Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES CERTIFIED ASSAYS OF 1.37% COPPER, 0.21% LEAD, 0.29% ZINC, 0.36 G/T GOLD, AND 19.02 G/T SILVER OVER 11.10 METERS, IN DRILL HOLE WD-24-01, INCLUDING 2.59% COPPER, 39.09 G/T SILVER, AND 0.69 G/T GOLD OVER 5.18 METERS AT THE WEDGE MINE PROJECT

Nine Mile Metals Ltd. has received certified assays for drill hole WD-24-01 at the Wedge mine project, situated in the renowned Bathurst mining camp (BMC) in New Brunswick.

WD-24-01 highlights:

• Drill hole WD-24-01 was collared on the southern flank of the Wedge mine deposit within the footwall sediments and drilled at an azimuth of 330 degrees and a dip of minus 45 degrees to a total depth of 165 metres.
• The drill hole successfully intersected three zones of visual sulphide mineralization: 26.76 to 53.16 metres, 69 to- 82 metres and 139 to 142 metres.
• The main copper zone intersected 11.10 metres (32.55 to 43.65 metres) assaying 1.37 per cent copper, 0.21 per cent lead, 0.29 per cent zinc, 19.02 grams per tonne silver and 0.36 g/t gold. This includes:
  • 8.18 metres of pyritic volcanogenic massive sulphide assaying 1.83 per cent Cu, 0.28 per cent Pb, 0.38 per cent Zn, 25.24 g/t Ag and 0.46 g/t Au;
  • 5.18 metres of pyritic VMS assaying 2.59 per cent Cu, 0.43 per cent Pb, 0.48 per cent Zn, 39.09 g/t Ag and 0.69 g/t Au.
• The copper equivalent for the main upper zone (26.76 to 53.16 metres) is 0.92 per cent Cu over 26.40 metres.
• Gold and silver mineralization coincides with the copper-rich VMS.

Patrick J. Cruickshank, MBA, chief executive officer and director, stated: "We are pleased to continue to report positive, new, unmined VMS mineralization at the Wedge mine project. We are continuing to test the target 1 area southeast of the mined deposit. This hole reports higher gold and silver assays, along with the increased copper concentrations. It is highly encouraging for the economic potential of these new zones to encounter nearly one g/t Au and over one ounce/ton Ag across a significant width. We are finding the zones of mineralization are either copper rich or zinc rich, but not both concurrently. We continue to receive assays from our completed phase 1 drill program; as these results correspond to a completed hole, we look forward to sharing the findings. The digitizing of the historical 276 holes previously drilled by Cominco is progressing and we will complete the 3-D modelling before phase 2 of the Wedge drill program begins. We will incorporate our nine completed holes in this program to complete the new modelling. We are devising our phase 2 advanced geophysics assessment of the area with our technical team and look forward to sharing the results before the spring season commences."

In the southern portion of the Wedge, footwall sediments consisting of sheared argillite with occasional graphite and sulphide clasts are visible at the surface. These sediments appear to serve as a marker horizon, often found in proximity to mineralization in the drill holes. VMS mineralization at Wedge occurs over extended intervals, with the most significant accumulations typically found at intersections between the felsic volcanics and sediments. In drill hole WD-24-01, sulphide mineralization is discontinuous, featuring individual bands of pyrite/pyritic up to 20 centimetres thick. This style of mineralization defines the lower zones found in the drill hole, with felsic volcanics found at depth. At this early stage, some common features are present, and with the completion of the 3-D model, the geological-structural controls on the mineralization should become more evident.

"Drill hole WD-24-01 was collared in the southern portion of the Wedge in the sheared footwall sediments. The mineralization consists of fine-grained massive pyritic VMS (95 per cent plus sulphides) in the upper zone. The upper contact is sharp. Two additional zones of mineralization were also intersected, returning elevated copper, lead and zinc, all of which further confirm the new potential of the system at the Wedge mine project," commented Gary Lohman, PGeo, vice-president, exploration and director.

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 VMS (Cu, Pb, Zn, Ag and Au) exploration in the renowned Bathurst mining camp (BMC), located 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 mine project. The company is focused on critical minerals exploration, positioning itself for the boom in electric vehicles and green technologies requiring copper, silver, lead and zinc with a hedge on gold.

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