Mr. Patrick Cruickshank reports

NINE MILE METALS INTERSECTS 44 METERS OF COPPER MINERALIZATION AND PROVIDES DRILL PROGRAM UPDATE

Nine Mile Metals Ltd. has provided the details of drill hole WD-25-05 in addition to a summary of the 2025 drill program completed in December at the Wedge project.

Drill hole WD-25-05

DDH WD-25-05 collared on the same drill pad as WD-25-01 and drilled at an azimuth of 310 degrees and a dip of negative 60 degrees to a final depth of 275 metres.

• DDH-WD-25-05 was successful, intersecting massive VMS (volcanogenic massive sulphide) (Cu, Pb, Zn, Ag, Au) (copper, lead, zinc, silver, gold) mineralization between 155.52 to 157.80 metres followed by 40 metres of mineralized felsic volcanics (rhyolite) between 157.80 and 197.80 metres before terminating in sediments.
• Mineralization consisted of both pyrite and chalcopyrite as disseminations, masses and associated with quartz bands parallel to bedding.
• All drill core has been measured, logged, photographed, marked and cut for sampling at the company's warehouse in Bathurst, N.B. A quick XRF analysis was also completed for sulphide confirmation -- filtering and width identification in definition for sampling core for Actlabs Analysis. A total of 55 sections were delivered to ALS Global in Moncton, N.B., for base and precious metals analysis, including antimony.

Drill holes BHEM -01 and BHEM-02

Both drill holes were collared on permitted drill pads in the northwest along the western extension. The drill core for both BHEM-01 and BHEM-02 were solid with minimal faulting/fracturing in the host sediments providing ideal drill holes for surveying and subsequent follow-up. Collared outside of known mineralization, the holes are well positioned to locate and model adjacent mineralization with no interference from a conductive source within the drill hole. Both holes are capped and easily accessible, the drill pads available for extending drilling farther west and if required, additional depth.

Gary Lohman, vice-president of exploration, director, stated: "Our Wedge drill program has been very successful, intersecting massive Cu bearing VMS where targeted in the western extension of the Wedge deposit, as designed. Two holes were also drilled in the northwest area to facilitate an upcoming BHEM survey, their locations in solid rock on the flanks of previous underground workings. In addition to identifying additional mineralization, the size and scale of the individual geological units and results from the upcoming BHEM program will assist in modelling the deposit and targeting additional drilling along the western extension. After our successful drilling in the southern lower extension of the deposit, our knowledge of the deposit and mineralization has increased and identified new areas of priority that were not permitted for this past drill program. We have identified new drill collar locations to continue to test the Copper zone on the western extension in addition to potential locations that avoid the shear zone in the south. New permitting is under way in preparation of an exciting 2026 campaign at the Wedge, including our West Wedge and Tribag target trend drill programs."

2025 drill program overview

The program consisted of seven drill holes totalling 1,654 metres with five holes targeting copper mineralization in the western extension of the Wedge mine with two additional holes collared in the northwest to facilitate BHEM (borehole electromagnetic) surveying this spring. The goal is to map the depth of the deposit and define the new copper zone. The company should also be able to map the western parametres of the deposit, heading west toward the Tribag and West Wedge along trend.

The 2025 drill program was highly successful, with all five drill holes targeting copper mineralization intersecting both massive VMS (Cu, Pb, Zn, Ag, Au) and banded copper sulphide mineralization. The two holes collared to facilitate BHEM geophysical surveying were also successful, collared in the northwest portion of the western extension, away from the large, graphitic shear zone that bounds the deposit in the south and west of the interpreted extent of previous, underground workings. BHEM surveying has its best results when drilled away from the mineralization and the magnetic interference.

The five drill holes targeting mineralization were all collared in the southwest, crossing through a brecciated, graphitic shear zone (tectonic melange) before intersecting a well-defined massive VMS (Cu, Pb, Zn, Ag, Au) horizon. This is characteristic of the mineralized contact after which a sequence of intercalated sediments and volcanics are cut prior to the holes intersecting the main zone of VMS mineralization with mineralized widths between 13 and 48 metres.

The VMS mineralization consisted of abundant pyrite and lesser chalcopyrite, sphalerite, and galena. Local, secondary copper, covellite (CuS) and bornite (Cu5FeS4), was also identified in drill holes WD-25-02 and WD-25-04.

In the west, the metal zonation appears different than the drill holes completed in the east with the prevalence of a greater concentration of chalcopyrite and pyrite with lesser galena (Pb) and sphalerite (Zn). Although it is early in the process, the company confirmed the presence abundant chalcopyrite and coarser grained pyrite in the western extension.

The key observations in this program include:

• Graphitic shear zone in contact with VMS confirmed as a diagnostic marker horizon in the southwest.
• Mineralized siliceous volcanics were intersected in numerous drill holes, defining an additional, mineralized sequence.
• VMS mineralization occurs in multiple horizons as seen in holes WD-25-01 and WD-25-02.
• The intersected units (argillite, VMS and felsic volcanics) are of substantial width and extent which will assist in the 3-D modelling of the deposit and subsequent drill hole targeting.

Patrick J. Cruickshank, MBA, chief executive officer and director, stated: "We are thrilled with the success of our Wedge phase 2 drill program. To have all five holes strike mineralization was more than we expected. It is a testament to our technical team and, specifically, Mike Dufresne and Gary Lohman. We already have identified phase 3 drill holes and are determined more than ever to expand this deposit's footprint and expose this entire new third high-grade copper lens. In addition, the BHEM surveys, the phase 3 Wedge drilling, the TriBag and West Wedge drilling to test this VMS cluster trend, 2026 will be filled with Wedge project activity. We expect our first assays to arrive this week from ALS Global and look forward to sharing the results."

All drill core has been measured, logged, photographed, marked and cut for sampling at the company's warehouse in Bathurst, N.B. A quick XRF analysis was also completed for sulphide confirmation -- filtering and width identification in definition for sampling core for ALS Global. A total of 57 samples in hole WD-25-05 have been identified for base and precious metals analysis, including antimony, and have been shipped to ALSGlobal, Moncton, N.B., for rush processing.

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, PGO, vice-president of 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 world-famous Bathurst mining camp, New Brunswick, Canada. The company's primary business objective is to explore its four VMS projects: Wedge VMS project, Nine Mile Brook VMS project, California Lake VMS project and the Canoe Landing Lake (East -- West) VMS project. 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 with gold.

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