Power Nickel Inc. announced high-grade multi-elements assay results for holes PN-24-056 to PN-24-059. Highlights: 1 Ounce = 31.1 g/t and 1 Metre = 3.28 Feet PN-24-059 returned: 17.25 m of 0.66 g/t Au, 27.20 g/t Ag, 3.33% Cu, 2.04 g/t Pd, 1.49 g/t Pt and 0.18% Ni Including: 5.59 m of 1.91 g/t Au, 73.48 g/t Ag, 9.88% Cu, 6.23 g/t Pd, 4.56 g/t Pt, and 0.49% Ni with: 3.01 m of 0.86 g/t Au, 110.5 g/t Ag, 13.92% Cu, 8.55 g/t Pd, 7.69 g/t Pt, and 0.48% Ni PN-24-058 returned: 8.27 m of 0.19 g/t Au, 7.12 g/t Ag, 0.64% Cu, 3.43 g/t Pd, 0.84 g/t Pt and 0.25% Ni Including: 5.20 m of 0.15 g/t Au, 10.18 g/t Ag, 0.90% Cu, 4.84 g/t Pd, 1.17 g/t Pt, and 0.38% Ni with: 2.20 m of 0.16 g/t Au, 22.43 g/t Ag, 1.87% Cu, 7.53 g/t Pd, 1.15 g/t Pt, and 0.83% Ni PN-24-057 returned: 5.20 m of 0.37g/t Au, 36.23 g/t Ag, 2.57% Cu, 5.72 g/t Pd, 2.45 g/t Pt and 0.19% Ni Including: 2.17 m of 0.57 g/t Au, 78.62 g/t Ag, 5.53% Cu, 12.42 g/t Pd, 5.62 g/t Pt, and 0.24% Ni PN-24-056 returned: 4.60 m of 0.72 g/t Au, 5.38 g/t Ag, 0.88% Cu, 2.67 g/t Pd, 1.42 g/t Pt and 0.12% Ni Including: 2.45 m of 1.33 g/t Au, 9.66 g/t Ag, 1.58% Cu, 4.25 g/t Pd, 0.66 g/t Pt, and 0.15% Ni. From the available data and observations, the mineralized zone can be followed 225m laterally and 300m deep.

The thickness of the massive chalcopyrite zone varies, ranging from up to 5-6 m true width in the core of the zone to less than 1 meter laterally. The core of the zone appears to be sheared and highly altered locally; considering the overall geological context in which the zone is hosted, and the knowledge acquired at Nisk Main, some degree of deformation is to be expected. In such scenario, holes PN-24-056, -057 and -058 are interpreted to have intersected the attenuated lateral boundaries the zone, while PN-24-059 intersection is through the core of the zone.

3D modeling and interpretation of secondary lithologies (dykes, sub-units) and structures from core logging and geochemistry data is ongoing as more results become available.