Mr. Patrick Cruickshank reports

NINE MILE METALS FILES BULK SAMPLE PERMIT AND RECEIVES CONDITIONAL APPROVAL FOR ITS HIGH-GRADE LENS BULK SAMPLE PROJECT AT NINE MILE BROOK

Nine Mile Metals Ltd. has submitted and received conditional approval of its Nine Mile Brook lens bulk sample permit to the NB DEM (New Brunswick Digital Elevation Model) for the Nine Mile Brook lens bulk sample project.

Nine Mile Metals has received conditional NB DEM bulk sample permit approval pending submission of the Gemtec reclamation plan design, which is expected to be completed within a few days.

The Gemtec water, sediment and flow-testing baseline results report will be used to support the reclamation plan and has been submitted to the NB DEM.

Gemtec has completed and delivered the Nine Mile Brook bulk sample engineering site plan, in support of the permit process, which has been submitted to the NB DEM.

Nine Mile Metals has now contacted necessary program vendors for firm quote costs in support of the site plan and will define its cost-benefit analysis for the bulk sample program project.

Patrick J. Cruickshank, chief financial officer and a director, stated: "We are pleased to advance our Nine Mile Brook lens bulk sample program into the execution stage. Nine Mile has received conditional permit approval from the NB DEM pending final submission of its reclamation plan which we should receive from Gemtec in the next few days. We have reached out to our bulk sample excavation vendors of choice and are receiving firm costs and will be able to determine our project cost-benefit analysis. With our high ore grade and current mineral rock values, this is a significant financial return for Nine Mile Metals, and we're looking forward to our next update."

Gary Lohman, BSc, Geo, vice-president, exploration, and director, stated: "The team is very pleased with the site plan designed by Gemtec. In addition to good access, the overall footprint, at approximately 100 by 160 metres, is compact and utilizes previously excavated ground to minimize environmental disturbance. We look forward to receiving final permitting and commencing work in early 2024."

Kevin B. Hicks, director, stated: "Entering the execution phase of the Nine Mile Brook bulk sample project is a significant milestone for Nine Mile Metals. The net revenue associated with the completion of this project should place Nine Mile Metals on a solid financial footing for a significant period of time."

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, vice-president, exploration, and 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 (volcanogenic massive sulphide) (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 Wedge VMS project. 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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