Drilling Extends Waterpump Creek Mineralization

TUCSON, AZ - Western Alaska Minerals reported that drilling continues to hit thick, visually impressive multi-stage massive sulfides in initial step-out and infill holes on its Waterpump Creek (WPC) Carbonate Replacement Deposit (CRD). Step-out drilling - WPC23-0030: Two zones intersected (82.3m and 8.1m thick) of mixed base-metals sulfide and oxides. Extension of WPC zone 45 meters south - WPC23-0032 confirms the location of the Illinois Creek fault, which potentially offsets the southerly continuation of the WPC-Last Hurrah mineralization trend to the west. Infill drilling - WPC23-0029 intersected three zones (19.5m, 2.4m, and 2.1m thick) drilled 28m east of hole WPC22-18 (multiple high-grade zones intersected including 101.7m grading 160 g/t Ag, and 18.5m grading 355 g/t Ag); and WPC23-0033 intersected one zone (6.1m thick), drilled 30m east of WPC22-17 (multiple high-grade zones intersected including 9.8m grading 428 g/t Ag, and 48.8m grading 144 g/t Ag).

Textures and mineralogy in holes WPC23-0029, WPC23-0030, and WPC23-0033 are visually similar and lie at comparable depths to the progression of silver-rich mineralized intercepts cut in 2022, indicating successful infill drilling and extension of the WPC body. Five holes have been drilled, totaling 1,706 meters. WPC23-0031 intersected a 3.1m oxidized zone from 160.3 to 163.4 meters with significant alteration to the dolomite host unit, further defining the western edge of the WPC mineralization. Two rigs are currently turning on the "Last Hurrah" target to the south, exploring for the fault offset of the Waterpump system.

"Overall, what we see in these holes confirms the continuity of the Waterpump Creek massive sulfide body. Notably, they also unveil its potential extension towards the south aligning with the ongoing direction of our drilling efforts." said Kit Marrs, CEO.