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WAM.V ·

Western Alaska Minerals Announces Change to Board of Directors

Management Changes

1376-1264-5896, v. 1

NEWS RELEASE

NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES

OR FOR DISSEMINATION IN THE UNITED STATES

WESTERN ALASKA MINERALS ANNOUNCES CHANGE TO BOARD OF DIRECTORS

TUCSON, ARIZONA, US – November 3, 2023 - Western Alaska Minerals (the " Company" or

"WAM") (TSXV: “WAM”) is pleased to announce the appointment of Ms. Susan Mitchell to the

Board of Directors of the Company effective November 1 . Additionally, the Company

announces that Mr. Gregory Anderson has resigned as Director of the Company. Mr. Anderson

was a founding member of the Board of Western Alaska Copper & Gold, predecessor to Western

Alaska Minerals, in 2010 and was instrumental in the transition to a public company in 2021.

The Board of Directors of the Company would like to thank Mr. Anderson for his efforts on

behalf of the Company over the last thirteen years and wishes him and his family well in the

future.

Ms. Mitchell brings over 40 years of capital markets experience to Western Alaska Minerals,

starting her career with Canadian Imperial Bank of Commerce (CIBC) in Toronto in the Corporate

Finance and Treasure divisions , participating in raising over C$1 billion in primary capital . She

was also Director of Treasury of Cyprus AMAX Minerals and a Managing Director of Metals &

Mining, Global Structured finance for Westdeutsche Landesbannk (WESTLB) in N ew York, NY,

and a Director of Ri sk Solutions with Standard & Poor’s in New York. Ms. Mitchell has run her

own consulting firm, S. Mitchell & Associates, in New York, NY since 2004. The Board of Directors

of the Company would like to welcome Ms. Mitchell to the Board.

Kit Marrs, President and CEO of the Company said “We are very excited to have Susan join our

team. She brings a wealth of experience in capital markets and mining finance that will help

further strengthen our leadership. ”

About WAM

WAM is an Alaska and Arizona based company, listed on the TSX -V and focused on discovery of

high-grade, district-scale ore systems in the historic Illinois Creek Mining District (the “District”)

located in western Alaska. WAM’s 100% owned claims cover 73,1 20 acres (114.25 square miles

or 29,591 hectares), approximately 45 km from the Yukon River. The District encompasses at

least five deposits containing gold, silver, copper, lead, and zinc and was originally discovered by

Anaconda Minerals Co. in the early 1980's. Since 2010, WAM, along with precursor Western

Alaska Copper & Gold Company, has reassembled the Anaconda property package and been

engaged in exploring the District.

1376-1264-5896, v. 1

The Company remains focused on delivering value to its shareholders and stakeholders while

adhering to the highest standards of environmental stewardship and community engagement.

On behalf of the Company

“Kit Marrs”

Kit Marrs

President & CEO

[email protected]

Phone: 1-520-200-1667

For further information please contact:

Vanessa Bogaert, Director of Corporate Communications/IR

[email protected]

Or visit our website at: www.westernalaskaminerals.com

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.