Western Alaska Minerals Announces Bonanza-Grades from Waterpump Creek WPC22-21: 5.1 Meters Grading 789 g/t Silver (25.4 oz/t), 22.0% Lead and 14.9% Zinc And 2022 Waterpump Creek Drilling Summary

TUCSON, AZ / ACCESSWIRE / January 17, 2023 / Western Alaska Minerals (the "Company" or "WAM") (TSXV:WAM) is pleased to announce that massive sulfides announced visually from drill hole WPC22-21 (See News Release of September 22, 2022) report 5.1 meters grading 789 g/t Silver (25.4 oz/t), 22.0% Lead and 14.9% Zinc. WPC22-21 is the last hole to be reported from the 2022 exploration season at WAM's 100% owned Waterpump Creek Carbonate Replacement Deposit (CRD), and successfully continues the emerging 400m long mineralized trend defined by holes WPC21-09 through WPC22-22 (See Press Release September 22, 2022 and Table 2 below). Mineralization remains open in several directions and tracing this mineralized body will be one of the principal focuses of an expanded 2023 drill program.

Table 1. Composite results from drill hole WPC22-21**. All Waterpump Creek results can be found on our website along with more technical information.

DH	From (m)	To (m)	Width m*	Ag g/t	Ag opt	Pb %	Zn %
WPC22-21	150.0	155.1	5.1	789	25.4	22.0	14.9

* Width reported as core length

** Previously visual release ( 9/22/2022) reported 4.0 meters of width

"Bonanza silver grades averaging 25.4 oz/T with combined lead-zinc grades of 36.9% in the last hole of our 2022 drilling program are a great way to end the season," said Kit Marrs, CEO. "This intercept continues the upper zone or manto at Waterpump Creek and mirrors similar high-grades in drill holes extending approximately 400 meters to the north. We expect to continue expanding the zone to the south with an aggressive multi-rig program in 2023."