Lake Winn Announces Delay in filing Q1 2021 Interim Financial Statements

LAKE WINN RESOURCES CORP.

1111 Melville Street, 11th Floor Vancouver,

British Columbia Canada V6E 3V6

Tel: (604) 689-1799 / Fax: (604) 689-8199

Lake Winn Announces Delay in filing Q1 2021 Interim Financial Statements

Vancouver, British Columbia – May 28, 2021 – Lake Winn Resources Corp. ( TSX-V: LWR, OTC: EQTXF ),

(the “ Company” or “ Lake Winn ”), announces that pursuant to National Instrument 51-102 – Continuous

Disclosure Obligations, the filing deadline date to file the Company’s interim financial statements for the

three (3) month period ended March 31, 2021, including the related management’s discussion and

analysis, and the CEO and CFO Certifications (collectively the “ Interim Filings ”) is May 31, 2021. The

Company will be filing its Interim Filings concurrent with the Company’s filing of the its annual financial

statements for the year ended December 31, 2020, including the related management’s discussion and

analyst, and the CEO and CFO Certifications (collectively the “ Annual Filings”).

The Company is working to complete its Annual Filings and Interim Filings at its earliest opportunity. The

Company will provide updates as further information relating to the Annual Financial Filings and Interim

Filings becomes available.

The Company has applied to the applicable securities regulatory authorities and received a management

cease trade order (“ MCTO”) imposed against the Chief Executive Officer and Chief Financial Officer of the

Company precluding them from trading securities of the Company. The MCTO will be in effect until the

Annual Financial Filings are filed, and requires that the Annual Financial Filings be filed on or before

July 2, 2021.

For further information contact:

Patrick Power

CEO and Director

Lakewinn Resources Corp.

Telephone: (604) 218-8772

Cautionary Statement Regarding “Forward-Looking” Information

Certain statements contained in this press release may constitute forward-looking statements. Such

forward-looking statements are based upon the Company’s reasonable expectations at the date hereof,

which are subject to change depending on economic, political and competitive circumstances and

contingencies. Readers are cautioned that such forward looking statements involve known and unknown

risks, uncertainties and other factors that may cause a change in such assumptions and the actual

outcomes and estimates to be materially different from those estimated or anticipated future results,

achievements or position expressed or implied by those forward-looking statements. Risks, uncertainties

and other factors that could cause the Company’s plans or prospects to change include changes or

disruptions in the securities markets; legislative, political or economic developments. The Company

disclaims any intention or obligation to update or revise any forward-looking statements whether as a result

of new information, future events or otherwise.

Neither the 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.