West Red Lake Gold Adds Corporate Development Veteran to Look for Next Growth Asset

West Red Lake Gold Mines Ltd. (TSXV: WRLG) (OTCQB: WRLGF) announced the appointment of Jason Billan as Vice President Corporate Development effective June 24, 2024.

Mr. Billan has spent 15 years in the mining sector, with an emphasis on corporate development, strategy, financing, and executive leadership. Following an MBA at the University of Western Ontario in 2009, he spent three years in precious metals equity research at Salman Partners and RBC Capital Markets, with a coverage universe ranging from small exploration companies to large producers. In 2012, he joined Nevsun Resources as a corporate development analyst. In 2016 Nevsun acquired the Timok copper-gold project in Serbia for over US$500M before being acquired by Zijin Mining for C$1.9B in 2018 after a comprehensive sales process.

Most recently, Mr. Billan spent time at Wheaton Precious Metals International before being appointed CEO of Gatling Exploration in 2020, which rapidly advanced its Larder project in Ontario before being sold to mid-tier silver miner MAG Silver in 2022.

As West Red Lake Gold moves towards restarting the Madsen mine, Jason’s experience in mine financing and valuation makes him an ideal person to assist in securing capital needed to complete the project. Once Madsen is operational, we will look for the next growth asset for West Red Lake Gold and I am delighted to welcome Jason to the team as we pursue that vision.Shane Williams, President & CEO, West Red Lake Gold Mines Ltd.

The Company granted 250,000 stock options to Mr. Billan, vesting over a three year period with 25% vesting in 3 months from the grant date and 25% vesting on the first, second and third anniversary of the grant date at an exercise price of $0.56 and will be exercisable for a 5 year period expiring June 24, 2029.

About West Red Lake Gold Mines

West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 km2 highly prospective land package in the Red Lake district of Ontario. The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits. WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 km2 including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.

Duane Hope is a Partner at Capital 10X, he brings over 15 years of communications and research experience to the firm. His research and writing have appeared in publications for North American, European and Asian audiences.



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