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Walker Lane Exploration Announces Management Changes

Carson City, NV, Nov. 6, 2014 (GLOBE NEWSWIRE) -- Walker Lane Exploration, Inc. (OTC: GSPND), formerly Goldspan Resources, Inc., a Nevada Corporation, announced management changes. Mr. Phillip Allen resigned November 3, 2014 as President, CEO and Chairman of the Board of Directors, though he retained his board seat. At a Board Meeting held November 4, 2014 the Board of Directors unanimously approved the following resolutions: Mr. John L. Key was appointed President and CEO. Mr. Trevor Moss was appointed Chairman of the Board. Mr. Allen was appointed as Vice President of Shareholder Relations. The appointments were effective November 4, 2014. An 8-K was filed November 5, 2014 disclosing the information outlined in this press release.

The management changes were unanimously approved by the board of directors. There was no disagreement between Mr. Allen on any matters related to the Company's operations or financial accounting or disclosure matters.

"I resigned as President, CEO and Chairman of the Board in order to further our Company's growth and operating objectives as an exploration company and look forward to continuing to serve our shareholders as both a director and Vice President of Shareholder Relations," said Mr. Allen. "I look forward to working with Mr. Key as our new President and CEO as well and welcome him to our Company."

John L. Key bio:

From February 2013 to January 2014 Mr. Key served as President and CEO of Tamerlane Ventures Inc., Tamerlane Ventures is involved with exploration and development of base metals in Canada and Peru.

From August 2008 to February 2012 Mr. Key served as President and CEO with Gryphon Gold Corporation, a junior mining company involved in exploration and production of gold and silver.

In addition to the foregoing, Mr. Key's mining experience includes work with Cominco American, Cominco Ltd and Teck Cominco Alaska. He was General Manager with the of the Red Dog zinc/lead mine in Alaska.

"I am pleased to be a part of Walker Lane Exploration's management team and look forward to working with our team as we develop our plans," said Mr. Key.

About Walker Lane Exploration, Inc.

The Corporation is an early-stage gold and silver exploration company primarily exploring for precious metals with the Walker Lane region of Nevada where the Corporation presently owns two properties; Pyramid, which is located in Washoe County, Nevada, consisting of 10 lode claims leased from the Bureau of Land Management (BLM). And, West Trinity, which is located in Churchill County, Nevada consisting of 24 lode claims leased from the BLM. The Corporation's focus is to identify mineral areas within the Walker Lane region that are open to staking and claiming, or to lease properties management deems viable for exploration. Once a property has been secured, management conducts an assessment of the prospect for exploration, which can include sampling, trenching and drilling in order to develop the prospect for leasing, sale or joint venture with other mining companies. Further information can be found on Walker Lane's website at: www.walkerlaneexploration.com

"Safe-Harbor" Statement: Under the Private Securities Litigation Reform Act of 1995. This press release contains forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), including all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors or its officers. The words "may," "would," "will," "expect," "estimate," "anticipate," "believe," "intend," and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors.

CONTACT: Company inquiries: Walker Lane Exploration, Inc. info@walkerlaneexploration.com 775-461-3445 Shareholder Relations: Phil Allen phil@walkerlaneexploration.com 303-875-1044 Investor Relations: ir@walkerlaneexploration.com 775-434-4451

Source:Walker Lane Exploration, Inc.