Mr. Charles MaLette reports

NINE MILE METALS CLOSES ACQUISITION OF ADDITIONAL 5.06 SQ KMS OF STRATEGIC CLAIMS ADJACENT TO ITS CALIFORNIA LAKE VMS PROJECT

Nine Mile Metals Ltd. has acquired the 23 new claim units previously disclosed in the company's press release dated Sept. 19, 2023. The company has issued a total of 550,000 common shares in exchange for the claims, which are subject to the four-month legend. In addition to the claims, there is a 2-per-cent net smelter royalty (NSR) on the claims derived from metallic mineral production. The company has the right to purchase 50 per cent of the 2-per-cent NSR from the vendors for $1-million at any time prior to commencement of commercial production. The vendor is at arm's length from the company.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on critical minerals exploration (CME) volcanogenic massive sulphide (copper, lead, zinc, silver and gold) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: Nine Mile Brook VMS; California Lake VMS; Canoe Landing Lake (East-West) VMS; and the new Wedge VMS projects. The company is focused on critical minerals exploration (CME), positioning for the boom in electric vehicles and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

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