Ev Nickel Reports New GOLD Discovery at Gemini North Nickel Zone
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March 26, 2026 TSX-V: EVNI
EV NICKEL REPORTS NEW GOLD DISCOVERY AT GEMINI NORTH
NICKEL ZONE
• Gold intersections of up to 0.57 gpt Au over 9.0m and 2.03 gpt Au over 1.5m from the Gemini North
Area
• 10 of 27 diamond drill holes intersected anomalous gold above 0.10 gpt Au
• Gold mineralization appears to be associated with strong silicification and quartz veining
TORONTO, ON – EV NICKEL INC. (TSX-V: EVNI ) (“EVNi” or the “Company”) is pleased to announce the discovery of
anomalous gold mineralization associated with the Gemini North Nickel Zone at its Shaw Dome Project, Timmins, Ontario.
Results from the Company’s 2025 diamond drilling program have identified gold mineralization above background level
concentrations of greater than 0.02 grams per tonne (“gpt”) Au over a minimum drill intersection of 1.5 metres in 21 of
28 drill holes completed to date (see press releases dated March 19, 2025 and January 20, 2026).
Higher-grade gold mineralization was intersected in 10 drill holes, grading greater than 0.10 gpt Au over a minimum of 1.5
metres, including highlights of 0.57 gpt Au over 9.0 metres in hole EV25 -GN20 and 2.03 gpt Au over 1.5 metres in hole
EV25-GN21 (see Figure 2).
Anomalous gold mineralization has now been identified throughout the CarLang C Area, indicating the presence of a broad
mineralized envelope. Higher-grade zones (>0.10 gpt Au over 1.5 metres) are associated with increased silica flooding and
the presence of quartz veins and veinlets observed in diamond drill core. Additional analysis and interpretation will be
required to determine whether a preferred vein orientation exists that could host higher concentrations of gold-bearing
quartz veins and/or associated alteration zones.
Diamond drill holes completed prior to January 2025 were not systematically analyzed for gold, and as a result, no
comparable gold data are currently available for these earlier holes including EV24-CAR07 and EV24-CAR06.
“The association of gold mineralization with altered ultramafic rocks is well documented in the Timmins Camp,” said Paul
Davis, Vice President of Exploration. “The presence of these higher -grade gold intersections, including values exceeding
one gram per t onne, identified in our 2025 diamond drill program represents the first time the Company has observed
this level of gold enrichment on its the Shaw Dome Project. This newly identified gold zone represents an exciting new
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exploration target that will require additional work to define the extent of the gold-bearing system and assess the potential
to identify areas of higher-grade gold mineralization that could be of economic importance.”
The Company is currently reviewing the potential to re -analyze samples previously assayed from its 2023 and 2024
diamond drill programs on the CarLang Trend. Going forward, all diamond drill hole samples will be analyzed for gold as
part of the Company’s standard assay package.
Drill hole From To Length Au (gpt)
EV25-CAR11 255.00 262.50 7.50 0.12
EV25-CAR12 112.50 127.50 15.00 0.25
EV25-CAR15 108.00 109.50 1.50 0.46
EV25-GN07 63.35 64.50 1.15 0.16
and 286.50 288.00 1.50 0.30
48.50 51.50 3.00 0.23
and 66.50 75.50 9.00 0.13
and 83.00 84.50 1.50 0.10
EV25-GN15 17.00 21.50 4.50 0.10
EV25-GN16 49.40 50.60 1.20 0.25
EV25-GN17 50.50 51.13 0.63 0.70
270.00 279.00 9.00 0.57
incl. 274.50 277.50 3.00 1.02
69.00 70.50 1.50 0.88
and 73.50 75.00 1.50 2.03
and 184.50 186.00 1.50 0.13
EV25-GN13
EV25-GN20
EV25-GN21
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 assy and ICP-AES finish
Table 1: Shaw Dome - CarLang Trend Anomalous Gold Intercepts
Drill Hole UTM Easting
(mE)
UTM Northing
(mN)
Elevation
(m)
Dip
(°)
Azimuth
(°)
Depth
(m)
EV25-GN07 498548 5359515 304.1 -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-CAR11 498914 5359753 299.1 -60 240 300
EV25-CAR12 498868 5359322 297 -60 325 300
EV25-CAR15 499124 5358322 289.2 -60 215 300
Table 2: 2025 Drill Program - Gemini North -Location and Depth
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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. 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 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 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 "anticipate", "proposed", "estimates", "would", "expects",
"intends", "plans", "may", "will", and similar 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 EVNi believes that the expectations reflected in such forward-looking statements or
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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 could 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 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 required 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, dependence on key management personnel, 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 EVNi 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.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities
Act "), or any applicable state securities laws and may not be offered or sold to, or for the account or benefit of, persons
in the United States or "U.S. persons," as such term is defined in Regulation S promulgated under the U.S. Securities Act,
absent registration or an exemption from such registration requirements. This press release shall not constitute an offer
to sell or the solicitation of an offer to buy, nor shall there be any sale of the securities in any jurisdiction in which such
offer, solicitation or sale would be unlawful.
Contact Information
For further information, visit www.evnickel.com
Or contact: Paul Davis
E-mail: [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.