Mineralization Extended At The Waterpump Creek Deposit

TUCSON, AZ  - Western Alaska Minerals reported on the initial step-out phase of its second-year drilling program at the Waterpump Creek (WPC) silver-rich Carbonate Replacement Deposit ("CRD"). Hole WPC23-0030 extends WPC to 495 meters in strike length. Step-out drill hole WPC23-0030: Cumulative 71.6 meters of multiple high-grade zones. 22.0m of 146 gpt Ag (4.7 opt), 3.3% Pb and 9.8% Zn. 40.2m of 262 gpt Ag (8.4 opt), 10.9% Pb and 4.5% Zn, including 5.3 meters of 729 gpt Ag (23.4 opt), 24.1% Pb and 3.1 % Zn, and 8.6 meters of 493 gpt Ag (15.8 opt), 22.9% Pb and 2.6% Zn - Extends the WPC system at least 45 meters down plunge to the south and demonstrates continuity of the system, and Extends WPC system to 495m in total length.

LH23-0005 cut 21.4m of strongly ultraviolet fluorescent "Barbecue Rock" in "Fugitive Calcite" veining, a proximal "exhaust" feature of CRD mineralization according to CRD expert, Dr. Peter Megaw, technical advisor to WAM. Similar Barbeque Rock surrounds mineralization at the Waterpump Creek deposit, where it occurs within 25m to 50m of high-grade CRD massive sulphide mineralization.

"We welcome this proof that high-grade mineralization at Waterpump Creek remains open to the south and that the distinctive CRD alteration seen there is turning up in our drilling 700m farther south at Last Hurrah," said Kit Marrs, CEO. "We look forward to continuing drilling at Last Hurrah to find the sulphides that the alteration is telling us should be nearby and trace it back towards WPC, which may just be the tip of the finger of a major CRD manto.”