Mr. Patrick Cruickshank reports

NINE MILE CONTINUES WEDGE PROJECT OPTION WITH FIRST ANNIVERSARY PAYMENTS

Nine Mile Metals Ltd. has made payments under its option to purchase 100 per cent of the Wedge project, dated Feb. 9, 2023, with Slam Exploration Ltd. The option and payments were previously announced on Feb. 16, 2023.

The company has issued 200,000 common shares at a deemed price of eight cents per share, in accordance with the option. Slam and the company have agreed to convert the $20,000 cash payment owing under the option to units as part of the company's recently announced private placement.

All securities issued will be subject to a four-month-and-a-day hold period.

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 its new Wedge VMS projects. The company is focused on critical minerals exploration, 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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