Flying Nickel Mining Corp. announced additional PGM assay results from the Company's 100% owned Minago Nickel PGM project in the Thompson Nickel Belt, Manitoba. New assay results of 216 samples totalling 247 meters from 4 drill holes are inline with management expectation.

Those results further confirmed significant platinum and palladium intersections throughout Minago's Nose Deposit. Highlights from this latest assay data set include: N-07-22 grading 0.50% Ni, 0.01% Cu, 0.051 g/t Pt, 0.126 g/t Pd and 0.003 g/t Au (0.180 g/t PGM+Au) over a 4.40 meter interval from 315.60 meters downhole. N-07-22 grading 1.20% Ni, 0.07% Cu, 0.156 g/t Pt, 0.449 g/t Pd and 0.007 g/t Au (0.611 g/t PGM+Au) over a 6.71 meter interval from 286.39 meters downhole.

N-07-34 grading 0.25% Ni, 0.01% Cu, 0.365 g/t Pt, 0.031 g/t Pd and 0.003 g/t Au (0.399 g/t PGM+Au) over a 5.80 meter interval from 179.20 meters downhole. N-07-35 grading 1.13% Ni, 0.08% Cu, 0.161 g/t Pt, 0.425 g/t Pd and 0.022 g/t Au (0.608 g/t PGM+Au) over a 26.34 meter interval from 132.94 meters downhole. N-07-35 grading 1.61% Ni, 0.10% Cu, 0.220 g/t Pt, 0.593 g/t Pd and 0.019 g/t Au (0.832 g/t PGM+Au) over an 3.72 meter interval from 153.44 meters downhole.

When calculating composite grades, half the detection limit value was used when assay results were less than the detection limit. True widths are approximately half the width observed in core. NiEq % (Resource) = ((Ni% x 22.04 x Ni Price $/lb) + (Cu% x 22.04 x Cu Price $/lb) + (Pt gpt /31.1035) x Pt $/oz +(Pd gpt /31.1035) x Pd $/oz + (Au gpt /31.1035) x Au $/oz)/(22.04 x Ni $/lb).

This calculation assumes 100% recovery rates and does not include Cobalt due to a lack of data. Calculation is an estimation of resource potential. Metal prices are Ni $12.4/lb, Cu $4.1/lb, Pd $1,721/oz, Pt $1,068/oz, Au $1,904/oz based on January 13, 2023.

Flying Nickel has received and released assay results of 2,082 samples totalling 2,437 meters from 31 holes since the program start in January 2023. Flying Nickel is on schedule to receive and publish remaining assay results of approximately 1,604 meters from 16 holes in June 2023. The objective of the core assay program is to develop a maiden PGM resource at the Minago Project.

QA/QC: The sampling process incorporated blanks, standards (certified reference material) and duplicates. The blank samples were comprised of crushed limestone; two standard types were used which alternated from a high Ni concentration to a low Ni concentration; and duplicates were created from half the material of the previous sample. QAQC samples were inserted at intervals of 20.