First Atlantic Nickel Corp. announced it has received exploration permits for its 2024 program at its 100% owned Atlantic Nickel Project in central Newfoundland, Canada. The Company has also submitted drill permits for its fully funded 5,000-meter summer 2024 drill program targeting priority areas along the project's 30- kilometer awaruite nickel trend.

Highlights: Quick exploration permit approval (within 3 weeks) showcases strong government and local support in Newfoundland. Drill target selection to be assisted by world-renowned nickel expert & awaruite specialist Dr. Ron Britten. Additional permits have been submitted for the fully funded 5,000-meter summer 2024 drilling program, which will target four high-priority areas: Atlantic Lake, Gulp Pond, Pipestone, and Chrome Pond.

Atlantic Lake Drill Target: Historical drilling yielded 0.22% average nickel across the entire core length, ending in mineralization at 87.15 meters and remains open in all directions (NFLD/3284). Atlantic Nickel Project: Strategic 21,850-hectare position covers the entire 30-km awaruite nickel trend of the Pipestone Ophiolite Complex. The Atlantic Nickel Project encompasses a district-scale 30-kilometer trend of awaruite nickel mineralization in central Newfoundland.

Strategically located with road access and in close proximity to hydroelectric grid power, the project represents a significant opportunity for nickel discovery. Awaruite, a naturally occurring nickel-iron alloy, has been identified in rocks, tills, and drill core samples across the project area. The presence of awaruite is associated with the serpentinization process in ultramafic rocks, which can lead to significant widespread nickel mineralization.

The Company's 2024 exploration program aims to further prove, explore, and develop this extensive 30-kilometer trend. Dr. Ron Britten, a world-renowned nickel expert, is advising the Company on exploration and drill targeting for the 2024 exploration program of the Atlantic Nickel Project. Dr. Britten discovered and advanced the Decar Project in British Columbia, which is North America's first large-scale awaruite nickel project on the west coast, containing over 10 billion pounds of nickel 1. The Decar Project attracted strategic partners such as Toyota, Outokumpu, Sumitomo Mining, and JOGMEC.

Dr. Britten's expertise will be invaluable in advancing the Atlantic Nickel Project. The Company has identified four priority areas for immediate follow-up: Atlantic Lake, Gulp Pond, Pipestone, and Chrome Pond. These targets were determined based on a comprehensive review of historical data, including over 700 historical reports.

This review resulted in the digitization of 134 reports and the addition of 4,581 samples, 23 drill holes, and 115,859 assay results to the project database. Of particular interest is the Atlantic Lake target, where historical drilling returned 0.22% nickel over significant intervals, with drill holes ending in mineralization. The upcoming drill program will follow up on these promising results and test the extent of the awaruite mineralization.

The Company looks forward to commencing its 2024 exploration program and will provide updates as work progresses.