NINE MILE METALS ANNOUNCES DRILL HOLE WD-24-08 CERTIFIED ASSAY RESULTS OF 1.34% COPPER EQUIVALENT (CU-EQ) OVER 44.00M INCLUDING 3.73% (CU-EQ) OVER 12.00M AND 4.57% (CU-EQ) OVER 9.00M
VANCOUVER, B.C. Tuesday May 21, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce it has received certified assays for drill hole WD-24-08 at The Wedge VMS drill target situated in the renowned Bathurst Mining Camp, New Brunswick (BMC). WD-24-08 HIGHLIGHTS: Drill hole WD-24-08 was collared along the southern flank of The Wedge deposit within the footwall sediments, utilizing the same drill pad as drill hole WD-24-01, and drilled at an azimuth of 10 degrees and a dip of -45 degrees to a total depth of 175.5m. The drill hole successfully intersected Cu, Pb, Zn, Au, and Ag mineralization between 37.00m and 81.00m (44.00m) assaying 0.47% Cu, 0.89% Pb, 1.54% Zn, 0.18 g/t Au and 15.35 g/t Ag with a Cu-Eq of 1.34%. Two distinct zones of visible sulphide mineralization were intersected, including the: UPPER ZONE (37.00m – 49.00m): 12.00m assaying 0.95% Cu, 3.06% Pb, 4.95% Zn, 0.55g/t Au, and 48.00 g/t Ag with a Cu-Eq of 3.73%. The Upper Zone includes: 9.00m of pyritic VMS (37.00m – 46.00m) assaying 0.93% Cu, 4.08% Pb, 6.45% Zn, 0.71 g/t Au, and 63.35 g/t Ag, with a Cu-Eq of 4.57%. 10.50m of pyritic VMS (38.50m – 49.00m) assaying 1.00% Cu, 3.30% Pb, 5.40 % Zn, 0.52 g/t Au, and 49.00 g/t Ag, with a Cu-Eq of 3.94%. LOWER ZONE (75.00m – 81.00m): 6.00m assaying 1.18% Cu, 0.05% Pb, 0.36% Zn, 0.09 g/t Au, and 8.00 g/t Ag with a Cu-Eq of 1.42%. TABLE 1: Drill Hole WD-24-08 Assays Summary WD-24-08 From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Pb + Zn (%) Au g/t Ag g/t Cu-Eq (%) OVERALL 37.00 81.00 44.00 0.47 0.89 1.54 2.43 0.18 15.35 1.34 UPPER ZONE 37.00 49.00 12.00 0.95 3.06 4.95 8.01 0.55 48.00 3.73 includes 37.00 46.00 9.00 0.93 4.08 6.45 10.53 0.71 63.35 4.57 includes 38.50 49.00 10.50 1.00 3.30 5.40 8.70 0.52 49.00 3.94 LOWER ZONE 75.00 81.00 6.00 1.18 0.05 0.36 0.41 0.09 8.00 1.42 Copper Equivalent (Cu-Eq) for drill intersections is calculated based on May 13, 2024, pricing. US$ 4.75/ lb. Cu, US$ 1.02 / lb. Pb., S$ 1.36 lb. Zn, $ 28.48 /oz Ag, and US$ 2,343/oz Au with 80% metallurgical recoveries assumed for all metals. (Since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage. As such, an 80% recovery rate is justified at this point in time). In the southern portion of the Wedge Deposit, the drill hole cut the footwall argillite, followed by brecciated felsic volcanics with pyrite, chalcopyrite, galena, and sphalerite mineralization. The style of mineralization is quite different in the south, locally highlighted by the presence of banded to massive, blebby chalcopyrite and sphalerite. TABLE 2: UPPER ZONE – Certified Assays of 12.00m Intersection (37.00m – 49.00m) Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) (Pb + Zn) (%) Au (g/t) Ag (g/t) 280067 37.00 37.54 0.54 0.34 0.63 1.49 2.12 0.332 18.00 280068 37.54 38.50 0.96 0.65 1.81 1.82 3.63 1.100 55.00 280069 38.50 39.50 1.00 1.12 3.28 4.09 7.37 1.045 70.00 280070 39.50 40.50 1.00 1.09 5.77 10.55 16.32 0.741 70.00 280071 40.50 41.50 1.00 1.15 3.14 7.98 11.12 0.650 59.00 280072 41.50 42.50 1.00 0.81 0.79 1.91 2.70 0.578 31.00 280073 42.50 43.50 1.00 1.66 3.00 4.20 7.20 0.698 52.00 280074 43.50 44.50 1.00 0.82 11.80 19.30 31.10 0.994 142.00 280075 44.50 45.30 0.80 0.74 7.88 7.96 15.84 0.554 95.00 280077 45.30 46.00 0.70 0.45 0.81 1.58 2.39 0.085 11.00 280078 46.00 47.00 1.00 1.76 0.02 0.55 0.57 0.094 3.00 280079 47.00 48.00 1.00 0.13 nil 0.24 0.24 0.038 1.00 280080 48.00 49.00 1.00 1.14 nil 0.55 0.55 0.087 3.00 “Drill hole WD-24-08 included visibly abundant lead and zinc mineralization with the increased presence of galena (Pb sulphide) reflected in the higher silver assays as seen in the samples in Table 2, with assays up to 142.00 g/t Ag. Fire assay gold was elevated, reaching up to 1.1g/t Au. Intersections seen in drill hole WD-24-08 demonstrate the multi-element potential of the system,” commented Gary Lohman, P.Geo., VP Exploration & Director. Patrick J. Cruickshank, MBA, CEO & Director stated, “We are pleased to continue releasing drill results that support our objective of proving the eastern proposed extension of unmined ore and expanding The Wedge Deposit’s footprint to re-evaluate its economics. Hole WD-24-08 was a solid VMS hole, displaying very strong copper and silver with good lead-zinc mineralization. Through reviewing the five announced drill holes to date on The Wedge program and the upcoming 73 newly received digitized Cominco historic surface hole data (assays and lithology), along with 110 underground holes, combined with our announced BHEM at the Wedge, we are going to be able to evaluate and execute phase 2 on this high-priority project in our western portfolio of targets. We look forward to our next release in our 2024 exploration program. We are finalizing our summer program at other high priority targets, including California Lake Hole #10, Wedge North Target #6, and The West Wedge and Tri Bag trend targets.” FIGURE 1: Chalcopyrite, Lower Zone (2.05% Cu) FIGURE 2: Chalcopyrite Lower Zone (3.78% Cu) Figure 3: Plan View, Drill Hole Collars, and Surface Projection (Drill Holes Reported to Date) The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS
NINE MILE METALS ANNOUNCES DRILL HOLE WD-24-07 CERTIFIED ASSAY RESULTS OF 1.65% COPPER EQUIVALENT (CU-EQ) OVER 40.32M INCLUDING 2.29% (CU-EQ) OVER 13.12M AND 3.25% (CU-EQ) OVER 5.50M
VANCOUVER, B.C. Thursday May 16, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce it has received certified assays for drill hole WD-24-07 at the Wedge VMS Drill Target situated in the renowned Bathurst Mining Camp, New Brunswick (BMC). WD-24-07 HIGHLIGHTS: Drill hole WD-24-07 was collared on the northeastern flank of the Wedge deposit, 20.00m east of WD-24-02, and drilled at an azimuth of 160 degrees with a dip of -50 degrees to a total depth of 159.00m. The drill hole successfully intersected continual base metal mineralization between 116.00m and 156.32m (40.32m) assaying 1.20% Cu, 0.18% Pb, 0.88% Zn, 0.12 g/t Au, and 8.00 g/t Ag, with a Copper Equivalent (Cu-Eq) of 1.65%. Two distinct zones of visible sulphide mineralization were intersected: UPPER ZONE (123.00m – 138.50m): 15.50m assaying 1.64% Cu, 0.08% Pb, 0.82% Zn, 0.08 g/t Au, and 3.32 g/t Ag, with a Cu-Eq of 1.98%. LOWER ZONE (143.20m – 156.32m): 13.12m assaying 1.40% Cu, 0.45% Pb, 1.55% Zn, 0.25 g/t Au, and 19.8 g/t Ag, with a Cu-Eq of 2.29%. The lower zone includes: 10.30m of pyritic VMS (143.20m – 153.50m) assaying 1.70% Cu, 0.42% Pb, 1.59% Zn, 0.22 g/t Au, and 19.70 g/t Ag, with a Cu-Eq of 2.58%. 5.50m of pyritic VMS (149.00m – 154.50m) assaying 1.58% Cu, 1.02% Pb, 3.39 % Zn, 0.46 g/t Au, and 39.60 g/t Ag, with a Cu-Eq of 3.25%. TABLE 1: Drill Hole WD-24-07 Assays Summary WD -24-07 From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Au (g/t) Ag (g/t) Cu-Eq (%) OVERALL 116.00 156.32 40.32 1.20 0.18 0.88 0.12 8.00 1.65 UPPER ZONE 123.00 138.50 15.50 1.64 0.08 0.82 0.08 3.32 1.98 LOWER ZONE 143.20 156.32 13.12 1.40 0.45 1.55 0.25 19.80 2.29 Includes 143.20 153.50 10.30 1.70 0.42 1.59 0.22 19.70 2.58 Includes 149.00 154.50 5.50 1.58 1.02 3.39 0.46 39.60 3.25 Copper Equivalent (Cu-Eq) for drill intersections is calculated based on May 13, 2024, pricing: US$ 4.75/ lb. Cu, US$ 1.02 / lb. Pb., S$ 1.36 lb. Zn, $ 28.48 /oz Ag and US$ 2,343/oz Au with 80% metallurgical recoveries assumed for all metals. Since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage. As such, an 80% recovery rate is justified at this point in time. In the northeastern portion of the Wedge, the geology is a mix of volcanics and sediments, with mineralization sitting at the felsic volcanic/graphitic argillite contact as seen in DDH-24-02 to the west. The best Pb/Zn/Ag mineralization is at the base of the section in contact with the graphitic sediments. TABLE 2: UPPER ZONE – Certified Assays of 15.50m Intersect (123.00m – 138.50m) Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Pb + Zn (%) Au (g/t) Ag (g/t) 280917 123.00 124.00 1.00 3.17 0.02 1.56 1.58 0.058 4.00 280918 124.00 125.00 1.00 1.14 0.14 1.35 1.41 0.055 3.00 280919 125.00 126.00 1.00 3.10 0.18 1.23 1.41 0.079 11.00 280920 126.00 127.00 1.00 1.48 0.31 0.43 0.74 0.033 3.00 280922 127.00 128.00 1.00 1.87 0.28 0.96 1.24 0.063 3.00 280923 128.00 129.00 1.00 1.31 0.47 0.65 1.12 0.059 3.00 280924 129.00 130.00 1.00 1.46 0.23 0.62 0.85 0.054 3.00 280925 130.00 131.00 1.00 1.19 0.20 0.91 1.11 0.095 3.00 280926 131.00 132.00 1.00 1.55 0.12 1.15 1.27 0.111 3.00 280927 132.00 133.00 1.00 1.39 0.15 0.47 0.62 0.092 2.00 280928 133.00 134.00 1.00 1.41 0.04 1.14 1.18 0.086 3.00 280929 134.00 135.00 1.00 0.96 0.02 0.51 0.53 0.074 1.00 280930 135.00 136.00 1.00 0.76 0.03 0.25 0.28 0.09 2.00 280931 136.00 137.00 1.00 2.09 0.13 1.00 1.13 0.142 3.00 280932 137.00 138.50 1.50 1.71 0.12 0.25 0.37 0.102 3.00 In the Upper Zone (Table 2), the copper mineralization is extensive, with concentrations exceeding 1% Cu in all but two intervals. There is minor zinc mineralization; however, lead and associated silver is essentially absent. In the Lower Zone (Table 3), the copper mineralization is more variable, with the lead, zinc, and silver again highlighting the contact with the sediments. “Drill Hole WD-24-07 was exceptional, intersecting widespread, consistent copper mineralization over a substantial width. The mineralization is primarily fine-grained pyritic VMS, typical of the Bathurst Mining Camp, which makes visual estimates of copper challenging (Figure 1). This drill hole demonstrates the continued unmined expansion of high-grade copper east of the historic workings. With coding of the Cominco surface holes complete, 3D modeling can now commence to assist in defining the structural and geological controls on the mineralization,” commented Gary Lohman, P.Geo., VP Exploration & Director. TABLE 3: LOWER ZONE – Certified Assays of 13.12m Intersect (143.20m – 156.32m) Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Pb + Zn (%) Au (g/t) Ag (g/t) 280938 143.20 144.00 0.80 2.6 0.04 0.37 0.41 0.27 12.00 280939 144.00 144.60 0.60 4.92 0.10 0.68 0.78 0.402 26.00 280940 144.60 145.50 0.90 0.89 0.03 0.38 0.41 0.09 6.00 280942 145.50 146.00 0.50 0.26 0.01 0.08 0.09 0.022 2.00 280943 146.00 147.00 1.00 nil nil 0.02 nil 0.006 <1.00 280944 147.00 148.00 1.00 1.76 0.02 0.13 0.15 0.055 4.00 280945 148.00 149.00 1.00 1.71 0.06 0.28 0.34 0.125 5.00 280946 149.00 150.00 1.00 2.6 0.04 0.16 0.20 0.142 11.00 280947 150.00 151.00 1.00 1.86 0.07 1.36 1.43 0.217 11.00 280948 151.00 151.77 0.77 0.79 0.09 0.51 0.60 0.112 17.00 280949 151.77 152.50 0.73 0.99 0.88 2.28 3.16 0.389 42.00 280950 152.50 153.50 1.00 2.18 3.28 11.25 14.53 0.825 96.00 280055 153.50 154.50 1.00 0.73 1.50 3.78 5.28 0.991 56.00 280056 154.50 155.32 0.82 nil 0.01 0.48 0.49 0.009 <1.00 280057 155.32 156.32 1.00 0.12 0.04 0.14 0.18 0.017 1.00 Patrick J. Cruickshank, MBA, CEO & Director, stated, “We were incredibly pleased with this set of assays, which feature two distinct thick proportionate zones of high-grade mineralization. Visual inspection while logging core was not so optimistic about high-grade copper
NINE MILE METALS ENGAGES EARTHEX GEOPHYSICAL SOLUTIONS TO CONDUCT TWO (2) BOREHOLE ELECTROMAGNETIC (BHEM) SURVEYS AT CALIFORNIA LAKE (CL-23-10-01) AND THE WEDGE (WD-24-01) DRILL HOLES
VANCOUVER, B.C. Friday May 10th, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce that it has engaged EarthEx Geophysical Solutions Inc. (EarthEx) to conduct two (2) Borehole Electromagnetic (BHEM) surveys, one at California Lake (CL-23-10-01) and a second at the Wedge (WD-24-01), as shown in Figure 1. Permit applications have been submitted and received from the Department of Natural Resources in Fredericton, New Brunswick. The EarthEx crew is scheduled to mobilize the 1st week of June from their Headquarters in Manitoba. Figure 1: BHEM Collar Locations, California Lake (CL-23-10-01) and the Wedge (WD-24-01). Borehole EM surveying is a High-Resolution Time Domain EM technology that involves the laying of a transmitting loop to the side of the projected drill hole, followed by dropping a survey probe down the hole to detect the electrical conductivity of the adjacent rocks. Many factors are taken into consideration in the survey design including the depth of the hole, its position relative to the target, the geology of the country rock, and the specified target. At the California Lake DDH (CL- 23-10-01), EarthEx has proposed an 800 x 800-meter loop. With the depth of the drill hole, the possible search radius of the survey may be near 500 – 700+ meters, covering all the intended targets and adjacent converging Late Time Strong Conductive Responses (Red – Yellow & Blue Line Axis) anomalies (Figure 2). The California Lake drill hole (CL-23-10-01) was drilled at an azimuth of 203 degrees and a dip of -75 and was terminated above target depth due to inclement weather and access restrictions in December. After reviewing the drill logs, discussing with geologists from the Department of Mines, and a follow up review with EarthEx, a borehole electromagnetic survey was designed by the Technical Team to test both the original target at California Lake DDH (CL-23-10-01), as well as adjacent, strong, and late time electromagnetic conductors previously defined by EarthEx. The BHEM Survey will allow Nine Mile to see the conductivity deeper and in all directions from the probe. This is very cost effective, especially when dealing with a deep drill hole where continued drilling is both time consuming and expensive. As previously released, the drilling was in a mix of Flat Landing Brook felsic volcanics that displayed intense hydrothermal alteration, high temperature mineralogy, and sulphide mineralization, with the extremely siliceous host rocks making drilling at depth challenging. In addition to burning drill bits, drilling was slow, at times cutting only a meter per hour. Figure 2: DDH CL-23-10-01 and identified Late Time EM Strong Conductor (Red), Moderate (Yellow) an Weak (Blue) At the Wedge, the DDH (WD-24-01) was collared approximately 30 meters below the footings of the old headframe and drilled at an azimuth of 330 degrees and a dip of –45 degrees to a depth of 165 meters. EarthEx has proposed utilizing a 300 x 300-meter loop. Although the drill hole does not have benefit of depth, it was collared on the strong conductor identified by EarthEx. This survey should provide information on the adjacent rocks, including mineralization below the Wedge mine where there is no evidence of mining. The survey will also provide information on the structural complexity of the deposit and the location of any offset mineralization/lenses. Figure 3: The Wedge DDH (WD-24-01) over Late Time EM Strong Conductor (Red). “Borehole geophysics on both drill holes will provide the team with further direction prior to additional drilling. It is imperative we revisit CL-23-10-01 with BHEM prior to additional drilling. In addition to being cost effective, the BHEM survey will delineate potential targets below the end of the present drill hole, while also evaluating the adjacent stratigraphy where we have the convergence of three (3) conductors at Target area 10. We are in the right stratigraphy and multiple sources have identified a favorable VMS target environment at depth adjacent to and flanking the drill hole. At the Wedge, historical mining below 500 feet was limited and the results of the BHEM survey combined with our recent assays and the upcoming 3D model will assist in designing the phase 2 drill program. We look forward to commencing work in early June and advancing the California Lake VMS program, utilizing the best technology and data processing available,” commented Gary Lohman, P.Geo., VP Exploration & Director. Patrick J Cruickshank, MBA, CEO & Director stated, “We are pleased to announce our Advanced Phase 2 Geophysical Exploration Program. The western portfolio’s successes have been based on our proprietary Phase 1 reprocessing technologies. These successes warrant the next step in our technological process, BHEM Surveys, and deposit footprint with step out extension 3D Modeling. Our 2024 summer program will commence the 1st week of July and continue through the fall. The recent increased Flow Through Funding was very important for us to execute our complete summer program including our next drill phase once the advanced geophysics are completed and interpreted for priority target definition. Now, with our spring access available, we are eager to enter this important and exciting phase of our program. We look forward to releasing our next assays on our Wedge Phase 1 DDH Program once available.” The company has also submitted an application for the New Brunswick Junior Mining Assistance Grant Program (NBJMAP), specifically to address priority targets to the northwest of the Wedge mine site. Exploration plans include close spaced UAV (Drone) magnetics to assist in defining structural and stratigraphic boundaries followed by ground-based Time Domain Electromagnetic (TDEM) surveying and 3D plate modeling to identify future high priority drill targets for the Phase 2 Wedge Drill Program. The NBJMAP Panel awards the 2024 Grant Recipients by end of May. Last year, Nine Mile Metals was awarded a $50,000 Grant for its California Lake VMS Project, which was utilized for drilling the California Lake DDH (CL-23-10-01). The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in
NINE MILE METALS COMPLETES EXERCISE AND ACQUIRES 100% OF CALIFORNIA LAKE, CANOE LANDING LAKE EAST AND NINE MILE BROOK EAST PROPERTIES
VANCOUVER, B.C. – May 2, 2024, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has completed the exercise and acquisition of 100% of California Lake, Canoe Landing Lake East and Nine Mile Brook East mineral projects, dated April 25, 2022 (the “Option.”). Please see our news release dated April 25, 2024. The Company now owns 100% right, title and interest in and to 12 mineral claims: California Lake (6 claims), Canoe Landing Lake East (4 claims); and Nine Mile Brook area (2 claims), totalling 38.94 km2, subject to a 2% Net Smelter Royalty. The Company issued a total of 333,332 common shares at a deemed price of $0.075 per share, in accordance with the Option. The Optionors and the Company also converted the final $30,000 cash payment owing under the Option for 333,334 common shares at a deemed price $0.09 per share. All securities issued will be subject to a four month and a day hold period. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on critical minerals exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead, and zinc with a hedge on gold. Social Media Twitter @NineMileMetals LinkedIn Nine Mile Metals Facebook @ Nine Mile Metals Instagram Nine Mile Metals YouTube @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS EXERCISES OPTION EARLY TO ACQUIRE 100% OF CALIFORNIA LAKE, CANOE LANDING LAKE EAST AND NINE MILE BROOK EAST PROPERTIES
VANCOUVER, B.C. – April 25, 2024, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has exercised its option early to Purchase 100% of California Lake, Canoe Landing Lake East and Nine Mile Brook East mineral projects, dated April 25, 2022 (the “Option.”). The Option and payments were previously announced on April 26, 2022. The Company will own 100% right, title, and interest in and to 12 mineral claims: California Lake (6 claims), Canoe Landing Lake East (4 claims); and Nine Mile Brook area (2 claims), totalling 38.94 km2 (see figure 1), subject to a 2% Net Smelter Royalty. The Company will issue a total of 333,332 common shares at a deemed price of $0.075 per share, in accordance with the Option. The Optionors and the Company have also agreed to convert the final $30,000 cash payment owing under the Option for 333,334 common shares at a deemed price $0.09 per share. All securities issued will be subject to a four month and a day hold period. California Lake VMS Project: The California Lake VMS Project covers 35.83 square kilometers immediately north of the Canoe Landing Lake Project and includes a large section of the highly prospective Spruce Lake Formation. Included in the land package are 4 known base metal (Cu, Pb, Zn) mineral occurrences: South Branch Forty Mile Brook; California Lake 32 South; California Lake 68 South; and California Lake – Murray Brook. Canoe Landing Lake VMS Project: To the southeast of California Lake, the acquired Canoe Landing Lake East VMS property covers 5.5 square kilometers along the east flank of the Canoe Landing Lake VMS Deposit. Hosted within the Boucher Brook Formation near the contact with the Canoe Landing Lake Formation, the deposit consists of 22.8 million tons grading 0.64% Pb, 1.82% Zn, 0.56% Cu, 0.94 oz/ton Ag and 0.034 oz/t Au. Nine Mile Brook VMS Project: The Upper Pabineau River and Nine Mile Brook properties on the eastern flank of our existing Flagship Nine Mile Brook VMS Project, adds 9.02 square kms of prospective stratigraphy along the Boucher Brook Formation, host of the Nine Mile Brook VMS occurrence and the Canoe Landing Lake Deposit to the west. FIGURE 1: California Lake, Canoe Landing Lake East & Nine Mile Brook East Property Package (Highlighted Red) Patrick J. Cruickshank, MBA, CEO & Director, stated, “We are excited to announce the completion of a strategic milestone: the early exercise for 100% ownership of the California Lake, Canoe Landing Lake East and the Nine Mile Brook East (Upper Pabineau) Projects. This acquisition, coupled with the immense success of our 2022 California Lake East Drill Program—a key component of the Target #8 Trend in our 2024 Western Portfolio Roadmap (Figure 2 below) — firmly positions Nine Mile Metals for significant shareholder value enhancement. The complete ownership of the Source Target (Target #6) secured last fall further solidifies our western portfolio priority target trends. Now, with all claims owned and consolidated under Nine Mile Metals, we are poised to maximize economies of scale and operational efficiencies in land management. We share the optimism of our partners and look forward to a transformative 2024 as we advance our exploration initiatives.” FIGURE 2: Western Portfolio Exploration Roadmap (Priority Targets & Trends) The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., PGO., VP Exploration and Director who acts as the Company’s Qualified Person, and is not independent of the Company. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on critical minerals exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead, and zinc with a hedge on gold. Social Media Twitter @NineMileMetals LinkedIn Nine Mile Metals Facebook @ Nine Mile Metals Instagram Nine Mile Metals YouTube @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) the Company will own 100% right, title and interest in and to 12 mineral claims, (b) the Company will issue a total of 666,666 common shares and will be subject to a 4 month and one day hold period, (c) with all claims owned and consolidated under Nine Mile Metals, we are poised to maximize economies of scale and operational efficiencies in land management, and (d) we look forward to a transformative 2024 as we advance our exploration initiatives. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES DRILL HOLE WD-24-04 CERTIFIED ASSAY RESULTS OF 1.33% COPPER EQUIVALENT (CU-EQ) OVER 37.10M INCLUDING 3.08% CU-EQ OVER 10.24M
VANCOUVER, B.C. Wednesday, April 24th, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce it has received certified assays for drill hole WD-24-04 at the Wedge VMS Drill Target situated in the renowned Bathurst Mining Camp, New Brunswick (BMC). WD-24-04 HIGHLIGHTS: Drill hole WD-24-04 Location: Collared on the northeastern flank of the Wedge deposit, positioned approximately 40 meters east of drill hole WD-24-02. Orientation and Depth: Drilled at a 160-degree azimuth and a dip of -50 degrees, reaching a total depth of 167m The drill hole successfully intersected three (3) Zones of visual sulphide mineralization at depths of: Zone 1: (55.00 – 78.00m) Zone 2: (110.00 – 132.20m) Zone 3: (136.00 – 147.10m). Note: the lower two zones define the main copper mineralization. The main copper zone intersected a 37.10 meter section (110.00 – 147.10 m), assaying 0.81% Cu, 0.25% Pb, 1.00% Zn, 8.5 g/t Ag and 0.13 g/t Au (Copper Equivalent: 1.33% Cu). Sub-zones within this section demonstrated higher yields, including: 10.24 metersof pyritic VMS (Volcanogenic Massive Sulfide) assaying 1.57% Cu, 0.74% Pb, 2.99% Zn, 26.61 g/t Ag, and 0.31 g/t Au (Cu Equivalent: 3.08%). 7.52 meters of pyritic VMS assaying 1.86% Cu, 1.00% Pb, 1.17% Zn, 35.50 g/t Ag, and 0.42 g/t Au (Copper Equivalent: 3.07%). Notable gold and silver mineralization are present alongside the lead and zinc within the VMS deposits. Table 1: Drill Hole Summary, WD-24-04 WD -24-04 From To Width (m) Cu % Pb % Zn % Au g/t Ag g/t Cu Eq % Zone 1 55.00 78.00 23.00 0.17 0.00 0.05 0.02 0.05 0.20 Zone 2 110.00 130.20 20.20 0.69 1.91 0.32 0.08 1.91 1.29 Includes 115.00 127.26 12.26 0.83 0.10 0.37 0.09 2.16 1.05 Zone 3 136.86 147.10 10.24 1.57 0.74 2.99 0.31 26.61 3.08 Includes 139.58 147.10 7.52 1.86 1.00 1.17 0.42 35.50 3.07 Summary Main Zone (2 & 3) 110.00 147.10 37.10 0.81 0.25 1.00 0.13 8.5 1.33 Copper Equivalent (Cu Eq) for drill intersections is calculated based on April 23, 2024, pricing. US$ 4.42/ lb. Cu, US$ 0.99 / lb. Pb., S$ 1.27 lb. Zn, $ 27.98 /oz Ag and US$ 2,334/oz Au with 80% metallurgical recoveries assumed for all metals (Since it’s unclear what metals will be the principal products, assuming different recoveries is premature at this stage. As such, an 80% recovery rate is justified at this point in time). In the northeastern section of the Wedge, the geology comprises a blend of volcanic materials and sedimentary deposits. The mineralization is primarily located at the contact point between the felsic volcanic rocks and the underlying graphitic argillite, similar to what was observed in DDH-24-02 to the west. The most significant lead and zinc mineralization has been consistently found at the base of the geological section, adjacent to the graphitic sediment layer. Table 2: Zone 2 – Certified Assays (110.00 – 130.20 m) – 20.20m Intersection Sample # From (m) To (686m) Width (m) Cu (%) Pb (%) Zn (%) (Pb + Zn) (%) Ag (g/t) Au (g/t) 686009 110.00 111.00 1.00 0.34 0.09 0.18 0.27 2 0.049 686011 112.00 112.00 1.00 0.73 0.04 0.54 0.58 1 0.036 686012 112.00 113.00 1.00 0.55 0.02 0.30 0.32 1 0.036 686013 113.00 114.00 1.00 0.55 0.05 0.24 0.29 1 0.022 686014 114.00 115.00 1.00 0.62 0.01 0.38 0.39 1 0.045 686015 115.00 116.00 1.00 1.29 0.03 1.36 1.39 1 0.084 686016 116.00 116.60 0.60 0.15 0.00 0.30 0.30 <1 0.018 686017 116.60 117.45 0.85 0.90 0.02 0.84 0.86 1 0.05 686018 117.45 118.45 1.00 0.96 0.01 0.57 0.58 1 0.042 686019 118.45 119.45 1.00 1.98 0.03 0.85 0.88 3 0.107 686020 119.45 120.45 1.00 0.27 0.02 0.05 0.07 1 0.034 686021 120.45 121.45 1.00 0.48 0.02 0.13 0.15 2 0.063 686022 121.45 122.45 1.00 0.40 0.18 0.13 0.31 3 0.061 686023 122.45 123.45 1.00 0.43 0.36 0.10 0.46 4 0.279 686024 123.45 124.46 1.01 0.49 0.13 0.09 0.22 3 0.084 686025 124.46 125.33 0.87 1.33 0.11 0.09 0.20 3 0.119 686026 125.33 126.33 1.00 0.44 0.09 0.15 0.24 1 0.1 686027 126.33 127.26 0.93 1.57 0.10 0.13 0.23 4 0.144 686028 127.26 128.26 1.00 0.62 0.05 0.03 0.08 3 0.224 686029 128.26 129.00 0.74 0.09 0.01 0.07 0.08 3 0.046 686031 129.00 130.20 1.20 0.17 0.06 0.19 0.25 2 0.143 Total Ave. 20.2 0.69 0.07 0.32 0.39 1.91 0.08 “Drill Hole WD-24-04 was collared in the northeastern portion of the Wedge 40 meters east of drill hole WD-24-02. Drilled parallel to WD-24-02, the results show the continuity of the mineralization with three (3) Zones of high copper mineralization intersected, the base of the main zone again highlighted by lead, zinc, and silver mineralization. The mineralization consists of fine-grained massive copper bearing pyritic VMS (95% + sulphides) with visible bands of sphalerite and galena as seen in drill hole WD-24-02. The continuity is encouraging, and we look forward to compiling all of the assays and incorporating them into our upcoming 3D model,” commented Gary Lohman, P.Geo., VP Exploration & Director. Patrick J. Cruickshank, MBA, CEO & Director, stated, “The results from our Wedge extension program in Target Area 1, located on the east side of the deposit, have been very encouraging. We are successfully expanding the footprint of the unmined deposit area at the Wedge. The copper assays have been consistently impressive, and the significant widths observed in the drill holes thus far are outstanding. We are determined to fulfill our objectives by increasing the tonnage at the Wedge.” Table 3: Zone 3 – Certified Assays (136.86 – 147.10 m) – 10.24m Intersection Sample # From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 686039 136.86 137.86 1.00 1.86 0.03 0.19 0.22 4 0.029 686040 137.86 138.75 0.89 0.12 0.01 0.11
Nine Mile Continues California Lake and Canoe Landing Lake East Option with Second Anniversary Payments
VANCOUVER, B.C. – April 19, 2024, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces that it has made payments under its option to Purchase 100% of California Lake and Canoe Landing Lake East mineral projects, dated April 25, 2022 (the “Option.”) The Option and payments were previously announced on April 26, 2022. On April 18, 2024, the Company issued 733,334 common shares at a deemed price of $0.075 per share, in accordance with the Option. As previously announced (refer news April 5, 2024), the Optionors and the Company agreed to convert the $30,000 cash payment owing under the Option to 400,000 common shares at a deemed price $0.075 per share. All securities issued will be subject to a four month and a day hold period. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on critical minerals exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead, and zinc with a hedge on gold. Social Media Twitter @NineMileMetals LinkedIn Nine Mile Metals Facebook @ Nine Mile Metals Instagram Nine Mile Metals YouTube @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS CLOSES PRIVATE PLACEMENT FINANCING
Vancouver, B.C. Wednesday April 17, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) is pleased to announce that it completed a non-brokered private placement (the “Private Placement”) for proceeds of $493,875 from the issuance of 4,675,910 units of its securities. 4,090,910 of the units are flow-through (each, an “FT Unit”) at a price of $0.11 per FT Unit, and 585,000 of the Units are non-flow-through units (each, a “NFT Unit”) at a price of $0.075 per NFT Unit. Each FT Unit consists of one flow-through common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, an “FT Warrant”), with each FT Warrant entitling the holder thereof to purchase one common share at a price of $0.13 for a period of 24 months. Each NFT Unit consists of one common share of the Company and one-half of one common share purchase warrant (each whole common share purchase warrant, an “NFT Warrant”), with each NFT Warrant entitling the holder thereof to purchase one common share at a price of $0.11 for a period of 24 months. In consideration for their services in introducing subscribers to the Company under the Private Placement, finders and brokers received 327,272 common share purchase warrants, exercisable to purchase one common share at a price of $0.13 for a period of 24 months, and cash of $36,000. The Company intends to use the net proceeds of the FT private placement to carry out the current and intended work programs on its Wedge and California Lake properties respectively. This work will be eligible as Canadian Exploration Expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada). The net proceeds of the NFT private placement will be used for general working capital. No Related Parties participated in and no new control persons were created by the Private Placement. All securities issued in the Private Placement are subject to a four month and a day hold period. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on critical minerals exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead, and zinc with a hedge on gold. Social Media Twitter @NineMileMetals LinkedIn Nine Mile Metals Facebook @ Nine Mile Metals Instagram Nine Mile Metals YouTube @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: (604) 428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that the Company will use the proceeds as described above. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES PRIVATE PLACEMENT FINANCING
Vancouver, B.C. Monday April 8, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”) announces the terms of a new flow-through (“FT”) and non-flow-through (“NFT”) private placement. The FT private placement will consist of the sale of up to 4,545,454 FT Units at $0.11 each, for gross proceeds of up to $500,000. Each FT Unit will be comprised of one common share, issued on a flow-through basis (“FT Share”) and one-half Common Share purchase warrant, issued on a non-flowthrough basis (“FT Warrant”). Each full FT Warrant will entitle the holder thereof to acquire one common share in the capital of the Company (each, a “Common Share”) at a price of $0.13 per Common Share for a period of 24 months from date of issuance. The FT Shares are intended to qualify as “flow-through shares” within the meaning of subsection 66(15) of the Income Tax Act (Canada). In consideration for their services in introducing subscribers to the Company under the FT Private Placement, finders may receive commission of 8% cash and 8% common share purchase warrants, exercisable to purchase one common share at a price of $0.13 for a period of 24 months. The NFT private placement will consist of the sale of up to 1,333,333 NFT Units at $0.075 each, for gross proceeds of up to $100,000. Each NFT Unit will be comprised of one common share, and one-half Common Share purchase warrant, issued on a non-flowthrough basis (“NFT Warrant”). Each full NFT Warrant will entitle the holder thereof to acquire one common share in the capital of the company (each, a “Common Share”) at a price of $0.11 per Common Share for a period of 24 months from date of issuance. In consideration for their services in introducing subscribers to the Company under the NFT Private Placement, finders may receive commission of 8% cash and 8% common share purchase warrants, exercisable to purchase one common share at a price of $0.11 for a period of 24 months. No Related Parties intend to participate in and no new control persons will be created by the FT or NFT private placement. The Company intends to use the net proceeds of the FT private placement to carry out the current and intended work programs on its Wedge and California Lake properties respectively. This work will be eligible as Canadian Exploration Expenses” that qualify as “flow-through mining expenditures” as both terms are defined in the Income Tax Act (Canada). The net proceeds of the NFT private placement will be used for general working capital. All securities issued in the FT and NFT private placement will be subject to a four-month and a day hold period. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge VMS Project. The Company is focused on critical minerals exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead, and zinc with a hedge on gold. Social Media @NineMileMetals Nine Mile Metals @ Nine Mile Metals Nine Mile Metals @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Charles MaLette” President and Director T: (604) 428-5171 E: info@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that that (a) the Company will close the FT private placement for proceeds of up to $500,000 and the NFT private placement for proceeds of up to $100,000; (b) No Related Parties intend to participate in and no new control persons will be created by the FT private placement, and (c) the Company will use the proceeds as described above. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.
NINE MILE METALS ANNOUNCES KINDRED COMMUNICATION INVESTOR RELATIONS CONSULTING AGREEMENT, GRANTS STOCK OPTIONS, AND MAKES ANNIVERSARY OPTION PAYMENT ON CALIFORNIA LAKE PROJECT
VANCOUVER, B.C. – Friday April 5, 2024, NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9) (the “Company” or “Nine Mile”), is pleased to announce that it has entered into a consulting services agreement dated April 5, 2024 (the “Consulting Agreement”) with Kindred Communications Inc. (“Kindred”) to support Nine Mile’s investor relations activities. The Consulting Agreement will have an initial three month term, starting on the day of this announcement, following which the parties will operate on a month-to-month basis with a 60-day cancellation notice required to terminate. Kindred will provide the Company with social media management on the Company’s accounts on Facebook, X, YouTube, LinkedIn and Instagram and may create new social media accounts for the Company, content creation, news release consultation and dissemination, including regulatory filings and updating the Company’s website to share the Company’s story with the investor audience. During the three-month term of the Consulting Agreement, the Company will pay Kindred $4,000 per month, in arrears. Additionally, Kindred was granted 200,000 stock options. The options will vest immediately and may be exercised at an exercise price of $0.10 per share until the earlier of 24 months, the cessation of services by Kindred to the Company, or otherwise in accordance with the Company’s incentive stock option plan. Other than the stock options described above, Kindred Communications does not have any interest, directly or indirectly, in Nine Mile or its securities, or any right or intent to acquire such an interest. STOCK OPTIONS GRANTED The Company also announces that it has granted 1,300,000 stock options to directors and officers, and 200,000 stock options to another consultant of the Company. The options will vest immediately and may be exercised at an exercise price of CAD $0.10 per common share, for a period of 5 years from the date of issuance or earlier in accordance with the Company’s incentive stock option plan. Following the grant of stock options, the Company now has a total of 7,250,000 stock options representing 9.9% of the outstanding common shares of the Company. CALIFORNIA LAKE ANNIVERSARY OPTION PAYMENT The Company also announces that it has made payments under its option to Purchase 100% of California Lake and Canoe Landing Lake East mineral projects, dated April 25, 2022 (the “Property Option.”) The Property Option and payments were previously announced on April 26, 2022. The Company has issued 333,334 common shares at a deemed price of $0.075 per share, in accordance with the Property Option. The Optionors and the Company have agreed to convert the $30,000 cash payment owing under the Property Option to 400,000 common shares at a deemed price $0.075 per share. All securities issued will be subject to a four month and a day hold period. Kindred is entirely arm’s length to the Company. Kindred may be contacted at 1221 Homer Street, Vancouver, BC, V6B 1C5, +1.587.433.0968, courtney@kindredir.com. About Nine Mile Metals Ltd.: Nine Mile Metals Ltd. is a Canadian public mineral exploration Company focused on VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst Mining Camp (BMC), located in New Brunswick, Canada. The Company’s primary business objective is to explore its four VMS Projects: Nine Mile Brook VMS Project, California Lake VMS Project, the Canoe Landing Lake (East – West) VMS Project, and the Wedge Mine Project. The Company is focused on critical minerals exploration, positioning itself for the boom in EV and green technologies requiring copper, silver, lead, and zinc with a hedge on gold. Social Media @NineMileMetals Nine Mile Metals @ Nine Mile Metals Nine Mile Metals @ninemilemetals ON BEHALF OF NINE MILE METALS LTD. “Patrick J Cruickshank, MBA” CEO and Director T: +1.506-804-6117 E: patrick@ninemilemetals.com Forward-Looking Information: This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the business of Nine Mile. Forward-looking information is based on certain key expectations and assumptions made by the management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,” “would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “could” and variations of these terms and similar expressions, or the negative of these terms or similar expressions. Forward-looking statements in this press release include that (a) Kindred will provide the services as described above and will be granted the 200,000 stock options. Although Nine Mile believes that the expectations and assumptions on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will prove to be correct. The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy of the contents of this release.