Mr. Kevin Brewer reports

WALKER LANE RESOURCES LTD. CLOSES FIRST TRANCHE OF ITS PRIVATE PLACEMENT OF UNITS

Further to the news release dated Feb. 23, 2026, Walker Lane Resources Ltd. has closed the first tranche of its non-brokered private placement through the issuance of 250,000 flow-through units of the company at a price of 14 cents per FT unit for gross proceeds of $35,000; and 1.28 million non-flow-through units of the company at a price of 12.5 cents per unit for gross proceeds of $160,000, for aggregate gross proceeds of $195,000.

Each FT unit consisted of one common share of the company, issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one transferable non-flow-through share purchase warrant. Each unit consisted of one common share of the company and one warrant. Each whole warrant entitles the holder thereof to acquire one non-flow-through common share of the company at a price of 16 cents per warrant share for a period of 24 months from the closing date of the private placement.

Proceeds from the sale of FT shares to eligible investors in Canada will be used to incur Canadian exploration expenses and flow-through mining expenditures as these terms are defined in the Income Tax Act (Canada). Such proceeds will be renounced to the subscribers with an effective date not later than Dec. 31, 2026, in the aggregate amount of not less than the total amount of gross proceeds raised from the issue of FT shares.

The net proceeds from the sale of FT units will be used to finance the company's exploration program at its Amy and Silver Hart properties in the Rancheria silver district (Yukon/British Columbia), and the net proceeds from the sale of NFT units will be used for general working capital.

In connection with the private placement, the company paid a finder's fee of $9,000 in cash and issued 72,000 non-transferable warrants to a certain finder. The terms of the finder warrants are the same as the warrants distributed in the FT units and the NFT units.

All securities issued pursuant to the private placement are subject to a four-month-and-one-day hold period under Canadian securities laws.

The company will allocate some of the funds toward completing outstanding regulatory and compliance matters to lift its default status and address financial reporting requirements, which include the completion of the audit of the financial statements for the year ended Sept. 30, 2025. The company is in discussions with its auditor on these matters and expects that the filings will be completed as soon as possible. This will ultimately resolve the current management cease trade order that has been issued by the B.C. Securities Commission on the company directors and officers. It will also enable the company to pursue additional financing options at that time should it be appropriate.

About Walker Lane Resources Ltd.

Walker Lane is a growth-stage exploration company focused on the exploration of high-grade gold, silver and polymetallic deposits in the Walker Lane gold trend district in Nevada and the Rancheria silver district in Yukon/British Columbia and other property assets in Yukon. The company intends to initiate an aggressive exploration program to advance its projects through drilling programs with the aim of achieving resource definition in the near future.

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