Western Alaska Minerals reported its first assay results from the initial phase of its second-year drilling program on the 100% owned Waterpump Creek ("WPC") Carbonate Replacement Deposit ("CRD"). Highlights: Infill drill hole WPC23-0029 intersected two high grade zones: 19.4 meters of 158 gpt Ag (5.1 opt), 5.3% Pb and 11.5% Zn from 145.1 to 164.5 meters; Including 3.0 meters of 253 gpt Ag (8.1 opt), 9.7% Pb and 15.9 % Zn from 145.1 to 148.1 meters. 2.9 meters of 173 gpt Ag (5.6 opt), 6.7% Pb and 13.9% Zn from 176.0 to 178.9 meters.

The hole was lost due to (sandy, dolomitic) drilling conditions and left in mineralization. 2023 drilling at Waterpump Creek confirms continuous mantos of massive sulfide. Infill drilling will provide sufficient data points to enable (the Company) to move toward a preliminary resource estimate at WPC (subject to independent review).

The results reported in this release and the results of the 4 other WPC holes drilled in 2023 (see Press Release of July 6, 2023) combined with the results from the previous 26 drill holes in the Waterpump Creek structural zone confirm the continuous nature of massive sulfides 30 to 75 meters wide and 495 meters in length plunging gently to the south. Phase II Drilling: Last Hurrah Target: At the time of this release, a drill continues to turn at the Last Hurrah target, believed to be offset relative to WPC to the south-southwest by the Illinois Creek fault. Last Hurrah was identified by geology, previous drill results and a geophysical anomaly which may be analogous to that seen at Waterpump Creek.

Update on 3D IP Geophysical Program: The ultra high-resolution geophysical program, covering 54 km is now complete. Modeling and interpretation are underway. The Company expects the results to help vector drill targeting.