Silver Range optionee to conduct survey at Tule

The most recent news release, dated October 28, 2025, from Silver Range Resources Ltd. ("SNG"), states that its optionee, Walker Lane Resources (Walker River Resources Corp., "WRR"), will commence an airborne geophysical survey at the Tule Canyon property in Nevada. The survey is planned for 212 line kilometres of magnetic and radiometric surveying. Tule Canyon is described as an exploration-stage project for gold and silver. The news itself notes this as "Non-Material - Positive."

This news has a routine, neutral impact on Walker River Resources Corp. WRR's primary focus and the main driver of investor interest and recent stock performance is the Lapon Gold Project, specifically the Lapon Canyon portion. The Lapon Canyon project has recently yielded a series of highly positive drill results, and the company has explicitly stated its goal to complete an initial NI 43-101 compliant mineral resource estimate for it.

The Tule Canyon property is distinct from Lapon Canyon, and WRR is involved as an optionee of SNG. While engaging in exploration activities for other companies can generate some revenue or expand WRR's project pipeline over the long term, the details of WRR's specific financial benefit or commitment for this survey are not provided. Given WRR's existing financial constraints (negative working capital, reliance on financings) and its current efforts to advance its flagship project with a strategic partner, this activity on a secondary, optioned property is not expected to materially impact WRR's valuation or strategic direction in the near term. It's a non-core activity at this stage, and the source's own "Non-Material" rating aligns with this assessment.

Walker River Resources Corp. ("WRR") is a mineral exploration company listed on the TSX Venture Exchange. Its primary asset and flagship project is the Lapon Gold Project, located in Mineral County, Nevada, approximately 60 kilometres southeast of Yerington. The project consists of 147 unpatented lode mining claims totaling 2,940 acres, encompassing the Lapon Canyon, Rattlesnake, and Pikes Peak claims. WRR holds a 100% undivided interest in the mineral rights of the Lapon Gold Project.

The Lapon Gold Project has a history of high-grade gold mining, with historical underground workings yielding significant gold assays. The current focus of exploration is the Lapon Canyon portion, particularly the "Hotspot Zone," which was discovered in 2021 and characterized by high-grade, near-surface gold mineralization.

The ongoing 2025 reverse circulation (RC) drill program at Lapon Canyon is designed to extend known mineralization along strike and at depth, explore new targets, and gather data for a geological model. The ultimate goal is to complete an initial NI 43-101 compliant mineral resource estimate for the project. Recent drill results (October 2025) have confirmed wide, significant gold intercepts, including very high-grade sections (e.g., 21.8 g/t Au over 4.6m), and have demonstrated extensions of mineralization into new host rocks and areas. Observations of chalcopyrite also suggest potential for copper mineralization.

The Lapon Canyon project is subject to a 2% Net Smelter Return (NSR) royalty that WRR sold to Nevada Canyon Gold Corp. Additionally, the Pikes Peak Project is also subject to a 2% NSR royalty, also sold to Nevada Canyon.