Mr. Kit Marrs reports

WESTERN ALASKA MINERALS FILES FINANCIAL STATEMENTS FOR THE YEAR ENDED DECEMBER 31, 2023

Western Alaska Minerals Corp. has filed its audited consolidated financial statements, management's discussion and analysis, and annual information form for the year ended Dec. 31, 2023. These filings can be found on the company's website and the company's SEDAR+ profile.

2023 corporate highlights:

• Expanded the high-grade silver-zinc-lead discovery at the Waterpump Creek zone of the CRD system to a 450-metre strike length;
• Identified an initial resource of 75 million ounces of 980 grams per tonne gold equivalent at WPC;
• Completed an ultrahigh-resolution 3-D induced polarization geophysical survey, the results of which have generated compelling drill targets for expansion potential of the company's inventory of high-grade ounces;
• Raised $8.69-million in two financings.

Corporate update

The company also announces that Alex Tong will be resigning from his part-time role of chief financial officer, effective June 30, 2024. Mr. Tong will continue to serve in the role of CFO until June 30, 2024. The company will be conducting a search to find a new CFO prior to Mr. Tong's departure.

Mr. Tong joined Western Alaska as CFO on April 1, 2021, and was instrumental in facilitating the company's reverse takeover process for listing on the TSX Venture Exchange in November, 2021. Additionally, Mr. Tong played a significant role in each of the company's five financings since November, 2021, raising a total of $30.69-million.

Chief executive officer Kit Marrs stated: "I would like to thank Alex for his three years of hard work in helping Western Alaska Minerals transition from a private exploration company to a listing on the TSX-V and the completion of multiple financings. I wish Alex well in his new role as he pursues new horizons for professional advancement."

About Western Alaska Minerals Corp.

Its 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 lie 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. Its strategic approach is underpinned by cutting-edge technology, innovative techniques and a deep understanding of the geological intricacies of the region.

We seek Safe Harbor.