Mr. Michel David reports

WALKER TO CLOSE NON-BROKERED PRIVATE PLACEMENT

Walker River Resources Corp., further to its news release of May 26, 2023, intends to close the non-brokered private placement offering today with the issuance of a total of 3,125,000 units of the company at a price of 16 cents per unit for proceeds of $500,000.

Each unit consists of one common share in the capital of the company and one share purchase warrant, whereby each warrant shall be exercisable by the warrant holder to acquire one additional share at a price of 20 cents for a period of 24 months from the closing of the private placement.

In connection with the private placement, the company paid finder fees of $9,436 in cash and issued 58,975 non-transferable finder warrants to an eligible finder. The finders' warrants will have the same terms as the warrants forming part of the units.

An insider of the company subscribed for 107,500 units in the private placement. The participation of insiders in the concurrent financing constitutes a related party transaction, within the meaning of TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The company has relied on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61 101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61 101, in respect of the related party participation in the concurrent financing, as neither the fair market value (as determined under MI 61 101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involved the interested party, exceeded 25 per cent of the company's market capitalization (as determined under MI 61 101).

All securities issued in connection with the private placement are subject to a statutory four-month hold period, expiring Oct. 17, 2023, in accordance with applicable securities legislation. Completion of the private placement is subject to receipt of applicable regulatory approvals, including final acceptance by the TSX Venture Exchange.

The proceeds of the private placement will be used primarily to finance work on the company's mineral properties and for general working capital purposes.

We seek Safe Harbor.