Mr. Kevin Brewer reports

WALKER LANE RESOURCES ANNOUNCES TERMS FOR PRIVATE PLACEMENT UNITS TO RAISE C$1,320,000

Walker Lane Resources Ltd. has provided the terms for its best-effort non-brokered private placement. The proposed terms are to issue four million non-flow-through units at a price of 12 cents per unit and six million flow-through units at a price of 14 cents per unit of the company for aggregate gross proceeds of up to $1.32-million. There may be agents who will be acting as finders on behalf of the company in relation to the offering.

Each unit will consist of one common share of the company and one full warrant. Each whole warrant will entitle 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 offering.

The net proceeds from the sale of units will be used to:

• Finance property expenses and exploration at Walker Lane Resources' properties in Yukon, British Columbia and Nevada, which may include drilling activities on its Amy project in British Columbia, pending receipt of an exploration permit, or other properties;
• General working capital.

The company may pay finders' fees comprising cash and non-transferable warrants in connection with the offering, subject to compliance with the policies of the TSX Venture Exchange. The terms of the finder warrants will be the same as the warrants distributed in the units. All securities issued and sold under the offering will be subject to a hold period expiring four months and one day from their date of issuance. Closing is subject to customary closing conditions, including, but not limited to, the negotiation and execution of subscription agreements and receipt of applicable regulatory approvals, including approval of the TSX-V.

Qualified person

Kevin Brewer, 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 pertaining 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 (that is, Tule Canyon, Cambridge and Silver Mountain) and the Rancheria silver district in Yukon/British Columbia (Amy and Silver Hart/Blue Heaven) and Logjam (Yukon). The company intends to initiate an aggressive exploration program to advance the Amy (Rancheria silver district, British Columbia) project through an aggressive drilling program to resource definition stage in the near future. An exploration permit application is currently being reviewed for the Amy project.

We seek Safe Harbor.