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ZBNI.V ·

Integrated Environmental Authorisation Granted to Zeb Nickel Project

Permits & Approvals

Integrated Environmental Authorisation

Granted to Zeb Nickel Project

Vancouver, British Columbia--(Newsfile Corp. - August 20, 2024) - ZEB Nickel Corp. (TSXV: ZBNI)

(OTCQB: ZBNIF) ("Zeb" or the "Company") is pleased to announce that the South African Department of

Minerals and Petroleum Resources (DMPR), formerly known as the Department of Mineral Resources

and Energy, has granted an Integrated Environmental Authorisation under the National Environmental

Management Act (NEMA) (Act 107 of 1998) and the Environmental Impact Assessment Regulations

(2014) for the Zeb Nickel Project (the Project) located in Limpopo Province, South Africa. This

authorization marks a significant milestone in the process of obtaining Zeb's mining right, which will

permit the extraction of nickel, copper, platinum-group metals, gold, chrome, cobalt, vanadium, and iron

ore for a period of 30 years from the date of issuance.

The Company was granted the Integrated Environmental Authorisation and was instructed to notify all

Interested and Affected Parties (I&APs) of the DMPR's decision in writing within 14 days of receiving it,

in accordance with the Environmental Impact Assessment Regulations. Consequently, the Company sent

out a notification to all interested and affected parties. Those wishing to appeal any aspect of the

decision were given 20 calendar days from the date of notification to submit an appeal to the Minister of

Forestry, Fisheries, and Environment and to send a copy of the appeal to the DMPR. The appeal period

has now concluded. The receipt of the Integrated Environmental Authorisation marks a significant

milestone for the project, concluding a phase that lasted more than four years. The Environmental Impact

Assessment (EIA) process required 16 expert specialists to conduct various environmental studies in

and around the project area. The granting of the Integrated Environmental Authorisation will allow the

Project to undertake the various listed activities in the Project's approved EIA and as specified by the

DMPR, and as further listed in the National Environmental Management Act 107 of 1998 (NEMA) EIA

and National Environmental Management: Waste Act 59 of 2008 (NEMWA) EIA.

This authorisation is a critical approval that allows the Company to proceed with the ultimate

development of a mine on the Zeb Nickel Project, ensuring that all environmental impacts have been

thoroughly assessed and mitigated in accordance with national and international standards. The

authorisation covers various aspects of environmental management, including air quality, water and

waste management, and biodiversity protection. The Project now awaits the approval and granting of the

mining right from the DMPR, the final regulatory approval required for the project to commence with

mining activities.

The Company's strategic objectives to increase the overall nickel grade and improve the economics of

the project remain in place. This will be achieved by further drilling, targeting the higher grade lower

geological units recently identified in Zone 1, as well as the entirety of Zone 2, located beneath and

adjacent to Zone 1, where higher nickel grades and additional copper and platinum-group mineralisation

are present.

"We are thrilled to receive this authorisation, which is a testament to our dedication to environmental

responsibility. Our team has worked diligently to ensure that the Zeb Nickel Project meets all

regulatory requirements and contributes positively to the local community and environment. Zeb

Nickel has engaged in extensive consultations with local communities, stakeholders, and

environmental experts throughout the application process. The company remains committed to

maintaining transparent communication and collaboration with all relevant parties as the project

moves forward. Zeb Nickel Corp. acknowledges the support and cooperation of the

Department of

Minerals and Petroleum Resources

(DMPR), local communities, and environmental organizations that

contributed to achieving this authorisation. We look forward to continuing our work in the project area

and ensuring that the Zeb Nickel Project is developed in an environmentally responsible manner,"

commented Anthony James Nieuwenhuys, Chief Executive Officer and Director.

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. The Zeb Project

Contains a historical NI 43-101 compliant resource over 3.9 million tons of contained sulfide nickel,

ranking it number 8 in the global top ten nickel sulfide resources (Mudd, G. M., & Jowitt, S. M. (2014). A

detailed assessment of global nickel resource and trends and endowments. Economic Geology, 109(7),

1813-1841).

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 certain information that may constitute "forward-looking information" under

applicable Canadian securities legislation. Forward-looking information includes, but is not limited to,

drill results relating to the Zeb Project, the potential thereof, timing of economic studies and mineral

resource estimates, the ability to classify the historical resource as a current mineral resource, the ability

to sell marketable materials, strategic plans, including future exploration and development results, and

corporate and technical objectives. Forward-looking information is necessarily based upon a number of

assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,

and other factors which may cause the actual results and future events to differ materially from those

expressed or implied by such forward-looking information. Factors that could affect the outcome include,

among others: future prices and the supply of metals, the future demand for metals, the results of drilling,

inability to raise the money necessary to incur the expenditures required to retain and advance the

property, environmental liabilities (known and unknown), general business, economic, competitive,

political and social uncertainties, results of exploration programs, risks of the mining industry, delays in

obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact

of COVID-19 related disruptions in relation to the Company's business operations including upon its

employees, suppliers, facilities and other stakeholders. There can be no assurance that such information

will prove to be accurate, as actual results and future events could differ materially from those anticipated

in such information. Accordingly, readers should not place undue reliance on forward-looking

information. All forward-looking information contained in this press release is given as of the date hereof

and is based upon the opinions and estimates of management and information available to

management as at the date hereof. The Company disclaims any intention or obligation to update or

revise any forward-looking information, whether as a result of new information, future events or otherwise,

except as required by law.

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

https://www.newsfilecorp.com/release/220597