Mr. Kit Marrs reports

WESTERN ALASKA MINERALS COMMENCES 2023 FIELD SEASON

Western Alaska Minerals Corp. has commenced operations and exploration activities at its 100-per-cent-owned Illinois Creek mining district. The company continues to make significant progress in advancing its high-grade, district-scale mineral system, positioning itself for continued exploration success.

Highlights:

• Drilling began on June 2, 2023:
• Objective No. 1: infill drilling at the Waterpump Creek prospect (WPC) proximal to the 2022 major intercept (WPC22-18) to support estimating an inferred mineral resource;
• Objective No. 2: stepout drilling to expand on the 2022 drilling success of consecutive thick, ultrahigh-grade intercepts at WPC and to test new promising targets;
• 113 kilometres of line cutting have been completed in preparation for the Dias geophysical 3-D induced polarization survey to begin this week. This state-of-the-art geophysical survey will cover WPC (north and south) and Last Hurrah (the fault offset of WPC with triple-sized potential) targets.

Chief executive officer Kit Marrs stated: "We are excited about the commencement of the upcoming drill season as we expand on our high-grade Waterpump Creek mineralization with the aid of a new heavy-duty drill rig designed to enhance drill production and core recovery. In 2022, we defined a 450-metre strike length of very-high-grade silver-lead-zinc mineralization, and we anticipate extending the manto this year by potentially to times or three times. The Dias 3-D IP survey could be a game changer for our program. We anticipate that it will provide high-definition drill targeting data."

Camp operations and new drill rig

The camp is fully operational, with technical staff and local hires in full swing. A brand-new Discovery HD (high-definition) drill rig has been deployed on site, passed initial operating tests and is currently in operation. With higher capacity and enhanced capabilities for drilling through altered sanded dolomite host rock, this advanced drill rig will play a critical role in the upcoming exploration program.

High-grade expansion targeting

The company's exploration strategy includes targeting the areas south of the Waterpump Creek carbonate replacement deposit (CRD). The new drill rig will initially focus on the southern extension of WPC and then test potential for the WPC sulphide in Anaconda's Last Hurrah area farther to the south. This strategic approach aims to unlock the untapped potential of this highly prospective region.

Infill drilling for an inferred resource estimate

To support the estimation of an inferred mineral resource, a second drill rig has been deployed to conduct infill drilling near the high-grade hole WPC22-018 (see Sept. 22, 2022, news release). This targeted drilling will provide valuable data while enhancing the understanding of the mineralization in this area and contribute to a maiden mineral resource estimate for WPC.

3D IP survey and inversion modelling

The company is pleased to announce the commencement of a modern 3-D distributed array IP/resistivity survey at the WPC project by Dias Geophysical. This survey is planned to accelerate drill targeting at the company's high-grade carbonate replacement silver-lead-zinc target. The innovative geophysical survey takes full advantage of Dias's cutting-edge technology. The patented system provides maximum data density, affording the company the most accurate shallow and deep subsurface electrical information available. Utilizing the long Alaskan daylight hours along with increased crews allows Dias to carry out this large-scale survey efficiently and leaves no sign of disturbance after being removed. The data will be processed with advanced 3-D inversion modelling as the survey progresses for real-time drilling decisions.

About Western Alaska Minerals Corp.

The company is an Alaska- and Arizona-based company, listed on the TSX Venture Exchange and focused on discovery of high-grade, district-scale ore systems in the historic Illinois Creek mining district, located in western Alaska. Its 100-per-cent-owned claims cover 73,120 acres (114.25 square miles or 29,591 hectares), roughly 45 kilometres from the Yukon River. The district encompasses at least five deposits containing gold, silver, copper, lead and zinc, and was originally discovered by Anaconda Minerals Co. in the early 1980s. Since 2010, Western Alaska Minerals, along with precursor Western Alaska Copper & Gold Company, has reassembled the Anaconda property package and been engaged in exploring the district.

The company remains focused on delivering value to its shareholders and stakeholders while adhering to the highest standards of environmental stewardship and community engagement.

We seek Safe Harbor.