Ev Nickel Drilling Update: Phase 2 Completed ON the High- Grade W4 Extension and Phase 3 Initiated ON the Large-Scale Carlang Target

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June 27th, 2022 TSX-V: EVNI

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

EV NICKEL DRILLING UPDATE: PHASE 2 COMPLETED ON THE HIGH-

GRADE W4 EXTENSION AND PHASE 3 INITIATED ON THE LARGE-SCALE

CARLANG TARGET

● Phase 2 drilling was completed on the High-Grade W4 Extension, with Assay results over the coming months

● Phase 3 drilling began last week on the Large-Scale CarLang Target, in the northeast of EVNi’s property

● The previously announced non-brokered Private Placement has been fully allocated to investors and is now

expected to close on or before July 15th, 2022

TORONTO, ON – EV Nickel Inc. (TSX-V: EVNI) (“EVNi” or the “Company”) is pleased to update on its exploration drilling related

to its Shaw Dome Nickel Project, southeast of Timmins, Ontario.

The Company’s Phase 2 drilling is now complete. and tested the down plunge potential of the High -Grade Langmuir W4

Zone. This work is targeting the “W4 Extension” of the currently defined minera lized envelope with an objective of

identifying additional high -grade nickel mineralization targeting the area between 200 and 500 metres from surface.

Results will be published as they are received this summer.

EV Nickel immediately shifted into Phase 3, starting with the Large-Scale CarLang Target in the northeast of the Company’s

land package. The drills have been mobilized and initiated diamond drilling and the exploration team has begun to see

core from this target.

Management conducted an interview related to the Exploration Drilling, outlining Phases 1 through 4 and the plans for a

future Technical Report. That is now posted online and can be viewed by clicking here.

Investors can jump straight to discussion of Phase 3 here, or Phase 4 here.

“As we shift to the Northeast of our land package, we are very interested to see what this Large-Scale target holds” states

Sean Samson, President, CEO of EV Nickel. “Our strategy is to combine the High-Grade mineralization like we have at W4

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and has been historically mined across the Shaw Dome with the enormous potential of the Large -Scale mineralization we

now hope to prove out in Phase 3 and future phases, exploring these huge dunitic targets.”

Non-brokered Private Placement (previously announced)

The Company is currently mana ging a non -brokered private placement (the “Offering”) for gross proceeds of up to

C$2,000,000 from the sale of any combination of flow-through units of the Company (each, a “FT Unit”) at a price of C$0.18

per FT Unit and FT Units to be sold to charitable purchasers (each, a “Charity FT Unit”) at a price of C$0.24 per Charity FT

Unit. Each FT Unit and Charity FT Unit will consist of one common share of the Company to be issued as a “flow -through

share” within the meaning of the Income Tax Act (Canada) and o ne half of one common share purchase warrant (each

whole warrant, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one common share of the Company

at a price of C$0.25 for a period of 24 months following the closing date of the Offering. The Proceeds of the Offering will

be primarily used towards Phase 3 exploration on the Shaw Dome Project. (For further information, please consult the

News Release from June 15, 2022.)

As an update, the Offering has now been fully allocated to investor s and the Company expects to close on or before July

15, 2022. There has been a delay related to the complexity involved in structuring the Charity FT Units.

About EV Nickel Inc.

EV Nickel’s mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed

on the Shaw Dome area, south of Timmins, Ontario. In addition to extensive historic production, the Shaw Dome area is

home to the Langmuir W4 Zone, the basis of a 2010 historical estimate of 677K tonnes @ 1. 00% Ni, ~15M lbs of Class 1

Nickel. EV Nickel plans to grow and advance a Clean Nickel TM business, targeting the growing demand for Class 1 Nickel

from the electric vehicle battery sector. EV Nickel has more than 30,000 hectares to explore and has identified more than

100km of favourable strike length.

Qualified Person

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 -

looking information may be identified by words such as "proposed", "expects", "intends", "may", "will", and s imilar

expressions. Forward-looking statements or information are based on a number of factors and assumptions which have

been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes

that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should

not be placed on forward -looking statements because the Company can give no assurance that such expectations will

prove to be correct. Factors that cou ld cause actual results to differ materially from those described in such forward -

looking information include, but are not limited to, changes in business plans and strategies, market conditions, share

price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various

contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop

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its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent

hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges

and risks, the Company’s ability to obtain the necessary permits and consents req uired to explore, drill and develop its

projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company’s plans and

business objectives, changes in environmental and other laws or regulations that could have an impact on the Company’s

operations, compliance with such laws and regulations, the Company’s ability to obtain required shareholder or regulatory

approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID -19 and

general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary

significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or

beliefs of EV Nickel based on information currently available to the Company. Any forward -looking information speaks

only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims

any intent or obligation to update any forward-looking information, whether as a result of new information, future events

or results or expressly qualified by this cautionary statement.

Contact Information

For further information, visit www.evnickel.com

Or contact: Sean Samson, Chief Executive Officer at [email protected].

EV Nickel Inc.

200 - 150 King St. W,

Toronto, ON M5H 1J9

www.evnickel.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.