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.
NINE MILE METALS ANNOUNCES CERTIFIED ASSAYS OF 1.37% COPPER, 0.21% LEAD, 0.29% ZINC, 0.36 G/T GOLD, AND 19.02 G/T SILVER OVER 11.10 METERS, IN DRILL HOLE WD-24-01, INCLUDING 2.59% COPPER, 39.09 G/T SILVER, AND 0.69 G/T GOLD OVER 5.18 METERS AT THE WEDGE MINE PROJECT
VANCOUVER, B.C., Wednesday, April 3rd, 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-24-01 at the Wedge Mine Project, situated in the renowned Bathurst Mining Camp (BMC) in New Brunswick. WD-24-01 HIGHLIGHTS: Drill hole WD-24-01 was collared on the southern flank of the Wedge Mine deposit within the footwall sediments and drilled at an azimuth of 330 degrees and a dip of -45 degrees to a total depth of 165 meters. The drill hole successfully intersected three (3) Zones of visual sulphide mineralization: 26.76 – 53.16 meters, 69.00 – 82.00 meters, and 139.00 – 142.00 meters. The main copper zone intersected 11.10 meters (32.55 – 43.65 meters) assaying 1.37% Cu, 0.21% Pb, 0.29% Zn, 19.02 g/t Ag, and 0.36 g/t Au (refer to Table 1). This includes: 8.18 meters of pyritic VMS assaying 1.83% Cu, 0.28% Pb, 0.38% Zn, 25.24 g/t Ag, and 0.46 g/t Au. 5.18 meters of pyritic VMS assaying 2.59% Cu, 0.43% Pb, 0.48% Zn, 39.09 g/t Ag, and 0.69 g/t Au. The copper equivalent for the main upper zone (26.76 – 53.16 meters) is 0.92% Cu over 26.40 meters. Gold and silver mineralization coincides with the copper-rich VMS. Table 1: Certified Assays (32.55 – 43.65 meters) Sample # From (m) To (m) Width (m) Cu (%) Pb (%) Zn (%) Pb + Zn (%) Ag (g/t) Au (g/t) 252989 32.55 33.47 0.92 0.13 0.04 0.13 0.17 4 0.198 252990 33.47 34.47 1 1.53 0.185 0.302 0.487 28 1.045 252991 34.47 35.57 1.1 1.77 0.933 2.323 3.256 37 0.993 252992 35.57 36.47 0.9 2.93 0.219 0.377 0.596 26 0.624 252993 36.47 37.47 1 3.9 0.36 0.662 1.022 75 0.554 252994 37.47 38.65 1.18 2.87 0.398 0.744 1.142 30 0.29 252995 38.65 39.65 1 0.66 0.051 0.211 0.262 3 0.072 252996 39.65 40.65 1 0.36 0.008 0.075 0.083 <1 0.028 252997 40.65 41.65 1 0.5 0.007 0.288 0.295 <1 0.079 252998 41.65 42.65 1 0.068 0.001 0.031 0.032 <1 0.009 252999 42.65 43.65 1 0.11 0.004 0.06 0.064 <1 0.077 Total Ave. 11.1 1.37 0.21 0.29 0.51 19.02 0.36 Figure 1: Pyritic VMS Mineralization in Drill Hole WD-24-01 at the Wedge Mine Project, Spanning 30.15 – 41.90 Meters of Depth Patrick J. Cruickshank, MBA, CEO & Director, stated “We are pleased to continue to report positive, new, unmined VMS mineralization at the Wedge Mine Project. We are continuing to test the Target 1 area southeast of the mined deposit. This hole reports higher gold and silver assays, along with the increased copper concentrations. It is highly encouraging for the economic potential of these new zones to encounter nearly 1.0 g/t Au & over 1.0 oz/t Ag across a significant width. We are finding the zones of mineralization are either copper-rich or zinc-rich, but not both concurrently. We continue to receive assays from our completed Phase 1 drill program; as these results correspond to a completed hole, we look forward to sharing the findings. The digitizing of the historical 276 holes previously drilled by Cominco is progressing and we will complete the 3D modeling before Phase 2 of the Wedge drill program begins. We will incorporate our nine (9) completed holes in this program to complete the new modeling. We are devising our Phase 2 advanced geophysics assessment of the area with our technical team and look forward to sharing the results before the spring season commences.” In the southern portion of the Wedge, footwall sediments consisting of sheared argillite with occasional graphite and sulphide clasts are visible at the surface. These sediments appear to serve as a marker horizon, often found in proximity to mineralization in the drill holes. VMS mineralization at the Wedge occurs over extended intervals, with the most significant accumulations typically found at intersections between the felsic volcanics and sediments. In drill hole WD-24-01, sulphide mineralization is discontinuous, as evidenced below the VMS intersection in Figure 1, featuring individual bands of pyrite/pyritic up to 20 cm thick. This style of mineralization defines the lower zones found in the drill hole, with felsic volcanics found at depth. At this early stage, some common features are present, and with the completion of the 3D model, the geological-structural controls on the mineralization should become more evident. “Drill hole WD-24-01 was collared in the southern portion of the Wedge in the sheared footwall sediments. The mineralization consists of fine grained massive pyritic VMS (95% + sulphides) in the upper zone. The upper contact is sharp as seen in Figure 1. Two (2) additional zones of mineralization were also intersected, returning elevated copper, lead, and zinc, all of which further confirm the new potential of the system at the Wedge Mine Project,” commented Gary Lohman, P.Geo., VP Exploration & Director. Figure 2: Plan View, Drill Hole Collars & Surface Projection 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., P.Geo., 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 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. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA.” CEO and Director T:
Breaking Ground: March Drill Program Highlights & The Road Ahead
Dear Nine Mile Metals Community, Spring’s knocking, and with March in the rearview, I’m keen to chat about the strides we’ve made and the trails we’re blazing into April. Wedge VMS Project Update: We wrapped up our Phase 1 Drill Program at the Wedge Mine Project, drilling nine holes for a total of 1729 meters. It’s been a lot of hard work, but thanks to our VPX Gary Lohman and our incredible crew, we’ve made great progress. Now, we begin the more time consuming portion of the drill program, which involves catching up to the drill rig! Our crew is prioritizing the completion of logging, interpreting, cutting, photographing, and selecting samples to ship. Once the samples are with ALS Global in Moncton, we will receive assay results as they’re processed. Currently, we’ve received results back from Drill Hole WD-24-02, and they’re looking promising. You can check them out here: WD-24-02 Assay Results. We’re eagerly awaiting the rest of the results, and will share them as they’re received. I know we all love hearing from Gary, so I’d like to share some of his words of wisdom from our latest release: “Drill Hole WD-24-02 demonstrates that significant copper mineralization over substantial widths remain at the historic Wedge mine site to the east and southeast of the previous workings. Subsequent to the start of the 2024 drill program, the Cominco drill data was acquired and is presently being digitized to facilitate 3D modeling. We look forward to merging the 2024 drill data when assaying is complete with the historical information in order to best plan a stage 2 program at the Wedge.” Here’s Gary giving the lowdown on the Wedge Phase 1 Drill Program: Nine Mile Metals VPX Discusses the Completion of the Wedge Drill Program and Next Steps And here’s Gary and myself chatting about current assay results, including the assay testing process: Nine Mile Metals on Recently Announced Assays of 0.44% Cu over 136.1M in Drill Hole WD-02-24 PDAC 2024: We were grateful to spend several days in Toronto at the start of the month for PDAC. It was a week well spent, connecting with folks from the industry and sharing the Nine Mile story. Big thanks to PDAC for organizing, and to everyone we connected with over the week. Check out a chat I had with CEO.ca about what’s on the horizon for us: Advancing 4 Projects in the World-Famous Bathurst Mining Camp Looking Forward: As we step into April, we’re all eyes on the assay results from the Wedge and getting started with the 3D modeling of the property courtesy of the recently acquired Cominco data. It’s a bit of a waiting game, but it’s all part of the journey. In moments like these, I’m reminded of Robert Frost’s words, “The best way out is always through.” It’s a bit how we approach our work here – head on and with determination. Every step, every bit of data, gets us closer to understanding what we have and how best to move forward. We appreciate your support and are glad to share this journey with you all. Be a part of our journey: Follow us on Twitter for real-time updates and exciting news. Engage with us on LinkedIn for comprehensive insights and professional networking. Subscribe to our YouTube channel for comprehensive video updates. Best, Patrick J. Cruickshank, MBA. CEO & Director, Nine Mile Metals Ltd. Visit Our Website
NINE MILE METALS ANNOUNCES CERTIFIED ASSAYS OF 0.44% COPPER OVER 136.31M IN DRILL HOLE WD-24-02, INCLUDING 1.32% CU – 8.84 G/T AG OVER 40M, AT THE WEDGE MINE, BATHURST, NEW BRUNSWICK
VANCOUVER, B.C. Tuesday, March 26th, 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-24-02 at the Wedge Mine situated in the renowned Bathurst Mining Camp, New Brunswick (BMC). WD-24-02 HIGHLIGHTS: Drill hole WD-24-02 confirms the presence of a new, larger mineralized system at the Wedge VMS Project, intersecting three mineralized zones spanning from 74m to 173.05m. This 136.31m width assays 0.44% Cu, 0.07% Pb, 0.54% Zn, 0.06 g/t Au and 3.52 g/t Ag. Three zones of visual mineralization were identified: (1) 36.74m–49.90m, (2) 88.90m–110.00m, and (3) 134.00m-174.00m, with the sulphide mineralogy primarily consisting of pyrite and lesser chalcopyrite, sphalerite, and galena. The Main Copper Zone occurs between 134.00m and 174.00m, spanning 40.00m and assaying 32% Cu, 0.21% Pb, 1.54% Zn, 8.8g/t Ag, and 0.164 g/t Au (refer to Table 1). Included in the above main copper zone, 157.65m – 173.05m (15.40m) assayed03% Cu, 0.52% Pb, 3.73% Zn, 0.34 g/t Au, and 20.35 g/t Ag (refer to Table 2). The hole was collared on the northeast flank of the historic Wedge Deposit and drilled at an azimuth of 160 degrees and a dip of –50 degrees to a depth of 219.5m. Zinc mineralization coincides with copper, with a distinct higher-grade zone intersected at the base of the main copper zone. Recent acquisition of Cominco Data confirms that the subsurface was not previously mined. The closest Cominco holes in this area of the Wedge are approximately 70m east. Table 1: Certified Assays (134.00m – 174.00m) Sample # From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 283603 134 134.85 0.85 0.025 0.002 0.098 0.1 0.5 0.009 283604 134.85 136 1.15 0.496 0.004 0.397 0.401 1 0.017 283605 136 137 1 0.07 0.005 0.02 0.025 1 0.009 283606 137 138 1 3.73 0.007 0.376 0.383 4 0.028 283607 138 139 1 1.49 0.004 0.245 0.249 2 0.023 283608 139 140 1 2.74 0.006 0.644 0.65 3 0.035 283609 140 141 1 1.93 0.009 0.354 0.363 2 0.046 283610 141 142 1 1.07 0.014 0.226 0.24 2 0.041 283611 142 143 1 0.417 0.004 0.154 0.158 0.5 0.022 283612 143 144 1 0.628 0.004 0.136 0.14 0.5 0.026 283613 144 145 1 1.24 0.005 0.361 0.366 1 0.04 283614 145 146 1 0.806 0.004 0.178 0.182 1 0.041 283615 146 147 1 0.458 0.003 0.061 0.064 1 0.016 283616 147 148 1 0.42 0.009 0.152 0.161 1 0.027 283617 148 149 1 0.18 0.007 0.054 0.061 0.5 0.022 283618 149 150 1 0.554 0.07 0.133 0.203 2 0.073 283619 150 151 1 0.326 0.015 0.111 0.126 1 0.077 281620 STD Blank 281621 151 152 1 0.424 0.037 0.053 0.09 2 0.085 281622 152 153 1 0.466 0.035 0.042 0.077 2 0.121 281623 153 154 1 1.33 0.076 0.057 0.133 3 0.151 281624 154 155 1 1.605 0.161 0.088 0.249 4 0.145 281625 155 156.5 1.5 0.54 0.074 0.036 0.11 3 0.175 281626 156.5 157.65 1.15 0.106 0.006 0.046 0.052 2 0.013 281627 157.65 158.5 0.85 1.5 0.027 0.173 0.2 3 0.041 281628 158.5 159.55 1.05 1.295 0.016 0.265 0.281 4 0.091 281629 159.55 160.5 0.95 4.99 0.025 0.344 0.369 9 0.072 281630 160.5 161.5 1 2.92 0.016 0.229 0.245 5 0.094 281631 161.5 162.5 1 5.52 0.035 0.626 0.661 7 0.078 281632 162.5 163.5 1 3.21 0.08 0.391 0.471 8 0.122 281633 163.5 164.5 1 2.17 0.054 0.256 0.31 5 0.101 281634 164.5 165.5 1 1.1 0.032 0.115 0.147 5 0.343 281635 165.5 166.5 1 2.46 0.145 13.9 14.045 32 0.544 281636 166.5 167.5 1 1.2 2.47 27.7 30.17 52 0.762 281637 167.5 168.5 1 0.834 1.44 5.19 6.63 62 0.779 281638 168.5 169.4 0.9 0.551 1.18 2.12 3.3 35 0.604 281639 169.4 170.25 0.85 0.818 0.121 0.074 0.195 13 0.34 281640 STD Blank 281641 170.25 171.05 0.8 0.037 0.033 0.054 0.087 2 0.019 281642 171.05 172.05 1 1.76 1.07 2.2 3.27 43 0.627 281643 172.05 173.05 1 1.47 1.35 4.13 5.48 35 0.728 281645 173.05 174 0.95 0.017 0.011 0.44 0.451 <1.00 0.012 40 1.32 0.21 1.54 1.75 8.84 0.164 Table 2: Certified Assays (157.65m – 173.05m) Sample # From (m) To (m) Width (m) Cu % Pb (%) Zn (%) (Pb + Zn) % Ag (g/t) Au (g/t) 281627 157.65 158.50 0.85 1.500 0.027 0.173 0.200 3 0.041 281628 158.50 159.55 1.05 1.295 0.016 0.265 0.281 4 0.091 281629 159.55 160.50 0.95 4.990 0.025 0.344 0.369 9 0.072 281630 160.50 161.50 1.00 2.920 0.016 0.229 0.245 5 0.094 281631 161.50 162.50 1.00 5.520 0.035 0.626 0.661 7 0.078 281632 162.50 163.50 1.00 3.210 0.085 0.391 0.476 8 0.122 281633 163.50 164.50 1.00 2.170 0.054 0.256 0.310 5 0.101 281634 164.50 165.50 1.00 1.100 0.032 0.115 0.147 5 0.343 281635 165.50 166.50 1.00 2.460 0.145 13.9 14.045 32 0.544 281636 166.50 167.50 1.00 1.200 2.470 27.7 30.170 52 0.762 281637 167.50 168.50 1.00 0.834 1.440 5.19 6.630 62 0.779 281638 168.50 169.40 0.90 0.551 1.180 2.12 3.300 35 0.604 281639 169.40 170.25 0.85 0.818 0.121 0.074 0.195 13 0.34 281640 STD Blank 281641 170.25 171.05 0.80 0.037 0.033 0.054 0.087 2 0.019 281642 171.05 172.05 1.00 1.760 1.070 2.2 3.270 43 0.627 281643 172.05 173.05 1.00 1.470 1.350 4.13 5.480 35 0.728 15.40 2.03 0.52 3.73 4.25 20.35 0.34 Figure 1: VMS Mineralization – Locally Massive Chalcopyrite Hole WD-24-02 The Wedge Patrick J. Cruickshank, MBA, CEO & Director, expressed, “We are thrilled to release the certified assays for our successful Wedge drill hole WD-24-02 in the Target 1 extension zone of the Historic Wedge Mine, confirming unmined mineralization. The 136.31m mineralization represents a highly positive development, delineating three specific zones and indicating the presence of a larger mineralized system, displaying a larger system exists. Our ongoing mandate to define an expanded footprint and increased tonnage at this Copper Rich Deposit is well underway. The newly acquired Cominco historic drill hole
NINE MILE METALS DRILLS 76.10 METERS OF MINERALIZATION IN DRILL HOLE WD-24-04
VANCOUVER, B.C. Tuesday, March 12th, 2024 – NINE MILE METALS LTD. (CSE: NINE, OTCQB: VMSXF, FSE: KQ9)(the “Company” or “Nine Mile”) is pleased to announce it has drilled a mineralized zone covering 76.10 m in WD-24-04 at its initial Phase 1 drill program on its Wedge VMS Project in the world-famous Bathurst Mining Camp, New Brunswick (“BMC”). WD-24-04 HIGHLIGHTS: The hole was collared on the northeast flank of the Wedge Deposit approximately 40 meters east of WD-24-02 and at an azimuth of 160 degrees and a dip of – 50 degrees to a depth of 167 meters. From recently acquired Cominco Data, the subsurface was not mined. The closest Cominco holes to the east are approximately 40 meters away with Drill hole WE-12 intersecting 5.76 meters assaying 1.06% Cu,1.59% Pb and 6.91% Zn and 1.26 ounces Ag. The main host is pyritic Volcanogenic Massive Sulphide (VMS) with visible chalcopyrite and local sphalerite. Copper mineralization first appears at 71 meters and continued down the hole with numerous secondary zones (117.00 – 122.00 m) of VMS and banded copper bearing pyritic mineralization. Hi grade zinc (22.58% & 13.82%) was intersected in addition to copper. (see Table 1) Nine Mile completed an XRF Analysis at the base of the mineralization between 136.86 – 147.10 meters (10.24 meters) consisting of bands of massive sulphides with visible copper (chalcopyrite) and zinc (Sphalerite) mineralization. (See table #1 below.) The entire sequence from 71.00 – 147.10 meters is in the process of cutting prior to shipping to ALS Global in Moncton for analysis. We will continue to Drill to the east in Target Area #1 to confirm new extension of the Wedge Mine Ore Zone. Patrick J. Cruickshank, MBA, CEO & Director stated, “Hole WD-24-04 continues to display an extension to the historic Wedge mine. As we continue to concentrate in the Target Area #1, we will test new targets within this area to evaluate the size and potential to this zone. One of our mandates was to prove the Target #1 Area extension to the historical mine. We continue to be impressed with the visual mineralization width and the high-grade sections. The Copper (Cu) mineralization continues to impress and in this hole we specifically see high grade Zinc lower in this hole. The deposit is still showing characteristics of a very nice Cu-Zn deposit. We look forward to our entire 76.10m of Core shipped to ALS Global in Moncton for Certified Assay processing. The team is currently analyzing and reviewing Hole 24-02-03. We look forward to releasing our next hole.“ “Drill hole WD-24-04 intersected numerous zones of copper mineralization between 78 and 147 meters. Mineralization, including large intervals of pyritic VMS, occurs at a sediment / volcanic contact, the sediment a well fractured graphitic argillite. Secondary mineralization occurs peripheral to the main zones primarily as blebs, disseminations and stringers of chalcopyrite. Sphalerite (zinc) and galena (lead) also occur but are hard to distinguish in core due to the fine-grained nature of the sulphide mineralogy. Drilling to date has been successful and we look forward to enlarging the mineralized footprint,” commented Gary Lohman, PGO, VP Exploration & Director. The Company has completed its XRF analysis for the main VMS portion of the drill hole utilizing an Olympus Vanta 50 Portable XRF equipped with a 50Kv Workstation and Reflex XRF software. The XRF process included calibrating the machine and utilizing three standards in the sample stream (OREAS 502B, OREAS 622 and CDN-BL-10 Blank) at the beginning and end of the analytical sequence. Most samples consisted of a 1-meter section of cut drill core, and as such, the sample was not homogeneous. There were fifteen Sample Batches over 15.40 meters of mineralization. Each sample batch had approximately 15 -21 data points analyzed per meter. The core sample is placed cut face down, and the XRF gun takes a random unknown sample of the core. The operator has no knowledge of the laser point. The sum of the averages was divided by the number of pieces, the results of which are presented in Table 1 above. 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 world-famous Bathurst Mining Camp, New Brunswick, Canada. The Company’s primary business objective is to explore its three VMS Projects: Nine Mile Brook VMS Project; California Lake VMS Project; and the Canoe Landing Lake (East – West) VMS Project. The Company is focused on Critical Minerals Exploration, positioning for the boom in EV and green technologies requiring Copper, Silver, Lead and Zinc with a hedge with Gold. ON BEHALF OF NINE MILE METALS LTD. “Patrick J. Cruickshank, MBA” CEO and Director T: 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) we will continue to Drill to the east in Target Area #1 to confirm new extension of the Wedge Mine Ore Zone and to evaluate the size and potential to this zone, (b) Hole WD-24-04 continues to display an extension to the historic Wedge mine, (c) we continue to be