EV Minerals Corporation announced additional results of its previously announced Phase 1 desktop compilation at the EV Nickel-Copper-Cobalt ("EV Nickel Project") Project in the Saguenay-Lac-Saint-Jean Region, Quebec. The goal of re-interpretation of historical drilling and regional geology is to produce and detail additional near-term and long-term exploration plans and targets. Historical results from the South and East Zones have provided additional areas of priority for 2024 exploration.

EV Minerals will also be able to combine desktop data with the new drilling data when assays are returned from the recently completed confirmatory drilling. Initial Desktop Compilation Highlights in the South and East Zones: Highlights include South Zone composites leaving strong potential to the south, and wide zones with high-grade pockets in the Eastern Anomaly, which was only drill-tested with 5 historic drillholes over a strike length of 1.7 km. Highlights in the South Zone include hole 89-MCN-84, which graded 0.05% Co, 0.19% Cu, and 0.44% Ni over 5.20 m from 50.70 m, including 0.12% Co, 0.25% Cu, and 0.96% Ni over 1.70 m from 50.7 m, within gabbro to anorthositic gabbro containing massive sulphides, mainly pyrrhotite and chalcopyrite.

A total of 160 drill holes, drilled in 1989, are reported in assessment reports. These need to be captured into a properly structured database to enable the generation of an interactive 3D model of the deposit. This is an essential step toward planning the next drill program and resource update.

Of these, 43 additional holes have now been captured and verified from the South Zone and the Eastern Anomaly, with the remaining expected to be completed in the coming weeks. Limited Eastern Anomaly drilling includes hole 89-MCN-158, which graded 0.05%. Co, 0.29% Cu, and 0.72% Ni over 7.44 m from 27.00 m, including 0.08% Co, 0.25%, Cu, and 1.30% Ni over 2.48 m from 29.92 m, in disseminated sulphides within gabbro.

Analysis of the historic logs indicate that the Eastern Anomaly has the presence of wide disseminated sulphides, while the Main Anomaly (underlying the historic Main Zone) mainly appears as semi-massive to massive sulphides. Wide low-grade composites were uncovered in hole 89-MCN-100, with no other drilling in the area.