Mr. Michel David reports

WALKER RIVER ANNOUNCES INTERCEPTS INCLUDING 2.62 G/T OVER 41.1 METERS AT THE LAPON GOLD PROJECT

Walker River Resources Corp. has released additional assay results from the 2024 reverse circulation (RC) drill program at the Lapon Canyon portion of the Lapon gold project, located within the Walker Lane gold trend, 60 kilometres (km) southeast of Yerington, Nev.

Highlights:

• Drill hole LC-24-122 returned 2.62 grams per tonne (g/t) gold (Au) over 41.1 metres (m), starting at a depth of 51.8 m, including an intercept of 6.81 g/t Au over 7.6 m, demonstrating the robust nature and consistency of the gold mineralization at the Hotspot zone.
• Drill holes LC-24-120 and LC-24-121 did not reach the presumed position of the Hotspot zone, due to drill set-up problems that forced drilling to be carried out at shallow angles. Notably and unexpectedly, in LC-24-120, gold mineralization was discovered in the overlying granite returning 1.11 g/t Au over 10.7 m at a depth of 64.0 m. The bottom of the hole returned 0.53 g/t Au over 24.4 m, signifying the presumed proximity to the Hotspot zone lurking just below. LC-24-121 also returned gold mineralization at the end of the hole, including 0.62 g/t Au in the last 1.5 m.
• The 2024 drill programs at Lapon Canyon were exploration and definition focused. Drill holes were planned with the intent to define the extent and geometry of the mineralized system and test for new mineralized zones along strike and at depth.
• Drilling at Lapon Canyon is carried out in different directions (azimuths) from the same drill pad, for systematic drilling on section, and drill pads are placed at every 30 to 60 m, with up to five holes per pad.
• Previous and current drilling programs continue to define a subhorizontal to horizontal geometry of the gold system. High-grade shoots may have developed within the broader mineralized domains.
• Drill holes LC-24-123, LC-24-124 and LC-24-125 were all drilled from the same drill pad, located at the juncture of the uppermost drill access road. This is located within fresh granite (the top of these holes is mineralized) over 100 m north of the interpreted projection of the Hotspot zone. Drilling was carried out here to gain geological bedrock knowledge; drill hole LC-24-123 returned no significant results. However, significant gold mineralization was encountered in LC-24-124 and LC-24-125. LC-24-124 returned 0.37 g/t Au over 7.6 m, starting at zero m, and 1.91 g/t Au over 6.1 m, starting at 117.4 m. LC-24-125 returned 0.41 g/t Au over 7.6 m, starting at zero m, and 0.56 g/t Au over 4.6 m, starting at 94.5 m.

Michel David, Walker River's president and chief executive officer, states: "We continue to be excited by the results from Lapon Canyon. Even in what is believed to be barren rock, we received encouraging results. We cannot take any portion of the project for granted, as gold may be found in the most unexpected places. The need for considerable drilling is evident and the arrival of our partners Nevada Canyon Gold Corp. now makes this possible. We look forward to additional results from Lapon Canyon and very excited with our ongoing and future exploration."

Presently, work at Lapon Canyon consists of data compilation, interpretation and resource modelling. Further results will be released as they become available. Fieldwork will restart as soon as conditions allow.

The results from the 2024 drill programs and subsequent data compilation will enable the completion of an initial National Instrument 43-101-compliant mineral resource on the project.

Sampling methodology, chain of custody, quality control and quality assurance (QC/QA)

All sampling was conducted under the supervision of the company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored.

A blank or certified reference material was inserted approximately every 10th sample. The Lapon Canyon samples were delivered to American Assays Laboratories' certified laboratory facilities in Sparks, Nev. The samples were crushed and pulverized, and the sample pulps digested and analyzed for gold using fire assay fusion and a 50-gram (g) gravimetric finish. Certain intensely altered samples used a one-kilogram (kg) pulp screened to 100 microns (duplicate assay on screen undersize) (assay of entire oversize fraction). Samples are taken and bagged directly at the drill rig at every 1.5 m interval, standard in the exploration industry. A small sample is also taken at the drill rig, and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often, this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, Nev.

The scientific and technical information contained in this news release has been reviewed, verified and approved by Dave Nuttall, PGeo, president of GEO Exploration Ltd., who is an independent qualified person as defined under NI 43-101, Standards of Disclosure for Mineral Projects.

About the Lapon gold project

The Lapon gold project consists of 149 claims (3,103 acres) situated in the Wassuk Range, within the Walker Lane shear zone, a 100 km wide structural corridor extending in a southeast direction from Reno, Nev. Lapon Canyon (96 claims) is subject to an exploration stream earn-in agreement with Nevada Canyon Gold (news release dated Feb. 3, 2025). The project is easily accessible by secondary state roads from the main highway (25 km) and is located approximately 60 km southeast of Yerington, Nev. A state power grid transmission line passes within three km of the project. The Lapon gold project includes Lapon Canyon, the Pikes Peak claims located four km to the north, and the Rattlesnake and Range Front claims three km to the west and over 600 m lower than the present drilling at Lapon Canyon.

The Rattlesnake, Range Front and Pikers Peak claims cover over eight km of possible extensions of the range front zones to the west, north and south of Lapon Canyon, adding several additional drill target areas to the project. Rattlesnake and Pikes Peak contain numerous historical mining and milling areas that consist of adits at different levels, shafts and underground workings, and a network of existing roads providing access throughout. Little or no exploration work has been carried out on these claims prior to Walker's arrival. It is notable that the Rattlesnake area and adits are on strike with the Lapon Canyon discoveries located three km on strike and 600 m above. Lapon Canyon hosts historical high-grade gold mining with approximately 2,000 feet of undergoing workings in three adits. Historical underground work returned numerous assay values in the one-ounce-per-ton range, with a sample at the end of the A adit returning 20.6 ounces per ton Au (NI 43-101, Montgomery and Barr, 2004).

We seek Safe Harbor.