Québec Nickel Corp. Provides an Update of Exploration Activities at Its Ducros Project, Abitibi, Québec

Québec Nickel Corp. (CSE: QNI; FSE: 7lB; OTCQB: QNICF) (“QNI” or the "Company") is pleased to provide a summary of its ongoing 2022 exploration activities as well as its upcoming work programs at the Ducros Ni-Cu-Co-PGE-Au Project, 80 kilometres northeast of Val-d’Or, Québec.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220613005208/en/

Table 1. Summary of assay results from Phase II drilling at the Fortin Sill Zone. (1,2,3) (1.) Reported assay intervals are sample length weighted. (2.) The true width of the mineralized intersections are not known due to insufficient information. (3.) 3E = Pt+Pd+Au (Graphic: Business Wire)

Highlights:

• 1,750 metres drilled in eight holes at the new Fortin Sill Ni-Cu-Co-PGE-Au Zone, with over 4,600 metres completed in 16 holes for the Ducros project YTD.
• Drilling results in conjunction with ongoing data compilation suggests the disseminated, blebby and pseudo-net texture Ni-Cu-Co-PGE-Au sulphide mineralization at the Fortin Sill Zone is characterized by multiple geophysical signatures that extend for at least 250 metres in strike extent.
• A new drilling permit has been received from the Québec Government that will allow for the further evaluation and potential expansion of the Fortin Sill Ni-Cu-Co-PGE-Au zone.
• Additional field work programs have begun with an expanded Ducros Project team.

2022 YTD Diamond Drilling Program
Québec Nickel’s inaugural multi-phase diamond drilling program at the Ducros project began in mid-February, and to date has completed 16 drill holes for a total of 4,612 metres with one diamond drill. The Phase I drilling program was designed to test multiple Ni-Cu-PGE targets generated from a surface electromagnetic survey (ARMIT-TDEM) completed in 2020 by Abitibi Geophysics in addition to completing several holes designed to gain a better understanding of the local geology and to explore at depth within this portion of the greater Ducros property. These Phase I holes were successful in intersecting their intended targets, which comprised predominantly of variably conductive and magnetic intervals of sulphide +/- oxide facies iron formation hosted within mixed sequences of mafic metavolcanics, metasediments and the occasional felsic intrusive unit. Of note, several of the Phase I holes encountered long core intervals of ultramafic rocks, interpreted to be strongly altered pyroxenite and dunite intrusive units (sills). Summary assay results for the Phase I drilling are presented in Table 2.