Two Thick High-Grade Mineralized Intervals From Waterpump Creek

TUCSON, AZ - Western Alaska Minerals reported drill assay results from WPC22-20 which intersected two thick multistage massive sulfide horizons at its Waterpump Creek Carbonate Replacement Deposit. The upper intercept cut 1.1 meters grading 883 grams/tonne ("g/t") Silver (28.4 ounce/tonne ("oz/t")), 45.2% Lead and 12.2% Zinc within 11.4 meters grading 284 g/t Silver (9.1 oz/t), 10.9% Lead and 14.8% Zinc. The lower intercept cut 2.7 meters grading 297 g/t Silver (9.5 oz/t), 10.6% Lead and 2.8% Zinc within 20.7 meters grading 171 g/t (5.5 oz/t) Silver, 5.8% Lead and 9.4% Zinc.

Highlights of Hole WPC22-20: WPC22-20 is located 50 meters south and 25 meters west of WPC22-018, which cut 101m of massive sulfides interpreted as a feeder chimney; The WPC22-20 high-grade intercepts appear linkable to high-grade zones in the interpreted WPC22-018 chimney; Both intercepts show classic multi-phase CRD-style massive sulfide mineralization with silver-rich lead mineralization stages cutting earlier zinc-rich stages; and Similar mineralization has now been cut at similar elevations in 10 drill holes indicating a continuous elongate body 30 to 75 meters wide and 400 meters in length.

"These two thick intercepts tie together with similar mineralization in nine other holes to give us 400 meters of continuous high-grade mineralization fed from the chimney we cut in WPC22-018," said Kit Marrs, CEO. "This discovery stems from our technical team's follow-up on last year's initial intercept in the zone. We think we've latched onto a major silver-lead-zinc system so the Company has purchased three more drill rigs for more aggressive exploration starting next spring."