Drill Results From The Lapon Gold Project

VANCOUVER - Walker River Resources Corp. reported drill results from its 2020-2021 reverse circulation (RC) drill programs. These results are from the Lapon Canyon portion of the wholly owned Lapon Gold Project, located within the Walker Lane shear zone in northern Nevada. Results: RC drill hole LC21-58 returned 9.45 g/t Au over 16.8 meters, including 39.2 g/t Au over 3 meters, at a depth of approximately 15 meters. From surface to 29 meters the hole returned 5.3 g/t over 29 meters; RC drill hole LC21-57 returned 1.02 g/t Au over 24.4 meters, and 2.12 g/t Au over 9.2 meters, at depths starting at approximately 9 meters. The second assay is significant as it was from unaltered granite, which to date has been essentially barren; RC drill hole LC20-53 returned 1.04 g/t Au over 59.5 meters, at a depth starting at 7.6 meters; RC drill hole LC20-50 returned 1.42 g/t Au over 13.7, at a depth of starting at 12 meters.

Key Highlights: The initial results from the 2020-2021 drill programs expand the gold mineralization at Lapon Canyon, further define the direction and dip of the higher-grade structures and discovered gold mineralization in areas previously unknown to carry gold (i.e. unaltered granite); Notably in Hole LC 21-58, the higher-grade intercept was located just before entering an old underground mining stope that continued for some 8 meters, clearly demonstrating the potential thickness and scope of the higher-grade structures; The December 2020 drill program was designed to ascertain granite contacts and their relationships with the altered gold mineralized alteration zones. Drill holes LC 20-50 to 53 unexpectedly returned significant gold mineralization and thicknesses, further demonstrating the potential to increase the widths of known mineralization; The 2021 drill program will continue to target the higher-grade trends and expand the new gold mineralization previously discovered at the 8800-foot elevation, at the Honeypot, and other targets; and The 2020-2021 drill programs at Lapon Canyon consist of systematic drilling on section for geological modeling purposes, as well as exploration drilling to discover new gold mineralization and extend known gold mineralization.\

The gold mineralization at Lapon Canyon is contained in a wide (300 meters), long (over 4km strike length), intensely altered (sericite, iron oxides) sheared and faulted NE trending zone. Gold mineralization is present pervasively throughout as an envelope of lower grade mineralization (0.5 to 2.0 g/t Au) enveloping distinct high-grade structures, that have been drilled over a strike length of 800 meters and a vertical extent of 400 meters.

The high-grade gold mineralization was encountered in discrete, traceable zones located at the intersection of flat lying porphyry dikes and vertical stockwork fracture chimneys. Examples of high-grade drill hole intercepts include: 48 g/t over 13.7 meters in hole LC 16-10; 39 g/t over 12.0 meters in hole LC 16-12; 31 g/t over 13.7 meters in hole LC 18-29; 96 g/t over 13.7 meters in hole LC 19- 42; and 94 g/t over 6.1 meters in hole LC 19- 43. Gold mineralization is open.

The present drill program at the Lapon Canyon portion of the Project, consists of systematic drilling on section for geological modeling purposes. Exploration drilling to discover new gold mineralization and extend known gold mineralization. At least 60 – 65 drillholes are planned in the present program.

At the Pikes Peak portion of the Project, the Company has completed access for future exploration. An additional mapping and sampling program is currently underway, initial results returned values of 9 g/t Au and 2.22% Cu from outcrop. Significant historical milling and mining workings are present. At least 10 holes are planned here and drill program permitting is currently underway.

The Rattlesnake portion contains historical adits and extensive gold placer mining activities, all within the altered sheared zone encountered at Lapon Canyon, some 600 meters higher and 3 km on strike from Rattlesnake. At least 10 holes are planned here. Finally, the Company has completed its interpretation at the Garfield Flats Copper-Gold Project and is planning at least 10 holes in 2021.