Mr. Kit Marrs reports

WESTERN ALASKA MINERALS FILES NI 43-101 TECHNICAL REPORT FOR THE HIGH-GRADE WATERPUMP CREEK SILVER-LEAD-ZINC INITIAL RESOURCE, ILLINOIS CREEK PROJECT

Western Alaska Minerals Corp. has published and filed its updated National Instrument 43-101 report in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral projects on the Illinois Creek (IC) project, Alaska, United States. The technical report, titled "Illinois Creek project Update, Illinois Creek Mining District, Western Alaska, USA" dated April 2, 2024 (effective date of Feb. 20, 2024), has been prepared by Bruce Davis, PhD, FAusIMM, Jack DiMarchi, CPG, principal geologist, and Deepak Malhotra, PhD, SME-RM, and is available on SEDAR+ under the company's issuer profile.

"The updated NI 43-101 report confirms the outstanding high-grade silver-lead-zinc initial resource at Waterpump Creek, a distal zone of the Illinois Creek carbonate replacement deposit (CRD). Our attention now turns to validating the substantial scale potential of the CRD through advanced modelling on the LH and Warm Springs targets," stated Kit Marrs, president and chief executive officer of Western Alaska Minerals.

Revised initial inferred mineral resource estimate at the WPC zone

The technical report provides an updated and revised mineral resource estimate for the Waterpump Creek (WPC) zone from the initially reported estimate in the Feb. 22, 2024, news release, which was tabulated using the incorrect silver equivalent formula used to determine cut-off. Table 1 shows the revised mineral resource for the WPC zone. Changes to the mineral resource statement are not considered material at the mineral resource estimate cut-off grade of 200 grams per tonne, equalling lass than 0.5 per cent change to tonnes and grade. Table 2 shows the sensitivity of the mineral resource to the cut-off grade, which is only materially different from the estimate in the Feb. 22, 2024, news release at cut off grades of 800 g/t and higher.

Authors and qualified persons statement

The NI 43-101 technical report was completed by Bruce Davis, PhD, FAusIMM, BD Resource Consulting Inc.; Jack DiMarchi, CPG, principal geologist, Core Geoscience LLC; and Deepak Malhotra, PhD, SME-RM, Forte Dynamics.

Bruce Davis, Jack DiMarchi and Deepak Malhotra are qualified persons as defined by NI 43-101 standards and have reviewed the technical content of this news release and have approved its dissemination.

About Western Alaska Minerals Corp.

The company's mission is to advance a minable and scalable CRD, ultimately reshaping the mineral landscape of western Alaska and establishing a new CRD district.

Western Alaska's 100-per-cent-owned claims cover 73,120 acres (114.25 square miles or 29,591 hectares), approximately 45 kilometres east of an ocean barge-compatible section of the Yukon River. Western Alaska's intact mineralized CRD system encompasses the (past-producing) Illinois Creek gold-silver mine, the Waterpump Creek high-grade silver-lead-zinc deposit, open to the north, and the Honker gold prospect. Twenty-five kilometres northeast of the Illinois Creek CRD lies the Round Top copper and the TG North CRD prospects. All prospects were originally discovered by Anaconda Minerals Co. in the early 1980s. Since 2010, Western Alaska, along with its precursor company, Western Alaska Copper & Gold, reassembled the Anaconda land package and has been engaged in exploring the district.

Headquartered in both Alaska and Arizona, Western Alaska brings together a team of seasoned professionals with a shared vision of pioneering new frontiers in mineral exploration. The company's strategic approach is underpinned by cutting-edge technology, innovative techniques and a deep understanding of the geological intricacies of the region.

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