Announcement • May 06
Walker Lane Resources Ltd. Retains Its Full Interest in the Silverknife Property, B.C Walker Lane Resources Ltd. has received written notice from Coeur Mining that Coeur intends to terminate the Silverknife Property Option Agreement as of May 24, 2026. The termination of the Silverknife Option reflects Coeur's renewed focus on the Silvertip Mine itself. Coeur completed 1,827.5 meters of drilling in the Silverknife Central Zone in 2024, largely testing possible fault structures within that zone and attempts to extend the strike length of previously identified CRD mineralization within prospective stratigraphy. Highlights of drilling results in the Silverknife Central Zone include: Hole 85-4 - 7.25 m of 156.3 g/t Ag, 2.65% Pb, and 3.09% Zn Hole 85-6 - 0.2 m of 137.4 g/t Ag, 1.9% Pb and 3.42% Zn Hole 85-21 - 4.3 m of 899.9 g/t Ag, 10.14% Pb and 7.02% Zn Hole 87-35 - 18.02 m of 129.3 g/t Ag, 1.67% Pb and 3.02% Zn Hole 87-38 - 9.99 m of 166.2 g/t Ag, 1.73% Pb and 3.15% Zn Hole 87-39 - 4.63 m of 98.6 g/t Ag, 4.60% Pb and 3.97% Zn Hole 87-40 - 5.94 m of 192.3 g/t Ag, 3.47% Pb and 3.65% Zn Hole 87-43 - 8.00 m of 63.6. g/t Ag, 1.59% Pb and 4.85% Zn Hole 87-44 - 3.66 m of 233.2 g/t Ag, 6.21% Pb and 4.78% ZnIn 2023, Walker Lane also had a successful drill program and on March 20, 2024 announced work summarizing the vast potential of the property in four large zones of exploration prospectivity and on April 15, 2024 release drill hole results from the 2023 drilling of which 6 of 9 holes intersected CRD mineralization.Management is of the belief that the Silverknife Property is highly prospective for Carbonate Replacement Deposit (CRD) style mineralization. Coeur's 2024 and 2025 programs helped to further define the prospectivity of the area that is immediately proximal to Silvertip's Silvertip Mine Property. The presence of a CRD system is evidenced by diagnostic features noted at Silvertip and elsewhere in the world including fugitive calcite veining that fluoresces in UV light (displaying the classic "barbeque" pink and orange fluorescence), re-crystallization of the host limestones, disseminated pyrite – sphalerite and galena sulphide and derived oxide mineralization. These are all evident features found on the Silverknife property within outcrops.Management's next steps are to incorporate the data from Coeur's work and data from Walker Lane's programs to derive vectors to target drilling and prepare for a permit application to advance work in the Tootsee North and Silverknife Central Zones.Walker Lane retains a 100% ownership interest in the Silverknife Property, north-central British Columbia. New Risk • Mar 26
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 33% This is considered a major 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 Risks Negative equity (-CA$132k). Earnings have declined by 1.4% per year over the past 5 years. Shareholders have been substantially diluted in the past year (33% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$2.62m market cap, or US$1.90m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (18% average weekly change). New Risk • Mar 15
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$132k). Earnings have declined by 1.4% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$2.54m market cap, or US$1.85m). Minor Risks Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Share price has been volatile over the past 3 months (18% average weekly change). Shareholders have been diluted in the past year (23% increase in shares outstanding). 
