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
The Illinois Creek Mining District
westernalaskaminerals.com
Corporate Presentation: December 2022

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 22.4 million
Proportional Shares As-Converted* 23.9 million
Options 2.8 million
Fully Diluted Share Count 49.1 million
Fully Diluted Market Capitalization
at C$2.70/share (VWAP Nov 1-30/22)
C$132.6 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. 11-month Trading
History & Events
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
Recent Financings
Courtesy: Agentis Capital

6. WAM Management 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
• 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.

7. 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.Sc., M.Sc.
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
7

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. 2021 Waterpump Creek High-Grade Silver (CRD) Discovery
10
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

11. Waterpump Creek High-Grade Silver (CRD) –
Longitudinal Section
11
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
WPC22-17&18
High-Grade PLUS Thickness
WPC21-09
Bonanza Grade
Ag-Pb-Zn
Ag-Pb-Zn
Zone
Above: Drill core from WPC22-17

12. 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)
12
*calculated true thickness
2.
12.
11.
10.
14.
See
slide
22 for
grades

13. Assay Results: WPC22-20
13
Drill Hole
WPC22-22
From
(meters)
To
(meters)
Thickness
(meters)
Ag
g/t
Ag
oz/t
Zn
%
Pb
%
161.6 184.3 22.7 293 9.4 9.0 20.3
including 161.6 168.6 7.0 557 17.9 16.7 21.8
WPC22-22 207.0 216.5 9.5** 118 3.8 3.5 8.7
WPC22-22 245.7 300.3 54.6** 187 6.0 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 10.0 10.1 1.8
Above: core sample from WPC22-22
* Width reported as core length
** Previously visual release of 9/22/2022 reported 3.9 meters for middle zone and 40.7 meters for the lower zone

14. Photos - 2022 Core
14
Photos

15. 1.2
15
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
WPC Sulfide
Manto
WPC Oxide
Manto
7101000N
7103000N
7105000N
7102000N
7100000N
Ag-Zn-Pb
Au-Cu
Footprint Comparisons:
Major CRD Districts
Similar Location at Extremity of Multi-km-long System
Greenstone Sill
Fault

16. 2023 Plan Next Steps Goals
16
Drilling
Mineral Resource Expansion
WPC Trend
15,000 m
Drilling
Exploration:
“Wade’s Trend” and “East IC Manto”
10,000 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

17. Gold & Copper Projects
17
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

18. Responsible and Sustainable Exploration
18
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.

19.  One of the few early-stage silver projects based on grade in the
development pipeline
 Thickness of intervals cut in WPC22-17 & 18 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
19
 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

20. 20
Corporate Inquiries:
vanessa@westernalaskaminerals.com
info@westernalaskaminerals.com I westernalaskaminerals.com

21. Appendix:
Assays
-
CRD
Discussion
-
WAM Timeline

22. All Assay Results Received to Date
22
Drill hole
From To Thickness Ag Ag Zn Pb
(meters) (meters) (meters) g/t Oz/t % %
WPC21-09 109.4 120.9 10.5 522 16.8 22.5 14.4
WPC22-07 136.4 142.5 5.1 459 14.8 12.1 14.8
WPC22-07 150.1 164.4 14.3 54 1.7 10.3 1.9
WPC22-08 114.6 125.5 10.9 157 5.0 9.9 6.4
WPC22-11 139.1 150.6 11.5 337 10.8 16.7 10.0
WPC22-11 152.7 156.3 3.6 151 4.9 22.3 5.1
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 15.0 13.0
WPC22-17 125.5 174.3 48.8 144 4.6 9.0 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
WPC22-18 147.2 248.9 101.7 160 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 18.5 335 10.8 2.2 13.5
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
WPC22-22 161.6 184.3 22.7 293 9.4 9.0 20.3
including 161.6 168.6 7.0 557 17.9 16.7 21.8
WPC22-22 207.0 216.5 9.5** 118 3.8 3.5 8.7
WPC22-22 245.7 300.3 54.6** 187 6.0 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 10.0 10.1 1.8

23. Above numbered list common to all large known CRD deposits
23
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

24. CRD
Ore Body Geometries
24
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

25. 25
Staked Mantos and Chimneys CRD
Geometries
Santa Eulalia, Mex
1000 meters of vertical mineralization
Content courtesy of Dr. Peter Megaw
CRD
Ore Body Geometries

26. 26
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.

27. 27
WAM Timeline
27
27