West Red Lake Gold: Frank Giustra and the Importance of Strong Financial Backing

The following is a paid email campaign from West Red Lake Gold Mines. We do not endorse any specific company, product, or service mentioned in this email. Our mission-critical information is sent each weekend and is separate, therefore unsubscribing from this email will also stop your Free Morgan Report subscription. West Red Lake Gold: Frank Giustra and the Importance of Strong Financial Backing West Red Lake Gold: Frank Giustra and the Importance of Strong Financial Backing West Red Lake Gold (WRLG.V) owns a 100% interest The Madsen Gold Mine in Ontario, Canada which was targeted for acquisition by Canadian philanthropist and financier Frank Giustra. When the [purchase from Pure Gold]( was announced on April 17, 2023, the press release stated that "Mining investor Frank Giustra, who owns 18.1% of WRLG shares, has committed to lead the proposed financing. "I am proud to be supporting the company that continues the work of past generations at the Madsen Mine," said Giustra in the April 17, 2023 PR. "The acquisition appeals to me due to its high-grade resources, modern infrastructure, potential, and strategic location. I look forward to contributing to the company's growth and energizing this iconic Canadian gold camp for future generations." Giustra's guidance and experience, as well as his support as a major shareholder, has been invaluable to the growth of the company over the last 12 months. “As a co-founder and key stakeholder in the new West Red Lake Gold (WRLG), I've always valued buying excellent assets and building strong teams,” Giustra recently told WRLG shareholders." “Our Madsen project is a unique acquisition,” Giustra continued. “We secured a high-grade asset in Ontario, Canada, an excellent jurisdiction for gold mining. The Madsen mine has tremendous room for growth. Replacing its modern infrastructure would cost upwards of $700 million and take years. Our market cap today is $210 million." "In the commodities market, timing is critical. I’m betting current macro trends will boost the value of gold. Typically, gold prices are linked to U.S. dollars. However, excessive printing of dollars is diminishing their worth alongside the weaponization of the western financial system." "A global monetary system reset appears to be in progress, with a growing list of nations exploring options beyond the U.S. dollar, indicating a shift towards dedollarization." "The U.S. is grappling with a $34 trillion federal debt. Projections suggest this could soar to $100 trillion in three decades, a daunting figure. Imagine that debt with 5% interest." "Central banks set a record in 2022 by purchasing more gold than ever, a significant portion of which headed to Asia. China and India alone accounted for half of these purchases, preparing for potential shifts away from the dollar, which could raise gold prices." "There's a noticeable disparity between the value of gold and gold mining stocks. The current investor mood is dismal but, having observed these patterns since 1978, I recognize a buyer’s market when I see one." "I believe in insider ownership. Investing personally means caring more. Writing a check makes you watch your investment closely." "I've had the privilege of being part of the development and growth of several significant gold producers. Goldcorp (Wheaton River) grew from US $17 million to a $21.8 billion market capitalization in a little over five years. Endeavour Mining grew from $180 million to $8 billion in under 7 years. It begins with one well executed mine acquisition, like we are proving with Madsen. It expands through smart deals and leadership." "Our vision for WRLG extends beyond Madsen. Our aim is to grow and create wealth for our shareholders, aiming not just to be acknowledged as a recognized gold company in Canada, but to eventually earn a reputation as a respected and established operator throughout the entire mining industry." "Thank you for your continued support." Frank Giustra Co-Founder, Major Shareholder, Strategic Advisor The previous operator of the Madsen Mine was under-capitalized. Debt repayment obligations forced the company into a quick-to-cash-flow mine model that was expensive and inefficient and lead to sub-economic production. One of the advantages of working with Frank Giustra’s group is that it has connections with a lot of resource companies. We identified young managers who have worked in the trenches, done the hard yards. The Madsen Gold Mine – is fully permitted, and has a brand-new 800+ tonne per day mill, a tailings and water treatment facility. [1] The strategy for the Madsen Mine Restart is: 1. De-risk Resources (in-fill and expansion drilling, UG development 2. Restart Planning (engineering, mill expansion assessment, optimisation 3. Restart Execution (assembling team, community relations, focus on operability and profitability). The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [2.] [3.] We are financing our mine-restart program with minimal share dilution to existing shareholders. On April 4, 2024 we closed a second and [final tranche of a private placement of gold linked notes]( bringing the total value of notes issued to US$27,165,631, equivalent to about $37 million CAD. We are currently conducting definition drilling within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen mill. With Frank Giustra’s support, we have made a decision to optimize this mine before restarting production. This involves infill and expansion drilling, underground development and engineering studies. Now that we have added a second underground drill at North Austin, we expect to be generating a steady stream of positive news flow from North and South Austin over the coming months. Shane Williams President and Chief Executive Officer of WRLG FOR FURTHER INFORMATION, PLEASE CONTACT: Freddie Leigh Tel: (604) 609-6132 Email: investors@westredlakegold.com or visit the WRLG website at []( References: - SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada. - Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. A full copy of the SRK report is available on the Company's website and on SEDAR+ at [www.sedarplus.ca]( - Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled "Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada", prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company's website and on SEDAR+ at [www.sedarplus.ca]( Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader. The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein. (c) 2024 The Morgan Report | David Morgan 621 Mallon Suite 307 Spokane WA 99201 USA [Unsubscribe]( | [Change Subscriber Options](