CORRECTION FROM SOURCE: EV Nickel Announces Maiden Mineral Resource Estimate for Gemini North Nickel Zone

Core Insights - EV Nickel has announced a maiden mineral resource estimate for the Gemini North Nickel Zone, part of its Shaw Dome Project, indicating significant nickel resources with a total of 93.5 million tonnes averaging 0.23% Ni [1][2] - The resource estimate includes 9.5 million tonnes of Indicated Resources at 0.27% Ni and 84 million tonnes of Inferred Resources at 0.22% Ni, containing 56 million pounds and 411 million pounds of nickel respectively [1][2] - The company plans to file a Technical Report supporting the Mineral Resource Estimate on SEDAR+ within 45 days [1] Resource Details - The Gemini North Zone contains a potential Pit Constrained Starter Zone of 25.5 million tonnes grading 0.27% Ni and 0.34% S, which consists of both Indicated and Inferred Resources [1] - The Mineral Resource Estimate is effective as of February 26, 2026, and was derived from a diamond drilling program consisting of 23 holes totaling 6,682 meters [1][2] - The estimate demonstrates the potential for multiple large-scale deposits along the CarLang Trend, which could support a centralized processing plant [1] Exploration and Future Potential - The Gemini North Nickel Zone is open along strike and at depth, with further exploration expected to enhance the resource estimates [1][2] - The company aims to maximize the economic value of the deposit by focusing on higher-grade nickel and sulphur portions of the mineralization [1] - The overall CarLang C target area is significantly larger than the current resource estimate, indicating substantial potential for resource expansion [1][2] Technical and Quality Assurance - The Mineral Resource Estimate was prepared following NI 43-101 standards, with Dr. Scott Jobin-Bevans serving as the independent Qualified Person [1][2] - The drilling data and assay results were validated through industry-standard QA/QC procedures, ensuring the reliability of the resource estimates [2]