Mr. Kevin Brewer reports

WALKER LANE RESOURCES LTD. NOTES UNUSUAL TRADING ACTIVITY AND THE DEVELOPMENT OF ITS NEW WEBSITE

Walker Lane Resources Ltd. says there has been unusual trading activity of its common shares that appeared to initiate on March 27, 2025, and appears to have occurred on each subsequent TSX Venture Exchange trading day to current day. The recent stock trading activity does not reflect the health of the company's business or the recent significant value-added assets to the property portfolio and adds to the previous undervaluation of the assets that were noted in a research report completed by Fundamental Research Corp. (see CMC Metals Ltd. press release dated Jan. 15, 2025). Management considers that some recent market transactions of its common shares could be an organized type of short-selling tactic, as the company cannot determine any other explanation for the unusual downside trading activity.

In this regard, management has contacted CIRO (Canadian Investment Regulatory Organization), which is the market regulator for issuers on the TSX-V. CIRO is now undertaking an evaluation of certain market transactions and trading patterns of the common shares of Walker Lane Resources and its predecessor, CMC Metals, to determine if a more comprehensive investigation is required. The company will not be advised by CIRO of the results of its evaluation or if an investigation is to be undertaken. However, if suspicious trading practices are identified, they may result in further action by CIRO with the related party/parties.

Kevin Brewer, president and chief executive officer of Walker Lane, noted: "Walker Lane is advancing gold-silver projects in Nevada, the second most mine-friendly jurisdiction in the world, as ranked by the 2024 Annual Fraser Institute Rankings of Mining Jurisdictions. The three new properties focused in the Walker Lane gold trend in Nevada were added to our strong portfolio of exploration projects in Canada and should, therefore, result in a strengthening of our market position and valuation. These recent acquisitions have paved the way to conduct near-term exploration programs on potential high-grade gold and silver projects with a determined focus on drilling as a critical element of our exploration efforts. It is our intent to focus drilling on our two cornerstone properties: the Tule Canyon gold project in the highly popular Walker Lane gold district in western Nevada, and on our silver-polymetallic Amy project in British Columbia. Combined with exploration efforts that are expected to be conducted on our Silverknife property, optioned to Coeur Mining Inc., and continued benefits in payment streams associated with the sale of our Bishop gold mill to North Bay Resources Inc., our management team feels that our new direction and our former strengths represent a tremendous opportunity to create shareholder value. The recent trading of our common shares does not, in our opinion, accurately reflect the value of our assets and the potential value generation that we submit can be derived by executing our current strategic direction."

In addition, the company is creating a new website.

Walker Lane Resources' current target is to have the website operational on or before April 7, 2025, and thereafter, it will be regularly updated with news updates, property information, recent and past corporate presentations, and forthcoming events.

Qualified person

Mr. Brewer, who is a registered professional geoscientist, is the company's president and chief executive officer, and a qualified person (as defined by National Instrument 43-101). He has given his approval of the technical information reported herein. The company is committed to meeting the highest standards of integrity, transparency and consistency in reporting technical content, including geological reporting, geophysical investigations, environmental and baseline studies, engineering studies, metallurgical testing, assaying and all other technical data.

About Walker Lane Resources Ltd.

Walker Lane Resources 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, the Rancheria silver district in Yukon/British Columbia, and other property assets in Yukon and Newfoundland and Labrador. The company intends to initiate an aggressive exploration program to advance the Tule Canyon (Walker Lane, Nevada) and Amy (Rancheria, British Columbia) projects through an aggressive drilling program to resource definition stage in the near future.

We seek Safe Harbor.