EARLY WARNING REPORT UNDER THE ALTERNATIVE MONTHLY REPORTING SYSTEM OF NATIONAL INSTRUMENT 62-103 1. Name and address of the eligible institutional investor: Accilent Capital Management Inc. (? ACM ?) 370 King Street West, Suite 804, BOX 67 Toronto, ON M5V 1J9 This represents our ninth fi ling under the Alternative Monthly Reporting System. 2. Name of the reporting issuer : West Red Lake Gold Mines Inc. (? WRLGM ?) 3. Period for which the report is filed: Period ended 8/31/2013 4. Net increase or decrease in the number or princi pal amount of securities, and in the eligible institutional investor?s security hold ing percentage in the class of securities, since the last report filed by the eligible institutional inves tor under the early warning requirements: No change 5. Designation and number or principal amount of securities and the eligible institutional investor?s security holding percentage in the cla ss of securities at the end of the month for which the report is made: ACM has indirect control and direction over 7,389,428 common shares and direct control and direction over 48,000 common shar es of WRLGM representing a pproximately 14.49% of shares outstanding; In addition to common shares AC M has indirect contro l and direction over 5,851,000 warrants and direct control and direc tion over 343,360 agent warrants to purchase common shares, representing approximately 20.00% of the total company shares on a fully diluted basis. 6. Designation and number or principal amount of securities and the percentage of outstanding securities of the class of secur ities referred to above over which: (i) the eligible institutional investor , either alone or together with any joint actors, have ownership and control: 48,000 common shares and 343,360 agent warrants (ii) the eligible institutional investor , either alone or together with any joint actors, have ownership but control is held by other entities other than the eligible institutional investor or any joint actor: N/A. (iii) the eligible institutional investor , either alone or together with any joint actors, have exclusive or shared control but does not have ownership: 7,389,428 common shares and 5,851,000 warrant s to purchase common shares 7. Purpose of the eligible institutio nal investor and any joint actors in acquiring or disposing of ownership of, or control over, the securities, incl uding any future intention to acquire ownership of, or control over, additional secu rities of the reporting issuer: The common shares of WRLGM were acquired in the ordinary course of business, for investment purposes only and not with the purp ose of exercising control or direction over WRLGM. ACM may from time to time, on behalf of funds or accounts it manages, acquire additional common shares, dispose of some or all of the common shar es they hold or continue to hold common shares. 8. General nature and the material terms of any agreement, other than lending arrangements, with respect to securities of the reporting issuer entered into by the eligible institutional investor, or any joint actor, and the issuer of the secu rities or any other entity in connection with any transaction or occurrence resulting in the change in ownership or control giving rise to the report, including agreements with respect to the acquisitio n, holding, disposition or voting of any of the securities: N/A 9. Names of any joint actors in connection with the disclosure required by Appendix G of National Instrument 62-103: N/A. 10. If applicable, a description of any change in any material fact set out in a previous report by the eligible institutional investor und er the early warning requirements: N/A. 11. Eligibility to file reports under the alternative monthly reporting system: ACM is eligible to file this report under th e alternative monthly reporting system of National Instrument 62-103. 12. Declaration: The filing of this report is not an admission that a ny entity named in this report owns or controls any securities or is a joint act or with another named entity. DATED August 31 st , 2013 By: /s/ Dan Pembleton Name: Dan Pembleton Title: Portfolio Manager - ACM Duly authorized under Powers of Atto rney effective as of September 1 st , 2013, by and on behalf of ACM and its direct an d indirect subsidiaries.
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