Walker Lane Resources Ltd. Announces Terms of Private Placement Units to Raise C$390,000
February 23, 2026. Vancouver,B.C. – Walker Lane Resources Ltd. (TSX-V: WLR) (Frankfurt:ZM5P) (“WLR” or the“Company”) is pleased to announce the terms to itsproposed non-brokered private placement. The proposed terms are to sellflow-through units of the Company (each, a “FT Unit”) at a price of C$0.14per FT Unit and for gross proceeds of $140,000 and non-flow-through units ofthe Company (each, a “Unit”) at a price of C$0.125 per Unit for grossproceeds of $250,000. The aggregate gross proceeds will be C$390,000 and may beincreased. A new corporate presentation has been placed in the company websiteat www.walkerlaneresources.com and interested participants are encouraged tocontact the Company President and CEO - Kevin Brewer for further information.
Each FTUnit will consist of one common share of the Company to be issued as a“flow-through share” within the meaning of the Income Tax Act (Canada) (each, a“FT Share”) and one-half of one transferrable non-flow-through sharepurchase warrant (each full warrant, a “Warrant”). Each Unit will consist of one common share ofthe Company (each, a “Unit Share”) and one Warrant. Each whole Warrant will entitle the holderthereof to acquire one non-flow-through common share of the Company (each, a “WarrantShare”) at a price of C$0.16 per Warrant Share for a period of 24 monthsfrom the closing date of the Offering.
KevinBrewer, President and CEO notes: “This is an important first step to initiatingpre-development activities at our Silver Hart Project. These funds will beused, in part, to conduct the metallurgical testing and sorting tests on acomposite sample previously collected from Silver Hart. After detaileddiscussions with metallurgical/ore sorter technology companies, we areconfident that the mineralization at Silver Hart is very conducive todensity-based ore sorting and can result in successful recovery rates. Thesetests should be concluded in the next quarter and our plan is then to raiseadditional funds to undertake detailed drilling of the first proposed open pitalong with commencement of engineering and environmental studies to prepareSilver Hart for eventual production. This summer we also hope to initiatedrilling at our Amy project.”
Proceedsfrom the sale of FT Shares to eligible investors in Canada will be used toincur "Canadian exploration expenses" and "flow through miningexpenditures" as these terms are defined in the Income Tax Act (Canada).Such proceeds will be renounced to the subscribers with an effective date notlater than December 31, 2026, in the aggregate amount of not less than thetotal amount of gross proceeds raised from the issue of FT Shares.
The netproceeds from the sale of FT Units will be used to fund the Company’sexploration program at its Amy and Silver Hart Properties in the RancheriaSilver District, (Yukon/British Columbia) and the net proceeds from the sale ofNFT Units will be used for general working capital.
TheCompany may pay finders’ fees comprised of cash and non-transferable warrants(the “Finder’s Warrants”) in connection with the Offering, subject tocompliance with the policies of the TSX Venture Exchange. The terms of theFinder’s Warrants will be the same as the Warrants distributed in the FT Unitsand the NFT Units. All securities issued and sold under the Offering will besubject to a hold period expiring four months and one day from their date ofissuance. Closing is subject to customary closing conditions including, but notlimited to, the negotiation and execution of subscription agreements andreceipt of applicable regulatory approvals, including approval of the TSXVenture Exchange.
All securities issued pursuant to the Placement will be subject to a four month andone day hold period under Canadian securities laws. Completion of the PrivatePlacement is subject to certain conditions including, but not limited to, thereceipt of all necessary approvals including the approval of the TSXV. Therecan be no guarantee that the Private Placement will be completed on the termsoutlined above, or at all. The securities issued pursuant to the PrivatePlacement have not been, nor will they be, registered under the United StatesSecurities Act of 1933, as amended, and may not be offered or sold within theUnited States or to, or for the account or benefit of, U.S. persons in theabsence of U.S. registration or an applicable exemption from the U.S.registration requirements. This news release shall not constitute an offer tosell or the solicitation of an offer to buy nor shall there be any sale of thesecurities in the United States or in any other jurisdiction in which suchoffer, solicitation or sale would be unlawful.
AboutWalker Lane Resources Ltd.
WalkerLane Resources Ltd. is a growth-stage exploration company focused on theexploration of high-grade gold, silver and polymetallic deposits in the WalkerLane Gold Trend District in Nevada and the Rancheria Silver District inYukon/B.C. and other property assets in Yukon. The Company intends to initiatean aggressive exploration program to advance its projects through drillingprograms with the aim of achieving resource definition in the near future.
Formore information, please consult the Company’s filings, available atwww.sedarplus.ca.
ON BEHALF OF THE BOARD OF DIRECTORS
Kevin Brewer
President, CEO and Director
Walker Lane Resources Ltd.
For Further Information andInvestor Inquiries:
Kevin Brewer, P. Geo., MBA, B.Sc.(Hons), Dip. Mine Eng.
Tel: (+52) 669 198 8503
In Canada you may need to dial011-52-1-669 918 8503 or email me and I will call you back
Email: kbrewer80@hotmail.com
Address: Suite 1600-409 GranvilleSt., Vancouver, BC, V6C 1T2
Forward Looking Statements
This newsrelease contains certain forward-looking information and forward-lookingstatements, as defined under applicable securities laws (collectively referredto herein as “forward-looking statements”). These forward-looking statementsare generally identified by words such as "believe,""project," “aim,” "expect," "anticipate,""estimate," "intend," "strategy,""future," "opportunity," "plan," "may,""should," "will," "would," and similarexpressions, and in this news release include statements respecting the receiptof TSXV approval, completion of the Private Placement, and the Company’s plansfor the use of the proceeds of the Private Placement. Although the Companybelieves that the expectations and assumptions on which such forward-lookingstatements and information are based are reasonable, undue reliance should notbe placed on the forward-looking statements and information because the Companycan give no assurance that they will prove to be correct. Since forward-lookingstatements and information address future events and conditions, by their verynature they involve inherent risks and uncertainties. Many factors could causeactual future events to differ materially from the forward-looking statementsin this press release. The forward-looking statements included in this newsrelease are expressly qualified by this cautionary statement. Theforward-looking statements and information contained in this news release aremade as of the date hereof and the Company undertakes no obligation to update publiclyor revise any forward-looking statements or information, whether as a result ofnew information, future events or otherwise, unless so required by applicablelaws.
