Acquisition Of Three Mineral Properties Approved In The Walker Lane Gold Trend

VANCOUVER - Walker Lane Resources Ltd. has received approval on its option agreements on three mineral properties located in the prolific Walker Lane Gold Trend of western Nevada. The original property agreements in the form of letters of intent (LOI), were signed with CMC Metals Ltd. now operating as Walker Lane Resources Ltd (WLR). The LOI’s were restated on May 12, 2025 by WLR, Silver Range Resources and in the instance of the Cambridge Property LOI also including Auburn Mining and supersede the previous agreements of March 8, 2025 for Tule canyon LOI and March 10, 2025 for the Cambridge and Silver Mountain LOI’s. The parties intend for the May 12, 2025 Restated Letters of Intent to be replaced by Definitive Agreements formalizing the option arrangements on or before June 30, 2025, with the effective date of such Definitive Agreements being the date of the respective LOI.

The Tule Canyon Property consists of sixty (60) federal lode mining claims, located in Esmeralda County, Nevada. Tule Canyon is a mesothermal high- grade gold and silver target with two former mines and numerous showings and old workings along a 5km structural corridor.

Silver Range and WLR have executed a Letter of Intent (LOI) granting WLR the option to acquire the Tule Canyon Property. WLR has a first option to acquire 80% of Tule Canyon by paying Silver Range an aggregate $480,000 over four years (all amounts in United States currency) and completing 1,500 meters of diamond drilling by March 8, 2028. A second option to acquire the remaining 20% of Tule Canyon may be exercised by WLR identifying a National Instrument 43-101 compliant measured or indicated resource at Tule Canyon by the end of 2033.