Mr. James Nieuwenhuys reports

HIGHER-GRADE NICKEL SULPHIDES CONFIRMED AT ZEB ACROSS MULTIPLE ZONES -- MINERALISATION REMAINS OPEN

Zeb Nickel Corp. has released assay results and geological interpretations from a two-hole drilling program at the Zeb nickel project in Limpopo, South Africa. Drilled vertically, the holes validate the Zeb geological model and confirms the presence of thicker, higher-grade nickel-copper-platinum-group-element horizons beneath the historic open-pit resource and demonstrates that mineralization remains open both along strike and at depth.

Key value highlights:

• Two drill holes plus two deflections completed intersected mineralized material in both Zone 1 and Zone 2.
• Zone 2 Ni-Cu-PGE mineralization was confirmed to be present in a previously untested area beneath Zone 1, confirming the geological model.
• Thicker, higher-grade intervals beneath the historical resource:
  • Zone 2: up to 2.27 metres of 0.27 per cent Ni, 0.17 per cent Cu and 2.27 grams per tonne 3PGE plus gold and 4.06 m of 0.23 per cent Ni, 0.14 per cent Cu and 1.36 g/t 3PGE plus Au;
  • Zone 3: up to 0.70 m of 0.65 per cent Ni and 0.40 per cent Cu within a broader 2.73 m of 0.39 per cent Ni.
• Multiple semi-massive sulphide hits confirm the geological model and strengthen the analogy with world-class feeder conduit systems.
• Mineralization remains open along strike and at depth, highlighting meaningful scale-up potential for both tonnage and grade.

The Zeb mineral system is divided into four stacked horizons: Zone 1 forms the near-surface, bulk-tonnage nickel-bearing unit of the lower Uitloop body that underpins the historical Ni resource.

Zone 2, immediately beneath and adjacent to Zone 1, contains Ni-Cu-PGE mineralization similar to that found at Ivanhoe Mines' Platreef mine and the Mogalakwena mining complex of Valterra Platinum (formally known as Anglo American).

Zone 3 is a feeder-style ultramafic chonolith, the geometry of which was recently confirmed in an airborne gravity and magnetic survey.

Zone 4 broadly encompasses areas of gold mineralization intersected in drill holes.

Two holes (Z031 and Z033) were drilled, both at a vertical angle, and were designed to test the true vertical depth of the mineralized sequences and test for downdip continuity of Zone 2 beneath Zone 1. Two deflections, Z031D1 and Z031D2, were drilled off Z031. No deflections were drilled off Z033. Boreholes and deflections were drilled using a NQ core diameter size.

Boreholes Z031 and Z033 intersected Ni and Ni-Cu-PGE mineralization in zones 1 and 2, respectively, while Z031 and its deflections also intersected what is interpreted as Zone 3 mineralization. The assay results confirm the presence of thick, higher-grade Ni-Cu-PGE mineralized intervals of varying grade beneath the historical resource envelope and confirm the continuity of mineralization in line with previous intersections along strike.

Importantly, the data provide strong evidence that the Ni-Cu-PGE mineralization in Zone 2 continues below Zone 1 and may fully extend beneath Zone 1, meaning that the area holds increased potential to host a significant Ni-Cu-PGE resource.

The boreholes also intersected Zone 3 semi-massive Ni-PGE sulphide mineralization, further validating the presence of semi-massive to massive sulphides associated with the chonolith and supporting the potential for a large, continuous magmatic system that hosts massive nickel sulphide, targets of which were identified in the recent airborne magnetic and gravity survey.

Highlights of results

Zone 2:

• 2.27 metres of 0.27 per cent Ni, 0.17 per cent Cu and 2.27 g/t 3PGE plus Au, including 0.77 m of 0.31 per cent Ni, 0.18 per cent Cu and 2.19 g/t 3PGE plus Au (346.23 to 348.50 m; Z031D1);
• 4.06 m of 0.23 per cent Ni, 0.14 per cent Cu and 1.36 g/t 3PGE plus Au (342.44 to 346.50 m; Z031D0), including 1.56 m of 0.30 per cent Ni, 0.18 per cent Cu and 1.72 g/t 3PGE plus Au.

Zone 3:

• 1.03 m of 0.60 per cent Ni, 0.14 per cent Cu and 0.57 g/t 3PGE plus Au (330.97 to 332.00 m; Z031D0);
• 0.70 m of 0.65 per cent Ni, 0.40 per cent Cu and 0.36 g/t 3PGE plus Au within 2.73 m of 0.39 per cent Ni (338.53 to 341.26 m; Z031D0).

The mineralized zones remain open both along strike and at depth, and the geological model proposes that additional downdip drilling may intersect significantly higher-grade Ni-Cu-PGE mineralization. This interpretation is supported by analogous mineralization styles and grades observed at neighbouring world-class deposits, including Ivanhoe Mines' Platreef project and Valterra Platinum's Mogalakwena mining complex.

Of particular significance is the consistent intersection of semi-massive sulphide mineralization associated with Zone 3 in the central part of the Uitloop body, where a potential chonolith structure may link the Uitloop 1 and 2 bodies. This is an exciting development, as such a chonolith could host a larger, more continuous sulphide accumulation due to its structural setting and potential to channel enriched magmatic pulses during emplacement and develop an Ni-PGE-rich massive sulphide.

The company commented: "These results validate our geological model and confirm that Zeb Nickel has the scale and grade to become a significant critical metal asset. With mineralization open in multiple directions and several exciting targets identified from the recent airborne magnetic and gravity survey, we are as excited as ever about the growth runway ahead and look forward to updating the market on further exploration plans."

About Zeb Nickel Corp.

Zeb Nickel is focused on exploring for and developing world-class mineral deposits, with a focus on metals that are critical in the production of rechargeable batteries, such as nickel, graphite, lithium, cobalt, manganese, copper and aluminum. The company is currently focused on developing its flagship Zeb nickel project, located in Limpopo, South Africa. The Zeb nickel project is a developing Class 1 nickel sulphide project strategically located in the Bushveld complex in South Africa.

We seek Safe Harbor.