Lake Winn Corrects Disclosure Pursuant to Previously Announced Private Placement

February 3rd, 2023

Vancouver, British Columbia – February 3, 2023 –Lake Winn Resources Corp. (NEX: LWR.H, OTC: EQTXF) (the “Company”) wishes to issue a correction to its previously disseminated news release dated February 1, 2023 announcing the close of the Company’s private placement (the “Offering”). The second paragraph of the news release incorrectly described the number of units and the aggregate gross proceeds of the Offering. The correct amount of units is 4,831,669 units for aggregate gross proceeds of $289,900.

The remaining material terms of the Offering remain as announced on February 1, 2023.

About Lake Winn

Lake Winn Resources Corp., is a Vancouver based gold and lithium 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 Li Property which hosts the Little Nahanni Pegmatite Group (LNPG)  lithium-cesium-tantalum (LCT) pegmatite dykes that have been traced for over 13km. The property is located in the North West Territories and is 37km northwest of the recently closed tungsten mine (Cantung). A gated road that extends northwest from Cantung passes within 5km of the LNPG property.

The company’s flagship property, the Cloud Project is in the province of Manitoba, in the Flin Flon Gold Belt approximately 40 kilometers northeast 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.”

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