Power Nickel Retains Karbon-X to Offset their 2023 Drill Program of up to 40,000 metres, with Voluntary Carbon Offsets

TORONTO, ON / ACCESSWIRE / January 26, 2023 / Power Nickel Inc. (the "Company" or "Power Nickel") (TSXV:PNPN)(OTCQB:CMETF)(Frankfurt:IVVI) announced today that the company has retained Karbon-X Corp (OTCQB:KARX) to retire 159 high quality Verra VCU carbon offsets, in the name of Power Nickel Inc. These 159 carbon offsets will counteract 159 tonnes of greenhouse gas (GHG) emitted by the burning of 60,000 litres of diesel in their exploratory drilling operations and represents Power Nickel's commitment to offsetting their drilling program in the years to come.

"These offsets will neutralize the Diesel fuel we will use to drill approximately 40,000 metres of drilling. It symbolizes our goal of creating the world's first carbon neutral Nickel mine at our Nisk Project in Nemaska Quebec. Karbon X and it's DrillGreen.ca initiative makes a lot of sense to us. Miners are amongst the most environmentally friendly people I know and we need to start showing the world we can and will find responsible ways to find the materials needed to power the greening of our economy. This is a modest first step for us and I would hope other miners will follow our lead" said Power Nickel CEO, Terry Lynch.

"The offsetting of industrial applications is a key part of the business of Karbon-X. It will take both industrial and personal offsetting to foster environmental change. It is very encouraging to see companies like Power Nickel leading the charge in their industry. I see a very bright future for carbon offsetting of exploratory drilling in Canada and abroad." said Karbon-X CEO, Chad Clovis.

One carbon offset represents the reduction, removal, or avoidance of one metric tonne of greenhouse gas (GHG) emissions from a certified project. Each offset is certified by a third-party verification board to ensure the projects efficacy and is identified by a unique serial number. When organizations and individuals purchase carbon offsets to reduce their carbon footprint, the offset is taken out of circulation. This process is referred to as retiring and ensures that each offset can only be claimed once.

About Karbon-X Corp.
Karbón-X Corp is a tech-based carbon marketing company specializing in the sale of carbon offsets to offset greenhouse gas emissions from industrial applications and also for everyday citizens that are dedicated to reducing their impact on the planet. Industrial users purchase their offset through direct sales, whereas everyday people can offset their life through a mobile APP which will be launching in February 2023. The company invests in green projects with the potential to generate carbon offsets, which will eventually be marketed through the mobile APP. Karbon-X provides an opportunity for their online social media community to support projects that are important to them and that positively impact the planet.