Mr. Paul Jones reports

NUINSCO IDENTIFIES FURTHER EVIDENCE OF EXPANDED MINERALIZED DOMAINS AT PRAIRIE LAKE CRITICAL MINERALS PROJECT

Nuinsco Resources Ltd. has released the results of compiled geophysical results conducted on the company's Prairie Lake critical mineral and phosphate project located near Terrace Bay, Ont., which indicate the potential for expansion of the project's mineral resource estimate (MRE).

Highlights:

• Radiometric geophysical coverage demonstrates substantial anomalous terrain, continuous with the MRE;
• Recent geochemical sampling demonstrates strongly anomalous results extending north from the MRE and coincident with anomalous geophysical results;
• Other anomalous geophysical responses remain to be tested -- very positive implications for MRE expansion;
• Nuinsco will be attending the Prospectors and Developers Association Convention; come and visit the company at booth No. 2414B on March 5 and March 6 (Tuesday and Wednesday).

The historic radiometric surveys were conducted across the project, demonstrating strong and widespread anomalous responses. The results are particularly significant because of the coincident MRE and strongly anomalous results from recent surface sampling and implications for the expansion of mineralized domains. The project has amongst the world's highest-known light rare earth element content in apatite and contains a host of other rare-earth-element-bearing minerals; it also contains a significant endowment of niobium-bearing pyrochlore and phosphate mineralization. The current MRE is already a very large endowment of vitally important critical minerals that are in constantly expanding demand as the world's economies transition toward low-carbon emissions.

"Nuinsco continues to expand the potential scope of the Prairie Lake project. Strong geophysical anomalies coincident with the MRE are a clear indication of potential resource expansion elsewhere in Prairie Lake carbonatite complex underlain by similarly strong geophysical results," said Paul Jones, Nuinsco's chief executive officer. "The large, little-explored domain in the north of the complex is underlain by extensive geophysical anomalies and with strong geochemical results is an obvious target for additional exploration. However, geophysical responses occur propertywide -- speaking to the enormous opportunity that the Prairie Lake project represents. Given the current size of the MRE at the project, this possible further expansion is of enormous significance for the secure supply of critical minerals in North America and beyond."

The radiometric surveys were conducted across the extent of the complex. They demonstrate very strong and continuous responses across the western half of the complex. The MRE (see attached table) is closely associated with very strong radiometric responses in the southwest part of the complex. Comparable radiometric anomalies continue in a domain more than one kilometre long in the northwest and north parts of the complex; this area is little explored and not yet included in the MRE. The close association of the radiometric anomalies with the MRE and strong analytical anomalies is a clear indication of the effectiveness of the geophysics to predict the presence of mineralization of economic interest. The responses continue over the east side of the complex where they are more subtle because of extensive and locally deep overburden cover on that part of the property and where anomalous geochemical results have also been obtained. from pits and trenches.

Prairie Lake contains a large, well-located resource of critical minerals in North America. It is a potential source of elements needed for applications in transportation, power distribution, green technologies, and a host of other technologies and industries, including agriculture. Securing a reliable critical mineral supply chain is a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical mineral sector. The project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of:

• The towns of Marathon, Terrace Bay and other affected communities -- all able to supply a local, skilled work force;
• All-weather forest access road crossing the project and deposit;
• Paved Highway 17 and Highway 11 to the south and north;
• Canadian Pacific Railway and Canadian National Railway networks;
• High-capacity (230-kilovolt) electrical power transmission line;
• 50 kilometres from the Marathon deepwater port project; deepwater ports are also located at Thunder Bay and Sault Ste. Marie, able to handle ocean-going ships;
• The Marathon airport.

Laura Giroux, PGeo, chief geologist, acts as Nuinsco's qualified person under National Instrument 43-101. Ms. Giroux has reviewed and approved the technical contents of this news release.

About Nuinsco Resources Ltd.

Nuinsco Resources has over 50 years of exploration success and is a growth-oriented, multicommodity mineral exploration and development company focused on prospective opportunities in Canada and internationally. Currently, the company has the large multicommodity (phosphate, rare earth element, niobium and tantalum) Prairie Lake project near Marathon/Terrace Bay and the Zig Zag Lake property (lithium, tantalum) near Armstrong optioned to First Class Metals PLC and retains a net smelter return royalty on the Sunbeam gold property near Atikokan. In addition, Nuinsco has an agreement for gold exploitation at the El Sid project in the Eastern Desert of Egypt.

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