for the Rowan MRE prepared in accordance with NI 43-101 will be filed on SEDAR+ (www.sedarplus.ca) under the Company’s issuer profile within forty-five (45) days of the date of this news release.

Article content

Article content

Article content

TABLE 1. Summary of the Rowan and Mt. Jamie 2026 Mineral Resources as of June 1, 2026.

Article content

Article content

Notes:
1) CIM (2014) definitions were followed for Mineral Resources.

Article content

2) Mineral Resources for Rowan were estimated at a cutoff grade of 2.00 g/t Au and a gold price of USD $3,200 per ounce.

Article content

3) Mineral Resources for Mt. Jamie were estimated at a cutoff grade of 3.80 g/t Au and a gold price of USD $3,200 per ounce.

Article content

Article content

4) Density used for the estimation on all domains was set at 2.8 g/cm³.

Article content

5) There are no Mineral Reserves currently estimated for Rowan or Mt. Jamie.

Article content

6) Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The quantity and grade of the reported Inferred Mineral Resources are conceptual in nature and are estimated based on limited geological evidence and sampling. Geological data is sufficient to imply but not verify geological grade and/or quality of continuity. An Inferred Mineral Resource has a lower level of confidence relative to a Measured or Indicated Mineral Resource and constitutes an insufficient level of confidence to allow conversion to a Mineral Reserve. It is reasonably expected, but not guaranteed, that the majority of Inferred Mineral Resources could be upgraded to Measured or Indicated Mineral Resources with additional drilling.

Article content

7) The effective date of the MRE is June 1, 2026.

Article content

Shane Williams, President and CEO, commented, “The updated Rowan MRE reinforces our view that Rowan remains one of the most compelling growth assets within our Red Lake portfolio. Rowan is among one of the highest grade undeveloped gold projects situated in a Tier-1 mining jurisdiction and continues to demonstrate the potential to become an important long-term source of high-margin ounces. Despite relatively limited drilling since the June 2025 estimate, we have significantly grown the resource, most importantly in the Indicated category, thereby de-risking the project while also enhancing its quality. Overall, Rowan is developing into a highly robust satellite deposit. These characteristics demonstrate our team’s capital efficiency in expanding the resource albeit with disciplined exploration spending. This success directly reflects the accuracy of our geologic model and our deep understanding of the controls on mineralization at Rowan.”