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Higher-Grade Nickel Sulphides Confirmed at Zeb Across Multiple Zones - Mineralisation Remains Open

Drill Results

Higher-Grade Nickel Sulphides Confirmed at

Zeb Across Multiple Zones - Mineralisation

Remains Open

Vancouver, British Columbia--(Newsfile Corp. - July 11, 2025) - ZEB Nickel Corp. (TSXV: ZBNI)

(OTCQB: ZBNIF) ("Zeb" or the "Company") is pleased to report assay results and geological

interpretations from a two-hole drilling programme at the Zeb Nickel Project in Limpopo, South Africa.

Drilled vertically, the holes validate the Zeb geological model, and confirms the presence of thicker,

higher-grade nickel-copper-PGE ("Ni-Cu-PGE") horizons beneath the historic open-pit resource and

demonstrates that mineralisation remains open both along strike and at depth.

Key Value Highlights

Two drillholes plus two deflections

completed intersected mineralised material in both Zone 1

and Zone 2.

Zone 2 Ni-Cu-PGE mineralisation confirmed

to be present in a previously untested area

beneath Zone 1, confirming the geological model.

Thicker, higher-grade intervals beneath the historical resource

Zone 2:

up to

2.27 m @ 0.27 % Ni, 0.17 % Cu, 2.27 g/t 3PGE+Au

and

4.06 m @ 0.23 %

Ni, 0.14 % Cu, 1.36 g/t 3PGE+Au

Zone 3:

up to

0.70 m @ 0.65 % Ni, 0.40 % Cu

within a broader

2.73 m @ 0.39 % Ni

Multiple semi-massive sulphide hits

confirm the geological model and strengthen the analogy

with world-class feeder conduit systems.

Mineralisation remains open

along strike and at depth, highlighting meaningful scale-up

potential for both tonnage and grade.

The Zeb mineral system is divided into four stacked horizons: Zone 1 forms the near-surface, bulk-

tonnage nickel-bearing unit of the Lower Uitloop body that underpins the historical Ni resource.

Zone 2, immediately beneath and adjacent to Zone 1, contains Ni-Cu-PGE mineralisation similar to that

found at Ivanhoe Mines's Platreef Mine and Valterra Platinum's (formally known as Anglo American)

Mogalakwena Mining Complex.

Zone 3 is a feeder-style ultramafic chonolith, the geometry of which was recently confirmed in an airborne

gravity and magnetic survey.

Zone 4 broadly encompasses areas of gold mineralisation intersected in drillholes.

Two holes (Z031 and Z033) where drilled, both at a vertical angle, and were designed to test the true

vertical depth of the mineralised sequences and test for down-dip continuity of Zone 2 beneath Zone 1.

Two deflections, Z031D1 and Z031D2, were drilled off Z031. No deflections were drilled off Z033.

Boreholes and deflections were drilled using a NQ core diameter size. The locations of these holes are

shown in Figure 1 below.

Boreholes Z031 and Z033 successfully intersected Ni and Ni-Cu-PGE mineralisation in Zones 1 and 2

respectively, while Z031 and its deflections also intersected what is interpreted as Zone 3 mineralisation.

The assay results confirm the presence of thick, higher-grade Ni-Cu-PGE mineralised intervals of

varying grade beneath the historical resource envelope and confirm the continuity of mineralisation in line

with previous intersections along strike.

Importantly, the data provides strong evidence that the Ni-Cu-PGE mineralisation in Zone 2 continues

below Zone 1 and may fully extend beneath Zone 1, meaning that the area holds increased potential to

host a significant Ni-Cu-PGE resource. This is shown in the cross sections in Figure 2 and Figure 3.

The boreholes also intersected Zone 3 semi-massive Ni-PGE sulphide mineralisation, further validating

the presence of semi massive to massive sulphides associated with the chonolith and supporting the

potential for a large, continuous magmatic system that hosts massive nickel sulphide, targets of which

were identified in the recent airborne magnetic and gravity survey.

Highlights of results

Zone 2

2.27 m @ 0.27 % Ni, 0.17 % Cu, 2.27 g/t 3PGE+Au

*including 0.77 m @

0.31 % Ni, 0.18 % Cu, 2.19 g/t 3PGE+Au

(346.23 - 348.50 m; Z031D1).

4.06 m @ 0.23 % Ni, 0.14 % Cu, 1.36 g/t 3PGE+Au (342.44 - 346.50 m; Z031D0)

*including 1.56 m @

0.30 % Ni, 0.18 % Cu, 1.72 g/t 3PGE+Au.

Zone 3

1.03 m @

0.60 % Ni, 0.14 % Cu, 0.57 g/t 3PGE+Au

(330.97 - 332.00 m; Z031D0).

0.70 m @

0.65 % Ni, 0.40 % Cu, 0.36 g/t 3PGE+Au

within 2.73 m @ 0.39 % Ni (338.53 - 341.26

m; Z031D0).

The mineralised zones remain open both along strike and at depth, and the geological model proposes

that further down-dip drilling may intersect significantly higher-grade Ni-Cu-PGE mineralisation. This

interpretation is supported by analogous mineralisation styles and grades observed at neighbouring

world-class deposits, including Ivanhoe Mines' Platreef Project and Valterra Platinum's Mogalakwena

Mining Complex.

Of particular significance is the consistent intersection of semi-massive sulphide mineralisation

associated with Zone 3 in the central part of the Uitloop body, where a potential chonolith structure may

link the Uitloop I and II bodies. This is an exciting development, as such a chonolith could host a larger,

more continuous sulphide accumulation due to its structural setting and potential to channel enriched

magmatic pulses during emplacement and develop a Ni-PGE rich massive sulphide.

Figure 1:

Location of the boreholes overlain on the geological map of the project area. Assay results

are from the two boreholes shown in bold (Z031D0 and Z033D0), while the other labelled boreholes are

included in the cross-sections shown in Figure 2 below.

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

https://images.newsfilecorp.com/files/7682/258523_9a1a3ef954045b55_001full.jpg

Table 1:

Newly reported Assay Results from Z031 and Z032.

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

https://images.newsfilecorp.com/files/7682/258523_9a1a3ef954045b55_002full.jpg

*3PGE+Au equals platinum + palladium + rhodium + gold by fire assay with ICP-AES Finish;

^Total Ni assay by complete digestion, representing the silicate and sulfide portion of Ni;

Additional drilling is required to determine true thickness;

"Depth From", "Depth To" and "Sample Thickness" reported are depths from surface down the drill hole.

Figure 2:

Cross-section along lines A – C demonstrating the continuity of Ni-Cu-PGE mineralisation

within Zone 2 beneath the Lower Uitloop body.

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

https://images.newsfilecorp.com/files/7682/258523_9a1a3ef954045b55_003full.jpg

Figure 3:

Cross-section along lines A – B demonstrating the continuity of Ni-Cu-PGE mineralisation

within Zone 2 beneath the Lower Uitloop body. The central portion of the section highlights consistent

intersections of semi-massive Ni-PGE mineralisation. Notably, historical boreholes Z03 and Z017 were

terminated prematurely, before intersecting the full extent of the Ni-Cu-PGE mineralised package.

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

https://images.newsfilecorp.com/files/7682/258523_9a1a3ef954045b55_004full.jpg

Photographs of the sulphide mineralisation are shown in Figure 4, which demonstrates that the

mineralising systems are working in line with the geological model and that the area holds significant

potential for further Ni-Cu-PGE mineralisation.

Figure 4:

The photographs illustrate examples of blebby to semi-massive sulphide mineralisation

intersected during the recent drilling program. (A) and (B) show coarse blebby sulphides composed of

pyrrhotite, pentlandite, and chalcopyrite from borehole Z031D0. (C) displays a semi-massive, net-

textured sulphide zone dominated by the same sulphide assemblage, with an assay grade of 0.59 g/t

3PGE+Au and 1.00% Ni over a 0.56 m interval.

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

https://images.newsfilecorp.com/files/7682/258523_9a1a3ef954045b55_005full.jpg

The Company commented:

These results validate our geological model and confirm that Zeb Nickel has the scale and grade to

become a significant critical-metal asset. With mineralisation open in multiple directions, and several

exciting targets identified from the recent airborne magnetic and gravity survey, we are as excited as

ever about the growth runway ahead and look forward to updating the market on further exploration

plans.

About the Company and Project

Zeb Nickel Corp is focused on exploring for and developing world-class mineral deposits, with a focus

on metals that are critical in the production of rechargeable batteries, such as nickel, graphite, lithium,

cobalt, manganese, copper and aluminum. The Company is currently focused on developing its flagship

Zeb Nickel Project, located in Limpopo, South Africa. The Zeb Nickel Project is a developing Class 1

nickel sulfide project strategically located in the Bushveld Complex in South Africa.

On behalf of the Board of Directors,

James Nieuwenhuys

Chief Executive Officer and Director,

Zeb Nickel Corp.

Email:

[email protected]

Company Website:

www.zebnickel.com

Cautionary Note Regarding Forward-Looking Statements

This press release contains "forward-looking information" and "forward-looking statements" (collectively,

"forward-looking statements") within the meaning of applicable Canadian securities legislation. All

statements in this release, other than statements of historical fact, are forward-looking statements,

including but not limited to: interpretations of geophysical data, the potential extension and connectivity of

ultramafic bodies, the existence and extent of a feeder or plumbing system, the significance of magnetic

and gravity anomalies, statements regarding the potential for massive Ni-Cu-PGE sulphide

mineralisation, the planned re-processing and interpretation of geophysical data, the intention to

delineate drill targets in Zone 2 and Zone 3, the objective of declaring a higher-grade maiden NI 43-101

compliant mineral resource, and the broader development strategy of the Zeb Project.

Forward-looking statements are based on a number of assumptions believed by management to be

reasonable at the time such statements are made, including but not limited to: the accuracy of the

Company's interpretation of geophysical and geological data, the availability of financing on reasonable

terms, the ability to obtain necessary regulatory approvals in a timely manner, the results of planned

exploration activities, and assumptions regarding market conditions and commodity prices.

Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that

may cause actual results, performance or achievements to differ materially from those expressed or

implied by such statements. These risks and uncertainties include, but are not limited to: fluctuations in

commodity prices, the outcome of current and future exploration and drilling programs, capital and

operating costs varying significantly from estimates, the ability to secure financing and maintain access

to capital markets, delays or inability to obtain necessary permits, approvals or licences, political and

regulatory risks, environmental risks, and other risks related to mineral exploration and development.

There can be no assurance that such statements will prove to be accurate, and actual results and future

events may differ materially from those anticipated. Readers are cautioned not to place undue reliance

on forward-looking statements. All forward-looking statements contained in this press release are made

as of the date hereof, and the Company undertakes no obligation to update publicly or revise any

forward-looking statements, whether as a result of new information, future events or otherwise, except as

required by applicable securities laws.

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/258523