Mr. Paul Sobie reports

CHURCHILL RESOURCES ANNOUNCES FULLY SUBSCRIBED $2M PRIVATE PLACEMENT

Churchill Resources Inc. has arranged a non-brokered private placement consisting of the sale of 25 million common shares to be issued on a flow-through basis at a price of eight cents per share for total gross proceeds of $2-million.

The gross proceeds received from the sale of the FT shares will be used to incur Canadian exploration expenses, as defined in Subsection 66.1(6) of the Income Tax Act (Canada), on the company's properties in Newfoundland and Labrador, and renounced to subscribers in the offering with an effective date of no later than Dec. 31, 2024. Such Canadian exploration expenses will also qualify as flow-through mining expenditures, as defined in Subsection 127(9) of the tax act.

The closing of the offering is expected to occur on or about Nov. 22, 2024, and is subject to the satisfaction of certain conditions, including the receipt of all applicable regulatory approvals, including the approval of the TSX Venture Exchange. In connection with the offering, the company will pay to eligible finders a cash fee equal to 7 per cent of the gross proceeds raised by the company from the sale of FT shares to subscribers directly introduced to the company by such finders.

About Churchill Resources Inc.

Churchill Resources is a Canadian exploration company focused on high-grade, magmatic nickel sulphides in Canada, principally at its prospective Taylor Brook and Florence Lake properties in Newfoundland and Labrador. The Churchill management team, board and its advisers have decades of combined management experience in mineral exploration and in the establishment of successful publicly listed mining companies, both in Canada and around the world. Churchill's Taylor Brook and Florence Lake projects have the potential to benefit from the province's large and diversified minerals industry, which includes world-class nickel mines and processing facilities, and a well-developed mineral exploration sector with locally based drilling and geological expertise.

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