New Risk • Jul 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 18% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. 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 (13% average weekly change). Shareholders have been diluted in the past year (18% increase in shares outstanding). Market cap is less than US$100m (CA$16.3m market cap, or US$11.5m). Announcement • Jul 01
Walker River Resources Corp. announced that it has received CAD 0.335 million in funding Walker River Resources Corp has issued a non brokered private placement of 1,340,000 units at an issue price of CAD 0.25 for the proceeds of CAD 335,000 on June 29, 2026. Each unit consists of one common share and one share purchase warrant, whereby each warrant shall be exercisable by the warrant holder to acquire one additional share at a price of CAD 0.33 for a period of 24 months from the closing. All securities issued in connection with the offering are subject to a statutory four-month-plus-one-day hold period expiring October 29, 2026. The transaction is subject to regulatory and stock exchange approval. Announcement • Jun 12
Walker River Resources Corp Commences 2026 Reverse Circulation Drill Program At Lapon Canyon Gold Project Walker River Resources Corp. had announced the commencement of its 2026 reverse circulation drill program at the Lapon Canyon Gold Project, located within Nevada’s Walker Lane Gold Trend, approximately 60 kilometres southeast of Yerington, Nevada. The 2026 drill program is designed to advance both resource expansion and exploration objectives through a combination of infill and step-out drilling. A primary focus of the campaign will be testing deeper intrusive-related targets, including prospective monzonitic and porphyritic intrusive phases and associated gold-bearing feeder structures identified during the Company’s 2025 drill program. An initial 10,000 metres of reverse circulation drilling is planned, with the potential to expand the program, subject to drilling progress, permitting, and access conditions. As previously announced on May 27, 2026, the Company recently completed a property-wide airborne magnetic and radiometric survey covering the Lapon Canyon Project. Interpretation of the geophysical dataset is ongoing and is expected to enhance the Company’s understanding of the Project’s geological and structural framework. The results may assist in refining drill targeting and evaluating the potential for additional mineralized systems at depth. Preliminary observations indicate several geophysical features spatially associated with known zones of gold mineralization and previous positive drill results. Historically, gold mineralization at Lapon Canyon was interpreted to be largely confined to a broad, shallow, iron oxide-altered horizon. Results from the 2025 drilling program, however, identified intrusion-related gold mineralization associated with monzonitic intrusive rocks, significantly expanding the Project’s exploration model and highlighting the potential for previously unrecognized mineralized source zones at depth. The recognition of monzonite-hosted gold mineralization may indicate the presence of a broader intrusive-related mineralizing system, a style of mineralization commonly associated with significant gold deposits in Nevada. This interpretation is further supported by elevated copper values observed in multi-element geochemical analyses and by the identification of interpreted structural controls that may represent mineralized feeder zones, including those associated with higher-grade intervals intersected in drill hole LC-25-170. Other on-going work at Lapon Canyon consists of data compilation, resource modelling, a follow up geological mapping and sampling program, in conjunction with the recent geophysical survey’s identified targets. Results from the previous and 2026 drill programs, including the subsequent data compilation will be the basis for the completion of an initial NI 43-101 compliant mineral resource on the Project which is expected to be completed in 2026. In addition, using the above exploration work to identify future drill targets in the deeper-seated intrusive bodies and new resource expansion in the relatively unexplored areas of the Property. 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. 
