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Alaska Silver Announces Grant of RSUs

MWN-AI** Summary

On December 22, 2025, Alaska Silver Corp. (TSXV: WAM) announced the issuance of 68,334 restricted share units (RSUs) to select non-executive directors, in line with the company's director compensation policy. Each RSU will convert into one subordinate voting share upon vesting, with all granted units set to vest one year from the date of issuance.

Additionally, Alaska Silver reported an amendment to a promissory note involving its wholly-owned subsidiary, Western Alaska Copper and Gold Company, and company officer Joe Piekenbrock. The revised terms of the note include a reduced interest rate from 5.0% to 3.5%, a decrease in monthly payments from $25,000 to $10,000, and an extension of the maturity date for principal and interest payments from December 1, 2026, to July 1, 2027.

Alaska Silver is recognized as a pioneer in North America's high-grade silver and critical mineral sectors, particularly through its Illinois Creek Project located in western Alaska. This project boasts significant mineralization, including inferred resources of 75 million ounces of silver equivalent at the Waterpump Creek zone, alongside historical data from the Illinois Creek mine. The company controls a comprehensive land package of 80,895 acres, indicating strong exploratory potential.

With headquarters in both Alaska and Arizona, Alaska Silver's management team brings extensive experience in large-scale mining discoveries, positioning the company favorably within the market. The scientific and technical information shared in this announcement has been reviewed and approved by Patrick Donnelly, a certified Qualified Person under National Instrument 43-101.

Investors and stakeholders seeking more details can visit the company’s website or contact the management team directly for further inquiries.

MWN-AI** Analysis

Alaska Silver Corp. (TSXV: WAM) has recently announced the granting of 68,334 restricted share units (RSUs) to non-executive directors, coupled with significant financial adjustments regarding its promissory note. These developments mark notable shifts that merit closer inspection from market participants.

The issuance of RSUs, which will vest one year post-grant, aligns with Alaska Silver's strategy of aligning management incentives with shareholder interests. This is a positive signal for investors, as it hints at a long-term commitment from the board towards enhancing shareholder value, especially in a high-grade silver project like the Illinois Creek Project. The project's inferred mineralization of 75 Moz @ 980 g/t AgEq indicates substantial potential, particularly as demand for silver and critical minerals surges globally.

Additionally, the amendment to a promissory note with a reduced interest rate from 5.0% to 3.5% and lowered monthly payments from $25,000 to $10,000 can be interpreted as a strategic move to improve the company's liquidity and financial health. Extending the maturity date of the debt until July 2027 provides the company with more breathing room, which might be crucial given the fluctuating metals market and potential capital requirements for exploration and development.

In conclusion, investors should watch Alaska Silver closely. The company's strategic initiatives signal a proactive management approach that could lead to greater operational efficiency and project advancement. As silver prices have a tendency to rally during economic uncertainty, and given the projected growth in demand for critical minerals, Alaska Silver’s positioning could yield substantial returns for shareholders. Keeping an eye on further developments and market conditions will be essential for making informed investment decisions in this space.

**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.

Source: Newsfile

Tucson, Arizona--(Newsfile Corp. - December 22, 2025) - Alaska Silver Corp. (TSXV: WAM) (FSE: MK7) (OTCQX: WAMFF) (the "Company" or "Alaska Silver") announces that it has issued an aggregate of 68,334 restricted share units ("RSUs") to certain non-executive directors of the Company in accordance with the Company's director compensation policy. Each RSU entitles the holder to be issued one subordinate voting share of the Company on vesting. All of the RSUs will vest one year from the grant date.

In addition, the Company announces the amendment of the promissory note between the Company's 100% owned subsidiary Western Alaska Copper and Gold Company and Joe Piekenbrock, an officer of the Company. The terms were amended as follows: the interest rate was reduced from 5.0% to 3.5%, monthly payments are reduced from $25,000 to $10,000 and the maturity date in respect of the outstanding principal and interest payable is extended from December 1, 2026 to July 1, 2027.

About Alaska Silver

Alaska Silver is the pioneer of one of North America's major high-grade silver and critical minerals districts at the Illinois Creek (IC) Project in western Alaska. Anchored by the high-grade silver mineralization of the Waterpump Creek zone, 75 Moz @ 980 g/t AgEq (Inferred) 1,2, open to the north and south and the historic Illinois Creek mine, 525 Koz AuEq - 373 Koz @ 1.3 g/t AuEq (Indicated), 152 Koz @ 1.44 g/t AuEq (Inferred) 3,4, Alaska Silver's 100% owned carbonate replacement deposit shows significant exploration potential across its 8-km length. Located approximately 38 kilometers from the Yukon River, the region's marine highway, the claims of the IC project cover a 100% owned land package of 80,895 acres (126.36 sq miles or 32,337 hectares). Headquartered in both Alaska and Arizona, Alaska Silver brings together a team with a proven track record of large-scale mine discoveries.

1 Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project Update, Illinois Creek Mining District, Western Alaska, USA" dated April 2, 2024 (effective date of February 20, 2024).

2 For Waterpump Creek, the formulas for AgEq are AgEq (g/t)= Ag (g/t) + 28.56 x Pb(%) + 37.12 x Zn(%) and assume metal prices of US$24/oz Ag, US$1.30/lb Zn, and US$ 1.00/lb Pb.

3 Please refer to the NI 43-101 Technical Report titled "Illinois Creek Project Update" dated September 22, 2023 (effective date of May 22, 2023).

4 For Illinois Creek, AuEq values are based only on gold and silver values using metal prices of US$1,600/oz Au and US$20/oz Ag.

Qualified Person

Patrick Donnelly P.Geo, Executive Vice President of Alaska Silver, is a Qualified Person under National Instrument 43-101, has reviewed and approved the scientific and technical information in this news release.

On behalf of the Company

"Kit Marrs"

Kit Marrs
President & CEO
kit@alaskasilver.com
Phone: 1-520-200-1667

For further information, please contact:

Patrick Donnelly,
Executive Vice President
pat@alaskasilver.com

Or visit our website at: www.alaskasilver.com

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accept responsibility for the adequacy or accuracy of this release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278804

FAQ**

How has the strategic location of Tucson, Arizona, influenced Alaska Silver Corp.'s operational decisions related to the Illinois Creek Project as a key player in Western Alaska Minerals Corp. WAM:CC?

Tucson's strategic location has enabled Alaska Silver Corp. to efficiently coordinate logistics and resources for the Illinois Creek Project, enhancing operational efficiency while leveraging local expertise and relationships in the broader mining sector within Western Alaska.

What impact does the cost of living and business environment in Tucson have on Alaska Silver Corp.'s ability to attract talent and expertise, particularly in the mining sector for Western Alaska Minerals Corp. WAM:CC?

The cost of living and business environment in Tucson can hinder Alaska Silver Corp.'s ability to attract talent and expertise for Western Alaska Minerals Corp. (WAM:CC) by making it less appealing than competing regions with more favorable conditions for mining professionals.

Given Tucson's historical significance in mining, how does Alaska Silver Corp. leverage this heritage to enhance its reputation and credibility as part of Western Alaska Minerals Corp. WAM:CC?

Alaska Silver Corp. leverages Tucson's historical mining significance by emphasizing its expertise in mineral exploration and sustainable practices, enhancing credibility and reputation as part of Western Alaska Minerals Corp. WAM:CC, known for valuing heritage and responsible resource management.

In what ways does Alaska Silver Corp. plan to engage with the Tucson community to bolster support for its ventures related to Western Alaska Minerals Corp. WAM:CC in the coming years?

Alaska Silver Corp. plans to engage with the Tucson community through local partnerships, community events, educational outreach, and collaboration with stakeholders to enhance support for its ventures related to Western Alaska Minerals Corp. (WAM:CC).

**MWN-AI FAQ is based on asking OpenAI questions about Western Alaska Minerals Corp. (TSXVC: WAM:CC).

Western Alaska Minerals Corp.

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