Walker Lane Resources Ltd. Receives TSX Approval for the Acquisition of Three Mineral Properties in the Walker Lane Gold Trend in Nevada from Silver Range Resources Ltd. and Auburn Gold

Core Viewpoint - Walker Lane Resources Ltd. has received approval from the TSX Venture Exchange for option agreements on three mineral properties in the Walker Lane Gold Trend of western Nevada, indicating a strategic move to enhance its exploration portfolio [1][38]. Group 1: Tule Canyon Property - The Tule Canyon Property consists of 60 federal lode mining claims located in Esmeralda County, Nevada, identified as a high-grade gold and silver target with historical mining activity [3]. - Walker Lane has the option to acquire 80% of the Tule Canyon Property by paying a total of $480,000 over four years and completing 1,500 meters of diamond drilling by March 8, 2028 [4][5]. - A second option allows Walker Lane to acquire the remaining 20% by identifying a National Instrument 43-101 compliant measured or indicated resource by the end of 2033 [8]. Group 2: Cambridge Property - The Cambridge Property comprises 51 federal lode claims in Lyon County, Nevada, and Walker Lane has the option to acquire 75% for a total consideration of $460,000 over four years, along with $1,500,000 in exploration expenditures [14][15]. - The second option for Cambridge allows Walker Lane to acquire an additional 25% by making an additional payment of $75,000 and identifying a compliant resource by the end of 2033 [19]. Group 3: Silver Mountain Property - The Silver Mountain Property consists of 8 federal lode mining claims in Esmeralda County, Nevada, with Walker Lane having the option to acquire 100% for a total consideration of $200,000, payable in installments until 2035 [27][28]. - The option includes a requirement to complete 1,000 meters of drilling during the term [30]. Group 4: Strategic Importance of Walker Lane Area - The Walker Lane Gold Trend Area is noted for its rich mining history and potential for modern exploration, hosting significant deposits and offering attractive exploration targets at manageable costs [37]. - The area is recognized for its high-grade mineralization and favorable infrastructure, contributing to its ranking as the second most attractive mining investment location globally according to the 2023 Fraser Institute Mining Industry Survey [37].