Mr. Patrick Cruickshank reports

NINE MILE METALS TO DRILL THE WEDGE PROJECT, BATHURST MINING CAMP, NEW BRUNSWICK

Nine Mile Metals Ltd. has received all necessary drill permits on its Wedge project southwest of the Brunswick No. 12 mine. Lantech Drilling has been engaged to drill these high-priority targets once it completes the current hole at Nine Mile Brook. The Lantech track mount rig mobilizes this coming Monday after a required break during the New Brunswick hunting season for the past three weeks.

The company has identified nine high-priority target areas in its western camp portfolio, the recently acquired Wedge project, which is located 20 kilometres southwest of the Brunswick No. 12 mine. In addition to the historic Wedge mine, the Cominco Wedge mine extension (never drill tested), the newly acquired Wedge North target, which completes the California Lake east trend, West Wedge and Tribag (representing a 4.5-kilometre VMS (volcanogenic massive sulphide) trend) and Lower 44 Mile Brook targets.

Discovered in 1956, the Wedge mine is located at the northern terminus of a strong magnetic linear. Between 1962 and 1968, the mine produced 1,503,000 tonnes grading (2.88 per cent copper, 0.65 per cent lead, 1.81 per cent zinc and 20.6 grams per tonne silver). McCutcheon et al. (2005) stated a historical measured resource of 545,200 tonnes (1.75 per cent copper, 1.71 per cent lead and 5.21 per cent zinc) to a depth of 274 metres. To the northwest, both the West Wedge and Tribag lie along the west flank of a similar magnetic anomaly near parallel to the one at the Wedge. At Tribag, trenching by Slam Exploration Ltd. in 2017 identified massive to strongly disseminated lead/zinc mineralization. At the West Wedge, previous drilling intersected 12.8 per cent zinc, 5.35 per cent lead, 0.78 per cent copper, 70.6 grams per tonne silver and 1.30 grams per tonne gold over 3.8 metres. The mineralization at both the West Wedge and Tribag occurs within the sediments and volcanics of the Spruce Lake formation of the California Lake Group.

"With previous drilling focused on known occurrences, the VMS mineralization at the Wedge project has considerable room for expansion. The favourable horizon is over five kilometres in length defined by anomalous base metal soil geochemistry and coincident zones of conductivity. We look forward to testing these high-priority targets," stated Gary Lohman, BSc, PGO, vice-president, exploration, and director.

The company's strategic acquisitions have now secured that Nine Mile owns the entire California East VMS trend (targets 6 and 8). The company believes the acquisition of claims over target 6 completes the strike extension of the mineralization intersected in the eight highly successful California drill hole results of 2022. The California East VMS trend is approximately three kilometres in length along a parallel trend to the rocks hosting the Canoe Landing Lake deposit to the east (33.8-million-tonne deposit). Target 2 is the Wedge mine extension that was identified and scheduled to drill by Cominco but never commenced. The company looks forward to testing the historic mine and intersecting the high-grade mineralization it has previously released. The entire Wedge VMS trend has been identified by EarthEx and its proprietary reprocessing algorithm technology. The trend is five kilometres in length.

Patrick J. Cruickshank, chief executive officer and director, stated: "Our strategic acquisitions now allow us to execute our exploration program without limitations. We now own the entire California East and Wedge VMS trends. We are excited to test these high-priority targets identified by our technology systems, and, now that the hunting season break is over, we are ready to get back to our fall drill program. We will also test the Wedge mine at depth and along trend the Cominco extension that Cominco identified and scheduled to drill but never executed. We are highly encouraged by our Wedge ore assays representing high-grade copper up to 29 per cent and lead/zinc up to 41 per cent previously reported. We continue to evaluate new technologies in the exploration space, the BMC has only 1 per cent outcrop and 99 per cent is subsurface hidden vertical deposits. Every 20 years, a new technology causes the discovery of many new deposits. Our technical team of professionals, including EarthEx and our AI [artificial intelligence] partner, are working to uncover the next signature for exploration successes in the BMC. [...] EarthEx proprietary technology has clearly identified the existing Canoe Landing Lake and the Wedge deposits in their processes and we are highly encouraged to test their newly identified targets.

"We look forward to our next news release sharing our progress."

The disclosure of technical information in this news release has been prepared in accordance with Canadian regulatory requirements as set out in National Instrument 43-101, Standards of Disclosure for Mineral Projects, and reviewed and approved by Gary Lohman, BSc, PGeo, director, who acts as the company's qualified person and is not independent of the company.

About Nine Mile Metals Ltd.

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

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