Western Alaska Minerals announced additional visual observations of core from its ongoing drilling at the Waterpump Creek carbonate replacement deposit ("CRD"). Visual observations for WPC22-01 thru 13 were released previously (See News Release of July 5, 2022). Assay results from WPC22- 07, 08, 11 and 13 are pending and expected shortly.

New Visual Drill Results Ongoing exploration drilling focused on extending the Waterpump Creek bonanza carbonate replacement mineralization has intersected 101.7 and 47 meters of massive sulfide and banded dolomite sphalerite mineralization in drillholes WPC22-018 and WPC22-017, respectively. Both holes are vertical drill holes. The 47-meter thick WPC22-17 intercept lies just over 200 meters south and 30 meters west of WAM's 2021 discovery drillhole WPC21-09 (See News Release of November 15, 2021).

The 101.7-meter intercept in WPC22-18 was drilled another 50 meters south of WPC22-17 and is the thickest to date at the Waterpump Creek deposit. True thickness of the WPC22-18 intercept is not determinable at this time but the exceptionally long interval may indicate high-angle chimney-style mineralization linking the manto-form mineralization encountered previously. This relationship is commonly seen in CRD's but additional drilling is needed to understand the geometry encountered in these two holes and their relationship to earlier massive sulfide intercepts.

The mineralized Iintervals encountered in 2022 drilling to-date show zones of massive sphalerite and argentiferous galena in a matrix of secondary dolomite alternating with banded dolomite- rich replacement mineralization. In some drill holes, internal zones of oxidized gossan with small voids are present. Multiple phases of mineralization are apparent, and zones of lead-dominant and zinc-dominant mineralization are intermingled throughout sections of the core.

Silver cannot be determined visually, but handheld XRF analyzer indicates the galena carries significant silver. Historic assays show a strong correlation between silver and lead with each 1% lead associated with approximately 1 oz/tonne silver.