Mr. Patrick Cruickshank reports

NINE MILE METALS ANNOUNCES KINDRED COMMUNICATION INVESTOR RELATIONS CONSULTING AGREEMENT, GRANTS STOCK OPTIONS, AND MAKES ANNIVERSARY OPTION PAYMENT ON CALIFORNIA LAKE PROJECT

Nine Mile Metals Ltd. has entered into a consulting services agreement dated April 5, 2024, with Kindred Communications Inc. to support Nine Mile's investor relations activities.

The consulting agreement will have an initial three-month term, starting on the day of this announcement, following which the parties will operate on a month-to-month basis with a 60-day cancellation notice required to terminate. Kindred will provide the company with social media management on the company's accounts on Facebook, X, YouTube, LinkedIn and Instagram, and may create new social media accounts for the company, content creation, news release consultation and dissemination, including regulatory filings and updating the company's website to share the company's story with the investor audience.

During the three-month term of the consulting agreement, the company will pay Kindred $4,000 per month in arrears. Additionally, Kindred was granted 200,000 stock options. The options will vest immediately and may be exercised at an exercise price of 10 cents per share until the earlier of 24 months, the cessation of services by Kindred to the company, or otherwise in accordance with the company's incentive stock option plan.

Other than the stock options described herein, Kindred Communications does not have any interest, directly or indirectly, in Nine Mile or its securities, or any right or intent to acquire such an interest.

Stock options granted

The company also announces that it has granted 1.3 million stock options to directors and officers, and 200,000 stock options to another consultant of the company. The options will vest immediately and may be exercised at an exercise price of 10 cents per common share, for a period of five years from the date of issuance or earlier in accordance with the company's incentive stock option plan.

Following the grant of stock options, the company now has a total of 7.25 million stock options representing 9.9 per cent of the outstanding common shares of the company.

California Lake anniversary option payment

The company also announces that it has made payments under its option to purchase 100 per cent of California Lake and Canoe Landing Lake East mineral projects, dated April 25, 2022. The property option and payments were previously announced on April 26, 2022.

The company has issued 333,334 common shares at a deemed price of 7.5 cents per share, in accordance with the property option. The optionors and the company have agreed to convert the $30,000 cash payment owing under the property option to 400,000 common shares at a deemed price 7.5 cents per share.

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

Kindred is entirely arm's length to the company. Kindred may be contacted at 1221 Homer St., Vancouver, B.C., V6B 1C5, +1.587.433.0968, courtney@kindredir.com.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on VMS (volcanogenic massive sulphide) (Cu, Pb, Zn, Ag and Au) (copper, lead, zinc, silver and gold) 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: Nine Mile Brook VMS project, 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 EV (electric vehicle) and green technologies requiring copper, silver, lead and zinc with a hedge on gold.

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