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Heliborne Magnetic Survey Reveals Internal Architecture of the Oka Carbonatite Five Major Magmatic Structures with Potential REE Mineralization Defined

Exploration Programs Sampling & Geoscience Results

Heliborne Magnetic Survey Reveals Internal

Architecture of the Oka Carbonatite

Five Major Magmatic Structures with Potential REE

Mineralization Defined

Montreal, Quebec--(Newsfile Corp. - September 16, 2026) - Nio Strategic Metals Inc. (TSXV: NIO)

(OTCQB: NIOCF) ("

Nio

" or the "

Corporation

"), a critical mineral exploration company, is pleased to

announce the results and geo-structural interpretation of the high-resolution heliborne magnetic and

radiometric survey flown over its 100%-owned Oka property. The interpretation was recently completed

by Jean David, Senior Geophysicist, and Ali Ben Ayad, Senior Geologist, as the first phase of a

geoscientific compilation and synthesis of the historical geological and geophysical data on the Oka

carbonatite complex, undertaken with the specific objective of targeting rare earth element ("

REE

")

mineralization.

Since 1952, exploration at Oka has been directed almost exclusively at niobium, even though the

niobium-bearing zones are frequently accompanied by rare earth minerals, as shown by the first

analyses carried out in 1958 (Nickel, GSC), by various academic studies and, more recently, by the

Impact Global Solutions' ("

IGS

") metallurgical study (see the Corporation's press release of August 4,

2026). The new interpretation work integrates the 2023 survey data with seventy years of historical

drilling, trenching, mapping and academic research. This geoscientific compilation has brought to light

the three-dimensional architecture of the intrusion and the geo-structural settings most likely to host

significant REE concentrations.

The 2023 survey, flown by Prospectair, covered the entire property, including the North and South Rings

of the carbonatite and their Grenvillian host rocks: 921 line-kilometres on 25-metre line spacing, with a

magnetometer at a mean height of 33 metres and a gamma-ray spectrometer (potassium, uranium,

thorium) at 52 metres (Figure 1).

Figure 1.

Area covered by the 2023 magnetic and spectrometric surveys.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_001full.jpg

The Oka magnetics show a highly variable total magnetic intensity (TMI, Figure 2) (range of 12,370 nT),

with strong magnetic anomalies forming triangular and/or crescent-shaped bodies characteristic of

dyke-type intrusives. The Grenvillian host rocks, to the north and east, show lower magnetic background

values and reduced variability, typical of areas dominated by metasedimentary rocks (paragneiss) or

felsic to intermediate intrusive rocks (orthogneiss). Figure 2 shows the position of the various

mineralized zones within and at the edge of the carbonatite complex on the magnetic maps, together

with its approximate interpreted contact.

Figure 2.

(a) Residual total field (TMI) and approximate limits of the carbonatite. (b) Magnetic tilt

derivative (TDR) and approximate limits of the carbonatite.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_002full.jpg

The structural interpretation of the magnetic lineaments reveals several structures: ductile structures

within the Grenvillian rocks, shear zones (C1, C2, C3) and regional brittle structures. These lineaments,

highlighted by the various processing steps (filters), allow a structural scheme of the North Ring of the

carbonatite and its Grenvillian host to be proposed (Figure 3). This scheme shows the existence of three

major shear zones:

A shear corridor in the extreme northwest (C1), NE-trending and visibly sinistral, which truncates

the carbonatite and hosts the Advance showing.

A shear zone bounding the northeastern flank of the carbonatite at the contact with the Grenvillian

rocks (C2).

A sinistral strike-slip shear separating the North Ring from the South Ring of the intrusion (C3). It is

probably this fault that produced the "distortion of the number 8" cited by all authors who have

worked on this carbonatite (see Figure 4).

Figure 3.

(a) Residual total field (TMI) and interpreted structures. (b) Magnetic tilt derivative (TDR) and

interpreted structures.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_003full.jpg

Figure 4.

Synthetic geological map of the Oka carbonatite showing the location of niobium showings

and mines (from Proulx, 2003, after Gold), illustrating the "distortion of the number 8" formed by the two

rings.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_004full.jpg

Husereau Hill, according to the geophysics and field data, corresponds to one of the largest dykes,

located at the northern end of the carbonatite. Figure 5 clearly shows the lateral closure of this multiply-

filled dyke (fish shape). In the central part of the carbonatite (Figure 6), the large arcuate, crescent-

shaped magnetic structure of the Bond Zone also corresponds to a major dyke perfectly traced by the

magnetic susceptibility contrast.

Figure 5.

Surface geology of the Husereau Hill dyke (Gold and Vallée, S-101).

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_005full.jpg

Figure 6.

Identification of crescent-shaped, arcuate structures in the Oka carbonatite (on the magnetic

tilt derivative, TDR).

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_006full.jpg

Within the North Ring, five major magmatic structures have been defined, organized broadly along the

NW-SE elongation axis of the carbonatite. These dykes are strongly magnetic owing to the presence of

altered ultra-alkaline rocks (okaite and ijolite-urtite) and of their biotite- and magnetite-bearing

carbonatite host. From north to south, they are the Husereau, Manny North, Manny, Bond and Central

Structure (S60-Wayfair Zone) dykes. The magnetic inversion sections clearly individualize the different

dykes observed at surface, establish their overall dip and suggest a possible connection between all of

these dykes at depth (800 metres and beyond).

Within these dykes, several secondary magnetic axes are frequently observed, probably reflecting

multiple injections, separated by weakly magnetic intercalations of carbonate rocks, essentially dolomitic

to the north and calcitic towards the centre of the carbonatite. These carbonates are generally strongly

altered (carbonatization, biotitization) and carry magnetite, apatite and traces of pyrochlore and

perovskite. It is in these carbonates that rare earth elements have been reported by various authors

(Nickel, GSC, 1958; Eby, N., 1974), as REE carbonates (ancylite, bastnäsite) and phosphates

(monazite), always cryptocrystalline and/or intergrown, and probably also as inclusions in other minerals

(strontianite and barite), with grades in selected samples ranging from 1.5 to 4% total rare earth oxides.

Beyond the carbonatite host of the REE, the work of Nelson Eby (1974) helped identify the ultra-alkaline

silicate rock facies showing the greatest relative REE enrichment, namely, in decreasing order, the

okaites, the ijolites and finally the metasomatic contact facies between the carbonatite and its host

rocks, which are often digested by the calcitic carbonatite (ultrafenites). Among the minerals sampled

and analyzed in these silicate facies, the highest REE and yttrium concentrations occur in apatite,

niocalite, perovskite and pyrochlore.

In the calcitic carbonatite (sövite) at the core of the North Ring of the Oka intrusion (S60, Bond and

Wayfair niobium deposits), at least four generations of pyrochlore have been identified (Proulx, A.,

2003), and at least two of these niobium-rich pyrochlore generations also carry a radioactive signature

(Th and U) and are REE-rich. Among the REE, cerium is present at high concentration levels (between

2.1 and 15.8% CeO). It is associated with pyrochlore (ceriopyrochlore) and the other niobium minerals

(niocalite, perovskite), as well as with apatite and monazite, the latter being relatively abundant in this

central part.

In summary, three types of REE mineralization have been distinguished: REE associated with niobium

minerals (pyrochlore, perovskite and niocalite), REE associated with phosphates (apatite, monazite and

britholite) and REE associated with carbonates (ancylite and bastnäsite).

There is a strong correlation between these REE minerals and the presence of thorium anomalies and,

to a lesser extent, uranium anomalies. The same correlation exists with the niobium minerals and has

been used since the earliest exploration work (magnetic-radiometric prospecting); however, Nb

₂

O

₅

grades at these locations proved generally low (<0.45%), yet it is at these locations that the REE

minerals were discovered with the grades described above.

Given the radioactive character of the REE minerals recognized in the Oka carbonatite, any

concentration of these minerals is therefore expected to carry a signature that is primarily magnetic and

radiometric, expressed as a Th anomaly and, to a lesser extent, a U anomaly.

Overall, the integration of the high-resolution magnetic and radiometric data with the historical geological

data on the Oka complex has contributed to the geometric and structural understanding of the intrusion. It

provides not only a fairly detailed image of the magmatic structures but also strategic tools for identifying

zones favourable to REE concentration.

On the basis of the integrated interpretation, the technical team recommends a nine-hole

reconnaissance diamond drilling program totaling approximately 4,460 metres in the North Ring (Figure

7), with the primary objective of intersecting significant REE concentrations and, secondarily, niobium.

Figure 7.

Location of the proposed drill holes on the magnetic tilt derivative (TDR) map.

To view an enhanced version of this graphic, please visit:

https://images.newsfilecorp.com/files/11015/314676_7a62d7eae4ef89af_007full.jpg

Bruno Dumais, President and Chief Operating Officer, commented, "For seventy years, Oka was drilled

for niobium without anyone being able to see the whole system at once. This survey gives us that picture.

The dykes that carry the niobium are the same structures the historical work tells us carry the rare earths,

and we can now follow them at depth. This survey, together with the IGS metallurgical study and ongoing

test work, will help better understand the REE potential of the property and develop safer processes

regarding local environment."

The Corporation's next steps include working with the local stakeholders towards obtaining an

authorization for impact-causing exploration work (ATI) (

autorisation pour travaux d'exploration à

impacts

) within the framework and guidelines established by the Quebec Ministry of Natural Resources

and Forests (

Ministère des Ressources naturelles et des Forêts

).

As such, the Corporation has

mandated GHD Environnement to provide guidance and assure transparency of communication

throughout this process.

The technical information in this news release has been reviewed and approved on behalf of the

Corporation by Pierre-Jean Lafleur, P.Eng., a geological consultant and a qualified person within the

meaning of National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Nio Strategic Metals