“With one of our best holes to date, it is becoming more evident that the Lion discovery is substantially bigger than we originally envisioned. Taking education from the holes drilled and announced earlier this week, we went further west and much shallower and struck the zone at 118 m. This is very encouraging for lots of reasons: size of zone, grade, depth of intersection, and the move westward,” commented Terry Lynch, CEO.

Highlights:

PN-24-069 returned:
17.00 m of 0.28 g/t Au, 9.52 g/t Ag, 0.93 % Cu, 7.19 g/t Pd, 1.66 g/t Pt and nil.05% Ni 
     Together with:
     6.00 m of 0.42 g/t Au, 19.33 g/t Ag, 0.96 % Cu, 11.68 g/t Pd, 3.69 g/t Pt and nil.04% Ni
     And together with:
     5.00 m of 0.35 g/t Au, 7.80 g/t Ag, 1.78 % Cu, 9.69 g/t Pd, 0.74 g/t Pt and nil.09% Ni

PN-24-070 returned:
32.00 m of 0.45 g/t Au, 20.93 g/t Ag, 3.62 % Cu, 8.10 g/t Pd, 2.47 g/t Pt and nil.18% Ni
     Together with:
     10.00 m of 0.50 g/t Au, 12.94 g/t Ag, 1.76 % Cu, 10.82 g/t Pd, 5.98 g/t Pt and nil.08% Ni
     And together with:
     11.4 m of 0.60 g/t Au, 44.51 g/t Ag, 8.39 % Cu, 11.52 g/t Pd, 1.24 g/t Pt and nil.42% Ni

Desk 1 underneath items the numerous result of in the past excepted holes, and the wave assays. Your complete poised of effects bought demonstrates an amazing luck price, which contributes to a steadily expanding degree of self assurance concerning the perpetuity of the zone.

Assays from the residue holes at the moment are in on the laboratory and the Corporate expects to document on the ones in October.

“This second batch of results confirms that deformation is more intense at depth below the Lion Zone. The interesting thing is that deformation intensity does not seem to have any impact on the grades obtained for the different metals. As illustrated on Figure 1, grades obtained over a shy 1.70m in hole PN-24-068 are similar, if not better, than those previously reported in hole 67, but over 12.15m. Thus, we have the grades, even within the relatively thin intersections, and it is fair to presume that the mineralization is being transposed into a fault zone to a nearby offset location, likely deeper to the east. In parallel, drilling on the west side of the zone indicates that we are still in the thicker portion of the zone; this core seems to be moderately plunging to the west. Our takeaway is that the Lion Zone is likely much bigger than originally envisioned. As discussed, in addition to expanding the Lion Zone with our targeted drilling, we are in the process of compiling the information from several data sources. We have gathered downhole EM, Gravity and Geo Chemical data which, combined with the Ambient Noise Tomography passive seismic data, should provide for a very robust drill targeting strategy session which will determine our 30,000 metre fully funded fall and winter drill program that starts Oct 15th,” commented Ken Williamson, VP of Exploration.

Determine 2 and Determine 3 underneath are cross-sections in the course of the Lion Zone, alongside the holes reported on this wave drop, presenting the fresh assay ends up in their geological context. Core footage serve a optical assistance, permitting awe of the nice correlation between sulphides presence and reported polymetallic grades.

QAQC and Sampling

GeoVector Control Inc (“GeoVector”) is the Consulting corporate retained to accomplish the original drilling program, which contains core logging and sampling of the drill core.

All samples have been submitted to and analyzed at Activation Laboratories Ltd (“Actlabs”), an isolated business laboratory for each the pattern preparation and assaying. Actlabs is a business laboratory isolated of Energy Nickel with no real interest in the Undertaking. Actlabs is an ISO 9001 and 17025 qualified and approved laboratories. Samples submitted thru Actlabs are run thru same old preparation forms and analysed the use of RX-1 (Dehydrated, overwhelm (< 7 kg) as much as 80% passing 2 mm, riffle crack (250 g) and demolish (delicate metal) to 95% passing 105 μm) preparation forms, and the use of 1F2 (ICP-OES) and 1C-OES – 4-Acid akin overall digestion + Gold-Platinum-Palladium research and 8-Peroxide ICP-OES, for habitual and over detection restrict research. Pegmatite samples are analyzed the use of UT7 – Li as much as 5%, Rb as much as 2% mode. Actlabs additionally adopt their very own interior coarse and pulp reproduction research to safeguard right kind pattern preparation and gear calibration.

GeoVector’s QAQC program comprises habitual insertion of CRM requirements, duplicates, and blanks into the pattern flow with a stringent evaluate of all effects.

The consequences introduced within the wave Press Absolved are whole inside the mineralized periods, however effects are nonetheless pending for the lead portion of each holes reported. QAQC and knowledge validation was once carried out on those parts of the holes the place assays are absolutely built-in, and disagree subject matter error have been noticed.

Certified Individual

Kenneth Williamson, Géo, M.Sc., VP Exploration at Energy Nickel, is the certified one who has reviewed and licensed the technical disclosure contained on this information drop.

About Energy Nickel Inc.

Energy Nickel is a Canadian teenager exploration corporate specializing in growing the high-grade Nisk mission into Canada’s first Carbon Impartial Nickel mine.

The NISK feature accommodates an important land place (20 kilometers of collision area) with various high-grade intercepts. Energy Nickel is inquisitive about increasing the historic high-grade nickel-copper PGE mineralization with a order of drill systems designed to check the preliminary Nisk discovery zone and to discover the land bundle for adjoining doable Nickel deposits.

Along with the Nisk mission, Energy Nickel owns vital land applications in British Colombia and Chile. The Corporate is within the means of reorganizing those property in a similar car, thru a Plan of Association that might be introduced to Energy Nickel shareholders of file for his or her benevolence.

To procure Energy Nickel’s Company Presentation, please significance the hyperlink underneath:
http://powernickel.com/corporate_presentation.pdf

For additional data, readers are inspired to touch:
Energy Nickel Inc.
The Canadian Project Development
82 Richmond St East, Suite 202
Toronto, ON

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Cautionary Be aware Referring to Ahead-Taking a look Statements

This message comprises sure statements that can be deemed “forward-looking statements” in regards to the Corporate inside the which means of acceptable securities regulations. Ahead-looking statements are statements that aren’t historic details and are in most cases, however no longer all the time, known through the phrases “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential,” “indicates,” “opportunity,” “possible” and homogeneous expressions, or that occasions or situations “will,” “would,” “may,” “could” or “should” happen. Despite the fact that the Corporate believes the expectancies expressed in such forward-looking statements are in accordance with affordable suppositions, such statements aren’t promises of moment efficiency, are matter to dangers and uncertainties, and original effects or realities would possibly range materially from the ones within the forward-looking statements. Such subject matter dangers and uncertainties come with, however aren’t restricted to, amongst others, the timing for the Corporate to near the personal placement or the second one Nisk choice or chance that such transactions don’t near in any respect; carry adequate capital to investmrent its responsibilities underneath its feature promises in the future; to conserve its mineral tenures and concessions in excellent status; to discover and build its tasks; adjustments in financial situations or monetary markets; the inherent hazards mates with mineral exploration and mining operations; moment costs of nickel and alternative metals; adjustments normally financial situations; accuracy of mineral useful resource and keep estimates; the potential of fresh discoveries; the power of the Corporate to procure the important lets in and is of the same opinion required to discover, drill and build the tasks and if authorised, to procure such licenses and approvals in a well timed model relative to the Corporate’s plans and industry targets for the acceptable mission; the overall skill of the Corporate to monetize its mineral sources; and adjustments in environmental and alternative regulations or rules that will have an affect at the Corporate’s operations, compliance with environmental regulations and rules, dependence on key control body of workers and common pageant within the mining business.

SOURCE Energy Nickel Inc.

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