Mr. Gary Lohman reports

NINE MILE METALS PROVIDES DRILLING UPDATE AT CALIFORNIA LAKE DRILL HOLE (CL23-10-01)

Nine Mile Metals Ltd. has provided an update on its current drill hole (CL23-10-01) at its California Lake volcanogenic massive sulphide project.

• Drill hole is currently at a depth of 433.3 metres, now targeting Lens A at a measured depth of 720 m.
• The azimuth and dip are monitored daily, the azimuth presently at 207 degrees and the dip flattened to 67 degrees. Nine Mile's calculations show it is still on target.
• Rocks intersected to date include felsic volcanics of the Flat Landing Brook formation which hosts numerous VMS mines and occurrences in the southern portion of the Bathurst mining camp (BMC), including the Stratmat and Headway VMS deposits.
• At depth, the felsic volcanics are well altered, the original host rock character locally obliterated by intense phengite alteration, a key alteration halo associated with VMS deposits.
• Rock alteration and mineralogy, indicative of high temperature, further confirm an active hydrothermal system was present during deposition.

Due to the length of this targeted drill hole, continued monitoring of the azimuth and dip is critical. Once the drill hole is collared, a gyro survey is conducted at every 30-metre interval recording both the azimuth and dip. The trajectory is then calculated and plotted to ensure the drill hole is within the company's target parameters. As required, a continuous gyro survey can be conducted, recording details at one-metre intervals, providing an accurate plot of the trajectory. In the event a severe deviation is detected, drilling can be modified to redirect the hole to target.

Geologists from the New Brunswick Department of Mines and Energy have reviewed the drill core and confirmed the presence of various members of the Flat Landing Brook formation, including sediments, rhyolites and accompanying phengite alteration. There were no surprises in the drill core and all rock types encountered are characteristic for this portion of the BMC.

Nine Mile Metals vice-president, exploration, and director Gary Lohman, BSc, PGO, stated: "The team is very pleased with progress to date. The Chapais drill team has been very diligent maintaining the trajectory of the hole while also providing excellent core recovery. Geologically, we are encouraged by the results to date, the host rocks relating very well to the classical model below, especially the intense alteration intersected which is associated with the Flat Landing Brook rhyolites."

Kevin B. Hicks, director, stated: "Drilling remains on track and the projected landing location at target depth remains well within our target radius. The drilling rate in metres per day will slow as we progress deeper in the hole due to core retrieval cycling and the hardness of the rock. Given the shallowing of the dip angle, our measured depth target has gone from 705 to 720 metres for a true vertical depth target of 675 metres. We look forward to next week and our continued drilling of this important hole on the tip of the California West VMS trend."

Drilling to date has intersected a variety of rock types, including a very distinct red sediment known to occur proximal to VMS mineralization at both the Ahearn Brook occurrence to the immediate north and the Stratchens Lake Brook occurrence to the west.

Below the red sediments, there are long sequences of felsic volcanics, a key component of the VMS model. At California Lake, the company has intersected wide sequences of rhyolite, including sections exhibiting intense phengite alteration. The alteration halo can be abrupt, accompanied by bleaching of the host rock.

Sequences of banded pyritic horizons up to five metres in width have also been noted in drill core attesting to a depositional environment. Base metal mineralization includes zinc associated within larger blebs of pyrite, confirmed with the X-ray fluorescence, and minor blebs of chalcopyrite (copper) within sections of iron-enriched (black) chlorite.

Although still above target depth, the geological sequences encountered in drill hole CL-23-10-01 are characteristic of a VMS environment. Locally intense hydrothermal alteration of the volcanics and high-temperature mineralogy are also positive indicators of a potentially productive VMS system at depth.

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 Mr. 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 minerals exploration (CME) VMS (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: 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 (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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