Western Alaska Minerals Corp. announced updated interpretations of geological, geochemical, and geophysical surveys, which combined, indicate multiple high- potential carbonate replacement deposit and porphyry copper-gold drill targets on the 100%-owned Illinois Creek property in Alaska, USA. Execution Plans The Company is having additional drilling rigs built for fast-track testing of the numerous targets emerging from the updated exploration model.

Current plans are to drill up to 17,000m in 2023, deploying up to 4 rigs to both expand the Waterpump Creek mineralization discovered in 2022 and begin testing the property wide CRD exploration targets. A modern 3D IP/resistivity geophysical survey is planned to: Confirm and improve resolution of the reinterpreted Waterpump Creek/Last Hurrah sulfide anomaly; and Define additional anomalies over a 3 x 6 km area of the East Block north and south of the Waterpump Creek discovery. A district-wide helicopter-borne geophysical survey to further the understanding of the geologic framework of the East and West Blocks, and to define additional targets including copper-gold porphyry/skarn deposits is also being planned.

Technical Background for 2023 Exploration Program: The regional geologic model has greatly improved over the past few months through integration of historical and new geophysics, geochemistry, and geology from drilling. The updated and improved components for the new exploration targeting model include: An interpretive property-wide geologic map; Further evidence that identified geochemical anomalies show direct correlation with mineralization; CSAMT geophysical survey profiles and lithology from recent and historical drilling provide for a new geologic framework including several faults believed to have controlled CRD mineralizing fluid migration; Reprocessed Induced Polarization (IP)/resistivity geophysical survey results, including 3D inversion modeling and detailed geophysical parameter measurements on drill core; and Modeling of the Waterpump Creek high grade silver-lead-zinc sulfide body. Importantly, the new geologic interpretation shows the East Block and the West Block, two different lithostratigraphic/structural blocks, separated by "Wade's" fault.

Each shows distinct geological frameworks and unique exploration targets of significant scope. In the East Block, major lead-zinc anomalies occur in dolomites, reflecting leakage from the Waterpump Creek feeder structure. A major soil anomaly at the Last Hurrah target continues for another 2 kilometers and may reflect the presence of the Waterpump feeder fault downdip.

In the West Block, major lead and zinc anomalies reflect where the mineralized permissive carbonate stratigraphy comes to surface between the Illinois Creek fault and the Warm Springs fault. These anomalies reflect the Illinois Creek oxide gold-silver deposit. South of the Illinois Creek pit and the Warm Springs fault, an extensive (1.5 x 1.5 km) newly recognized copper, gold, lead, zinc soil anomaly continues to the south along an apparent NNW to NNE-trend.

This anomaly with its copper and gold signature could suggest leakage from a possible porphyry center at depth.