File: '\\swfile\EmailIn\20260108 143856 Attachment Lake Winn Resources - News Release Announcing closing of first tranche of Private Placement.docx'

LEGAL_48557276.1

LEGAL_48557276.1

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

LAKE WINN ANNOUNCES CLOSING OF FIRST TRANCHE OF

PRIVATE PLACEMENT

Vancouver, British Columbia - January 8, 2026 - Lake Winn Resources Corp. (TSXV: LWR; FSE: EE1A) (the "Company") is pleased to announce that further to its news release dated December 8, 2025, it has closed the first tranche of the previously announced non-brokered private placement (the "Offering") of up to 7,272,727 units (the "Units") at a price of C$0.055 per Unit.

Each Unit consists of one common share in the capital of the Company (a "Share") and one share purchase warrant (a "Warrant"). Each Warrant will be exercisable to purchase an additional Share (a "Warrant Share") at an exercise price of $0.08 per Warrant Share for a period of 24 months after the date of issuance.

The first tranche closing of the Offering occurred on December 10, 2025 and consisted of 1,222,728 Units for aggregate gross proceeds of $ 67,250.04. All securities issued in connection with the first tranche of the Offering are subject to a statutory hold period of fourth months plus a day in accordance with applicable securities legislation expiring on April 11, 2026.

In connection with the first tranche of the Offering, the Company paid aggregate cash finder's fees of $2,200.00 and issued 40,000 finder's compensation warrants to an eligible finder (the "Finder's Warrants"). Each Finder's Warrant entitles the holder to purchase one Share of the Company at $0.08 per Share for a period of 24 months from the date of issuance.

The Company intends to use the net proceeds from the Offering for exploration expenditures related to the Company's Little Nahanni Project as well as general working capital and administrative expenses.

About Lake Winn

Lake Winn Resources Corp. is a mineral exploration company focused on advancing the 100% owned Little Nahanni Pegmatite Project located in the Northwest Territories near the Yukon Border. The Project covers 9,682.5 hectares, including a major portion of a 13 km-long, up to 500 m wide, lithium, cesium, and tantalum pegmatite dyke swarm. The Project has had historic drilling and channel sampling that confirm significant lithium, tantalum, cesium, and tin.

ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.

Patrick Power

President, CEO & Director

Lake Winn Resources Corp.

Telephone: (604) 218-8772

info@lakewinn.ca

www.lakewinn.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements: Certain statements in this news release are "forward-looking statements" which reflect the Company's current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy, and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "might", "will", "expect", "anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "estimates", "predicts" or "likely", or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance, or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, delays in obtaining applicable regulatory approvals for the Offering, the Offering not being fully subscribed, or the completion of exploration programs on the Little Nahanni Project. These factors involve various risks and uncertainties that could cause actual results to differ materially from those anticipated by the Company. Investors should not place undue reliance on forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The forward-looking information contained herein is made as of the date of this release. The Company does not undertake any obligation to update or revise such information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.