EVNI.V · 2026-02-26 12:00:00

Ev Nickel Announces Maiden Mineral Resource Estimate FOR Gemini North Nickel Zone

Resource Estimates

February 26, 2026 TSX-V: EVNI

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

EV NICKEL ANNOUNCES MAIDEN MINERAL RESOURCE ESTIMATE FOR

GEMINI NORTH NICKEL ZONE

• Distinct deposit to CarLang A with significant “Mt. Keith Style” primary sulphide mineralization with higher

confirmed nickel recoveries

• Gemini North Zone Resources total 93.5M tonnes, averaging 0.23% Ni (US$7.35/t NSR cut-off), split between:

o Indicated Resources of 9.5M tonnes at 0.27% containing 56Mlbs of nickel, and

o Inferred Resources of 84.0M tonnes at 0.22% Ni containing 411Mlbs of nickel

• The Gemini North Zone contains a potential Pit Constrained Starter Zone of 25.5M tonnes grading 0.27% Ni

and 0.34% S consisting of both Indicated and Inferred Resources

TORONTO, ONTARIO – EV NICKEL INC. (TSX-V: EVNI) (“EVNi” or the “Company”) today announced a maiden mineral resource

estimate for the “ Gemini North Zone”, part of its large-scale nickel target in the northeast of its Shaw Dome Project,

referred to as the Carman-Langmuir or, “CarLang Area” (the “Property” or the “Project”) (Figure 1). A Technical Report in

support of the Mineral Resource Estimate will be filed on SEDAR + (www.sedarplus.ca) within 45 days. The Mineral

Resource Estimate is effective as of February 26, 2026.

After discovery of the Gemini North Nickel Zone (see News Release dated October 8, 2024 ), EVNi launched a diamond

drilling program (23 holes totalling 6,682 m) to complete a maiden mineral resource estimate in accordance with National

Instrument 43-101 (“NI 43-101”) which shows Indicated Resources of 9.5M tonnes or 55.6M pounds of contained nickel

and Inferred Resources of 84.0M tonnes or 410.7M pounds of contained nickel (Table 1 and Figure 2).

“The Gemini North Preliminary Resources Estimate demonstrates the great potential of the CarLang Trend ,” said Paul

Davis, Vice President Exploration . “The identification of Mt. Keith Style, nickel -copper-PGM sulphide mineralization at

Gemini North with better metallurgical recovery characteristics, only represents a small portion of the overall CarLang C

area. When combined with the potential to identify multiple, proximal, large-scale deposits along the CarLang Trend (A,

B, C, E and Gemini North), would allow for a single, centralized processing plant to process all the potential zones within

the interpreted 10km strike length of peridotites and dunites.”

Table 1 – Preliminary Mineral Resource Estimate for the Shaw Dome Project’s Gemini North Nickel Zone.

Notes to Table 1:

1. The independent Qualified Person for the Mineral Resource Estimate, as defined by National Instrument 43 -101 – Standards of

Disclosure for Mineral Projects (“NI 43 -101”), is Dr. Scott Jobin -Bevans (P.Geo., PGO #0183) of Caracle Creek International

Consulting Inc. The effective date of the Mineral Resource Estimate is February 26, 2025.

2. The quantity and grade of reported Inferred Mineral Resources in this MRE are uncertain in nature and there has been insufficient

exploration to define these Inferred Mineral Resources as Indicated or Measured Mineral Resources. However, it is reasonably

expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued

exploration.

3. Estimation domains were built from geological data with the exception of high -grade domains which were constrained using

grade thresholds based on statistical analysis of the core assays.

4. The Mineral Resource is reported at an NSR break-even cut-off of US$7.35/t based on commodity prices, metallurgical recoveries,

selling costs, operating costs, and appropriate mine modifying factors.

5. Geological and block models for the MRE used data from a total of 23 surface drill holes, completed by EV Nickel in 2025. The

drill hole database was validated prior to resource estimation and QA/QC checks were made using industry -standard control

charts for blanks, core duplicates and commercial certified reference material inserted into assay batches by EV Nickel and by

comparison of umpire assays performed at a second laboratory.

(%)

(ppm)

(%)

NiEq

(%)

NSR

(US$/t)

(kt)

(koz)

(kt)

Indicated 9,453,356 2.76 0.27 0.01 0.02 0.01 5.75 0.37 0.38 39.34 25 1 7 4 543

Inferred 83,997,068 2.77 0.22 0.01 0.01 0.01 5.17 0.09 0.37 23.31 186 8 32 22 4,341

I + I 93,450,424 2.77 0.23 0.01 0.01 0.01 5.23 0.12 0.37 24.93 212 9 39 26 4,884

Opent Pit (NSR $7.35/t)

Category TONNES SG

Grades Contained Metals

6. Estimates have been rounded to two significant figures.

7. The MRE was prepared following the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines

(November 29, 2019) and the CIM Definition Standards for Mineral Resources & Mineral Reserves (May 19, 2014).

8. A 10 m x 10 m x 10 m block model was created, and samples were composited at 1.5 m intervals. Grade estimation from drill

hole data was carried out for Ni, Co, Pd, Pt, Fe and S using the Ordinary Kriging interpolation method in Micromine software.

9. The MRE has been constrained by a conceptual pit envelope that was developed using the following optimization parameters :

• Mining costs and revenues reported in US dollars (US$)

• Metal prices used were US$21,000/t nickel, US$40,000/t cobalt, US$325/t iron, US$3,860/t chromium, US$1,350/oz

palladium, and US$1,150/oz platinum.

• Pit slope angle of 45 degrees was applied

• Processing costs and general and administration costs of US$7.35/t for 100 ktpd operation

• Recovery percentage for the metals are: Ni% is 171.63 × S% + 21.2; Co is 11%; Pt is 22%; Pd is 48%; and Fe is 53%.

10. The Mineral Resource statement reports pit-constrained resources using both NiEq and NSR calculated within an optimised open

pit. Block value was calculated as:

• NSR ($/t) = NSR_Ni + NSR_Co + NSR_Pt + NSR_Pd + NSR_Fe

• NiEq (%) = Ni% + (Ni%×NSR_Co/NSR_Ni) + (Ni%×NSR_Pt/NSR_Ni) + (Ni%×NSR_Pd/NSR_Ni) + (Ni%×NSR_Fe/NSR_Ni)

The NSR values for each metal was determined using the metal prices and recoveries stated in point 9.

11. Grade estimation was validated by comparison of input and output statistics (Nearest Neighbour and Inverse Distance Squared

methods), swath plot analysis, cross -plots of declustered samples against the nearest Ordinary Kriging estimate, and by visual

inspection of the assay data, block model, and grade shells in cross -sections.

12. Density estimation is based on referential density information benchmarked from similar deposits and projects. Lithology-specific

values were applied: the average estimated density for peridotite, komatiite, and pyroxenite is 2.76 g/cm³ (t/m³).

Figure 2: Isometric Viel Showing the pit shell (light grey) with respect to the modelled Indicated and Inferred Resources

Potential for the Gemini North Nickel Zone– Open along strike and at depth

The potential exists at Gemini North to sequence the potential extraction of the zone focusing on the higher-grade nickel

and sulphur portions of the deposit. Table 2 summarizes the pit constrained Indicated and Inferred Resources and

highlights the potential to sequence the open pit to extract higher nickel and sulphur grade material that appear to have

better metallurgical recovery characteristics associated with nic kel in sulphides as reported in a press release issued

January 27, 2026. The Company will continue to explore the potential of the Gemini North, to define a starter open pit to

maximize the economic value of the deposit and the potential to improved economic expectations for the area.

Additionally, the Gemini North Nickel Zone is still open along strike to the east, west and at depth as indicated by drill

holes not included in the current resource, surface sampling and the extension of the modeled mineralization below the

current pit constrained resource.

When taken into consideration that the Gemini North Nickel Deposit covers less than 10% of the overall CarLang C target

area, the potential to expand the resources in this area is significant.

Drilling Data Detail

EV Nickel’s Gemini North drill program targeted the Large-Scale potential of the Gemini North Nickel Zone, forming only

the northern portion of the CarLang C target area, and was completed in 2024 and 2025. The maiden mineral resource

estimate consists of 23 holes totalling 6,682 m (see Tables 3 & 4 and Figure 3). The Gemini North Nickel Zone is defined

across a strike length of 990 metres, a width of 580 metres and a depth of 360 metres . Nickel mineralization extends

below 300 metres vertical depth with a number of drill holes bottoming in nickel mineralization.

Cutoff NSR Tonnage (t) Ni % Co% Pd ppm Pt ppm Fe ppm NiEq NSR SG S %

0 93,467,187 0.23 0.01 0.01 0.01 5.23 0.3727 24.93 2.77 0.12

2.5 93,467,187 0.23 0.01 0.01 0.01 5.23 0.3727 24.93 2.77 0.12

5 93,467,187 0.23 0.01 0.01 0.01 5.23 0.3727 24.93 2.77 0.12

7.5 93,450,424 0.23 0.01 0.01 0.01 5.23 0.3727 24.93 2.77 0.12

10 92,875,682 0.23 0.01 0.01 0.01 5.24 0.3737 25.03 2.76 0.12

12.5 90,905,990 0.23 0.01 0.01 0.01 5.27 0.3765 25.32 2.76 0.12

15 87,706,414 0.23 0.01 0.01 0.01 5.30 0.3794 25.74 2.76 0.13

17.5 77,061,422 0.24 0.01 0.01 0.01 5.38 0.3832 27.02 2.76 0.14

20 55,807,596 0.25 0.01 0.02 0.01 5.50 0.3827 30.16 2.76 0.18

22.5 38,158,730 0.26 0.01 0.02 0.01 5.57 0.3767 34.28 2.76 0.25

25 25,380,039 0.27 0.01 0.02 0.01 5.78 0.3758 39.64 2.76 0.34

27.5 19,850,980 0.28 0.01 0.02 0.01 5.88 0.3756 43.42 2.76 0.41

30 17,167,023 0.29 0.01 0.02 0.01 5.89 0.3765 45.72 2.76 0.45

32.5 15,084,699 0.29 0.01 0.03 0.02 5.91 0.3780 47.73 2.76 0.49

35 13,507,827 0.30 0.01 0.03 0.02 5.92 0.3795 49.35 2.76 0.53

37.5 11,949,875 0.30 0.01 0.03 0.02 5.95 0.3810 51.07 2.76 0.57

40 10,480,629 0.31 0.01 0.03 0.02 5.97 0.3821 52.79 2.76 0.61

42.5 9,058,179 0.31 0.01 0.03 0.02 5.99 0.3831 54.61 2.76 0.66

45 7,757,081 0.31 0.01 0.03 0.02 6.01 0.3867 56.44 2.76 0.70

47.5 6,682,554 0.32 0.01 0.03 0.02 6.04 0.3920 58.08 2.76 0.72

50 5,837,152 0.33 0.01 0.03 0.02 6.06 0.3986 59.43 2.76 0.74

Table 2: Pit Constrained Indicated and Inferred Resources with Variable Cutoff NSR

Drill Hole UTM Easting

(mE)

UTM Northing

(mN)

Elevation

(m)

Dip

(°)

Azimuth

(°)

Depth

(m)

EV24-CAR08 498645 5359645 306.1 -60 235 252

EV25-GN01 498605 5359622 305.2 -90 - 300

EV25-GN02 498566 5359586 305.2 -90 - 300

EV25-GN03 498523 5359562 305.4 -90 - 300

EV25-GN04 498638 5359644 306.1 -90 - 300

EV25-GN05 498634 5359576 304.7 -90 - 297

EV25-GN06 498591 5359544 304.9 -90 - 300

EV25-GN07 498548 5359515 304.1 -90 - 300

EV25-GN08 498672 5359602 304.7 -90 - 300

EV25-GN09 498576 5359658 304.7 -90 - 300

EV25-GN10 498537 5359633 304.7 -90 - 300

EV25-GN11 498493 5359599 304.7 -90 - 300

EV25-GN12 498619 5359688 304.7 -90 - 300

EV25-GN13 498493 5359383 303.2 -68 150 300

EV25-GN15 498425 5359519 305 -67 330 299

EV25-GN16 498388 5359580 304.6 -45 330 174

EV25-GN17 498540 5359320 302.2 -44 150 300

EV25-GN20 498197 5359501 300.3 -44 330 300

EV25-GN21 498312 5359303 304.4 -67 150 300

EV25-GN22 498348 5359233 301.4 -46 150 241

Table 3: 2025 Drill Program - Gemini North -Location and Depth

Table 4: Shaw Dome - Gemini North Drill Holes

Drill hole Target Area From

(m)

Length

(m)

(%)

(ppb)

EV24-CAR08 Gemini North 18.00 252.00 234.00 0.28 0.010 0.012 0.48 5.95 n/a n/a n/a

incl. 64.50 102.00 37.50 0.37 0.021 0.014 0.46 6.23 n/a n/a n/a

incl. 156.00 169.50 13.50 0.39 0.024 0.016 1.18 6.32 n/a n/a n/a

incl. 232.50 252.00 19.50 0.37 0.011 0.014 0.33 5.97 n/a n/a n/a

EV25-GN01 Gemini North 14.20 232.60 218.40 0.26 0.008 0.012 0.43 6.09 0.4 12.7 19.4

incl. 49.50 151.50 102.00 0.30 0.015 0.013 0.82 6.39 0.5 17.6 30.2

incl. 76.50 96.00 19.50 0.36 0.018 0.013 0.81 6.22 0.9 21.2 41.7

EV25-GN02 Gemini North 12.00 282.00 270.00 0.26 0.008 0.012 0.36 6.35 1.2 25.3 38.0

incl. 13.50 235.00 221.50 0.29 0.008 0.012 0.42 5.96 1.4 15.1 25.0

incl. 72.40 184.50 112.10 0.35 0.013 0.013 0.75 6.29 1.2 21.4 38.1

incl. 87.00 117.00 30.00 0.41 0.021 0.014 0.87 6.54 3.8 31.4 63.4

incl. 157.50 183.00 25.50 0.42 0.005 0.014 0.51 5.70 0.2 12.2 15.2

EV25-GN03 Gemini North 6.50 237.40 230.90 0.28 0.013 0.012 0.25 5.91 0.8 14.8 27.1

incl. 89.60 219.00 129.40 0.34 0.020 0.013 0.36 5.67 1.3 21.0 39.3

incl. 89.60 145.50 55.90 0.40 0.028 0.014 0.48 5.92 2.0 30.0 62.2

EV25-GN04 Gemini North 16.50 241.00 224.50 0.24 0.005 0.010 0.29 5.65 0.6 10.5 12.9

incl. 64.50 73.50 9.00 0.34 0.011 0.012 0.20 5.43 0.2 18.5 31.0

incl. 96.00 103.50 7.50 0.34 0.021 0.015 1.64 7.13 0.2 19.1 32.0

incl. 205.50 213.00 7.50 0.32 0.005 0.014 0.12 5.10 1.0 13.0 17.4

EV25-GN05 Gemini North 31.50 293.30 261.80 0.27 0.006 0.011 0.33 5.57 2.8 12.5 21.1

incl. 108.00 213.00 105.00 0.31 0.012 0.011 0.65 6.01 0.6 19.8 35.9

incl. 133.20 187.50 54.30 0.35 0.017 0.013 0.87 6.27 0.8 23.4 45.1

incl. 152.80 153.00 0.20 3.85 0.236 0.102 13.30 23.70 34.0 109.0 473.0

EV25-GN06 Gemini North 17.20 300.00 282.80 0.32 0.014 0.012 0.46 5.87 1.1 16.6 31.4

incl. 75.00 82.50 7.50 0.40 0.012 0.015 0.18 7.02 3.2 25.4 38.8

incl. 95.50 282.00 186.50 0.36 0.017 0.013 0.66 6.00 1.4 19.6 38.1

incl. 165.30 165.60 0.30 1.07 0.023 0.032 3.21 7.33 7.0 60.0 124.0

incl. 165.00 173.30 8.30 0.42 0.022 0.014 1.22 6.06 0.6 23.8 44.0

incl. 237.00 268.00 31.00 0.44 0.020 0.014 0.75 5.76 0.8 23.7 51.3

incl. 241.50 250.50 9.00 0.51 0.015 0.013 0.91 5.49 0.5 23.5 54.0

EV25-GN07 Gemini North 10.50 300.00 289.50 0.27 0.004 0.011 0.09 5.66 3.1 8.6 15.2

incl. 120.00 129.00 9.00 0.37 0.017 0.012 0.22 5.92 1.0 24.2 46.5

incl. 152.70 255.35 102.65 0.30 0.006 0.011 0.12 5.76 0.6 15.1 27.4

EV25-GN08 Gemini North 69.00 253.00 184.00 0.25 0.008 0.011 0.33 5.57 1.1 11.3 19.4

incl. 78.40 150.20 71.80 0.28 0.014 0.011 0.32 5.57 1.8 19.6 37.6

incl. 172.50 189.20 16.70 0.29 0.015 0.015 0.67 6.51 0.2 12.1 16.2

incl. 144.20 144.60 0.40 1.71 0.155 0.048 15.20 19.00 13.0 159.0 286.0

EV25-GN09 Gemini North 12.00 205.50 193.50 0.24 0.004 0.010 0.30 5.73 0.4 9.0 13.9

incl. 33.00 63.00 30.00 0.30 0.009 0.012 0.87 6.16 0.6 20.8 36.6

incl. 71.00 78.00 7.00 0.38 0.007 0.009 0.92 5.49 0.6 10.4 14.2

incl. 181.00 193.50 12.50 0.37 0.004 0.015 0.22 6.52 1.8 9.2 12.6

EV25-GN10 Gemini North 8.00 193.70 185.70 0.26 0.005 0.011 0.30 5.54 0.9 10.9 17.3

incl. 34.50 43.50 9.00 0.42 0.029 0.014 0.39 5.89 3.5 10.1 20.0

incl. 66.00 75.00 9.00 0.39 0.011 0.013 1.00 5.51 0.5 29.5 40.8

incl. 66.00 69.00 3.00 0.53 0.015 0.013 0.98 5.65 1.1 39.0 55.5

incl. 94.50 99.00 4.50 0.38 0.005 0.010 0.45 5.22 0.2 15.8 21.3

EV25-GN11 Gemini North 7.00 231.00 224.00 0.27 0.006 0.011 0.17 5.61 0.9 10.2 14.0

incl. 82.50 145.50 63.00 0.34 0.008 0.012 0.28 5.73 0.8 17.1 22.8

incl. 111.00 121.50 10.50 0.40 0.007 0.013 0.37 5.94 0.9 22.0 32.1

incl. 135.00 145.50 10.50 0.49 0.014 0.016 0.44 5.88 2.4 36.5 36.7

incl. 187.50 196.50 9.00 0.36 0.003 0.012 0.23 5.25 0.2 6.6 8.7

EV25-GN12 Gemini North 21.00 222.00 201.00 0.22 0.004 0.010 0.47 6.66 0.2 8.6 12.2

23.00 36.00 13.00 0.34 0.012 0.012 0.36 5.79 0.2 20.7 29.8

27.00 28.50 1.50 0.65 0.017 0.020 0.65 7.16 0.2 52.0 83.0

EV25-GN13 Gemini North

17.00 300.00 283.00 0.19 0.001 0.008 0.03 4.97 9.6 3.5 4.3

incl. 41.00 134.00 93.00 0.22 0.002 0.009 0.04 5.40 27.6 4.1 4.9

incl. 95.00 105.50 10.50 0.26 0.008 0.010 0.16 6.42 1.7 11.9 18.9

EV25-GN14 Gemini North

21.00 96.00 75.00 0.25 0.004 0.011 0.02 5.95 0.2 8.7 12.9

incl. 30.00 72.00 42.00 0.29 0.006 0.012 0.03 5.98 0.3 13.1 22.3

incl. 55.50 67.50 12.00 0.36 0.016 0.012 0.06 6.01 0.4 36.9 70.5

EV25-GN15 Gemini North

2.30 171.50 169.20 0.24 0.002 0.011 0.02 5.79 4.4 7.1 11.9

incl. 102.50 105.50 3.00 0.44 0.009 0.015 0.11 5.94 3.6 51.0 89.5

incl. 116.00 119.00 3.00 0.32 0.001 0.013 0.01 5.70 0.2 18.5 28.5

EV25-GN16 Gemini North

10.63 48.35 37.72 0.23 0.001 0.012 0.01 5.69 13.8 10.8 16.4

incl. 18.00 24.00 6.00 0.30 0.001 0.012 0.01 5.73 1.6 19.0 26.3

EV25-GN17 Gemini North

22.34 50.50 28.16 0.22 0.001 0.010 0.01 5.42 4.0 1.0 1.7

129.00 175.50 46.50 0.20 0.001 0.009 0.10 5.34 5.4 3.1 3.5

EV25-GN18 Gemini North 7.00 300.00 293.00 0.24 0.001 0.009 0.08 4.06 1.3 0.7 1.1

EV25-GN19 Gemini North

26.58 162.00 135.42 0.21 0.001 0.008 0.03 4.46 0.6 1.9 1.2

and 249.00 300.00 51.00 0.22 0.001 0.008 0.02 3.83 5.5 1.7 2.2

EV25-GN20 Gemini North

229.93 300.00 70.07 0.24 0.001 0.008 0.04 3.57 78.4 1.0 0.5

incl. 274.50 297.00 22.50 0.26 0.001 0.008 0.01 3.64 196.1 1.8 0.5

EV25-GN21 Gemini North 12.25 240.00 227.75 0.23 0.001 0.009 0.02 4.34 22.8 2.0 2.3

EV25-GN22 Gemini North

109.00 178.35 69.35 0.23 0.005 0.010 0.16 6.30 1.1 6.9 12.1

incl. 171.00 177.00 6.00 0.37 0.035 0.015 0.25 6.19 2.8 23.5 57.3

1) Drill Intercepts represent drill widths only; true widths are unknown and have not been calculated

2) Nickel (Ni), Copper (Cu), Cobalt (Co), Iron (Fe) and Sulphur (S) by sodium peroxide fusion with an ICP finish

3) Platinum (Pt), Palladium (Pd) and Gold (Au) by fire assay and ICP-AES finish

Core Handling and Assay-QA/QC Procedures

NQ-sized drill core from the Phase 2 Diamond Drill Hole Program, part of the Shaw Dome Project, was sawn in half at the

Company’s core logging facility located near the Project site. One half of the core was retained for reference, and the

remaining half was bagged and transported to Activation Laboratories Limited (“Actlabs”) in Timmins, Ontario, for sample

preparation and analysis.

Certified reference materials and blanks were inserted into the sample stream by the Company as part of its quality

assurance and quality control (“QA/QC”) program ; no QA/QC issues were noted by the Company or its consultants . At

Actlabs, samples were crushed to 80% passing 2 mm, with a riffle split pulverized to 95% passing 105 microns. Nickel,

copper, cobalt, iron, and sulphur were analyzed by Sodium Peroxide Fusion with an ICP -OES finish. Gold, platinum, and

palladium were analyzed by Fire Assay with an ICP-OES finish.

Assay results may vary from time to time due to re-analysis conducted as part of ongoing QA/QC procedures.

About EV Nickel Inc.

EV Nickel’s mission is to provide the world with clean nickel from Tier 1 jurisdictions. Our projects are located within 30

km of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets, as

well as an important emerging critical mineral district for North American efforts to bring on -shore the full vertical

integration of electric batteries and vehicles.

EV Nickel aims to play an integral part of the North American on -shoring initiative as the Company’s clean , low carbon

deposits can be an important source of supply to support the Inflation Reduction Act (IRA) and Ontario and Federal policies

and initiatives which strive to bring clean critical mineral production from Canada into the North American supply chain

and globally.

In further support of this initiative, the Company has and will continue to partner with environmentally responsible and

ethical organizations from around the province and around the world to assist in developing these essential critical

minerals. EV Nick el is also eager to collaborate with all stakeholders and leading sustainable engineering, mining,

automotive and battery companies to provide this key input to support global decarbonization initiatives. The

governments of Ontario and Canada are also pro viding significant legislative, policy and financial support to help ensure

that the Timmins region becomes a leading participant in the developing North American supply chain for the clean energy

transition.

Qualified Person

The independent Qualified Person for the Mineral Resource Estimate, as defined by National Instrument 43 -101 –

Standards of Disclosure for Mineral Projects (“NI 43-101”), is Dr. Scott Jobin-Bevans (P.Geo., PGO #0183) of Caracle Creek

International Consulting Inc.

The Company’s Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice -President of the

Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information

in this press release. There are no known factors that could materially affect the reliability of the information verified by

Mr. Davis.

Cautionary Note Regarding Forward-Looking Statements:

This press release contains forward -looking information. Such forward -looking statements or information are provided

for the purpose of providing information about management's current expectations and plans relating to the future.

Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward -

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