Mr. Patrick Power reports

LAKE WINN ANNOUNCES ENTERING INTO CONSULTING AGREEMENT

Lake Winn Resources Corp. has entered into a corporate advisory and media communications agreement with Vorticom Inc. and M. Davis & Associates Capital Inc. to provide media advisory and communication facilitation services.

Pursuant to the terms and conditions of the agreement, the consultants will provide media advisory and communication facilitation services to the company for a minimum term of six months, beginning on June 29, 2023. The services will include, among others: (i) the generation of investment news media coverage, (ii) the development of marketing materials, and (iii) the provision of media-related consulting services.

In accordance with the agreement and as consideration for the services, the company will issue to each Vorticom and Davis, 500,000 stock options carrying the right to purchase common shares in the capital of the company. Each option will have an exercise price of eight cents. The options will be issued in accordance with the terms and conditions of the company's stock option plan, and will expire 24 months after issuance. Aside from nominal cash consideration, the consultants have not been compensated in any other manner. The agreement remains subject to approval by the TSX Venture Exchange.

About Lake Winn Resources Corp.

Lake Winn Resources is a mineral exploration company focused on advancing its 100-per-cent-owned Little Nahanni lithium project, which is located in the western Northwest Territories near the Yukon border. The project covers 7,080 hectares that encompasses a seven-kilometre-long, up to 500 m wide, lithium, tantalum and tin pegmatite dike swarm. Historical drilling and channel sampling on the project confirms the presence of significant lithium, tantalum and tin.