Walker Lane Resources Ltd. Closes First Tranche of its Private Placement of Units
March 25, 2026. Vancouver,B.C. – Walker Lane Resources Ltd. (TSX-V: WLR) (Frankfurt:ZM5P) (“WLR” or the“Company”) is pleased to announce that further toits news release dated February 23, 2026, it has closed the first tranche ofits non-brokered private placement (the “Private Placement”) through theissuance of 250,000 flow-through units of the Company (each, a “FT Unit”)at a price of C$0.14 per FT Unit for gross proceeds of $35,000; and 1,280,000 non-flow-throughunits of the Company (each, a “Unit”) at a price of C$0.125 per Unit forgross proceeds of $160,000, for aggregate gross proceeds of $195,000.
Each FTUnit consisted of one common share of the Company, issued as a “flow-throughshare” within the meaning of the Income Tax Act (Canada) (each, a “FTShare”) and one-half of one transferrable non-flow-through share purchasewarrant (each full warrant, a “Warrant”). Each Unit consisted of one common share ofthe Company (each, a “Unit Share”) and one Warrant. Each whole Warrant entitles 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 Private Placement.
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 effectivedate not later than December 31, 2026, in the aggregate amount of not less thanthe total 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.
Inconnection with the Private Placement, the Company paid a finder’s fee of $9,000in cash and issued 72,000 non-transferable warrants (the “Finder’s Warrants”)to a certain finder. The terms of the Finder’s Warrants are the same as theWarrants distributed in the FT Units and the NFT Units.
Allsecurities issued pursuant to the Private Placement are subject to a four monthand one day hold period under Canadian securities laws.
TheCompany will allocate some of the funds towards completing outstandingregulatory and compliance matters to lift its default status and addressfinancial reporting requirements, which includes the completion of the audit ofthe financial statements for the year ended September 30, 2025. The Company isin discussions with its auditor on these matters and expects that the filingswill be completed as soon as possible. This will ultimately resolve the currentManagement Cease Trade Order that has been issued by the British ColumbiaSecurities Commission on the Company Directors and officers. It will alsoenable the Company to pursue additional financing options at that time shouldit be appropriate.
Thesecurities issued pursuant to the Private Placement have not been, nor willthey be, registered under the United States Securities Act of 1933, as amended,and may not be offered or sold within the United States or to, or for theaccount or benefit of, U.S. persons in the absence of U.S. registration or anapplicable exemption from the U.S. registration requirements. This news releaseshall not constitute an offer to sell or the solicitation of an offer to buynor shall there be any sale of the securities in the United States or in anyother jurisdiction in which such offer, 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.
