West Red Lake Gold Mines Ltd.

This week, West Red Lake Gold's President & CEO, Shane Williams, sat down with Rick Rule for a pre-Rule Symposium 2024 Q&A. WATCH: https://lnkd.in/gyYmHutB TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

Gold-Linked Note Financing Explained A gold-linked note is a type of financial instrument where the return or payment is linked to the price of gold. It's often used for financing purposes, providing investors with exposure to gold prices while offering issuers a way to raise funds. The benefits include diversification, inflation protection, and potential for higher returns if gold prices rise. Additionally, it can be a hedge against currency depreciation or economic uncertainty. At the beginning of April, West Red Lake Gold announced the closing of the final tranche of the private placement of gold-linked notes. “The gold-linked notes are an unusual but innovative financing structure. The key advantage of this structure is that in depressed equity markets, it allows us to raise money with minimum share dilution. We evaluated 4-5 different financing options and found the gold-linked notes to be the best option for our existing shareholders,” explains Harpreet Dhaliwal, CFO. TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

NEWS — April 18, 2024: West Red Lake Gold Intersects 68.36 g/t Au over 1.1m and 13.83 g/t Au over 3.95m at South Austin Zone – Madsen Mine READ: https://lnkd.in/gZPuJ6mw TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

Gold-Linked Note Financing Explained A gold-linked note is a type of financial instrument where the return or payment is linked to the price of gold. It's often used for financing purposes, providing investors with exposure to gold prices while offering issuers a way to raise funds. The benefits include diversification, inflation protection, and potential for higher returns if gold prices rise. Additionally, it can be a hedge against currency depreciation or economic uncertainty. At the beginning of April, West Red Lake Gold announced the closing of the final tranche of the private placement of gold-linked notes. “The gold-linked notes are an unusual but innovative financing structure. The key advantage of this structure is that in depressed equity markets, it allows us to raise money with minimum share dilution. We evaluated 4-5 different financing options and found the gold-linked notes to be the best option for our existing shareholders,” explains Harpreet Dhaliwal, CFO. TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

"The creation and management of teams is the most important part of my job. I completed the senior executive program at the London Business School. This gave me an arsenal of techniques in how to motivate and empower team members. It is not about instilling fear. It is about creating “psychological safety,” so that talented people know it is okay to innovate, to make mistakes, and to learn and persevere." Shane Williams | President & CEO TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

"We brought in a team of...project builders. We're helping to set the company up to be more of a long-term growth story." Shane Williams WATCH: https://lnkd.in/gzmrW2kS TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

The second underground diamond drill has arrived at Madsen Gold Mine! In response to the recent drilling success at the newly defined North Austin zone, we added a second diamond drill at Madsen to continue growing and de-risking this high-priority, near-mine resource area. “The addition of a second underground drill at Madsen will expedite our efforts in de-risking the resource and building a runway of high-confidence mineable inventory that will be critical during restart of mining operations. The North and South Austin Zones have already demonstrated potential for grade and continuity and our team looks forward to continuing to advance these two high-priority areas simultaneously with the underground drilling program,” comments Shane Williams, President & CEO. TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

On April 19-21, West Red Lake Gold will attend CEM 2024 in Scottsdale, Arizona where our President & CEO, Shane Williams, and Investor Relations, Dustin Zinger, will hold one-on-one investor meetings. We look forward to connecting with everyone! TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

NEWS — April 4, 2024: West Red Lake Gold Closes Second Tranche of Gold Linked Notes Offering READ: https://lnkd.in/gNrKBNjA TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸

Shane Williams, President & CEO, discusses the steps needed to restart the Madsen Gold Mine TSXV: WRLG 🇨🇦 OTCQB: WRLGF 🇺🇸