Western Alaska Minerals is focused on advancing its 100% owned "Illinois Creek Mining District" (>73,000 acres) which contains targets originally discovered by Anaconda Minerals in the 1980s and was consolidated by the WAM management team over the past 10 years. The portfolio of five, high-grade, evolving mineral projects contain: gold, silver, copper, lead, and zinc including a silver-rich Carbonate Replacement Deposit (CRD) and a NI 43-101 oxide gold resource at the Illinois Creek deposit. Our board, management, and technical teams have track records exploring and progressing Tier 1 assets in Alaska including Donlin Creek, Greens Creek, and Bornite. The company’s first-pass drill program at the Waterpump Creek (“WPC”) CRD target in 2021 intersected 9.1m (true thickness) @ 526 g/t Ag, 22.5% Zn & 14.4% Pb (1,886 g/t AgEq). WAM's 2022 drilling season continually intersected more bonanza-grade mineralization at Waterpump Creek, expanding the mineralized strike from 50m to 400m long.

1. TSX-V: WAM
westernalaskaminerals.com
Corporate Presentation: January 2023

2. Forward Looking Statements
This presentation contains numerous forward-looking statements relating to Western Alaska Minerals Corp.’s exploration and potential mining business, including estimated production data,
expected production and operating schedules, results of operations, reserves and resources, expected capital costs, mine plans, mine lives, other expected operating data, permitting and other
regulatory approvals. Such forward-looking statements are identified by the use of words such as “believes,” “intends,” “expects,” “hopes,” “may,” “should,” “will,” “plan,” “projected,”
“contemplates,” “anticipates”, “estimates”, “potential”, “likely” or similar words. Actual production, operating schedules, results of operations, reserves and resources, capital costs, mine plans,
mine lives, permitting and regulatory approvals could differ materially from those projected in the forward-looking statements. The factors that could cause actual results to differ materially from
those in the forward-looking statements include: (i) the risk factors set forth in Western Alaska Minerals Corp.’s disclosures; (ii) risks and hazards inherent in the mining business (including risks
inherent in discovering and developing large-scale mining projects, environmental hazards, industrial accidents, weather or geologically related conditions); (iii) changes in the market prices of
gold, copper and silver and a sustained lower price environment; comparative valuations to peer exploration stage companies; (iv) uncertainties inherent in Western Alaska Minerals Corp.’s
production, exploratory and developmental activities, including risks relating to permitting and regulatory delays, ground condition and grade variability; (v) any future labor disputes or work
stoppages; (vi) uncertainties inherent in the estimation of mineral resources and reserves and future production; (vii) changes that could result from Western Alaska Minerals ’s future acquisition
of new mining properties or businesses; (viii) reliance on third parties to operate certain mines where Western Alaska Minerals Corp. owns mineral production and; (ix) the absence of control over
mining operations in which the Company or any of its subsidiaries holds royalty or streaming interests and risks related to these mining operations (including results of mining and exploration
activities, environmental, economic and political risks and changes in mine plans and project parameters); (x) the loss of any third-party smelter to which Western Alaska Minerals Corp. markets
copper, silver and gold; (xi) effects of environmental and other governmental regulations; (xii) risks inherent in the ownership or operation of or investment in mining properties or businesses in
foreign countries; and (xiii) Western Alaska Minerals Corp.’s possible inability to raise additional financing necessary to conduct its business, make payments or refinance its debt. Readers are
cautioned not to put undue reliance on forward-looking statements. Western Alaska Minerals Corp. disclaims any intent or obligation to update publicly these forward-looking statements, whether
as a result of new information, future events or otherwise.
All scientific and technical information contained in this presentation is derived from or supported by the Technical Report (the "Technical Report") prepared in accordance with National
Instrument 43-101 entitled "Western Alaska Minerals Corp. ILLINOIS CREEK PROJECT", prepared by Bruce Davis, Robert Sim, Jack DiMarchi and Deepak Malhotra with an effective date of
January 15, 2021, which has been filed under the SEDAR profile of 1246779 B.C. Ltd on August 19, 2021. The scientific and technical information contained in this presentation has been
reviewed and approved by Stuart Morris, a Qualified Person as defined by National Instrument 43-101. Mr. Morris is an independent consultant with a MS in Economic Geology and 40 plus years
of experience in mineral resources, mine, and exploration He is a Registered Geologist with the British Columbia Association of Professional Engineers and Geoscientists (BC-APEG) No. 135066
and with the Arizona State Board of Technical Registration No. 16289.
This presentation uses Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") under the guidelines set out
in the Canadian Institute of Mining, Metallurgy and Petroleum (the "CIM") Standards on Mineral Resources and Mineral Reserves (the "CIM Standards"). The CIM Standards differ significantly
from standards in SEC Industry Guide 7 under the U.S. Securities Act ("SEC Industry Guide 7") and Subpart 1300 of Regulation S-K for mining disclosures ("SubPart 1300 Standards") and
may not be comparable to similar information made public by United States companies subject to reporting and disclosure requirements under United States federal securities laws and the rules
and regulations promulgated thereunder.
This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities. None of the securities to be issued in the proposed concurrent financing or to be issued
pursuant to the proposed RTO transaction have been or will be registered under the United States Securities Act of 1933, as amended, or any state securities laws, and any securities issued
pursuant thereto will be issued in reliance upon available exemptions from such registration requirements.
2

3. We’re at the start of something big.
Highlights of a
Tier 1 Team & Assets
3
Highly promising and under-
explored land package
Leadership track record of
value creation in Alaska
Growing Waterpump Creek
CRD discovery: significant
value creation catalyst
79
Au
Gold
47
Ag
Silver
30
Zn
Zinc
29
Cu
Copper
82
Pb
Lead

4. Common Shares Outstanding 23.8 million
Proportional Shares As-Converted* 22.5 million
Options 2.8 million
Fully Diluted Share Count 49.1 million
Fully Diluted Market Capitalization
at C$3.11/share (VWAP Dec 15/22-Jan 15/23)
C$152.7 million
Capitalization Structure
4
35%
26%
39%
Ownership
Directors & Officers
Institutions
Other
Analyst coverage: Michael Gray, Agentis Capital
*The purpose of the Proportional Shares is to allow the
Company to qualify as a foreign private issuer under United
States securities laws. Each proportional share is convertible
to 100 common shares at the request of the shareholder and
in the discretion of the Company. Because of these
conversion rights, for market capitalization and financial
analysis purposes, it is appropriate to convert the
proportional shares to common shares and add the product
of the conversion (approximately 23,900,000 shares) to the
current number of common shares outstanding. Further
information regarding the Company’s share structure is
available upon request.

5. Trading History
5
 Nov 2021 (C$5.2M) & TSX listing
 May 2022 (C$5M)
 August 2022 (C$12M)
Date
M Shares
outstanding
Price C$ MCC$
15-Nov-21 38.175 0.90 (0.85) 31.7 1.0x
5-May-22 42.661 1.80 (1.20) 76.8 2.4x
8-Aug-22 46.278 4.60 (4.10) 212.9 6.7x
30-Sep-22 46.278 2.21 102.3 3.2x
11-Oct-22 46.278 3.30 152.7 4.8x
Financings
Courtesy: Agentis Capital
-
100,000
200,000
300,000
400,000
500,000
600,000
-
$1.00
$2.00
$3.00
$4.00
$5.00
$6.00
Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 Jan-23
Volume
Price
(C$)
Western Alaska
commences trading on
the TSXV
Waterpump Creek
drilling intersects
15.7mTT of oxide
mineralization grading
484g/tAgEq
Waterpump Creek drilling intersects
9.1mTT of sulphide mineralization grading
584g/tAgEq and Honker drilling hit 7.6mTT
C$5 million non-
brokered private
placement
announced at
C$1.20 per
C$5 million non-
brokered private
placement closed
2022 drill program commences at
Waterpump Creek and additional
6,080 acres consolidated
Initial 2022 drill results at Waterpump
Creek yield up to 18.5m of massive
sulfide with assays pending
101.7m of massive sulfide replacement
mineralization intersected in hole
WPC22-18 with assays pending
Assay results yield
337g/tAg, 16.7%Zn
and 10.0%Pb over
C$8.2 million non-
brokered private
placement announced
Non-brokered private placement upsized to
C$12.0 million
First tranche
of C$12.0
million non-
brokered
private
placement
closes for
gross
proceeds of
C$9.75 million
Final tranche of
C$12.0 million
non-brokered
private
placement
Assay results yield
159g/tAg, 5.4%Zn and
5.3%Pb over 102.7m in
WPC22-20 intersects 11.4m
of 284g/tAg, 10.9%Pb and
789g/tAg, 22.0%Pb
and 14.9%Zn over
5.1m intersected in
hole WOC22-21
WPC22-22 intersects
22.7m of 293g/tAg,
9.0%Pb and 20.3%Zn and
54.6m of 187g/tAg,

6. WAM Management & Technical Team
6
Kit Marrs, B.Sc., M.Sc.
Chief Executive Officer & Director
• Western Alaska Minerals co-
founder
• 30+ years Alaska experience:
Anaconda (Project Manager at
Illinois Creek), Green’s Creek,
Ambler District
• Previously served on University of
Arizona Department of
Geosciences Board (15 years)
Joe Piekenbrock, B.A., M.Sc.
Chief Exploration Officer
• 35+ years exploration
experience
• Sr. VP Exploration, NovaGold,
NovaCopper (2002-2012)
• 2009 PDAC Thayer Lindsley &
2015 AME Colin Spence
Awards recognizing Joe’s
discovery contributions to
Donlin Gold & Bornite Copper
deposits
Alex Tong, CPA, CA
Chief Financial Officer
• 20+ years experience in finance
and mining, including 5 years at
NovaGold
• Held various senior management
positions
• Partner Calibre Capital Corp,
specialize in go-public
transactions, M&A and corporate
finance
Leaders of the next chapter in Alaskan high-grade discovery.
Technical Advisors
Dr. Peter Megaw, Ph.D.
• MAG Silver (Co-Founder)
• World-renowned expert on CRDs - Instrumental
in numerous discoveries: Platosa, Juanicipio,
Cinco de Mayo
• Recipient of 2016 Thayer Lindsley Award
Darwin Green, B.Sc, M.Sc, P.Geo.
• HighGold Mining (Founder, CEO), 20+
yrs Alaska experience
• Extensive public market experience:
financings, transactions, JV, corporate
development
• Commissioner’s Award for Project
Excellence for overseeing Niblack
project development

7. Nathan Brewer, B.A., CPG
• Director Highlander Silver Corp. Former Sr. VP of
Greenfields Exploration, Gold Fields Ltd.
• Worked for several major mining companies in
over 20 countries
• 40 years experience: grass-roots discovery to
feasibility stage projects; consulting geologist since
2019
Kevin Nishi, BBA, CPA
• 35 years financial experience
• Partner with Smythe LLP working with several
public companies listed on the TSX and TSX
Venture exchanges in Canada and in the United
States
David Smallhouse, B.Sc., M.Sc.
• 21+ years’ experience: Managing Director, Miramar
Ventures, LLC
• Member of various Tucsonan Boards and
Committees
• Masters Degree in Agricultural Economics from
University of AZ
Board of Directors
7
• Law practice, focusing on commercial
transactions, business organization and
strategy
• Manages family office which invests in real
estate, start-ups and early-stage ventures
Greg Anderson, B.A., J.D.

8. The Alaskan
Advantage
8
✔ Stable Jurisdiction
Ranked 5th out of 77 mining jurisdictions
by the Fraser Institute (2020)
✔ Proximity to “Marine
Highway”
Access to Yukon River is via a 45-
kilometer winter road. A (historic) State
of Alaska-funded engineering study for
an all-weather access road is being
updated.
✔ Rolling terrain
Amenable to development

9. Five Metals.
One District.
9
A rapidly expanding high-grade,
silver-rich carbonate replacement
(CRD) at Waterpump Creek with
nearby Cu porphyry and low
sulfidation vein systems
100% ownership; >73,000 acres
State of Alaska land
Illinois Creek Waterpump Creek
Round Top Honker TG North

10. 1.2
10
Tintic, Utah
19.1 Mt
14.2 opt Ag, 5.9% Pb, 1.2% Zn,
0.66% Cu, 0.145 opt Au
Santa Eulalia, Mex
51.6 Mt
10.0 opt Ag, 8.2% Pb, 7.1% Zn
Existing >500Koz AuEq
oxide resource
1000 Meters
N
Scale: All Images
GST
558000E
555000E
556000E
554000E
552000E
553000E
557000E
GST
GST
7101000N
7103000N
7105000N
7102000N
7100000N
Waterpump Creek CRD
Ag-Zn-Pb
Au-Cu
District-Scale Potential
Comparisons: Major CRD Districts
Similar Location at Extremity of Multi-km-long System
Greenstone Sill
Fault
Illinois Creek
Mine
2022 Exploration Drilling

11. 2021 Waterpump Creek High-Grade Silver (CRD) Discovery
11
August 2021: 9.1 meters true thickness of 522 g/t Ag, 22.5% Zn and 14.4% Pb of
carbonate replacement mineralization (“CRD”) drilled Waterpump Creek (“WPC”)
Result: Strategic corporate shift from re-development of the Illinois Creek oxide Au-Ag
resources to focus on Waterpump CRD exploration
Drill hole WPC21-09. Base metal mineralization visible
Carbonate Replacement Deposits – CRDs
⮚ High-grade, high-margin silver-lead-zinc mineralization
⮚ Favorable metallurgy: coarse-grained mineralization
⮚ Associated with large scale magmatic systems with large
tonnage potential
⮚ Attractive to major mining companies

12. Waterpump Creek High-Grade Silver (CRD)
Longitudinal Section
12
Major high-grade Ag Zn Pb CRD
mineralization
Drilling during 2022 has defined a zone:
• 30-75 meters wide
• ~ 400 m long
• Up to 101 meters thick
OPEN
OPEN
High-Grade PLUS Thickness
WPC21-09
Bonanza Grade
Ag-Pb-Zn
Ag-Pb-Zn
Zone
Above: Drill core from WPC22-17
WPC22-21
cut 5.1m
thickness @
789 g/t Ag

13. Drill
Holes
Drill Thickness
meters
1. WPC84-27 16.5
2. WPC84-31 25.8
3. WPC84-38 8.5
4. KH05-02 7.9
5. WPC21-09 9.1*
6. WPC22-07 18.5
7. WPC22-08 8.5
8. WPC22-11 17.2
9. WPC22-13 10.6
10. WPC22-17 47.0
11. WPC22-18 101.7
12. WPC22-20 32.1
13. WPC22-21 4.0
14. WPC22-22 67.3
Waterpump Creek High-Grade
Silver (CRD)
13
*calculated true thickness
2.
12.
11.
10.
14.
Assay
Table:
slide 21

14. Photos - 2022 Core
14
Photos

15. 2023 Plan Next Steps Goals
15
Waterpump
Creek Drilling
Mineral Resource Expansion
WPC Trend
~8,500 m
Exploration
Drilling
“Wade’s Trend” and “East IC Manto”
~8,500 m
Infrastructure Road access alignment & costing
Metallurgy Initial WPC sulfide metallurgy
Other Studies Continued baseline studies
>4 MT inferred mineral resource
at WPC (>120moz Ag Eq)
2nd developing mineral
resource
PFS level costing and
AIDEA engagement
Scoping level recoveries, work
index, concentrate characteristics
Scoping level permitting and
environmental considerations

16. Gold & Copper Projects
16
NI 43-101 resource estimate, Feb ‘21:
525,000oz AuEq @ +1.3g/t AuEq*
*Note: In-situ mineral resources are limited inside the $1,600/oz Au pit shell and are
reported at a base case cut-off grade of 0.35g/t gold equivalent (AuEq). Strip Ratio is
3.79:1. Mineral resources are not mineral reserves because the economic viability has not
been demonstrated. Prepared by: Robert Sim, PGeo, Sim Geological Inc, Bruce Davis,
PhD, BD Resource Consulting, Inc.
Gold equivalencies (AuEq) are based on metals pricing of $1,600/oz Au and $20/oz Ag
92% metallurgical recovery Au, 65% metallurgical recovery Ag
Illinois Creek (Reclaimed) - Gold Mine
Round Top – Copper Porphyry
Honker – Low Sulfidation
Gold Vein system

17. Responsible and Sustainable Exploration
17
Ongoing Local Initiatives
• Local initiatives/hiring/training
since 2017
• Water, fish habitat, wetlands,
engineering baseline studies
• Providing work training
scholarships to local villages of
Nulato and Kaltag in 2021
Efforts will be expanded in 2022
to Galena, Huslia and others
(Foreground) Driller and core-tech, Cameron
Hildebrand, from Nulato. (Background) Colorado
School of Mines student, Jackson Tanner, logging
core.

18.  One of the few early-stage silver projects based on grade in the
development pipeline
 Thickness of intervals cut in WPC22-17, 18 & 22 point to fast
growth of tonnage at Waterpump Creek
 Grades on a par or even greater than that seen at the largest
primary silver producers in the world
 Scale of the yet to be explored system footprint is on a par with the
largest worldwide CRD systems
18
 Grades encountered to date show bonanza-grade silver values,
base metal credits high enough to cover operating costs: a true
silver leveraged opportunity
Takeaways
✔ Unique Opportunity
✔ Fast Resource Growth
✔ Highly Leveraged to Silver
✔ Exceptional Grade
✔ Major Exploration
Upside

19. 19
Corporate Inquiries:
vanessa@westernalaskaminerals.com
info@westernalaskaminerals.com I westernalaskaminerals.com

20. Appendix:
Assays
-
CRD
Discussion
-
WAM Timeline

21. All Assay Results Received to Date
21
Drill Hole
From To
Thicknes
s
Ag Ag Zn Pb
(meters) (meters) (meters) g/t Oz/t % %
WPC22-21 150 155.1 5.1 789 25.4 14.9 22
WPC22-22 161.6 184.3 22.7 293 9.4 9 20.3
including 161.6 168.6 7 557 17.9 16.7 21.8
WPC22-22 207 216.5 9.5 118 3.8 3.5 8.7
WPC22-22 245.7 300.3 54.6 187 6 6.2 5.1
including 271.1 274.6 3.5 1223 39.3 32.5 8.1
including 292.6 300.3 7.7 311 10 10.1 1.8
WPC22-20 166.6 178 11.4 284 9.1 14.8 10.9
including 166.6 175 8.4 322 10.6 12.1 12.8
including 166.6 168.2 1.6 474 15.2 24.7 14.3
including 173.9 175 1.1 883 28.4 12.2 45.2
WPC22-20 185.2 205.9 20.7 171 5.5 9.4 5.8
including 187.8 189.7 1.9 272 8.7 22.3 7.6
including 193.4 196.1 2.7 297 9.5 2.8 10.6
WPC22-18 147.2 248.9 101.7 160 5.1 5.4 5.3
including 158.6 165.8 7.2 349 11.2 7.3 9.7
including 191.7 195 3.3 358 11.5 7.2 10.6
including 223.8 242.3 18.5 355 10.8 2.2 13.5
WPC22-17 125.5 174.3 48.8 144 4.6 9 5.5
including 125.5 135.3 9.8 428 13.8 15.9 14.1
including 160.6 164.7 4.1 417 13.4 14.8 18.3
WPC22-13 150.1 152.9 2.8 1304 41.9 2.5 37.1
WPC22-13 158.4 160.8 2.4 820 26.4 15 13
WPC22-11 139.1 150.6 11.5 337 10.8 16.7 10
WPC22-11 152.7 156.3 3.6 151 4.9 22.3 5.1
WPC22-08 114.6 125.5 10.9 157 5 9.9 6.4
WPC22-07 136.4 142.5 6.1 459 14.8 12.1 14.8
WPC22-07 150.1 164.4 14.3 54 1.7 10.3 1.9
WPC 21-09 109.4 120.9 11.5 522 16.8 22.5 14.4
Drill Hole
From To
Thicknes
s
Ag Ag Zn Pb
(meters) (meters) (meters) g/t Oz/t % %

22. Above numbered list common to all large known CRD deposits
22
World-renowned
Silver Expert,
Dr. Peter Megaw
Co-Founder,
MAG Silver
Peter Megaw’s CRD
Checklist
1. Location – Main Street CRD Belt
2. Ag (+400g/t), Au, Zn, Pb, Cu + Mn, Mo, As, W, V, Cd
3. Multiple mineralization and alteration stages
4. Large-scale zoning
5. Located at top of carbonate section (room to grow)
6. Presence of Felsite dikes
7. Discordant geometry (not syngenetic)
8. Replacement mineralization
9. High iron sphalerite
10. Pyrite pseudomorphs after pyrrhotite (not yet determined)
11. Molybdenum mineralization (not yet determined)
12. Granitic Stock
Is the Illinois Mining district a
major new CRD belt?
May 2022 land acquisition along
potential CRD belt

23. CRD Ore Body
Geometries
23
Hand Skeletal CRD Geometries
Santa Eulalia, Mex and Tintic, Utah Districts
Two of the best study and documented
worldwide CRD’s
Up to 5 km of horizontal mineralization
Santa Eulalia, Mexico Tintic, Utah
Content courtesy of Dr. Peter Megaw

24. 24
Staked Mantos and Chimneys CRD
Geometries
Santa Eulalia, Mex
1000 meters of vertical mineralization
Content courtesy of Dr. Peter Megaw
CRD Ore Body
Geometries

25. 25
Classic
Porphyry Copper
Zonation Patterns
Content courtesy of Dr. Peter Megaw
Hermosa’s Taylor Deposit contains a mineral
resource estimate of 138Mt, averaging 3.82%
zinc, 4.25% lead &
81 g/t silver, and remains open at depth and
laterally.

26. Timeline