Western Alaska Minerals Announces Grant of Options and Restricted Share Units
NEWS RELEASE
WESTERN ALASKA MINERALS ANNOUNCES GRANT OF OPTIONS AND RESTRICTED SHARE
UNITS
TUCSON, ARIZONA, US – December 30, 2024 – Western Alaska Minerals Corp. (the "Company"
or "WAM") (TSXV: WAM) announces that it has granted a total of 1,095,000 stock options (the
“Options”), 785,000 of which have been granted to certain directors, officers and an investor
relations employee of the Company. The Options are each exercisable to purchase one
subordinate voting share of the Company at an exercise price of $0. 45 for a period of 5 years .
The Options will vest immediately.
The Company has also issued an aggregate of 75,000 restricted share units (the “ RSUs”) to
certain employees and an officer of the Company. Each RSU entitles the holder to be issued one
subordinate voting share of the Company on vesting. All the RSUs will vest one year from the
grant date.
About WAM
Our mission is to advance a mineable and scalable CRD, ultimately reshaping the mineral
landscape of western Alaska and establishing a new CRD district.
WAM’s CRD system encompasses a 373Koz AuEq NI 43 -101-compliant indicated and 152Koz
AuEq Inferred resource* at the past producing Illinois Creek gold-silver mine*, and the high-grade
Waterpump Creek silver-lead-zinc deposit with an inferred resource estimate of 74.9Moz at 980
g/t AgEq*, open to the north. Within the same CRD system sits the Honker gold vein prospect.
Twenty-five kilometers northeast of the Illinois Creek CRD lies the Round Top copper and the TG
North CRD prospects. All prospects were origin ally discovered by Anaconda Minerals Co. in the
early 1980’s. WAM’s 100% owned cover 73,120 acres (114.25 square miles or 29,591 hectares).
Since 2010, WAM, along with its precursor company, Western Alaska Copper & Gold,
reassembled the Anaconda land package and has been engaged in exploring the district.
Headquartered in both Alaska and Arizona, WAM brings together a team of seasoned
professionals with a shared vision of pioneering new frontiers in mineral exploration. Our
strategic approach is underpinned by cutting -edge technology, innovative techniques, and a
deep understanding of the geological intricacies of the region.
*Information on our historical gold and Waterpump Creek resources, as well as historical work
performed by Anaconda Minerals Co. and NovaGold (2005/2006) can be found in our NI 43 -101
report, dated April 2, 2024, authored by Bruce Davis, PhD, FAusIMM, titl ed “Western Alaska
Minerals Corp. ILLINOIS CREEK PROJECT UPDATE Illinois Creek Mining District, Western Alaska,
USA” on our website: https://www.westernalaskaminerals.com/_resources/pdfs/Illinois-Creek-
NI43101-Technical-Report.pdf?v=0.317
On behalf of the Company
“Kit Marrs”
Kit Marrs
President & CEO
Phone: 1-520-200-1667
For further information, please contact:
Vanessa Bogaert, Director of Corporate Communications/IR
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.