SPC Nickel Corp. announced the commencement of its 2024 exploration program at SPC Nickel's 100%-owned 650 km2 Muskox Ni-Cu-PGM Project located approximately 75 km south of the Hamlet of Kugluktuk within the Kitikmeot Region of western Nunavut. Project Highlights: Muskox Project provides an opportunity to make a world class discovery.

Similar geology setting to many of the world's largest nickel-copper mining camps - Norilsk, Sudbury, Voisey's Bay mining districts. Well established geological settings and fertile system confirmed by high-grade historic drill intersections (7.50% Cu, 3.20% Ni, and 19.70 g/t Pd+Pt+Au over 5.48 metres) and surface grab samples (up to 11.4% Ni and 14.3% Cu) - Page et al., 1988. The 2024 surface exploration program at Muskox is scheduled to start on July 3, 2024 and will be based out of the Hamlet of KUGluktuk, Nunavut.

The planned program will include two weeks of geological prospecting, rock sampling, geochemical sampling and mapping. Inco drilled another 11 holes within 150 metres of 15808 and reported a resource of 155,000 tonnes of 2.60% Cu and 1.20% Ni (Vori, 1987; Page et al., 1988). In 1987, Equinox Resources Ltd. completed an additional 10 drill holes in the area including hole EQN87-05, which intersected 13.74 m of 4.83% Cu, 2.00% Ni, and 5.69 g/t Pd+ Pd+Pt+ Au starting at a depth of 98.12 metres (Page et al., 1988).

Keel Breccia (Ni-Cu-PGM): The Keel Breccia target is interpreted as a magmatic breccia occurring at the interface between the 60 km long feeder dyke to the south and the main body of the Muskox Intrusion to the north. A stockwork breccia is developed within a hornfels zone within several metres of the contact and is comprised of a matrix of massive sulphides dominated by pyrrhotite and chalcopyrite with mineral bornite and chalcocite. Trenching sampling completed by Equinox Resources Ltd. in 1988 returned values as high as 2.99 g/t Pt, 51.57 g/t Pd, 2.49 g/t Au over 0.54 metres.

The mineralization is associated with massive chalcopyrite veins in the footwall that include individual grab samples as high as 9.30% Cu, 0.37% Ni, 8.90 g/t Pt, 76.20 g/t Pd and 2.00 g/t Au. The Main Intrusive is a 60 km long by up to 11 km wide elongate-shaped body that is well differentiated and consists of gently inwardly dipping layers of dunite, peridotites, pyroxenites and gabbroic rocks. The total thickness of the exposed portion of the Main Intrusion is up to 1,895 metres based on drilling completed by the Geological Survey of Canada in 1963.

Within the Main Intrusion, high-grade massive Ni-Cu-PGM sulphide mineralization occurs along the basal contact of the intrusion or in the adjacent footwall, similar to the Sudbury and Noril'sk camps. Geochemical, geophysical and diamond drill reports on the Muskox property, NWT. Equinox Resources Ltd. DIAND Assessment report 082562.56 p., 8 data Appendices.

Francis, D. (1994). Geological Survey of Canada Paper 92-12, 94 p. Quality Assurance, Quality Control and Qualified Persons The technical elements of this news release have been approved by Mr. Grant Mourre, P. Grant Mourre, P., P.Geo), CEO and President of SPC Nickel Corp. and a Qualified Person under National Instrument 43-101.