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WAM.V ·

Western Alaska Minerals Named Fifth IN Mining ON the TSX Venture Top 50 List

Corporate Updates

NEWS RELEASE

WESTERN ALASKA MINERALS NAMED FIFTH IN MINING ON THE TSX VENTURE TOP 50 LIST

TUCSON, ARIZONA, US – February 21, 2023 – Western Alaska Minerals Corp. (the "Company" or

"WAM") (TSXV:WAM) is pleased to announce that it has been recognized by the TSX Venture

Exchange as a 2022 Top 50 Company. WAM is ranked fifth within the Mining Industry sector.

The TSX Venture 50 is the Exchange’s flagship program, ranking the top 10 performing companies

from each of five sectors based on three equally weighted criteria; share price appreciation,

trading volume, and market capitalization growth.

WAM CEO and Co-Founder, Kit Marrs stated, “We are proud and humbled that WAM has been

selected by the TMX Group as one of the top 10 performing Mining Industries companies. This

ranking reflects the outstanding performance of our team across all areas of our business and

speaks to our commitment to the excellence and the high level of execution from every member

of the WAM team since before we went public and especially over the past year.”

TSX Venture 50 companies were awarded a congratulatory video from the Exchange . View the

video here.

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 located in

western Alaska. WAM’s 100% owned claims cover 73,120 acres (114.25 square miles or 29,591

hectares), roughly 45 km from the Yukon River. The Illinois Creek Mining 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 pro perty package and been

engaged in exploring the Illinois Creek Mining District.

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 the TSXV nor its Regulation Services Provider (as that term is defined in the policies of

the TSXV) accept responsibility for the adequacy or accuracy of this release.

Forward Looking Information

Certain statements made, and information containe d herein may constitute "forward looking

information" and "forward looking statements" within the meaning of applicable Canadian and

United States securities legislation. These statements and information are based on facts

currently available to the Compan y and there is no assurance that actual results will meet

management's expectations. Forward-looking statements and information may be identified by

such terms as "anticipates", "believes", "targets", "estimates", "plans", "expects", "may", "will",

"could" or "would". Forward-looking statements and information contained herein are based on

certain factors and assumptions regarding, among other things, the estimation of mineral

resources and reserves, the realization of resource and reserve estimates, metal prices, taxation,

the estimation, timing and amount of future exploration and development, capital and operating

costs, the availability of financing, the receipt of regulatory approvals, environmental risks, title

disputes and other matters. While the Com pany considers its assumptions to be reasonable as

of the date hereof, forward -looking statements and information are not guaranteeing of future

performance and readers should not place undue importance on such statements as actual

events and results may d iffer materially from those described herein. The Company does not

undertake to update any forward-looking statements or information except as may be required

by applicable securities laws.