Mr. John Gomez reports

INOMIN EXPANDS BEAVER-LYNX CRITICAL MINERALS PROJECT

Inomin Mines Inc. has acquired 2,836 hectares through staking to expand its Beaver-Lynx critical minerals project (magnesium/nickel/chromium/cobalt) property to 25,292 hectares.

Large West zone target

The largest area acquired, called the West zone, is 1,927 hectares and is adjacent to Taseko's Gibraltar copper-molybdenum mine property, the second-largest open-pit copper mine in Canada.

The West zone was acquired to cover a prominent 3.5-kilometre-by-3.5-kilometre airborne magnetic target. This new area is the largest exploration target at Beaver -- about three times the size of the South zone -- where Inomin made a magnesium-nickel-chromium discovery last summer (see Sept. 19, 2023, news release).

Inomin considers the West zone to be an important exploration target as every magnetic target at Beaver drilled to date has discovered near-surface magnesium and nickel mineralization as well as other minerals, including chromium and cobalt.

A 177-hectare area at the southern end of Beaver property was acquired to access a water source for drilling.

Like the West zone, a 731-hectare new claim at Lynx covers two discrete anomalous airborne magnetic targets on the outside rim of a 10-kilometre-wide caldera, ring-shape structure.

"The West zone is a considerable target with the potential for discovery of a seventh magnesium-nickel-dominant system at Beaver," said John Gomez, president of Inomin. "Given our drilling success at Beaver, we look forward to exploring this compelling target."

Investment in Canadian nickel projects

In the past two years, there has been increasing investment interest in Canadian nickel projects, particularly large, low-grade deposits with carbon capture opportunities. Of note is battery maker Samsung SDI's investment in Canada Nickel announced earlier this month. Other Canadian nickel project deals involve Sumitomo Metal Mining, Agnico Eagle and Mitsubishi Corp.

Similar to projects attracting major financing, Inomin's Beaver-Lynx has the potential to be prospective for a district-scale, bulk-tonnage nickel-magnesium project, amenable to low-carbon mining.

The company has recently had discussions with potential project partners seeking large-scale critical mineral projects in Tier 1 jurisdictions.

About Beaver-Lynx critical mineral project

The Beaver-Lynx property, comprising approximately 25,000 hectares, is ideally located in south-central British Columbia, 50 kilometres from the city of Williams Lake and just eight kilometres east of the Gibraltar mine, a large, open-pit mining operation grading approximately 0.27 per cent copper equivalent. Beaver-Lynx is easily accessible by good all-season roads and is close to hydroelectric power as well as active railway lines. Inomin owns a 100-per-cent interest in the project with no encumbrances.

Drilling programs at Beaver have delineated six large zones containing high-grade magnesium and other critical minerals, primarily sulphide nickel as well as chromium and cobalt. Numerous targets exist that have yet to be drill tested.

Conference participation

Inomin will be participating at the following investor-industry events:

• Vancouver Resource Investment Conference (booth No. 223), Vancouver, B.C. -- Jan. 21 to Jan. 22, 2024;
• PDAC (booth No. 2751), Toronto, Ont. -- March 5 to March 8, 2024.

Inomin Mines director L. John Peters, PGeo, a qualified person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects, has reviewed and approved the technical information in this news release.

About Inomin Mines Inc.

Inomin Mines is focused on the identification, acquisition and exploration of mineral properties with strong potential to host significant resources, especially critical minerals, as well as gold and silver projects. Inomin trades on the TSX Venture Exchange under the symbol MINE.

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