Exploration At Atlantic Nickel Project

VANCOUVER - First Atlantic Nickel Corp. reported on significant progress made at its wholly-owned Atlantic Nickel Project in central Newfoundland, Canada. The Company has successfully completed the Phase 1 road upgrade program which included the installation of three bridges. Additionally, an all-weather camp has been established on the project site, and the upgraded road and bridges will ensure reliable access throughout the year. District-scale awaruite nickel sampling program is well underway along the extensive 30 km nickel-bearing trend, with an expanded crew to accommodate the increased size and scale of the program.

Road and infrastructure upgrades completed which include the installation of three new bridges providing reliable year-round road access to the Project and the establishment of a camp on the property suitable for year round use. Logistical planning and preparations underway for the 2024 drilling program, with drilling set to commence soon. District-scale awaruite nickel sampling program in progress with an expanded ground team to cover the extensive 30 km nickel-bearing trend accelerating exploration efforts. USGS has identified awaruite as a solution to nickel concentrate shortages (in North America) due to its easier concentration compared to nickel sulfide minerals1. District-wide airborne LiDAR survey initiated, using advanced data collection and processing to identify outcrops, map geology and structures through vegetation across the 30 km nickel trend centered on the Atlantic Nickel Project.

Adrian Smith, CEO, said, "We are thrilled with the advancements made at our unique nickel alloy project, including establishing an all-season camp located on the Project site. The completion of road upgrades and the installation of heavy-duty bridges enables us to transport heavy equipment to the project year-round. The establishment of a road-accessible camp on the project site allows for efficient operations while reducing overall costs. Additionally, we're implementing a cutting-edge LiDAR survey with high-resolution orthophotos across the 30 km district trend. This technology will significantly enhance our ability to identify key geological structures and discover new outcrops within the mineralized trend. This is paired with the current expanded field-team concentrating on intensive sampling and mapping to extend the mineralization surrounding our four primary target areas within this substantial nickel belt. This crucial work is paving the way for our upcoming, fully funded, maiden drilling program.”