Mr. Patrick Cruickshank reports

NINE MILE CONTINUES CALIFORNIA LAKE AND CANOE LANDING LAKE EAST OPTION WITH SECOND ANNIVERSARY PAYMENTS

Nine Mile Metals Ltd. 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 option and payments were previously announced on April 26, 2022.

On April 18, 2024, the company issued 733,334 common shares at a deemed price of 7.5 cents per share, in accordance with the option. As previously announced (refer news April 5, 2024), the optionors and the company agreed to convert the $30,000 cash payment owing under the 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.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on VMS (volcanogenic massive sulphide) (copper (Cu), lead (Pb), zinc (Zn), silver (Ag) and gold (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: Nine Mile Brook VMS project, California Lake VMS project, the Canoe Landing Lake (East-West) VMS project and the Wedge VMS 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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