LWR.V · 2025-07-22 12:00:00

Lake Winn Resources Announces Silver-Antimony Joint Venture. Up to 923 g/t Ag, 4% Sb, 2.7 g/t Au, and 8% Pb, at Blunt Mountain, Northern BC, in proximity to Smithers Vancouver, British Columbia – July, 24 2025 – Lake Winn Resources Corp. (“Lake

Drill Results Mergers & Acquisitions Partnerships & JV

Lake Winn Resources Announces Silver-Antimony Joint Venture.

Up to 923 g/t Ag, 4% Sb, 2.7 g/t Au, and 8% Pb, at Blunt Mountain, Northern BC,

in proximity to Smithers

Vancouver, British Columbia – July, 24 2025 – Lake Winn Resources Corp. (“Lake

Winn” or the “Company”) (TSXV: LWR) (FSE: EE1A) is pleased to announce the

Company has entered into a Binding Letter of Intent (the “LOI”), dated July 22, 2025,

with Jaxon Mining Inc. (“Jaxon”) (TSXV: JAX) regarding Jaxon’s Blunt Mountain Silver-

Antimony-Gold-Lead-Zinc-Copper property.

HIGHLIGHTS

 Critical Mineral (Stibnite) and precious metal property option 5 km from, Highway

16 as well as CN Prince Rupert rail, 45 km north of Smithers Northern BC, which

is serviced by commercial air.

 Early grab rock sample results along a 3 km structure hosted in altered intrusive

returned multiple results, >1% Antimony, >1ppm Au and >100ppm Ag,

epithermal like setting.

 LWR will pay $50K and commit to a $1.5M exploration program over 3 years to

gain 51% ownership and then form a Joint Venture.

 Plans to immediately deploy field crews to follow up on these results.

Blunt Mountain is located near major infrastructure, 45 kilometers north of Smithers,

British Columbia, with Highway 16 passing 5 kilometers from the property. See Figure 1.

The property consists of 12 claims totaling 7,209 hectares, as shown in Table 1.

Figure 1: General location of the Blunt Mountain project. (Image Google Earth)

Table 1: List of Claims

Title Number Claim Name Area (ha) Good To Date

1047300 MART 6 165.8748 30th Jan 2026

1047978 SKILOKIS 36.88768 30th Jul 2026

1047979 UNDER THE GUN 73.7456 30th Jul 2026

1047981 18.437 30th Jul 2026

1048010 MART 7 276.533 30th Jul 2026

1050389 PC1 1639.9889 30th Jan 2027

1050390 PC2 1806.5287 30th Jan 2026

1050391 PC3 774.2492 30th Jan 2026

1052414 KBS10 1734.41 30th Jul 2026

1056555 SK 4 18.4342 30th Jul 2026

1064626 JUST CUZ 147.4942 30th Jul 2026

1073848 BUNT MTN GROUP 516.5214 30th Jan 2027

TOTAL 12 Claims 7209.1

Note: The “good to date” can be extended by conducting work and filing assessment,

which is the plan.

In 2021 Jaxon field crews collected 14 rock grab samples, of which 12 were

mineralized. The results shown in Table 2, with locations displayed in Figure 2.

Table 2: Location and Results from Anomalous Grab Rock Samples, Blunt Mountain

Sample

Eastin

g Northing Elevatio

(g/t)

(ppm)

72027 61120

612254

3 1828 0.663 4 32 554 46 17

72028 61149

612330

5 1514 1.273 335 39140 93500 42100 1720

72029 61168

612357

9 1414 1.21 778 49860 110700 5091 1032

72030 61119

612284

3 1642 2.68 923 40430 83900 20900 3587

72045 61111

612305

7 1692 3.055 92.1 17430 56200 472 218

72046 61148

612329

6 1521 0.377 762 48860 100800 19600 2479

72047 61148

612329

6 1521 1.087 117 1268 3122 5907 340

72048 61148

612329

6 1521 <0.00

5 1.6 46 57 2864 49

72049 61148

612329

6 1521 <0.00

5 8.2 202 5363 1287 81

72050 61167

612357

1 1410 1.061 253 48630 117700 18800 400

Notes on the rock samples:

a. Rock samples are grab samples which are by nature selective and not

representative of bulk mineralization. Systematic sampling, such as channel

sampling or drill core is required for representative samples.

b. A chain of custody was used for the samples including security tags.

c. Samples were assayed at MSA Laboratories in Langley, BC, an AC89, IAS

Accreditation Criteria for Testing Laboratories, and has demonstrated compliance

with ISO/IEC Standard 17025:2017.

d. Rock samples were crushed and pulverized to 85% passing 75um, then digested

using aqua regia, and assayed using multi-element ( 39 elements) ICP EM MS,

20g aliquots, Fire assay 30g was used for Au.

e. Internal lab controls and blanks were within acceptable range.

Figure 2:

Rock

samples

with

antimony values at Blunt Mountain north side of the property.

The primary target at Blunt Mountain is an intrusive related structure with veins containing

antimony, silver, gold, lead, zinc, and copper, identified over a 3 km strike length. The

mineralization is hosted in a Late Cretaceous aged, Bulkley suite pluton near its

northern edge and partially traverses into the surrounding hornfels, of the Jurassic

Bowser Formation.

Joint Venture Agreement

The terms of the Joint Venture agreement are as follows:

i) Lake Winn will pay $50,000 within 10 days of signing (the “Property

Payment”);

ii) Lake Winn will complete $1,500,000 in exploration and development work

within 3 years of the agreement date (the “Work Commitment”);

iii) Upon completion of the Work Commitment, the Project will be governed as a

51%/49% Joint Venture between Lake Winn and Jaxon respectively;

iv) Lake Winn will be the Operator;

v) Should either party be diluted below a 10% interest, the interest will be

converted to a 2% Net Smelter Return (“NSR”).

Qualified Person

Andris Kikauka (P. Geo.), Director of Jaxon Mining, has prepared, reviewed, and

approved the scientific and technical information in this press release. Mr. Kikauka is a

non-independent Qualified Person within the meaning of NI 43-101.

On Behalf of the Board of Directors of Lake Winn Resources Corp.

Patrick Power

CEO and Director

Lake Winn Resources Corp.

Telephone: (604) 218-8772

This press release contains forward-looking information or forward-looking statements

(collectively, "forward-looking information") within the meaning of applicable securities

laws. All statements, other than statements of historical fact, included herein are

forward‐looking information. Forward-looking information in this press release include,

but are not limited to, statements with respect to holding the postponed Meeting, and

the filing of an amended notice of meeting and record date for the postponed Meeting.

Forward-looking information is generally, but not always, identified by the words

"expects", "plans", "anticipates", "in the event", "if", "believes", "asserts", "position",

"intends", "envisages", "assumes", "recommends", "estimates", "approximate",

"projects", "potential", "indicate" and similar expressions, or that events or conditions

"will", "would", "may", "could" or "should" occur.

The Company’s forward-looking information are based on the applicable assumptions

and factors the Company considers reasonable as of the date hereof, based on the

information available to the Company at such time, including without limitation, the

ability to host the postponed Meeting at a later date, and the ability to find a suitable

location which can accommodate an in-person shareholders’ meeting. The Company

cautions investors that any forward-looking information provided by the Company is not

a guarantee of future results or performance, and that actual results may differ

materially from those in forward-looking information as a result of various risk factors.

These factors include, among others, uncertainties arising from general economic

conditions or conditions in the financial markets. The reader is referred to the

Company's public filings for a more complete discussion of such risk factors, and their

potential effects, which may be accessed through the Company's profile on SEDAR

at www.sedar.com. Except as required by securities law, the Company does not intend,

and does not assume any obligation, to update or revise any forward-looking

information, whether as a result of new information, events or otherwise.

About Lake Winn

Lake Winn Resources Corp. is a mineral exploration company focused on advancing its

100% owned Little Nahanni Lithium Project (“LNLP”), which is located in the western

Northwest Territories near the Yukon Border. The project covers 7,080 hectares that

encompasses a 7 km long, and up to 500 m wide, lithium, tantalum, and tin pegmatite

dyke swarm. Historical drilling and channel sampling on the Project confirms the

presence of significant Lithium, Cesium, Tantalum, & Tin pegmatites dyke swarm.

“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term

is defined in the policies of the TSX Venture Exchange) accepts responsibility for

the adequacy or accuracy of this release.”

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