New Risk • Mar 31
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.2m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.2m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (17% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$18.2m market cap, or US$13.1m). New Risk • Jan 09
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 15% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (CA$15.7m market cap, or US$11.3m). Announcement • Dec 14
Walker River Resources Corp. Announces Significant Gold Intercepts At the Lapon Canyon Gold Project Walker River Resources Corp. announced additional assay results from the ongoing reverse circulation (‘RC’) drill program at the Lapon Canyon portion of the Lapon Gold Project, located within Nevada’s Prolific Walker Lane Gold trend, 60 km SE of Yerington, NV. Results from drilling on the new upper drill roads continue to confirm and extend gold mineralization to the south and the east of the Hotspot zone, results include: 3.05 g/t Au over 53.3 m starting at 117.4 m, including 6.67 g/t Au over 18.3 m in hole LC-25-163; 1.49 g/t Au over 47.2 m starting at 86.9 m, including 13.8 g/t Au over 1.5 m in hole LC-25-162; 1.14 g/t Au over 45.7 m starting at 88.4 m in hole LC-25-159; 1.05 g/t Au over 29.0 m starting at 111.3 m in hole LC-25-161; 1.01 g/t Au over 54.8 m starting at 105.2 m in hole LC-25-164; 1.03 g/t Au over 45.7 m starting at 79.3 m in hole LC-25-165; 0.98 g/t Au over 19.8 m starting at 94.5 m in hole LC-25-157 where the gold mineralization is within granite, which is notable. The 2025 drill programs have led to the discovery of intrusive-related gold mineralization at Lapon Canyon, significantly increasing the Project’s exploration potential. Unlike previous programs, which returned narrower but higher-grade intervals, recent drilling has produced much wider gold intercepts. This discovery suggests strong potential for substantial gold emplacement within deeper-seated rock units. To advance the understanding of these zones, geophysical surveys are being planned to help define future drill targets within the deeper intrusive bodies. It is also notable that the gold encountered in drillholes LC-25-158 through 165 is hosted within monzonitic units. The presence of monzonite as the host rock suggests the potential for a monzonite porphyry system—deposit types that are associated with very large gold and copper-bearing systems in Nevada. promoted copper values identified in the Company’s multi-element geochemical sampling further supports this interpretation. The 2025 drill program at Lapon Canyon focused on exploration and resource definition at the existing Hotspot deposit, as well as testing extensions of the deposit along strike and down dip. Drilling at Hotspot has significantly expanded the footprint of gold mineralization to the south and east. Both historical and current results indicate that the gold system is predominantly sub-horizontal to moderately south-dipping, with evidence for more steeply dipping, high-grade shoots developed within the broader mineralized zones. Results from previous and current (2025) drill programs, including results not yet received, will be the basis for the completion of an initial NI 43-101 compliant mineral resource on the Project which is expected to be complete sometime in 2026. In addition, work will continue at Lapon Canyon to identify future drill targets in the deeper-seated intrusive bodies. Further drill results will be released as they become available. All sampling was conducted under the supervision of the Company's project geologists and the chain of custody from the drill to the sample preparation facility was continuously monitored. A blank or certified reference material was inserted approximately every tenth sample. The Lapon Canyon samples were delivered to American Assays Laboratories’ certified laboratory facilities in Sparks, NV. The samples were crushed, pulverized and the sample pulps digested and analyzed for gold using fire assay fusion and a 50 g gravimetric finish. Certain intensely altered samples used a 1 kg pulp screened to 100 microns. Duplicate assay on screen undersize. Assay of entire oversize fraction. Samples are taken and bagged directly at the drill rig at every 1.5-meter interval, standard in the exploration industry. A small sample is also taken at the drill rig and put into a chip tray for examination purposes and to determine those sample bags that should be sent to the lab for assay purposes. Often this work is carried out using a microscope for the examination of the rock chips. The full sample bag from the interval chosen for assay purposes is then sent directly from the drill site to the lab, located in Sparks, NV. The scientific and technical information contained in this news release has been reviewed, verified and approved by Dave Nuttall P.Geo, President of Geo Exploration, who is an independent Qualified Person as defined under NI 43-101 Standards of Disclosure for Mineral Projects. 
