EV Nickel W4 Met Sample Drill Results Include- 71.9m Grading 0.97% Ni with 4.0m Grading 4.00% Ni and 13.0m Grading 1.87% Ni - Seite 2

The results of the Shaw Dome -W4 2023 Metallurgical Holes are included in Table 1:

Foto: Accesswire

Detailed location and depth details Program - Shaw Dome W4 2023 Metallurgical Holes are in Table 2:

Foto: Accesswire

2023 Concentrate Generation - Bioleach Testing

The Concentrate Generation program is being completed by SGS to produce a nickel concentrate from an approximately 1,000 kilogram composite sample comprised of material from holes EVMET23-01 and EVMET23-02. The nickel concentrate will then supply the material needed for the Company's continued Clean Nickel ™ Bioleaching Test Program. Production of the concentrate is scheduled for completion in July 2023.

Updated W4 Resource Estimate on Schedule for Q2 2023

The Company has engaged Caracle Creek International Consulting Inc. to complete an updated Resource Estimate on the W4 Zone and this is on schedule for completion in Q2 2023. The updated resource estimate will encompass the entirety of the mineralized zone from surface, including the diamond drill holes from the 2023 diamond drilling program on the W4 Extension, down to approximately 400 metres vertical depth and representing a near doubling of the vertical depth of mineralization in comparison to the 2010 Historic Resource Estimate.

Assay QA/QC

Whole drill core samples from hole EVMET23-01 and EVMET23-02 were bagged at the core logging facility located near the property and transported to SGS for preparation and analysis. Certified standards and blanks are included for quality assurance and quality control at the laboratory. All Samples are crushed to minus 6 mesh and then subsampled and pulverized in preparation for analysis for head assay in duplicate with all remaining material to be drummed and stored in freezer storage until required for the concentrate generation. Nickel, copper and cobalt are analyzed by sodium peroxide fusion with an ICP finish, platinum, palladium and gold by fire assay and ICP-OES finish and sulphur is analyzed by infrared detection on LECO instrumentation. These and future assay results may vary from time to time due to re‒analysis for quality assurance and quality control.