CRI.V · 2023-07-04 12:00:00

Churchill Files Amended Technical Report on Florence Lake

Technical Reports (NI 43-101)

TORONTO, July 4, 202 3 (GLOBE NEWSWIRE) – Churchill Resources Inc. (“Churchill” or the

“Company”) (TSXV: CRI) announces today that, as a result of a review by staff of the Ontario Securities

Commission, the Company is issuing the following news release regarding the Company’s technical

disclosure set out in the National Instrument 43 -101 – Standards of Disclosure for Mineral Projects

technical report entitled “NI 43-101 Technical Report on the Florence Lake Nickel Property, Located on

Labrador Inuit Lands in the Area Southwest of Postville, North -Central Labrador, Province of

Newfoundland and Labrador” dated May 10, 2023 with an effective date of May 5, 2023 (the “Technical

Report”) prepared for Churchill by Dr. Derek H.C. Wilton, P.Geo., FGC Jeremy S. Brett M.Sc., P.Geo.

and Paul Sobie, P.Geo.

As a result of the appendices of the Technical Report incorporating excessive technical data and

information concerning the Florence Lake property, the Company has amended the Technical Report

to remove all such appendices. The Technical Report will be re-filed and be available under the issuer’s

profile on SEDAR at www.sedar.com.

About Churchill Resources Inc.

Churchill Resources Inc. is a Canadian exploration company focused on high grade, magmatic nickel

sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in

Newfoundland & Labrador. The Churchill management team, board and its advisors have decades of

combined management experience in mineral exploration and in the establishment of successful

publicly listed mining companies, both in Canada and around the world. Churchill’s Taylor Brook and

Florence Lake projects have the potential to benefit from the province’s large and diversified minerals

industry, which includes world class nickel mines and processin g facilities, and a well -developed

mineral exploration sector with locally based drilling and geological expertise. The province was recently

ranked 4th in the world for investment attractiveness by the Fraser Institute in its 2022 annual survey

of mining and exploration companies.

Further Information

For further information regarding Churchill, please contact:

Churchill Resources Inc.

Paul Sobie, Chief Executive Officer

Tel. +1 416.365.0930 (o)

+1 647.988.0930 (m)

Alec Rowlands, Corporate Consultant

Tel. +1 416.721.4732 (m)

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts

responsibility for the adequacy or accuracy of this news release.