File: '\\swfile\EmailIn\20261021 161519 Attachment LWR - News Announcing Corporate Updates (Oct 2026).docx'

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LEGAL_50613825.2

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

LAKE WINN RESOURCES ANNOUNCES CORPORATE UPDATES

Vancouver, British Columbia - October 21, 2026 - Lake Winn Resources Corp. ("Lake Winn" or the "Company") is pleased to announce the following updates.

Private Placement Upsize

On September 10, 2026, the Company announced a non-brokered private placement of up to $180,000 (the "Offering"). The Offering is expected to consist of units (the "Units") at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of $0.10 for a period of sixty (60) months from the date of issuance. The net proceeds from the Offering are expected to be used for general working capital.

The Company wishes to upsize the Offering from up to 3,000,000 Units for proceeds of $180,000, to up to 5,000,000 Units for proceeds of $300,000. The Company has not yet filed for conditional approval of the Offering with the TSX Venture Exchange (the "TSXV"). The Company intends to: (i) file for conditional approval in due course and (ii) close the Offering on or before October 30, 2026.

Switchback Option

On June 8, 2026, the Company announced the proposed acquisition of the Silver Switchback Copper-Silver Project in British Columbia (the "Switchback Project") from arm's length third parties for consideration of 2,800,000 Common Shares and total cash payments of $435,000 (the "Option Acquisition").

Subject to closing of the $3M Offering (as defined below), the Company intends to close the Option Acquisition prior to the end of the calendar year.

Private Placement for up to $3,000,000

Concurrently with the announcement of the Option Acquisition, the Company announced a non-brokered private placement of up to $3,000,000 (the "$3M Offering"). The net proceeds from the $3M Offering are expected to be used, in part, to fund the Company's planned 2026 exploration programs at the Little Nahanni Pegmatite Group and the Switchback Project, including the initial cash payment obligations, and for general working capital and related transaction costs. The $3M Offering is expected to consist of units of the Company, with each unit comprising one Common Share and one Common Share purchase warrant.

The Company will be proceeding with the $3M Offering at a later date. Pricing of the $3M Offering, including the terms of the Common Share purchase warrants, will be determined on or about such date. Additional details regarding the $3M Offering, including any finder's fees payable, closing conditions and applicable hold periods, will be provided in the pricing announcement and the closing news release.

Completion of the Option Acquisition, the $3M Offering and the Offering is subject to the receipt of necessary approvals, including the acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

All securities issued in connection with the Offering, the $3M Offering and the Option Acquisition, including the Common Shares to be issued as consideration for the Option Acquisition, will be issued pursuant to available prospectus exemptions and will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

About Lake Winn

Lake Winn Resources Corp. is a Canadian mineral exploration company focused on advancing its 100%-owned Little Nahanni Pegmatite Group ("LNPG") project in the Northwest Territories near the Yukon border. The LNPG project is a lithium-cesium-tantalum pegmatite system supported by historic drilling, channel sampling, geophysical work and geochemical sampling that have identified lithium, tantalum, cesium and tin mineralization.

ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.

Patrick Power

President, CEO & Director

Lake Winn Resources Corp.

Telephone: (604) 218-8772

info@lakewinn.ca

www.lakewinn.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements: Certain statements in this news release are "forward-looking statements" which reflect the Company's current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy, and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "might", "will", "expect", "anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "estimates", "predicts" or "likely", or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Forward-looking statements in this news release include, without limitation, statements with respect to: the terms, size, timing and completion of the Offering and the upsized Offering, including the number of Units to be issued and the gross proceeds to be raised; the intended use of proceeds from the Offering, including for general working capital, and from the $3M Offering; the Company's intention to file for conditional approval of the Offering with the TSXV and to close the Offering on or before October 30, 2026; the terms, size and timing of the $3M Offering, including the expectation that pricing will be determined and announced at a later date; the anticipated closing of the Option Acquisition following completion of the $3M Offering and prior to the end of the calendar year; the Company's planned 2026 exploration programs at the Little Nahanni Pegmatite Group and the Switchback Project; and the receipt of all necessary regulatory and third-party approvals, including the acceptance of the TSXV, in respect of the Offering, the $3M Offering and the Option Acquisition. Whether actual results, performance, or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, completion of the Option Acquisition, the $3M Offering and the Offering. These factors involve various risks and uncertainties that could cause actual results to differ materially from those anticipated by the Company. Investors should not place undue reliance on forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, the Company's ability to raise sufficient funds under the Offering and the $3M Offering on the terms described or at all, failure to obtain TSXV or other required regulatory approvals for the Offering, the $3M Offering or the Option Acquisition on a timely basis or at all, failure to satisfy other closing conditions to the Option Acquisition, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The forward-looking information contained herein is made as of the date of this release and is based on assumptions management believed to be reasonable at the time such statements were made, including assumptions as to the Company's ability to complete the Offering, the $3M Offering and the Option Acquisition on the terms and timelines described herein and to obtain all necessary regulatory approvals. The Company does not undertake any obligation to update or revise such information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

File: Attachment LWR - News Announcing Corporate Updates (Oct 2026).pdf

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES

LAKE WINN RESOURCES ANNOUNCES CORPORATE UPDATES

Vancouver, British Columbia October 21, 2026 Lake Winn Resources Corp. ("Lake Winn" or the "Company") is pleased to announce the following updates.

Private Placement Upsize

On September 10, 2026, the Company announced a non-brokered private placement of up to $180,000 (the "Offering"). The Offering is expected to consist of units (the "Units") at a price of $0.06 per Unit. Each Unit will consist of one common share in the capital of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share (a "Warrant Share") at a price per Warrant Share of $0.10 for a period of sixty (60) months from the date of issuance. The net proceeds from the Offering are expected to be used for general working capital.

The Company wishes to upsize the Offering from up to 3,000,000 Units for proceeds of $180,000, to up to 5,000,000 Units for proceeds of $300,000. The Company has not yet filed for conditional approval of the Offering with the TSX Venture Exchange (the "TSXV"). The Company intends to: (i) file for conditional approval in due course and (ii) close the Offering on or before October 30, 2026.

Switchback Option

On June 8, 2026, the Company announced the proposed acquisition of the Silver Switchback Copper- Silver Project in British Columbia (the "Switchback Project") from arm's length third parties for consideration of 2,800,000 Common Shares and total cash payments of $435,000 (the "Option Acquisition").

Subject to closing of the $3M Offering (as defined below), the Company intends to close the Option Acquisition prior to the end of the calendar year.

Private Placement for up to $3,000,000

Concurrently with the announcement of the Option Acquisition, the Company announced a non- brokered private placement of up to $3,000,000 (the "$3M Offering"). The net proceeds from the $3M Offering are expected to be used, in part, to fund the Company's planned 2026 exploration programs at the Little Nahanni Pegmatite Group and the Switchback Project, including the initial cash payment obligations, and for general working capital and related transaction costs. The $3M Offering is expected to consist of units of the Company, with each unit comprising one Common Share and one Common Share purchase warrant.

The Company will be proceeding with the $3M Offering at a later date. Pricing of the $3M Offering, including the terms of the Common Share purchase warrants, will be determined on or about such date. Additional details regarding the $3M Offering, including any finder's fees payable, closing conditions and applicable hold periods, will be provided in the pricing announcement and the closing news release.

Completion of the Option Acquisition, the $3M Offering and the Offering is subject to the receipt of necessary approvals, including the acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

All securities issued in connection with the Offering, the $3M Offering and the Option Acquisition, including the Common Shares to be issued as consideration for the Option Acquisition, will be issued pursuant to available prospectus exemptions and will be subject to a statutory hold period of four months and one day from the date of issuance, in accordance with applicable Canadian securities laws.

About Lake Winn

Lake Winn Resources Corp. is a Canadian mineral exploration company focused on advancing its 100%- owned Little Nahanni Pegmatite Group ("LNPG") project in the Northwest Territories near the Yukon border. The LNPG project is a lithium-cesium-tantalum pegmatite system supported by historic drilling, channel sampling, geophysical work and geochemical sampling that have identified lithium, tantalum, cesium and tin mineralization.

ON BEHALF OF THE BOARD OF DIRECTORS OF LAKE WINN RESOURCES CORP.

Patrick Power President, CEO & Director Lake Winn Resources Corp.

Telephone: (604) 218-8772 info@lakewinn.ca www.lakewinn.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-looking Statements: Certain statements in this news release are "forward-looking statements" which reflect the Company's current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy, and

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LEGAL_50613825.2 financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as "may", "might", "will", "expect", "anticipate", "estimate", "intend", "plan", "indicate", "seek", "believe", "estimates", "predicts" or "likely", or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Forward-looking statements in this news release include, without limitation, statements with respect to: the terms, size, timing and completion of the Offering and the upsized Offering, including the number of Units to be issued and the gross proceeds to be raised; the intended use of proceeds from the Offering, including for general working capital, and from the $3M Offering; the Company's intention to file for conditional approval of the Offering with the TSXV and to close the Offering on or before October 30, 2026; the terms, size and timing of the $3M Offering, including the expectation that pricing will be determined and announced at a later date; the anticipated closing of the Option Acquisition following completion of the $3M Offering and prior to the end of the calendar year; the Company's planned 2026 exploration programs at the Little Nahanni Pegmatite Group and the Switchback Project; and the receipt of all necessary regulatory and third-party approvals, including the acceptance of the TSXV, in respect of the Offering, the $3M Offering and the Option Acquisition. Whether actual results, performance, or achievements will conform to the Company's expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including, without limitation, completion of the Option Acquisition, the $3M Offering and the Offering. These factors involve various risks and uncertainties that could cause actual results to differ materially from those anticipated by the Company. Investors should not place undue reliance on forward-looking information. Important factors that could cause actual results to differ materially from the Company's expectations include actual exploration results, results of future resource estimates, future metal prices, availability of capital and financing on acceptable terms, the Company's ability to raise sufficient funds under the Offering and the $3M Offering on the terms described or at all, failure to obtain TSXV or other required regulatory approvals for the Offering, the $3M Offering or the Option Acquisition on a timely basis or at all, failure to satisfy other closing conditions to the Option Acquisition, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment on a timely basis, accidents or equipment breakdowns, delays in receiving government approvals, unanticipated environmental impacts on operations and costs to remedy same, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The forward-looking information contained herein is made as of the date of this release and is based on assumptions management believed to be reasonable at the time such statements were made, including assumptions as to the Company's ability to complete the Offering, the $3M Offering and the Option Acquisition on the terms and timelines described herein and to obtain all necessary regulatory approvals. The Company does not undertake any obligation to update or revise such information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

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