Mr. Patrick Cruickshank reports

NINE MILE METALS MAINTAINS WEDGE PROJECT OPTION WITH SECOND ANNIVERSARY PAYMENTS

Nine Mile Metals Ltd. has proceeded with its second-anniversary payment under its option to purchase 100 per cent of the Wedge project, dated Feb. 9, 2023, with Slam Exploration Ltd.

The company approved and paid the renegotiated cash payment of $9,000 and also authorized and issued the allotment of 200,000 common shares as part of the option agreement, with an additional one million common shares in lieu of a partial cash payment at a deemed price of 2.1 cents as fully paid and non-assessable to Slam, on Feb. 24, 2025. The common shares are subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of issuance of the shares.

The Wedge VMS (volcanogenic massive sulphide) project consists of 35.83 square kilometres, including the Wedge mine and the West Wedge and Tribag targets within the eight-kilometre Wedge VMS exploration trend.

The Wedge VMS trend hosts 2025 priority targets No. 3, No. 4 and No. 7 located over six kilometres west of the Wedge mine. The geophysics is complete, and the targets are modelled for the company's coming drill program.

Gary Lohman, PGeo, vice-president, exploration, stated: "Looking forward to getting back on the ground and drilling the West Wedge and Tribag targets. The drilling contract has been executed, and time frame will be mid- to late May, depending on road and water access from the normal winter snow melt runoffs. With VMS mineralization exposed in trenches at surface, above the target plates depicted in [...] targets B1, C1 to C4 and D1, the Tribag area has tremendous potential for a larger system at depth. The BMC VMS deposits can cluster in trends, such as Heath Steele, Halfmile and Stratmat deposits to the southeast."

About Nine Mile Metals Ltd.

Nine Mile Metals is a Canadian public mineral exploration company focused on critical mineral exploration VMS (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 mineral exploration, 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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