Alaska's Rich Mineral Legacy Continues: Western Alaska Minerals' Latest Discoveries

Published: Tue, 10/08/24

Updated: Tue, 10/08/24

Western Alaska Minerals (TSX.V: WAM | OTCPK: WAMFF): Unveiling Alaska's Next Mineral Frontier

Western Alaska Minerals invites investors to join our compelling exploration journey, where historical discoveries meet modern expertise in one of North America's most prospective mineral regions. Building on Anaconda Mining's pioneering work from the 1980s, we're writing the next chapter in Alaska's rich mining history.

Over the span of 10 years, management consolidated a 29,500-hectare land package on mining-friendly state land, strategically situated near the Yukon River and featuring a 12-mile internal road system, offering unparalleled access to a treasure trove of mineral potential. At the heart of our project lies a 5-mile mineralized corridor, anchored by two significant deposits.

This unique project boasts a high-grade silver deposit, on the north end, with additional northern expansion potential. On the opposite end exists a historic gold-silver-copper mine, now complemented by a newly discovered zone about 1 mile south, potentially signaling a parallel system. This geological bookend scenario presents a rare opportunity in the mining sector.

Building on our recent successes and guided by our team's deep regional expertise, Western Alaska Minerals is strategically positioned to further explore the potential of our extensive land package, with the aim of identifying additional mineralized zones within our promising corridor.

Our team, comprised of veteran Alaska explorationists with credits including Donlin, Bornite, Pebble, and Greens Creek, brings unmatched regional expertise to our endeavor. Their proven track record in discovering world-class deposits in Alaska speaks volumes about our project's potential.

Western Alaska Minerals offers more than an investment; it's an opportunity to be part of a significant discovery story in a mining-friendly jurisdiction. As we advance our understanding of this mineral-rich corridor, we invite you to grow with us in what could be Alaska's next great mineral discovery.

The Company went public in November 2021 and has made significant discoveries with each season, drilling as a publicly traded company.

Share Price: ~$0.50 per share I Market Capitalization ~ $32M

High-grade discovery with potential for a large CRD deposit, backed by a proven team and existing resources in a mining-friendly part of Alaska.

Waterpump Creek High-Grade Silver

WAM is unveiling a large carbonate replacement system (CRD), beginning with a super high-grade silver resource of 75Moz of 980g/t silver-equivalent (inferred), published Feb 2024*, and delineated in just two seasons of focused drilling. Waterpump Creek isone of the cornerstones of our company and is only the beginning of our story.

Illinois Creek - Alaska's First Fully-Permitted Heap Leach Gold Mine

Five miles away from the silver resource lies another resource from the past-producing Illinois Creek mine, which still hosts 357,000 oz of gold and 13.4 million oz of silver in the indicated and inferred resource categories*. The mine went fallow in the 1990s due to gold prices dipping below $300. This resource is based on $1,600/oz gold and $20/oz silver.

Warm Springs - New 2024 Discovery Zone

Western Alaska's 2024 drill program tested two targets between these deposits at either end of the mineralized trend - Warm Springs, about a mile east of Illinois Creek and LH, south of Waterpump Creek. We made a new discovery zone at WS, intercepting the first gold-copper and silver intercepts with our first drill holes this year.

Warm Springs appears to be a parallel system to the Illinois Creek historical mine.

Illinois Creek Project - A 100% owned Mineral District

District-scale claims totaling 29,500 hectares on (mining-friendly) state land with proven past-production
Two polymetallic deposits potentially linked by a 5-mile corridor with plenty of upside potential

Why CRD-style deposits?

Characteristics include high grades, low mining costs
Metallurgically can be simple, minimal environmental impact
Strategic metals (Zn, Ga) could expedite permitting

Team Strength and Strong Investor Base

Crescat Capital, Sprott Resource Fund name just a couple of our five blue chip investment funds
Seasoned discoverers with participation in discoveries of >$1Bn (silver), >42Mozs (gold), >12Blbs (copper)
30% management ownership aligns interests with shareholders
Forging positive relations with local communities since 2017: hiring, training, community support initiatives

Next Catalysts

Updated geologic model from 2024 field program will vector the next drill targets
Updated metallurgy and valuation with modern metals prices will be applied to the Illinois Creek Mine resource
New targeting will focus on untapped potential north of Waterpump Creek high-grade silver, west and south of the past-producing Illinois Creek Mine, and in between along the corridor

Join us as we push the boundaries of mineral discovery in Alaska's rich geological landscape.

For more information, please contact:

Western Alaska Minerals Corp.

Email: info@westernalaskaminerals.com
Phone: 520-200-1667

Thank you,

Kit Marrs
President & CEO

* Visit www.westernalaskaminerals.com for full details.

Information contained herein has been obtained from sources believed to be reliable, but there is no guarantee as to completeness or accuracy. Because individual investment objectives vary, this Summary should not be construed as advice to meet the particular needs of the reader. Any opinions expressed herein are statements of our judgment as of this date and are subject to change without notice. Any action taken as a result of reading this independent market research is solely the responsibility of the reader.

The Morgan Report is not and does not profess to be a professional investment advisor, and strongly encourages all readers to consult with their own personal financial advisors, attorneys, and accountants before making any investment decision. The Morgan Report and/or independent consultants or members of their families may have a position in the securities mentioned. Mr. Morgan does consult on a paid basis both with private investors and various companies. Investing and speculation are inherently risky and should not be undertaken without professional advice. By your act of reading this independent market research letter, you fully and explicitly agree that The Morgan Report will not be held liable or responsible for any decisions you make regarding any information discussed herein.

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Suite 307
Spokane WA 99201
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