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Nine Mile Metals Announces Assay Results from Nine Mile Brook VMS Project

Drill Results

Suite 350 – 1650 West 2nd Avenue, Vancouver, BC, V6J 1H4 (T) 604.428.5171

www.ninemilemetals.com

Nine Mile Metals Ltd. Announces Assay Results from Nine Mile Brook VMS

Project including Lead-Zinc 38.8%, Gold 2.694 g/t, and Silver 14.50 oz/t

Vancouver, B.C. February 7, 2022- NINE MILE METALS LTD. (CSE: NINE) (the “Company” or “Nine Mile”)

is pleased to announce assay results from a work program completed on the Nine Mile Brook VMS Project

(“Nine Mile Brook”) by Fiddlehead Mining Corp. (“FMC”) and prior to the company acquiring an interest

in Nine Mile Brook (refer news releases November 29, 2021 and January 25, 2022).

FMC completed a work program in September 2021 to sample sections of the VMS Lens Extension. Ten

(10) samples were broken off the VMS Lens Extension for assay and submitted for analysis to Bureau

Veritas Laboratories located in Timmins, Ontario (“BV Labs”). Due to the high-grade nature of the samples,

analytical package AR404 was requested, the method specifically designed for high precision and accuracy

required to quantify commodity elements for resource evaluation. This method had an upper limit

maximum of 20% for copper, lead, and zinc. Since some values were above the maximum limit, analytical

packages MA370 and GC817 were also employed by BV Labs, the latter having an upper limit of 100% Pb

for lead. The results are summarized below in Table 1.

Table 1: BV Labs Assay Results

Sample # Cu Pb Zn Pb-Zn Au Ag Ag

% % % Combined

%

g/t g/t oz/t

219M01 7.394 16.63 9.92 26.55 1.195 450 14.47

219M02 3.235 20.73 9.95 30.68 1.234 433 13.92

219M03 1.894 19.82 11.19 31.01 0.761 346 11.13

219M04 1.769 12.13 19.79 31.92 2.446 111 3.57

219M05 7.527 0.41 0.16 0.57 1.366 48 1.54

219M06 1.063 19.12 16.61 35.73 2.694 166 5.34

219M07 0.692 19.02 8.09 27.11 2.317 315 10.13

219M08 7.493 0.31 0.06 0.37 1.456 281 9.04

219M09 0.532 16.07 22.11 38.18 2.370 81 2.61

219M010 0.849 9.64 27.06 36.70 2.240 308 9.90

The base and precious metal values encountered in this last round of sampling are great in both grade

and consistency. The assay results demonstrate the variability within the VMS sequence at Nine Mile

Brook, highlighted by discreet, higher-grade sections of both base and precious metals.

Patrick J Cruickshank, MBA, director of the Company and President & CEO of FMC stated, “These are the

highest reported values yet on all of Bathurst Mining Camp Projects and we couldn’t be more excited to

explore for additional VMS Lens and the economic large source deposit they broke off from. Nine Mile is

taking steps to secure the next phase of this exciting exploration program on Nine Mile Brook . We are

Suite 350 – 1650 West 2nd Avenue, Vancouver, BC, V6J 1H4 (T) 604.428.5171

www.ninemilemetals.com

pleased that the BV Labs Assay results confirm that the Newly Discovered VMS Lens extension, is much

larger and continues with High-Grade VMS Mineralization.

In 2022, the Company’s exploration will focus on defining potential targets within and proximal to the

California Lake Group Volcanics to the north of the VMS lens. To assist, high -definition UAV magnetics

will be utilized to define the extent of the mineralized lens and associated geologic contacts.

Figure 1: California Lake Group Volcanics host numerous VMS Deposits in the BMC

Suite 350 – 1650 West 2nd Avenue, Vancouver, BC, V6J 1H4 (T) 604.428.5171

www.ninemilemetals.com

Host to the Trevali Mining Corp’s Caribou Mine, the California Lake Group, depicted in orange on Figure

1, is one of the 3 major units that host VMS deposits in the BMC. The flagship Nine Mile Brook hosts a

large geological section through the core of its land package. This hig h priority target area is up ice and

may have been the potential source of the exposed VMS mineralization.

The disclosure of technical information in this news release has been prepared in accordance with

Canadian regulatory requirements as set out in National Instrument 43-101 – Standards of Disclosure for

Mineral Projects (“NI 43-101”) and reviewed and approved by Gary Lohman, B.Sc., P. Geo. who acts as the

Company’s Qualified Person and as the COO of FMC, and is not independent of the Company.

About Nine Mile Metals Ltd.:

Nine Mile Metals Ltd. is a mineral exploration company. Its primary business objective is to explore its two

properties located in New Brunswick, Canada: 100% owned Canoe Landing Lake West and 50% owned

Nine Mile Brook.

ON BEHALF OF NINE MILE METALS LTD.

“Charles MaLette”

CEO, President, Director & Secretary

T: 604-428-5171

E: [email protected]

Forward-Looking Information:

This press release may include forward-looking information within the meaning of Canadian securities legislation, concerning the

business of Nine Mile. Forward -looking information is based on certain key expectations and assumptions made by the

management of Nine Mile. In some cases, you can identify forward-looking statements by the use of words such as “will,” “may,”

“would,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,”

“could” and variations of these terms and similar expressions, or the negative of these terms or si milar expressions. Forward -

looking statements in this press release include that the assayvresults are the highest in the Bathurst Mining Camp Projects; the

Company will explore for additional VMS Lens and the economic large source deposit; the Company is taking steps to secure the

next phase of this exciting exploration; the Company’s exploration will focus on defining potential targets within and proximal to

the California Lake Group Volcanics to the north of the VMS lens; that high-definition UAV magnetics will be utilized to define the

extent of the mineralized len s; that Nine Mile Brook hosts a large geological section through the core of its land package; and

that this high priority target area is up ice and may have been the potential source of the exposed VMS mineralization. Although

Nine Mile believes that the expectations and assumptions on which such forward- looking information is based are reasonable,

undue reliance should not be placed on the forward-looking information because Nine Mile can give no assurance that they will

prove to be correct.

The Canadian Securities Exchange (CSE) has not reviewed and does not accept responsibility for the adequacy or the accuracy

of the contents of this release.