Mr. Charles MaLette reports

NINE MILE METALS COMPLETES CONVERTIBLE LOAN FINANCING

Nine Mile Metals Ltd. has closed its convertible loan financing for a total of $201,000.

The convertible loans have a term of 12 months from the closing and bear interest at 15 per cent per annum, calculated and payable on the maturity date. Convertible loan proceeds will be used for advancing the bulk sample program on the Nine Mile Brook project and general working capital. The loans will be convertible at the election of each of the 19 lenders as of the maturity date at a price of 10 cents per unit. Each unit will comprise one common share and one common share purchase warrant and each warrant will be exercisable at 10 cents per share for a period of 24 months.

The company's president, Charles MaLette, participated as a lender of $25,000 of the total loan amount. Cash of $10,400 and 104,000 warrants were received by Research Capital Corp. as a finder's fee for the convertible loan.

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, positioning for the boom in electric vehicle and green technologies requiring copper, silver, lead and zinc with a hedge with gold.

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