Mr. Paul Davis reports

EV NICKEL REPORTS SIGNIFICANT HIGH-GRADE INTERSECTION OF 34.60M GRADING 1.06% NICKEL AT LANGMUIR NO. 2

EV Nickel Inc. has found a strong high-grade nickel intercept from its 2026 diamond drilling program at the Langmuir No. 2/Langmuir South project, located near Timmins, Ont.

• EV26-L08 intersected 34.60 metres grading 1.06 per cent Ni (nickel), including 13.70 m grading 1.76 per cent Ni, 5.60 m grading 3.00 per cent Ni;
• Intercept confirms down plunge extension of high grade nickel sulphides at Langmuir No. 2;
• All three holes on Langmuir South zone intersect significant nickel mineralization;
• Holes L06 and L07 intersect additional high-nickel tenors sulphides associated with Langmuir South.

Drill hole EV26-L08 intersected 34.60 metres grading 1.06 per cent nickel, including 13.70 metres grading 1.76 per cent nickel and 5.60 metres grading 3.00 per cent nickel, confirming the down-plunge extension of high-grade nickel sulphide mineralization at the Langmuir No. 2 zone.

The 2026 spring exploration program comprised four diamond drill holes totalling 1,772 metres, targeting both the Langmuir South zone and extensions of mineralization below and along strike from the historic Langmuir No. 2 mine.

Drill hole EV26-L08 was specifically designed to test the down-plunge continuity of the main high-grade nickel sulphide zone. The hole successfully intersected the mineralized system beneath historic mine workings, with mineralization consisting of disseminated to semi-massive sulphides associated with the basal contact of a peridotitic host unit.

"The high-grade nickel intercept in EV26-L08 represents one of the best nickel intercepts I have drilled in my exploration career," said Paul Davis, vice-president of exploration. "The Langmuir No. 2 and Langmuir South projects have the potential to host a significant deposit of high-grade nickel sulphides and represent an excellent near-term mining opportunity. This could provide a new domestic source of Class 1 nickel into Canada's supply chain. When coupled with our advancing bioleach processing program, EVNi is well positioned to produce battery-grade products such as nickel MHP and nickel sulphate for the North American EV market."

The Langmuir No. 2 project benefits from existing historical mining infrastructure, including a capped 440-metre-deep shaft and associated underground development largely situated within EV Nickel's property boundaries. Historical records indicate that, prior to closure in 1978, the Langmuir No. 2 mine hosted approximately 600,000 tons averaging 1.45 per cent nickel. This historical estimate is considered relevant; however, a qualified person has not completed sufficient work to classify it as a current mineral resource or reserve, and the company is not treating it as such.

Results from the broader drill program continue to support the presence of a robust nickel system across both Langmuir No. 2 and Langmuir South, with all holes intersecting significant mineralization and demonstrating strong continuity of high-grade zones.

The company will model and interpret these excellent exploration results and design a follow-up exploration program to begin to determine the overall potential size and grade of the Langmuir No. 2 and Langmuir South zones. The timing and scope of the next phase will be developed over the coming months with an objective to effectively advance the project.

Core handling and assay -- QA/QC (quality assurance/quality control) procedures

NQ Drill core samples from EV Nickel drilling program on the Geminin North zone forming part of the Shaw Dome project were sawn in half at the core logging facility located near the Shaw Dome project with one-half being retained and the other half bagged and transported to Activation Laboratories Ltd. (Actlabs) in Timmins for preparation and analysis. Samples, along with certified standards and blanks, that are included by the company for quality assurance and quality control, were prepared and analyzed at the laboratory. At Actlabs, samples are crushed to 80 per cent passing two millimetres. A riffle split is pulverized to 95 per cent passing 105 micrometres. Nickel, copper, cobalt, iron and sulphur are analyzed by peroxide fusion with an ICP-OES finish, and gold, platinum and palladium are analyzed by fire assay with an ICP-OES finish. These and future assay results may vary from time to time due to reanalysis for quality assurance and quality control.

Qualified person

The company's projects are under the direct technical supervision of Paul Davis, PGeo, and vice-president of the company. Mr. Davis is a qualified person as defined by National Instrument 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

About EV Nickel Inc.

EV Nickel's mission is to provide the world with clean nickel from Tier 1 jurisdictions. The company's projects are located within 30 kilometres of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets and an important emerging critical mineral district for the North American efforts to bring on shore the full vertical integration of electric batteries and vehicles.

EV Nickel aims to play an integral part of the North American on-shoring initiative as the company's clean, low carbon deposits can be an important source of supply to support the Inflation Reduction Act (IRA), and Ontario and federal policies and initiatives which strive to bring clean critical mineral production from Canada into the North American supply chain and globally.

In further support of this initiative, the company has and will continue to partner with environmentally responsible and ethical organizations from around the province and around the world to assist in developing these essential critical minerals. EV Nickel is also eager to collaborate with all stakeholders and leading sustainable engineering, mining, automotive, and battery companies to provide this key input to support global decarbonization initiatives. The governments of Ontario and Canada are also providing significant legislative, policy and financial support to help ensure that the Timmins region becomes a leading participant in the developing North American supply chain for the clean transition energy.

We seek Safe Harbor.