Mr. Kevin Brewer reports

WALKER LANE RESOURCES LTD. ANNOUNCES PRECISION GEOSURVEYS CONTRACTED TO COMPLETE AN AIRBORNE GEOPHYSICAL SURVEY AT ITS SILVER MOUNTAIN PROJECT, WALKER LANE GOLD TREND, NEVADA

Precision Geosurveys Inc. has been contracted to complete an airborne total magnetic field and radiometric survey on Walker Lane Resources Ltd.'s Silver Mountain project, located in the prolific Walker Lane gold trend.

Precision Geosurveys, of Reno, Nev., and Langley, B.C., will commence the airborne survey in the next few days following completion of continuing surveys by Precision in the Tonopah area of west-central Nevada. A total of 47 line kilometres will be flown along lines spaced 100 metres apart, 30 metres above ground level. The results are anticipated to be useful in mapping the complex altered volcanic stratigraphy present on the property and to contribute information that will further pinpoint proposed drill targets on the property.

The company has negotiated the right to pay 100 per cent of the costs of this survey to Precision Geosurveys through an issuance of common shares of the company. The terms of the agreement between the company and Precision Geosurveys in this regard state that the deemed price of the securities to be issued will be: (i) determined after the date survey services are provided; and (ii) that the maximum discount allowable and all conditions pertaining to the issue of common shares will be in accordance with Toronto Stock Exchange Policy 4.1. For reasons of maintaining competitive pricing by Precision Geosurveys to the company, the estimated calculation of shares to be issued will not be presented. The company has applied for TSX approval of this transaction and it is not deemed material to the company.

Kevin Brewer, PGeo, president and chief executive officer of Walker Lane Resources, noted: "This survey is a part of our efforts to commence exploration operations as we prepare for future drilling on our assets in the prolific Walker Lane area. As previously announced, an airborne survey is also being conducted at the same time on our Tule Canyon project and is expected to be completed in the very near term. We are very excited to be commencing exploration at the Tule Canyon project. Both of these properties have significant silver potential, which has elevated significance with the recent listing of silver as a critical mineral."

About the Silver Mountain property

The Silver Mountain property is centred at 37 degrees 13N 117 degrees 28W, approximately 57 kilometres (km) southwest of Goldfield in Esmeralda county, Nevada. The property is road accessible and comprises eight claims on BLM (Bureau of Land Management) land with no surface impairments.

While there are numerous exploration workings dating back to at least 1917 in the Silver Mountain property area, there is little documentation of past exploration or mineralization in the public record.

The Silver Mountain property is underlain by Sylvania pluton granodiorite cut by inferred mesothermal or deep epithermal oxidized quartz veins. At the Gulch showing, the veins form a single, steeply dipping, north-striking system traced for about 400 metres (m) in workings. Grab samples from this zone have returned up to 3,270 grams per tonne (g/t) silver (Ag). A chip of 0.6 m at 1,415 g/t Ag and 0.48 per cent copper (Cu) was sampled across the face of a drift in the Silver Bowl mine, the most significant workings along the principal Gulch structure. On surface, chip sampling returned up to 0.4 m at 1,245 g/t Ag from a vein exposed in a pit near the southern end of the principal structure. At the Old Cabin showing, numerous moderately west-dipping, planar extensional veins are exposed in workings along a small ridge. They cut the intrusive rocks over a vertical distance of more than 30 m, forming a stacked vein array. Grab samples from this zone have returned up to 394 g/t Ag.

A video presentation describing results to date at Silver Mountain is available on Silver Range's website and further information is also available on the company website.

Qualified person

Technical information in this news release has been approved by Kevin Brewer, PGeo, who relied on information provided to him by Silver Range and information in the public domain. Historical information cited in this news release was also obtained from Nevada Bureau of Mines and Geology district files and from historical publications. Investors should be cautioned that this information has not been independently verified by either the qualified person or the company.

About Walker Lane Resources Ltd.

Walker Lane Resources is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane gold trend district in Nevada and the Rancheria silver district in Yukon/British Columbia, and other property assets in Yukon. The company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane in Nevada) and Amy (Rancheria silver district in B.C.) projects through drilling programs with the aim of achieving resource definition in the near future.

We seek Safe Harbor.