Western Alaska Minerals reported the first assay results from the initial step-out phase of its second-year drilling program at the 100% owned 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. Extends WPC system to 495m in total length. Hole WPC23-0030 was part of a 2-drill hole step-out program to test the down-plunge continuation of the WPC system to the south.

This hole was drilled from the same pad as WPC22-22, but at an angle of -70° to the south. WPC22-022 intersected what is believed to be a feeder chimney with multiple high-grade zones of mineralization. Detailed description of these intercepts, along with the infill drill intercepts, were previously reported.

The intercepts highlighted above are dominated by in-situ gossan laced with remnant galena. Pb and Zn carbonates and oxides are present throughout the intercepts. The apparent gap in mineralization from 249.3 to 262.1 shown in Table 1 reflects massive barren late-stage pyrite, similar to WPC22-018 and WPC22-022.

The results reported in this release and the results of the 4 other WPC holes drilled in 2023 combined with the results from the previous 26 drill holes in the Waterpump Creek structural zone confirm the continuous nature of massive sulfides 30 to 75 meters wide and 495 meters in length plunging gently to the south. Initial drilling to locate the interpreted faulted projection of the WPC mineralization 700m farther to the south at the Last Hurrah target is complete. Last Hurrah lies across the Illinois Creek fault from WPC and was identified as a promising target based on reinterpretation of historical geology, soil geochemistry, geophysical surveys, and previous drilling by Anaconda and NovaGold.

A fence of four widely spaced holes (~120 m) (LH23-0005 to LH23-0008) was drilled along an east-west transect across north-south aligned alteration vectors to hone in on mineralization in this unexplored area. All holes intersected pervasive and complex alteration including sanding, bleaching, and UV fluorescence demonstrating that multiple pulses of hydrothermal fluids affected the zone. Hole LH23-0005 is the highlight, having the pervasive "Barbeque Rock" (intense orange and pink Shortwave UV) fluorescence with corresponding anomalous Pb and Zn values shown by a hand-held XRF Analyzer.

The responses are akin to what was seen in hole WPC22-021, 30m outboard of the high-grade WPC sulphide intercept in hole WPC22-022, strongly suggesting close proximity to mineralization.