Mr. Kevin Brewer reports

WALKER LANE RESOURCES ANNOUNCES CHANGE OF AUDITOR AND HAS RETAINED ITS FULL INTEREST IN THE SILVERKNIFE PROPERTY, B.C.

Walker Lane Resources Ltd. has changed its auditor from Manning Elliott LLP to Davidson & Company LLP. The audit committee of the company recommended that the company change its auditor from Manning Elliott to Davidson & Company. The company and the former auditor both mutually agreed to part ways.

The board of directors considered the recommendation of the audit committee and appointed the successor auditor as the auditor of the company, effective as of April 14, 2026, to hold office until the next annual meeting of shareholders of the company. There were no reservations, modified opinions or reportable events (as defined in National Instrument 51-102) in connection with each of the former auditor's audit of the company that occurred prior to Manning Elliott's resignation as auditor of the company, and the notice of change of auditor was approved by the company's board of directors.

In accordance with National Instrument 51-102, the notice of change of auditor, together with the required letters from the former auditor and the successor auditor, has been reviewed by the audit committee and the board of directors, and has been filed on SEDAR+.

Walker Lane Resources has received written notice from Coeur Mining that Coeur intends to terminate the Silverknife property option agreement as of May 24, 2026. The termination of the Silverknife option reflects Coeur's renewed focus on the Silvertip mine itself.

"On behalf of Walker Lane, I would like to thank Coeur and the Coeur Silvertip team for the high quality of work that was conducted at Silverknife, and we wish them the best in their progress at Silvertip," stated Kevin Brewer, president and chief executive officer. "Coeur's work included a property-wide airborne radiometric and electromagnetic survey that served to verify large zones of exploration prospectivity, and also completed a lidar survey that has many practical uses for project planning and implementation."

Coeur completed 1,827.5 metres of drilling in the Silverknife Central zone in 2024, largely testing possible fault structures within that zone and attempts to extend the strike length of previously identified CRD (carbonate replacement deposit) mineralization within prospective stratigraphy. Highlights of drilling results in the Silverknife Central zone include:

• Hole 85-4 -- 7.25 metres (m) of 156.3 grams per tonne (g/t) silver (Ag), 2.65 per cent lead (Pb) and 3.09 per cent zinc (Zn);
• Hole 85-6 -- 0.2 m of 137.4 g/t Ag, 1.9 per cent Pb and 3.42 per cent Zn;
• Hole 85-21 -- 4.3 m of 899.9 g/t Ag, 10.14 per cent Pb and 7.02 per cent Zn;
• Hole 87-35 -- 18.02 m of 129.3 g/t Ag, 1.67 per cent Pb and 3.02 per cent Zn;
• Hole 87-38 -- 9.99 m of 166.2 g/t Ag, 1.73 per cent Pb and 3.15 per cent Zn;
• Hole 87-39 -- 4.63 m of 98.6 g/t Ag, 4.60 per cent Pb and 3.97 per cent Zn;
• Hole 87-40 -- 5.94 m of 192.3 g/t Ag, 3.47 per cent Pb and 3.65 per cent Zn;
• Hole 87-43 -- 8.00 m of 63.6. g/t Ag, 1.59 per cent Pb and 4.85 per cent Zn;
• Hole 87-44 -- 3.66 m of 233.2 g/t Ag, 6.21 per cent Pb and 4.78 per cent Zn.

In 2023, Walker Lane also had a successful drill program and on March 20, 2024, announced work summarizing the vast potential of the property in four large zones of exploration prospectivity and on April 15, 2024, release drill hole results from the 2023 drilling, of which six of nine holes intersected CRD mineralization.

Management is of the belief that the Silverknife property is highly prospective for CRD-style mineralization. Coeur's 2024 and 2025 programs helped to further define the prospectivity of the area that is immediately proximal to Silvertip's Silvertip mine property.

The presence of a CRD system is evidenced by diagnostic features noted at Silvertip and elsewhere in the world, including fugitive calcite veining that fluoresces in UV (ultraviolet) light (displaying the classic barbeque pink and orange fluorescence), recrystallization of the host limestones, disseminated pyrite-sphalerite and galena sulphide, and derived oxide mineralization. These are all evident features found on the Silverknife property within outcrops.

Management's next steps are to incorporate the data from Coeur's work and data from Walker Lane's programs to derive vectors to target drilling and prepare for a permit application to advance work in the Tootsee North and Silverknife Central zones.

Walker Lane retains a 100-per-cent ownership interest in the Silverknife property in north-central British Columbia.

Qualified person

Mr. Brewer, a registered professional geoscientist, is the company's president and CEO, and qualified person (as defined by National Instrument 43-101). He has given his approval of the technical information pertaining reported herein. The company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying, and all other technical data.

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 its projects through drilling programs with the aim of achieving resource definition in the near future.

We seek Safe Harbor.