Walker Clarifies That It Cannot Pursue Fondaway Canyon Project

Suite 200-551 Howe St Vancouver, B.C. V6C 2C2 Tel : 819 874-0030 Fax : 819 825-1199 _________________________________________________________________________________________

Trading Symbol: WRR

WALKER CLARIFIES THAT IT CANNOT PURSUE FONDAWAY CANYON PROJECT

Vancouver, B.C. August 25, 2014 - Walker River Resources Corp. (“Company”) (TSX-V: “WRR”) announces that, as a result of a further review by the British Columbia Securities Commission (BCSC), the Company is issuing this news release to provide additional clarification regarding the Company’s previous disclosures on the Fondaway Canyon and Dixie-Comstock gold properties.

The Company signed a binding letter agreement with Hale Capital Partners (“Hale”) of New York, (as announced in the Company’s news release dated April 8, 2013) for the rights to acquire 100% of the Fondaway Canyon and Dixie-Comstock gold properties located in Churchill County, Nevada (“Fondaway Project”). The Company also mentioned the Fondaway Project in its management discussion and analysis for the interim period ended May 31, 2013 (filed on July 29, 2013).

During the Company’s initial due diligence on the Fondaway Project, property ownership and title discrepancies were discovered. The Company informed Hale of the ownership issues and was advised by Hale, the title of the claims were in the process of being approved for transfer to Hale, by the Supreme Court of the State of New York, as a settlement agreement, in legal actions commenced against the previous owners of the properties by Hale. The Company subsequently ceased any further due diligence and did not direct further resources towards the Fondaway Project, until Hale could provide clear title to the properties. Hale had always maintained to the Company, up until March, 2014 it could deliver clear title to the properties.

During the BCSC’s recent review, it was brought to the Company’s attention that the Fondaway Canyon and Dixie-Comstock gold properties were sold on August 15, 2013, as disclosed by news release by the previous owners, to a new purchaser, with Hale signing a release and settlement approving the sale to the new purchaser. The Company maintains it was not aware nor was ever informed by Hale, of the property sales to the new purchaser. Therefore, in light of these matters, the Company cannot pursue the Fondaway project because the purported vendor (Hale) no longer had rights to the project from August 2013 onwards.

Company management along with its legal counsel will review its position on these matters in order to determine legal rights that may be available to it.

The Company is focusing its current energies on its Lapon Canyon Gold project, located approximately 60 kilometers south of Yerington, Nevada.

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ON BEHALF OF THE BOARD OF DIRECTORS

“Michel David”

Michel David, Chief Executive Officer and Director

FOR FURTHER INFORMATION PLEASE CONTACT:

Walker River Resources Corp.

Tel : 819 874-0030 Fax : 819 825-1199 Email: [email protected] Website: www.wrrgold.com

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