Mr. Kevin Brewer reports

WALKER LANE RESOURCES ANNOUNCES UPDATE IN AUDIT, PREPARATION OF 2025 FINANCIAL STATEMENTS AND CLARIFICATION ON RELATED PRESS RELEASES

Walker Lane Resources Ltd. is issuing clarification of its disclosure relating to its continuing audit and preparation of its 2025 financial statement. This clarification is a result of a review by the B.C. Securities Commission.

The company wishes to retract and clarify the statement included in its news release dated Jan. 19, 2026, "The company's anticipated failure to file the required filings by the filing deadline is due to recently mandated changes to the presentation of certain investments in its financial statements, requiring part of the already completed audit work to be redone." The company confirms that there were no mandated changes to the presentation of its investments. Rather, the company had substantially completed the preparation of its financial information in advance of the audit process. The delay in filing was primarily attributable to outstanding fee matters with its predecessor auditor, Manning Elliott. The company devoted significant time and effort during March and April, 2026, to resolving these matters. References in prior disclosures -- including "discussions with its auditor" (news release dated March 25, 2026) and "management is actively working with its auditor" (news release dated April 9, 2026) -- were intended to describe efforts to resolve these outstanding fee issues. These statements should not be interpreted as indicating that the predecessor auditor had commenced audit work for the company's financial year ended Sept. 30, 2025. For greater certainty, the predecessor auditor did not perform any audit procedures or otherwise participate in the audit of the company's financial statements for that period.

Following the resolution of the fee matter, the company appointed the successor auditor, Davidson and Co., to conduct the audit for the year ended Sept. 30, 2025, as disclosed in its news release dated May 4, 2026.

About Walker Lane Resources Ltd.

Walker Lane 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. The company is working to position itself to finance proposed exploration programs to further advance its exploration portfolio of high-grade gold and silver prospects.

We seek Safe Harbor.