West Red Lake Gold Mines Ltd · TSXV:WRLG
West Red Lake Gold Mines — Technical Presentation (November 2026)
13 slides from West Red Lake Gold Mines's technical presentation, Nov 4, 2026
Slide 1: Integrated Madsen–Rowan Pre-Feasibility Study
Madsen Mine, Red Lake Integrated Madsen–Rowan Pre-Feasibility Study Red Lake, Ontario November 4, 2026 TSX-V: WRLG OTCQX: WRLGF FRA: UJ0 WESTREDLAKEGOLD.COM 1
Slide 2: Cautionary Statement and Forward-Looking Information
CAUTIONARY STATEMENT AND FORWARD-LOOKING INFORMATION This presentation of West Red Lake Gold Mines Ltd. (“WRLG” or the "Company") is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for an
Slide 3: Future Oriented Financial Information
FUTURE ORIENTED FINANCIAL INFORMATION To the extent any forward-looking information in this presentation constitutes “future-oriented financial information” or “financial outlooks” within the meaning of applicable Canadian securities laws, such information is being provided to demonstrate the antici
Slide 4: Executing a District Scale Strategy in Red Lake
EXECUTING A DISTRICT SCALE STRATEGY IN RED LAKE ✓ Red Lake is a Tier One jurisdiction1 and one of Canada’s highest grade and historic gold districts ✓ Long term potential to expand through strategic regional consolidation with a target of 150,000+ oz per year ✓ Fully permitted existing infrastructur
Slide 5: Integrated Operation | PFS Highlights
INTEGRATED OPERATION | PFS HIGHLIGHTS C$764M after-tax NPV, ~108 Koz/yr once Rowan enters production C$764M C$1.04B 10 years ~884 Koz 2026 PFS HIGHLIGHTS After-tax NPV (5%) Cumulative after-tax free Mine life Total recovered gold • Integrated operation: A single operation centered cash flow on the e
Slide 6: Gold Production Outlook
GOLD PRODUCTION OUTLOOK >100 Koz/yr from 2029–2034 with Rowan feed Annual gold production (Koz) and mill head grade (g/t), 2027–2036 LOM RECOVERED GOLD LOM AVERAGE Madsen Rowan Madsen grade (g/t) Rowan grade (g/t) 12 g/t ~884 Koz 88 Koz/yr 10 g/t 8 g/t 883,190 oz payable 10-year mine life 6 g/t 4 g/
Slide 7: PFS Mineral Reserves & Resources
PFS MINERAL RESERVES & RESOURCES 962 koz of Probable Reserves at 6.79 g/t Au across Madsen and Rowan VS 2025 MADSEN MINE PFS RESERVE TOTAL PROBABLE RESERVES PROBABLE RESERVE GRADE +85% 962 koz Au 6.79 g/t Au Contained reserve ounces, Integrated PFS vs 2025 PFS 4.41 Mt diluted to the mill, Madsen and
Slide 8: Cash Flow Projections
CASH FLOW PROJECTIONS C$1.04B after-tax FCF with strong leverage to gold Capital & Operating Costs (C$M unless noted) After-tax NPV(5%) & cumulative FCF vs gold price (flexed in all years) Growth capex $200.4 LOM avg gold Long-term gold Case After-tax NPV5 (C$M) After-tax cum. FCF (C$M) (US$/oz) (US
Slide 9: Operations Overview, Consistency & Growth
OPERATIONS OVERVIEW, CONSISTENCY & GROWTH PFS Production and Unit Costs | 2026 Operating Results • Production steps up to ~100 koz+ per year from 2029 as Rowan material reaches the Madsen mill • AISC declines to US$2,351/oz over 2029–2034 as growth and shaft refurbishment capital is completed • LOM
Slide 10: PFS Mineral Reserves & Resources
PFS MINERAL RESERVES & RESOURCES 962 koz of Probable Reserves at 6.79 g/t Au across Madsen and Rowan VS 2025 MADSEN MINE PFS RESERVE TOTAL PROBABLE RESERVES PROBABLE RESERVE GRADE +85% 962 koz Au 6.79 g/t Au Contained reserve ounces, Integrated PFS vs 2025 PFS 4.41 Mt diluted to the mill, Madsen and
Slide 11: Red Lake: Meaningful Growth Beyond the PFS
RED LAKE: MEANINGFUL GROWTH BEYOND THE PFS Resources and targets outside the PFS mine plan offer mine-life extension and production growth from existing infrastructure UPSIDE NOT CAPTURED IN THE PFS • Madsen resource conversion: Definition drilling at depth and near existing infrastructure; 65,000 m
Slide 12: Building Long-Term Value
BUILDING LONG-TERM VALUE WRLG is positioned to increase mining rates, improve flexibility, and lower costs over time through a discovery driven growth and consolidation strategy with a long-term target of 150,000 ounces per year. ✓ Producer in Tier One Canadian jurisdiction with established infrastr
Slide 13: Contact
Contact Jaclyn Ruptash VP Corporate Communications jruptash@wrlgold.com @WestRedLakeGold West Red Lake Gold Mines Ltd. TSX-V: WRLG OTCQX: WRLGF FRA: UJ0 WESTREDLAKEGOLD.COM 13
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