Fathom Welcomes Alan Coutts to the Company's Board of Directors
FATHOM WELCOMES FORMER NORONT RESOURCES PRESIDENT AND CEO, ALAN COUTTS TO
THE COMPANY’S BOARD OF DIRECTORS
Calgary, Alberta – July 8, 2025; Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the
"Company" or " Fathom") is very pleased to announce the addition of Mr. Alan (Al) Coutts to
Fathom’s Board of Directors. Mr. Coutts was the President and CEO of Toronto- based Ring of Fire
developer, Noront Resources Limited (“Noront”) who orchestrated the sale of Noront (including the
Eagle’s Nest Ni-Cu+PGE * property) to Wyloo Metals in 2022 at a valuation in excess of C$650 million.
The Noront-Wyloo transaction was the largest nickel acquisition in the past decade.
Mr. Coutts is a professional geologist with more than 35 years of domestic and international mining
experience across a range of commodities. In addition to his role at Noront, he has held various
senior management positions in the exploration and mining industry, including : Executive General
Manager for Australasia with Xstrata Nickel in Perth, Australia, General Manager at Noranda’s
Brunswick Mine in New Brunswick , Canada, General Superintendent of Falconbridge Limited ’s
Raglan Ni -Cu-Co-Pd-Pt operations in Quebec, Canada, and Regional Exploration Manager at
Falconbridge Limited overseeing base metal and gold exploration projects in Northern Ontario and
Quebec Abitibi. Since retiring from full- time employment following the Noront- Wyloo transaction,
Mr. Coutts has been involved in consulting assignments in the critical minerals sector.
Mr. Coutts holds a B. Sc. (First Class Honours in Geology) from the University of Alberta and holds a
Professional Geoscientist (P.Geo.) designation in the Province of Ontario.
Ian Fraser, Fathom CEO and VP Exploration stated, “We are ecstatic to welcome Al to our Board of
Directors. Al’s breadth of experience, both in the field as well as the boardroom will be a real boon to
the Fathom team. Al’s demonstrated ability to shepherd the Eagle’s Nest project through complex
permitting, financing and exploration challenges will be of great benefit as we move forward at Albert
Lake and Gochager Lake. We see various parallel s between our projects and Noront circa 2019 -
2020. Al’s first-hand knowledge in the transaction process will be invaluable to Fathom”.
“I’m joining the Fathom Nickel Board of Directors because I see a lot of the hallmarks of an emerging
nickel district in the properties th at Ian and his team have assembled in northeastern
Saskatchewan”, said Mr. Coutts . “ Fathom holds an impressive package of ground in a favourable
mining jurisdiction, complete with identified nickel showings, deposits and a past producing property
in the same Proterozoic belt that hosts Raglan and Thompson nickel complexes”.
Qualified Person and Data Verification
Ian Fraser, P.Geo., CEO, VP Exploration and a Director of the Company and the "qualified person" as
such term is defined by National Instrument 43 -101, has verified the data disclosed in this news
release, and has otherwise reviewed and approved the technical information in this news release on
behalf of the Company.
About Fathom Nickel Inc.
Fathom is a n exploration company that is targeting magmatic nickel sulphide discoveries to
support the green energy transition and to secure the supply of North American Critical Minerals .
The Company now has a portfolio of three high -quality exploration projects located in the prolific
Trans Hudson Corridor in Saskatchewan: 1) the Albert Lake Project, a 90,000+ hectare project that
was host to the historic and past producing Rottenstone Mine 1 (produced 28,724 tons @3.3% Ni,
1.8% Cu, 9.63 g/t 3E (Pd -Pt+Au) 1965- 1969), and 2) the 34,000+ hectare Gochager Lake Project
that is host to a historic, NI43 -101 non -compliant open pit resource consisting of 4.3M tons at
0.295% Ni and 0.081% Cu2, and 3) the 10,000+ hectare Friesen Lake Project located 40km
southwest of the historic Rottenstone Mine and 30km northwest of the historic Gochager Lake
deposit.
* - (11.3MT 1.68% Ni, 0.87% Cu, 4.17 g/t 3E) , Mineral Reserve and Resource Noront Resources Limited Technical Report
(March 31, 2021).
1 - The Saskatchewan Mineral Deposit Index (SM DI #0958) reports the production grades noted above from a small open
pit; the Rottenstone Mine. Fathom cannot confirm the production grade values, nor a historic resource estimate that may
have been in place ahead of production. All historic records of pre -mine development and mine production are lost. The
Company can confirm the historic Rottenstone open pit exists. Due to exploitation by mining (1965-1969), it is impossible
to confirm production tonnage or pre-production tonnage. The Company trusts the production and grade values, as noted
in SMDI #0958, to be accurate. The Company has performed test assaying of Rottenstone -type mineralization and results
are consistent with reported production grades.
2 - The Saskatchewan Mineral Deposit Index (SM DI #0880) reports drill indicated reserves at the historic Gochager Lake
Deposit of 4,262,400 tons grading 0.295% Ni and 0.081% Cu mineable by open pit. Fathom cannot confirm the resource
estimate, nor the parameters and methods used to prepare the reserve estimate. The estimate is not considered NI43-101
compliant and further work is required to verify this historical drill indicated reserve . Fathom drilling 2023 -2024 has
confirmed Ni-Cu-Co mineralization occurring at the Gochager Lake deposit.
ON BEHALF OF THE BOARD
Ian Fraser
CEO, VP Exploration , Director
For further information, please contact:
Ian Fraser, CEO, VP Exploration
1-403-650-9760
Or
Doug Porter, President and CFO
1-403-870-4349
Forward Looking Statements:
This news release contains "forward -looking statements" that are based on expectations, estimates, projections and
interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such
as "plan", "expect ", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar
words or statements that certain events or conditions "may" or "will" occur. Forward -looking statements relate to
information that is based on assu mptions of management, forecasts of future results, and estimates of amounts not yet
determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions
or future events or performance are not statement s of historical fact and may be "forward -looking statements." Forward-
looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ
from those reflected in the forward -looking statements, includ ing, without limitation: risks related to failure to obtain
adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political
and regulatory risks associated with mining and exploration; risks relate d to the maintenance of stock exchange listings;
risks related to environmental regulation and liability; the potential for delays in exploration or development activities or
the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of
drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production
and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies,
and the possibility that future exploration, development or mining results will not be consistent with the Company's
expectations; risks related to commodity price fluctuations; and other risks and uncertainties r elated to the Company's
prospects, properties and business detailed elsewhere in the Company's disclosure record. Such forward looking
statements involve known and unknown risks, uncertainties and other factors which may cause the actual results,
performance or achievements of the Company to be materially different from any future results, performance or
achievements expressed or implied by such forward -looking statements. These forward-looking statements are made as
of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or
circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from
the Company's expectations or projections.