Mr. Patrick Cruickshank reports

NINE MILE METALS AMENDS PRIVATE PLACEMENT FINANCING

Nine Mile Metals Ltd. will amend the proposed private placement that it announced in the company's news release on Feb. 8, 2024.

The private placement will now consist of the sale of up to 4,166,666 units at a price of six cents per unit. Each unit will comprise one common share and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one common share in the capital of the company at a price of 10 cents per common share for a period of 24 months from the date of issuance.

The warrants will not have an acceleration clause as previously announced.

As previously announced, in consideration for their services in introducing subscribers to the company under the private placement, finders may receive commission of 8 per cent cash and 8 per cent common share purchase warrants, exercisable to purchase one common share at a price of 10 cents for a period of 24 months.

The company intends to use the proceeds for operating expenses, including legal and audit fees and general working capital.

All securities issued in the private placement 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) VMS (copper, lead, zinc, silver and gold) exploration in the world-famous Bathurst mining camp, New Brunswick, Canada.

We seek Safe Harbor.