New Risk • May 28
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$734k 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$734k free cash flow). Negative equity (-CA$1.3m). Shareholders have been substantially diluted in the past year (189% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$1.65m market cap, or US$1.20m). Minor Risk Share price has been volatile over the past 3 months (16% average weekly change). Announcement • Jan 31
Lake Winn Resources Corp. announced that it has received CAD 0.646625 million in funding On January 29, 2026, Lake Winn Resources Corp. closed the transaction. The company issued 10,534,096 Units at a price of CAD 0.055 per Unit for gross proceeds of CAD 579,375.28 in its second and final tranche. In addition to the first tranche closing of 1,222,728 Units for proceeds of CAD 67,250.04, the Company has raised aggregate gross proceeds of CAD 646,625.32. Each Unit consists of one common share in the capital of the Company and one share purchase warrant. Each Warrant will be exercisable to purchase an additional Share at an exercise price of CAD 0.08 per Warrant Share for a period of 24 months after the date of issuance. In connection with the second tranche of the Offering, the Company paid aggregate cash finder’s fees of CAD 16,000 and issued 290,909 finder’s compensation warrants to an eligible finder. Each Finder’s Warrant entitles the holder to purchase one Share at CAD 0.08 per Share for a period of 24 months from the date of issuance. All securities issued in connection with the second tranche of the Offering are subject to a statutory hold period of four months plus a day in accordance with applicable securities legislation expiring on May 28, 2026. The Offering remains subject to the final approval of the TSX Venture Exchange. Announcement • Oct 31
Lake Winn Resources Corp. announced that it expects to receive CAD 0.4 million in funding Lake Winn Resources Corp announced a non-brokered private placement to issue 7,272,727 units at a price of CAD 0.055 per unit for aggregate gross proceeds of CAD 399,999.985 on October 30, 2025. Each unit will consist of one common share in the capital of the company and one share purchase warrant. Each warrant will be exercisable to purchase an additional share at an exercise price of CAD 0.08 per warrant share for a period of 24 months after the date of issuance. Securities issued in the offering will be subject to a hold period of four months and one day from the closing date. 
