Mr. Patrick Power reports

LAKE WINN ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

Lake Winn Resources Corp., further to its news releases dated Dec. 8, 2025, Jan. 8, 2026, and Jan. 20, 2026, has closed the second and final tranche of the previously announced non-brokered private placement of units at a price of 5.5 cents per unit. The second tranche closing consisted of 10,534,096 units for proceeds of $579,375.28. In addition to the first tranche closing of 1,222,728 units for proceeds of $67,250.04, the company has raised aggregate gross proceeds of $646,625.32.

Each unit consists of one common share in the capital of the company and one share purchase warrant. Each warrant will be exercisable to purchase an additional share at an exercise price of eight cents per warrant share for a period of 24 months after the date of issuance.

All securities issued in connection with the second tranche of the offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation expiring on May 29, 2026.

In connection with the second tranche of the offering, the company paid an aggregate cash finder's fee of $16,000 and issued 290,909 finder's compensation warrants to an eligible finder. Each finder's warrant entitles the holder to purchase one share at eight cents per share for a period of 24 months from the date of issuance.

The company intends to use the net proceeds from the offering for exploration expenditures related to the company's Little Nahanni project, as well as general working capital and administrative expenses. The offering remains subject to the final approval of the TSX Venture Exchange.

About Lake Winn Resources Corp.

Lake Winn Resources is a mineral exploration company focused on advancing the 100-per-cent-owned Little Nahanni pegmatite project, located in the Northwest Territories near the Yukon border. The project covers 9,682.5 hectares, including a major portion of a 13-kilometre-long, up-to-500-metre-wide, lithium, cesium and tantalum pegmatite dike swarm. The project has had historical drilling and channel sampling that confirm significant lithium, tantalum, cesium and tin.

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