Mr. Patrick Power reports

LAKE WINN ANNOUNCES CLOSING OF FIRST TRANCHE OF PRIVATE PLACEMENT

Further to the news release dated Dec. 8, 2025, Lake Winn Resources Corp. has closed the first tranche of the previously announced non-brokered private placement of up to 7,272,727 units at a price of 5.5 cents per unit.

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.

The first tranche closing of the offering occurred on Dec. 10, 2025, and consisted of 1,222,728 units for aggregate gross proceeds of $67,250.04. All securities issued in connection with the first tranche of the offering are subject to a statutory hold period of fourth months plus a day in accordance with applicable securities legislation expiring on April 11, 2026.

In connection with the first tranche of the offering, the company paid aggregate cash finder fees of $2,200 and issued 40,000 finder compensation warrants to an eligible finder. Each finder warrant entitles the holder to purchase one share of the company 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.

About Lake Winn Resources Corp.

Lake Winn 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 historic drilling and channel sampling that confirm significant lithium, tantalum, cesium and tin.

We seek Safe Harbor.