EV NICKEL INC. announced the additional assay results, from 12 additional holes of the Phase 3 Drilling program completed over the Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, "CarLang Area". Based upon the assay analyses of the 23 holes reported (for prior results, see news releases dated October 24, November 28 and December 7, 2022) and core logging of the remaining 5 holes, it is confirmed that every hole of the 28 hole diamond drill program intersected the targeted dunite unit and continue to confirm the new "CarLang A Zone" as a potential Large-Scale nickel prospect. Assay results continue to confirm the thick intersections of large-scale, broad zones of nickel mineralization.

Gaps observed in the mineralized sequence represent intersections of late, cross cutting diabase or intermediate dykes in an otherwise continuous sequence of dunite. Assays are pending on the remaining 5 holes and are scheduled to be completed by the end of January 2023. Caracle Creek International Consulting ("CCIC") has been contracted to complete the Preliminary Resource Estimate for the CarLang A Zone and results are anticipated in the spring of 2023.

The CarLang Area has many favourable characteristics including: easy accessibility by road with significant outcrop exposure of the dunitic rocks across the property; recent logging activity has exposed additional outcrop and developed a network of gravel access roads; and the interpreted thickness of the overburden covering the CarLang A Zone is estimated to average less than 5 meters based upon the recent Phase 3 drill hole program, with a significant portion sub-cropping to surface with less than 1 metre of overburden. When these factors are combined, the Company believes that the CarLang Area is well positioned for any future development and will rise to the top of the areas of interest for Large-Scale nickel projects. Drill core samples from EVNi drilling at the Shaw Dome Project are cut or whole core sampled and bagged at the core logging facility located near the Shaw Dome Project and transported to ALS Canada Ltd. ("ALS") and SGS Canada Inc. ("SGS") for analysis.

Samples, along with certified standards and blanks, that are included by the Company for quality assurance and quality control, were prepared and analyzed at the laboratories. At ALS, samples are crushed to 70% less than 2mm. A riffle split is pulverized to 85% passing 75 microns.

Nickel, copper, cobalt and sulphur are analyzed by sodium peroxide fusion with an ICP finish and platinum, palladium and gold by fire assay and ICP-AES finish. At SGS, samples are crushed to 75% less than 2mm. A riffle split is pulverized to 85% passing 75 microns.

Nickel, copper and cobalt are analyzed by sodium peroxide fusion with an ICP-AES finish, platinum, palladium and gold by fire assay and ICP-AES finish and sulphur by Leco. These and future assay results may vary from time to time due to re?analysis for quality assurance and quality control. The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., 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.