TSXV: LWR     FSE: EE1A     

Lake Winn Announces New Omnibus Plan

November 22nd, 2022

Vancouver, British Columbia – November 22, 2022 –Lake Winn Resources Corp. (NEX: LWR.H, OTC: EQTXF) (the “Company”) is pleased to announce that at the Company’s Annual General Meeting held on September 30, 2022, the Company received shareholder approval to the Company’s new equity incentive compensation plan (the “Omnibus Plan”).  The Omnibus Plan was created to comply with the requirements of the new TSX Venture Exchange policy governing security-based compensation which became effective November 24, 2021.  The Omnibus Plan was conditionally approved by the TSX Venture Exchange.  The Omnibus Plan provides flexibility to the Company to grant equity-based incentive awards (“Awards”) in the form of stock options (“Options”) and deferred share units, performance share units, and restricted share units (collectively “Share Units”).  All future grants of equity-based Awards will be made pursuant to, or as otherwise permitted by, the Omnibus Plan, and no further equity-based awards will be made pursuant to the Company’s 10% “rolling” Share Option Plan dated for reference May 4, 2016, as amended October 19, 2020 (the “2020 Share Option Plan”). The Omnibus Plan supersedes and replaces the 2020 Share Option Plan.  The Omnibus Plan also allows option holders to exercise options on a  “Cashless Exercise” or “Net Exercise” basis, as now expressly permitted by the new policy. Additional details regarding the Omnibus Plan are contained in the information circular which was filed on SEDAR in respect of the September 30, 2022 annual general meeting.  A copy of the Omnibus Plan can be accessed under the Company’s SEDAR corporate website at www.sedar.com

About Lake Winn

Lake Winn Resources Corp., is a Vancouver based exploration company, listed on the NEX Board of the TSX Venture Exchange (Symbol: LWR.H) focusing on exploration and development of lithium and gold projects in Canada. The company’s flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kilometers north‐east of the town of Flin‐Flon. Access to the property is provided by Manitoba highway 10 to the all‐weather Kississing Lake Road. The company also has the Quartz property 76 kilometres east of Flin Flon where there are historic high grade gold drill intercepts.

On Behalf of the Board of Directors of Lake Winn Resources Corp.

Patrick Power

CEO and Director

Lake Winn Resources Corp.

Telephone: (604) 218-8772

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

Forward-looking Statements: Certain statements in this press release are “forward-looking statements” which reflect the Company’s current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business strategy, and financial needs. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “estimates”, “predicts” or “likely”, or the negative of these terms, or other similar expressions intended to identify forward-looking statements. Whether actual results, performance, or achievements will conform to the Company’s expectations and predictions is subject to a number of known and unknown risks, uncertainties, assumptions, and other factors, including without limitation, those risks and uncertainties discussed elsewhere on the website at www.prosmartinc.com and in the Company’s filings on SEDAR. Investors should not place undue reliance on forward-looking information. The forward-looking information contained herein is made as of the date hereof and is not obligated to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by applicable securities laws.

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