EV Nickel CarLang A Zone Continues to Expand - Preliminary Resource Estimate Planned for Spring 2023

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• Reports assay results from 12 additional holes, Intersections included:
  • hole EV22-33 with 203.4m grading 0.26% Ni,
  • hole EV22-43 with 298.7m grading 0.27% Ni, and
  • hole EV22-32 with 202.4m grading 0.27% Ni.
• The host unit has intersected in all drill holes completed so far on the CarLang A Zone
• EVNi drilled 1.4km of the >10km of prospective strike this summer with 28 holes totalling 8,295m
• Assays are pending for the remaining 5 holes and will be used in a CarLang A Zone Preliminary Resource, scheduled for this spring.
• Management will host a live digital event on Monday January 16th at 10am ET, to discuss these results, the Groves Project High-Grade plus the 2023 Work Plan. The event will be accessible at https://my.6ix.com/necoFPgf

TORONTO, ON / ACCESSWIRE / January 12, 2023 / EV NICKEL INC. (TSXV:EVNI) ("EVNi" or the "Company") is excited to announce the additional assay results, from 12 additional holes of the Phase 3 Drilling program completed over the Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, "CarLang Area" (see figure 1). Based upon the assay analyses of the 23 holes reported (for prior results, see news releases dated October 24, November 28 and December 7, 2022) and core logging of the remaining 5 holes, it is confirmed that every hole of the 28 hole diamond drill program intersected the targeted dunite unit and continue to confirm the new "CarLang A Zone" as a potential Large-Scale nickel prospect.

Foto: Accesswire

"CarLang is turning out to be exactly what we expected and I am excited to see the results of the upcoming preliminary resource estimate," said Sean Samson, President & CEO. "The A Zone will get us started but we know it's only 1.4km of the more than 10km of prospective strike length across CarLang. This is one part of our two track strategy of focusing on both this Large-Scale plus the High-Grade potential of our Shaw Dome Project."

Assay results continue to confirm the thick intersections of large-scale, broad zones of nickel mineralization. Gaps observed in the mineralized sequence represent intersections of late, cross cutting diabase or intermediate dykes in an otherwise continuous sequence of dunite. Assays are pending on the remaining 5 holes and are scheduled to be completed by the end of January 2023. Caracle Creek International Consulting ("CCIC") has been contracted to complete the Preliminary Resource Estimate for the CarLang A Zone and results are anticipated in the spring of 2023.