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WAM.V ·

Western Alaska Minerals Announces NAME Change to Alaska Silver

Corporate Actions

NEWS RELEASE

WESTERN ALASKA MINERALS ANNOUNCES NAME CHANGE TO ALASKA SILVER

TUCSON, ARIZONA, US – April 24, 2025 – Western Alaska Minerals Corp. (the “Company”

or “WAM”) (TSX-V: WAM, Frankfurt: M17 , OTCPK: WAMFF ) is pleased to announce that

effective April 25, 2025, the Company will change its name to “Alaska Silver Corp.”, subject

to the final approval of the T SX Venture Exchange (the “ TSXV”). The rebrand reflects the

Company's value, underpinned by the 75 million ounces of silver equivalent at 980 grams

per ton in the inferred resource at the Waterpump Creek Deposit (“Waterpump Creek”) - a

cornerstone of its 100% owned Illinois Creek Project.

"I am excited to announce our name change to Alaska Silver. The name change represents

our renewed focus on the exceptional silver value in the district. As such, our planned 2025

drill program will concentrate on expanding the high-grade mineralization at the Waterpump

Creek Deposit.” stated Kit Marrs, CEO.

Mr. Marrs continues, “Silver continues to prove invaluable both as a superior electrical

conductor for industrial uses and as a sound financial investment. While advancing our

silver assets, we remain committed to developing the other critical minerals at Illinois Creek,

strengthening the Company’s overall value proposition.”

The Company’s subordinate voting shares (“ Shares”) are expected to commence trading

under the Company’s new name and under a new CUSIP/ISIN (01176C109 /

CA01176C1095) on the TSXV at the opening of business on April 29, 2025. The rebranded

website www.alaskasilver.com will be live on Monday, April 28, 2025. The Company’s

trading symbol will remain the same.

About WAM

Western Alaska Minerals is pioneering North America’s next major silver and critical

minerals district at the Illinois Creek Project, a prolific 8 -km mineral corridor hosting two

stand-alone deposits with a new Warm Springs discovery zone in between. The Illinois Creek

project claims cover a 100% owned land package of 73,535 acres (115 square miles or

29,758 hectares), located approximately 38 kilometers by road to the region’s marine

highway, the Yukon River. Anchored by the high -grade silver mineralizatio n of the

Waterpump Creek zone, 75 Moz @ 980 g/t AgEq (Inferred), open to the north and south and

the historic Illinois Creek mine, 525 Koz AuEq - 373 Koz @ 1.3 g/t AuEq (Indicated), 152 Koz

@ 1.44 g/t AuEq (Inferred), WAM’s 100% owned carbonate replacement deposit shows

significant exploration potential across its entire length. Headquartered in both Alaska and

Arizona, Western Alaska Minerals brings together a team with a proven track record of large-

scale mine discoveries.

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.