Western Alaska Minerals is focused on advancing its 100% owned "Illinois Creek Mining District" (>55,000 acres) which contains deposits 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 deposits 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).

1. July 2022
westernalaskaminerals.com
The Illinois Creek Mining District
TSX-V: WAM

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.
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
Drilling success at Waterpump
Creek is a catalyst for
significant value creation
79
Au
Gold
47
Ag
Silver
30
Zn
Zinc
29
Cu
Copper
82
Pb
Lead

4. The Alaskan
Advantage
4
 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
Allows for easier development of assets

5. Five Metals
One District
5
Five evolving resources, including a
high-grade, silver-rich carbonate
replacement deposit (CRD) at
Waterpump Creek
100% ownership; +55,000 acres
State of Alaska land
Illinois Creek Waterpump Creek
Round Top Honker TG North
Yukon
River

6. Waterpump Creek High-Grade Silver (CRD) Deposit
6
** Silver equivalent using spot metal price assumptions of $22/oz silver, $1.30/lb zinc and $1/lb lead. Not adjusted for recoveries.
*See slide 29 for updates on WPC21-09 based on assays received in January 2022.
WAM Drill hole WPC21-09:10.5-meter* (9.1 meters true thickness) interval of 522
g/t Ag, 22.5% Zn and 14.4% Pb (1,886 g/t AgEq)**
• High-grade historical drilling shows continuity (see slides 7 & 30)
• 2022 Objective: Expansion/exploration of high grade Waterpump Creek CRD
Drill hole WPC21-09. Base metal mineralization visible
CRD = carbonate replacement deposit
 High-grade, high-margin silver-lead-zinc mineralization
 Favorable metallurgy: coarse grained mineralization
 Associated with large-scale magmatic systems
 Attractive for major mining companies:
i.e. South 32 purchase of Taylor-Sunnyside CRD for
C$1.8Bn

7.  Leveraged to exceptional grades with
massive argentiferous galena and
sphalerite
 5 sulfide drill intercepts below oxide
cap
 The 5 intercepts average 7.7 meters
true thickness grading 463 g/t Ag,
17.4% Zn and 11.8% Pb (see slide 30)
 Open to expansion down dip and along
strike
WPC21-09 115.1 – 115.8
434 g/t Ag, 39.9% Zn, 15.8% Pb
2543 g/t Ag Eq
WPC21-09 114.3 – 114.6
1013 g/t Ag, 4.0% Zn, 34.5% Pb
2250 g/t Ag Eq
WPC21-09 117.7 – 118.1
1596 g/t Ag, 26.8% Zn, 47.4% Pb
4159 g/t Ag Eq
WPC21-09 113.2 – 113.8
366 g/t Ag, 6.0% Zn, 15.2% Pb
1083 g/t Ag Eq
Waterpump Creek
Polished Drill Core
Examples of High-Grade
Mineralization
7

8. Above numbered list common to all large known CRD deposits
8
World-renowned
Silver Expert,
Dr. Peter Megaw
Co-Founder,
MAG Silver
Peter Megaw’s CRD
Checklist Is the Illinois Mining district a
major new CRD belt?
May 2022 land acquisition along
potential CRD belt

9. 9
Comparison of Recent
High-Grade Silver
Equivalent Drill
Intercepts
Company
Market Cap
($CAD)*
Project Hole
True
Width
(m)
AgEq
(g/t)
SilverCrest
TSX: SIL
$1.76 B El Picacho PI-20-006 7.3 3,297
Vizsla
TSX.V: VZLA
$488 M Panuco NP-21-170 11.4* 1,564
WAM
TSX.V: WAM
$67 M
Illinois
Creek
WPC21-09 9.1 1,886**
*Market Cap as of 4/1/2022
**Silver equivalent using spot metal price assumptions of $22/oz silver, $1.30/lb zinc
and $1/lb lead. Not adjusted for recoveries

10. 10
0
200
400
600
800
1000
1200
1400
1600
1800
2000
Waterpump Creek
WPC21-09
522 gpt Ag – 1,886 gpt AgEq
Top 10 Primary Silver Mines
Avg. 284 gpt Ag – 492 gpt AgEq
Other Primary
Silver Mines
Dev/Re-Dev
Projects
WPC21-09 Compared to
Average Grade of
Worldwide Primary
Silver Mines
Ag component
AgEq bi-product component

11. Comparable TSX-Companies:
Stages and Valuations
11
High-Grade Primary Silver Projects
0.00
2.00
4.00
6.00
8.00
10.00
12.00
EV US$/ AgEq Oz
Company
Reserves/
Resources
Stage
Grade
AgEq
Moz
AgEq
MC
M C$
EV US$/
AgEq Oz
SilverCrest PP Production 1067 115 1763 10.49
Mag Silver PP Production 663 152 2089 10.20
Alexco PP Production 855 40 337 6.45
Blackrock MII Pre-PEA 376 36 258 5.38
Dolly Varden MII Pre-PEA 294 44 207 3.16
Vizsla MII Pre-PEA 372 109 488 3.16
WAM MII Exploration 146 56 67 0.84
Pre-PEA Stage
Avg. – $3.90/oz AgEq
Production Stage
Avg.– $9.04/oz AgEq
Enterprise value/Oz AgEq for
Comparable Projects
• Production stage – $9.04US
• Pre-PEA – $3.90US
• WAM’s current valuation based on its
resource potential at WPC and the
WPC/LH/IC CRD trend and its existing
Au/Ag oxide resource (525Koz AuEq
or 56 Moz AgEq)
WAM can expect a major
re-valuation pending positive
results from its ongoing
high-grade WPC resource drilling

12. 12
• Drilling initiated May 22nd
Ongoing Program Scaling Potential of
Ongoing Resource Drilling
Re-Valuation of WAM
• 4,000 meters focused on WPC
resource expansion
• Additional meterage focused on 8
km WPC/LH/IC trend
• Targeting to be based on June
geophysical program
• Camp and facilities upgrades
• Additional land acquisition in
developing CRD belt
Potential Market Caps and Implied Share Prices in C$ are
shown based on the following assumptions:
• Grade and widths of sulfide mineralization at WPC
encountered in the initial 5 sulfide intercepts can be
expanded to the above scaled footprints.
• Average EV of high-grade primary silver projects for Pre-
PEA Stage (MII resources only) remains at $3.90 US/oz
AgEq.
Goal: Re-valuation based on
high-grade resource growth
Potential
Resource
Moz AgEq
Grade
AgEq g/t
Needed Footprint
Million
Tonnes
Potential
Market Cap
Re-Valuation
MC$
Potential Share
Appreciation
Implied Share
price C$
meters meters meters
50 1422 7.7 100 316 1.09 253 3.8 x $ 5.49
75 1422 7.7 100 473 1.64 380 5.7 x $ 8.23
100 1422 7.7 100 631 2.19 506 7.6 x $ 10.98
*based on 46.15M shares FD as of 5/20/2022

13. Illinois Creek Oxide Gold: Deposits
13
• Past-producing Mine (1996-2002)
• Almost no exploration of extensions since mine
development drilling in 1996
• Extensions to mineralized body drilled in 2021
• Complete mine permit data in hand
• Mined and stacked leach pad material ready for re-
processing with modern recovery methods
NI 43-101 resource estimate, Feb ‘21:
525,000oz AuEq @ +1.3g/t AuEq*
Evidence that a fully-permitted mine can operate in this part of Alaska:
*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.
Illinois Creek (Reclaimed) Mine

14. Honker: High-Grade Gold Oxide Target
14
Trace of the
Main Honker Vein
Trace of the
West Honker Vein
2021 Pad 1
2021 Pad 2 • Veins strike up to 1,000m in length and vary from 1 to 7
meters in width
• 2021 drill intercept: vein interval is estimated at 7.1 meters
true thickness
• Honker could provide high grade feed to a combined
processing operation at Illinois Creek
• Numerous grab, channel and bulk samples return assays
>34g/t Au (>1opt)
See slides 31-32 in the Technical Appendix for more information
High-grade, low sulfidation vein field ~10km north of Illinois Creek

15. Round Top Copper
Porphyry Deposit
15
• Major primary porphyry target (+600m depth)
• Adjacent TG CRD prospect with large-scale
potential
• US $5M in Western Alaska expenditures
including 33 drill holes totaling 10,786 meters
Recent Exploration Work Completed:
• 33 drill holes totaling 10,786 meters
• High resolution aeromagnetic survey
• Soil geochemistry grid
• IP & Resistivity geophysical surveys
High-level chalcocite/covellite mineralization
DH RT17-018 203.5 to 206.5 m: 2.9% Cu and 58.7 ppm Ag
“GREEN COPPER” DEPOSIT

16. 2022 Next Steps
16
Further 2022 work
if funded, pending initial drilling
implications
Drilling&
Geophysics
Resource
Expansion
Scoping Operating costs
Infrastructure
Road access alignment &
costing
Metallurgy Initial WPC sulfide metallurgy
WPC
Resource
Estimation
Initial report, pending results
CRD Belt
Expansion
Sampling on newly acquired claims

17. WAM Management Team
17
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.Sc., 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
• 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.
Executive Vice President & Director
Introducing the leaders for the next chapter in Alaskan high-grade discovery.

18. Tier 1 Technical Advisors
A Well-Rounded Board
Dr. Peter Megaw, Ph.D.
Technical Advisor
• 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.
Technical Advisor
• 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
Nathan Brewer, B.A., CPG
Director
• 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
Director
• 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.S., M.S.
Director
• 21+ years’ experience: Managing Director, Miramar
Ventures, LLC
• Member of various Tucsonan Boards and Committees
• Masters Degree in Agricultural Economics from
University of AZ
18

19. Common Shares Outstanding 19.24 million
Converted Proportional Shares* 23.9 million
Options 3.0 million
Fully Diluted Share Count 46.1 million
Fully Diluted Market Capitalization
at C$1.68/share (as at July 19, 2022)
C$78.3 million
*Proportional shares (239,000) on an as-converted basis. Each Proportional
Share is convertible at the option of the company and holder into Common
Shares at a ratio of 100:1.
See Slide 36 for a detailed explanation of the Proportional Shares.
Capitalization Structure
19
38%
20%
42%
Ownership
Insiders
Institutions
Other
• C$5.0M non-brokered private placement (May 2022) @ $1.20 (no warrants)
• C$5.3M RTO financing (Nov. 2021) @ $0.85 (no warrants)
Analyst coverage: Michael Gray, Agentis Capital

20. Key Infrastructure
at Illinois Creek
20
Illinois Creek Camp 4400’ Illinois Creek Airstrip –
serviceable by DC-6 and C-
130 heavy lift aircraft
Supplies arriving by cargo
plane, fleet of heavy
equipment & trucks, and a
12km road system

21. Responsible and Sustainable Exploration
21
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.

22. INVESTMENT SUMMARY RECAP
Tier 1 discovery track-record in Alaska
100% of a consolidated district-scale land package with five deposits in a
highly prospective and under-explored region – 1st exploration in 20 yrs
2021 High-Grade CRD discovery from initial WAM drilling*
Attracted world-renowned silver-CRD expert to technical advisory
Well-funded to advance CRD system
22
*on one of numerous follow up targets in the historical data

23. 23
Corporate Inquiries:
vanessa@westernalaskaminerals.com
info@westernalaskaminerals.com I westernalaskaminerals.com

24. 24
TECHNICAL APPENDIX

25. 2022 Initial Drill Intercepts
at Waterpump Creek*
25
Drill hole
From
(meters)
To
(meters)
Thickness
(meters)
Estimated True
Thickness
(meters)
July 20, 2022 News Release
WPC22-17 Massive Sulfide 125.5 172.5 47.0
Length of Mineralized
Interval
125.5 172.5 47.0 38.5
WPC22-18 Massive Sulfide 147.2 151.6 4.4
Internal Gossan 151.6 155.2 3.6
Massive Sulfide 155.2 168.1 12.9
Internal Gossan 168.1 190.0 21.9
Massive Sulfide 190.0 248.9 58.9
Length of Mineralized
Interval
147.2 248.9 101.7 Indeterminate at
This Time
July 5, 2022 News Release
WPC22-07 Massive Sulfide 138.0 142.5 4.5
Length of Mineralized
Interval
138.0 142.5 4.5 4.5
WPC22-07 Massive Sulfide 150.4 164.4 14.0
Length of Mineralized
Interval
150.4 164.4 14.0 12.1
WPC22-08 Massive Sulfide 114.6 123.1 8.5
Length of Mineralized
Interval
114.6 123.1 8.5 7.7
WPC22-11 Massive Sulfide 139.1 150.6 11.5
WPC22-11 Internal Gossan 150.6 152.7 2.1
WPC22-11 Massive Sulfide 152.7 156.3 3.6
Length of Mineralized
Interval
16.8
WPC22-13 Massive Sulfide 150.8 151.9 1.1
WPC22-13 Internal Gossan/Void 151.9 158.4 6.5
WPC22-13 Massive Sulfide 158.4 161.4 3.0
Length of Mineralized
Interval
150.8 161.4 10.6 9.6
*As of July 19, 2022 assays pending
July 5 & 20, 2022 News Releases: Interval Summary of
Massive Sulfide/Replacement Mineralization & Gossan

26. Property Geology
• Mineralization developed in dolomites
and dolomitic quartzites at the
intersections of NE-trending high angle
syn-mineral structures and stacked
pre-mineral thrust plates
• Initial 2022 drilling targeted at resource
development at the WPC zone
• June 2022 CSAMT geophysical
program to define sulfide resource
targeting from WPC thru Last Hurrah
to the IC oxide Au/Ag deposit - 8 km
26
7104000N
7101000N
7102500N
7105500N
7099500N
QTZ
GST
CMGS
CMGS
CMGS
CMGS
DOL
DOL
1000m
558000E
555000E
556500E
553500E
552000E
GST
East IC
Manto
Illinois Creek Geology
>100 ppm Pb soil
Mantos
IP Survey Lines
Syn-mineral Feeder Structures
Pre-mineral Thrust Faults
Syn to Post-mineral Normal Faults
QTZ – Dolomitic Quartzite
CMGS – Qtz-Chlor-Graph-Musc Schist
DOL - Dolomite
GST - Greenstone
MBL – Marblized Dolomite
MBL
N
QTZ
QTZ
GST
DOL
Waterpump Ck
Last
Hurrah
Illinois Creek
Geophysical
survey
outline

27. CRD Takeaways
• Though exploration is focused on the
immediate resource expansion at
Waterpump Creek, numerous other high-
quality CRD targets exist along the entire
5+ km distance between WPC and the
existing Illinois Creek oxide Au/Ag deposit
• CRD systems are known for their
continuity of mineralization over long
distances and are often stacked ore
bodies
• Numerous targeted intersections between
permissive stratigraphy and the syn-
mineral fluid conduits
District Schematic Cross-Section
27

28. Waterpump Creek
Target
• 200 x 400-meter zone of oxide gossan
mineralization developed at contact or
near the thrust contact of an overlying
schist package and dolomite – open to
expansion along strike as demonstrated
in Pb soils
• Oxidation persists to 100-meter depth
where sulfide mineralization occurs below
a flexure in the thrust surface. 5 DHs
have been completed in the sulfide target
and define a 50 x 100-meter area of
exceptional grade open to expansion
Grade x Thickness in AgEq g/t
28

29. Waterpump Creek CRD Sulfide Mineralization
29
• WPC21-09 cut 10.5 meters (9.1 m true
thickness) of 522g/t Ag, 22.5% Zn
and 14.4% Pb* of massive intergrown
sphalerite and argentiferous galena
down-dip of historical Anaconda and
NovaGold drilling
• *Gross value per tonne: $1,446
(value of mineralization in hole WPC21-09,
based on $1.30 Zn, $1.10 Pb, and $22/oz Ag)
• High-grade sulfide mineralization
remains open to expansion down dip
and to the north. As seen in the
previous slide, mineralization is down-
dropped across a fault to the south but
remains open to expansion at depth in
that structural block
100 meters
WPC84-027
7.8 m @ 9.7% Pb,
6.2% Zn and 320g/t Ag*
WPC84-038
6.0 m @ 8.0% Pb,
21.8% Zn and 219g/t Ag*
Ag Pb Zn Soil anomaly
oxide
sulfide
Waterpump Creek Antiform
significant oxide Ag, Pb, Zn intercepts
occur in gossan to the north of section
5200N
Waterpump Creek Deposit
Looking N Section 5200
WPC84-028 oxide
4.6 meters 12.7% Zn*
WPC21-09
9.1 m
22.5% Zn, 14.4% Pb
and 522g/t Ag
*Historical DH assays based on unverified Anaconda data
W E

30. Waterpump Creek
Super High-Grade
(Historical) Averages
30
Drill hole
From
(meters)
To
(meters)
Thickness
(meters)
True
Thickness
(meters)
Ag
g/t
Pb
%
Zn
%
Ag
Eq
g/t
WPC84-027 107.3 115.1 7.8 6.8 771 9.8 10.5 1402
WPC84-031 124.4 135.0 10.6 9.2 289 10.1 12.1 979
WPC84-038 145.1 153.6 8.5 6.8 170 6.0 15.3 832
KH05-02 102.4 110.0 7.6 6.6 608 18.4 27.3 2029
*Drill hole WPC21-09, previously released (November 15, 2021) shows a 9.3-meter interval (8.1
meters true thickness) of 540 g/t Ag, 24.5% Zn and 16.1% Pb. Additional high-grade Zn assays
adjacent to the previously released interval now show the interval as a 10.5-meter (9.1 meters true
thickness) interval of 522 g/t Ag, 22.5% Zn and 14.4% Pb (news release January 18, 2022).
• Historical drilling in the oxidized
mineralization includes some impressive
intervals including NovaGold’s KH05-01
which returned 19.6 meters of 478 g/t Ag,
26.6% Pb and 5.4% Zn
• The drilling demonstrates that significant Ag
oxide mineralization exists at very shallow
depths which may be amenable to vat leach
extraction (currently being studied for the
Illinois Creek oxide Au/Ag resource)
Sulfide Intervals at WPC
Drill hole WPC21-09 combined with the table above constitutes the 5 initial sulfide
intervals which define a roughly 50 x100 meter area of the manto.

31. Illinois Creek Resource Estimation
31
Isometric View of Base Case Mineral Resources
BD Resource and Sim Geological, Feb 2021

32. Honker 2021 Drilling
32
• 2021 drilling completed 6 holes (~600m) from 2 drill pads to better
determine the potential grade and continuity of the veins
• Drilling on the northern pad returned significant mineralized intervals
of 2.1, 3.5 and 7.1 meters respectively of the Honker main vein
• Drilling on the southern pad showed thinner and less continuous
mineralization characterized by veins splays of <1m width
• Overall, the drilling demonstrates a complex system of multi-veins,
splays and added resource potential
• HNK21-06 cut strongly quartz veined and brecciated mineralization
with abundant As-oxide (scorodite) from 70.1 to 83.9 meters. The
vein interval is estimated at 7.1 meters true thickness
• Only one vein structure has been tested. 3 out of 10 historical
Anaconda drill holes crosscut the “Main Vein” averaging 2.6m of
5.3g/t Au while the remaining drill holes were drilled in the hanging-
wall or footwall and/or were lost in bad ground
Quartz/Scorodite
veins
Left: Intense quartz/scorodite veins and stock-working shown from 70.1m to 74.9m. Only
the upper portion of mineralized interval is shown which continues to 83.9m

33. Honker Impressive Surface Sampling
33
• Numerous grab, channel and bulk
samples return assays >34g/t Au (>1opt)
• Surface sampling of the West Honker
vein indicates grades over of 14.5g/t. The
West Honker vein is untested
• Follow-up metallurgy on bulk samples
collected by WAM confirmed the
Anaconda metallurgy and showed
excellent gold recoveries of +90%
• Oxidation extends 150 meters deep with
sulfide continuing to depth
Channel Samples
Chip Samples
Main Honker Vein
West Honker Vein

34. Round Top Porphyry Deposit
• 2016-2019 drilling defined a zone of high-level
chalcocite/covellite D-stage veins
• Initial resource estimation on this
mineralization is anticipated in early 2023
• Drilling has further defined an early potassic
stage Mo-rich assemblage with alteration and
geochemical vectors toward main stage Cu
mineralization. Magnetic susceptibility
modeling strongly supports this vectoring
• A major multi km base metal soil anomaly
occur marginal to the Round Top porphyry in
the same carbonate stratigraphy as Illinois
Creek
• Very limited drilling shows widespread silver
lead zinc mineralization
• Major geophysical targeting is warranted
34
Round Top drilling, 2021

35. NS Cross-section 571000E
Mag Susceptibility
Target
Biotite/Magnetite
+/-Cpy/Py/Tr Brn
>150 ppm
Mo
Skarn
(pyrrhotite
magnetic
signature)
Skarn
(pyrrhotite
magnetic
signature)
High-Level Lithocap
Cc/Cv/Cpy/Py
500+ degrees
350-450 degrees
<250 degrees
Primary
Porphyry Cu Target
• Key vectors in the
geochemistry, mineralogy,
alteration, and geophysical
modeling indicate the very
high erosional level of the
system and strong
evidence for a major
porphyry system at depth
• Magnetic susceptibility
modeling of high resolution
aero-magnetics show a
major anomaly at roughly
>600 meters depth
adjacent to the currently
defined high-level
mineralization
35
Round Top Deep Porphyry Targeting
Ground topo

36. TG/TG North CRD Targeting
36
• Major potential for carbonate
replacement mineralization exists
adjacent to the Round Top Porphyry
Cu deposit
• Multi km coincident Ag, Pb, Zn, As,
Mn soil anomalies occur at the same
dolomitic quartzite contact with
overlying phyllitic rocks as seen at
Illinois Creek (just to the south)
• Extensive geophysical targeting is
warranted to develop these targets
to drill stage
Round Top
Porphyry Cu
Deposit
4 x 2 km coincident
Pb/Zn/Ag soil anomaly in dolomitic
sandstones dipping 10 degrees east
into RT intrusive complex
TG 1 23.6 m of 4.7% Zn 0.7% Pb
and 22g/t Ag
RT18-029
6.1 m of 1.6% Pb and 64g/t Ag
3 x 2 km coincident Pb/Zn/Ag anomaly
in QMC schist and QLF diatreme

37. Proportional Shares Explained
37
• The purpose of the Proportional Shares is so the Company qualifies as a “Foreign Private Issuer” under U.S. securities laws and thereby avoids additional
U.S.-related securities filing and reporting requirements. In order to qualify as a Foreign Private Issuer, no more than 50% of the Company’s outstanding
shares may be held by U.S. Residents.
• Approximately 238,600 of the issued shares are compressed, “Proportional Shares”, each of which is convertible to Common Shares.
• For purposes of market capitalization and financial analysis, the Company believes it is appropriate to convert 238,600 Proportional Shares to Common
Shares. This yields 23,8600,000 common shares.
• Each Proportional Share has voting and economic rights on an as-converted basis.
• The Proportional Shares are convertible to common shares at the request of the shareholders and in the discretion of the Company.
Common Shares Outstanding 19.24 million
Converted Proportional Shares* 23.9 million
Options 3.0 million
Fully Diluted Share Count 46.1 million
Fully Diluted Market Capitalization
at C$1.68/share (as at July 19, 2022)
C$78.3 million