Power Nickel Update -Following up on 2024 Drill Successes, Expanding Exploration Target Areas, and Announcing a New Discovery 700 Metres East of The Lion Zone

Core Viewpoint - Power Nickel Inc. has commenced its 2025 winter drill campaign at the Nisk project, focusing on the Lion zone to explore depth extensions following successful high-grade mineral discoveries in 2024 [1][3]. Exploration Plans - The 2025 exploration campaign will utilize three drills by mid-February, with the first drill targeting depth and strike extensions of the Lion deposit, while the other two will explore a 5.5 km strike between Nisk and Lion that has not been drilled before [3][4]. - A geophysicist has been retained to analyze borehole and ground EM surveys from 2024 to identify new drill targets for the upcoming campaign [4]. Recent Discoveries - A new discovery, PN-24-094, was made in late 2024, revealing massive sulphides with strong indications of nickel, located 700 meters east of the Lion deposit [5]. - Significant assay results from previous drilling include: - PN-24-047: 14.40m of 8.15% Cu, 6.23 g/t Pd, 8.40 g/t Pt, 68.9 g/t Ag, 0.59 g/t Au, and 0.58% Ni - PN-24-070: 32.00m of 3.62% Cu, 8.10 g/t Pd, 2.47 g/t Pt, 20.9 g/t Ag, 0.45 g/t Au, and 0.18% Ni [6][8]. Project Overview - The Nisk property encompasses a significant land position with a 20-kilometer strike length, focusing on high-grade nickel-copper PGM, gold, and silver mineralization [10][11]. - Power Nickel aims to develop the Nisk project into Canada's next polymetallic mine, having acquired an option to obtain up to 80% of the project from Critical Elements Lithium Corp. [10].