Walker River Resources Corp. announced drill results from the late 2021 reverse circulation (RC) drill program at the Lapon Canyon portion, of its 100% owned Lapon Gold Project located approximately 60 kilometres southeast of Yerington, Nevada. Drill results confirm the discovery of a new high grade gold mineralized zone (the “Hotspot”).

LC 21-80 returned 7.62 g/t Au over 48.8 meters, including 77.16 g/t Au over 4.5 meters. LC 21-81 returned 5.68 g/t Au over 60.9 meters, including 17.76 g/t Au over 18.3 meters, and 99.7 g/t Au over 1.5 meters. LC 21-82 returned 1.84 g/t Au over 122 meters including 8.61 g/t Au over 9.2 meters, and 4.28 g/t Au over 47.3 meters, the latter two results being in granite.

The hole ended in gold mineralization at 122 meters. Key Highlights: The presence of significant gold mineralization in granite (LC 21-82), demonstrates new and significant potential to the project. Previously the granite was thought to be barren.

The Company will now undertake to assay granites from the previous drillhole samples not sent to the lab. It is now warranted to drill longer and deeper holes at Lapon Canyon, with significant gold mineralization recently discovered within the granite at the Hotspot, previously unknown to exist on the Project. Hole 21-65 (1.88 g/t over 54.5 meters) was the initial discovery hole.

The zone is not visible at surface, as it is covered by a blanket of colluvium and granite boulders. Holes LC 20-35 (1.35 g/t over 22.9 meters) and LC 21-67, located some 100 meters NW of the new Hotspot zone confirmed its discovery. The unanticipated robust nature of gold mineralization discovered at the Hotspot zone, allows the Company to apply the same methodologies at Lapon Canyon's other known mineralized zones.

Including, follow up drilling at the mineralized zones discovered in holes LC 19-42 and 43. The 2022 drill programs at Lapon Canyon will now consist of systematic drilling on section for geological modelling purposes, as well as exploration drilling to discover new gold mineralization and extend known gold mineralization, including, now at depth.