Mr. John Paterson reports

TWENTY-ONE (21) YEAR MINING LEASE CERTIFICATE GRANTED ON JANUARY 15, 2025; MINING LEASE COVERS AN AREA OF 162 HA.

EV Nickel Inc. has received a 21-year mining lease on its 100-per-cent-owned W4 nickel deposit within the Shaw Dome project located 30 kilometres south of Timmins, Ont.

The mining lease covers an area of 162 hectares consisting of nine contiguous unpatented mining claims held by EV Nickel. The project was brought to lease in Lease No. 110163 which was granted on Jan. 15, 2015, for a term of 21 years. Annual lease rental payments are $486.31 per year.

Paul Davis, vice-president exploration, stated: "The granting of the mining lease highlights a significant step forward in the development of their W4 nickel deposit within the Shaw Dome project. Securing the mining lease is a key requirement for any potential extraction of the nickel deposit and underscores our commitment to advancing the project forward."

The company is currently focused on the newly discovered Gemini North zone and plans to complete between 6,000 to 8,000 metres of diamond drilling to define the extent of the disseminated nickel sulphide zone identified in its 2024 regional exploration program.

Qualified person

The company's projects are under the direct technical supervision of Paul Davis, PGeo, and vice-president of the company. Mr. Davis is a qualified person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

About EV Nickel Inc.

EV Nickel's mission is to provide the world with clean nickel from Tier 1 jurisdictions. Its projects are located within 30 kilometres of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets and an important emerging critical mineral district for the North American efforts to bring on-shore the full vertical integration of electric batteries and vehicles.

We seek Safe Harbor.