Mr. Patrick Cruickshank reports

NINE MILE METALS CLOSES OVERSUBSCRIBED NON FLOW THROUGH PRIVATE PLACEMENT

Nine Mile Metals Ltd. has closed the oversubscribed non-flow-through private placement financing. The company issued 12,142,174 units at a price of 1.5 cents per unit for proceeds of $182,132. The company's flow-through private placement is still open, with closing expected shortly.

Each unit consists of one common share of the company and one-half common share purchase warrant, with each warrant entitling the holder thereof to purchase one common share at a price of five cents for a period of 36 months.

The proceeds raised through the private placement will be used for general and administrative obligations. All securities issued in the private placement are subject to a four-month-and-one-day hold period.

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on critical minerals exploration (CME) and VMS (volcanogenic massive sulphide) (copper, lead, zinc, silver and gold) exploration in the world-famous Bathurst mining camp in New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: the Nine Mile Brook, California Lake, Canoe Landing Lake (East West) and Wedge VMS projects. The company is focused on critical minerals exploration (CME), positioning for the boom in EV (electric vehicle) and green technologies requiring copper, silver, lead and zinc, with a hedge on gold.

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 Gary Lohman, BSc, PGeo, vice-president, exploration, and a director, who acts as the company's qualified person and is not independent of the company.

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