Completion Of Watts Lake Acquisition Gochager Lake Nickel Project

CALGARY - Fathom Nickel Inc. has now fulfilled all requirements under the agreement to acquire the Watts Lake Mineral Claims from SKRR Exploration Inc. (SKRR). As a result, Fathom now holds 100% of Watts Lake, consisting of twenty-four (24) mineral claims totaling 13,708 hectares. Watts Lake, together with the lands covered by the original Gochager Lake Option Agreement and subsequent staking (ten [10] mineral claims in all, totaling 5,851 hectares) now encompasses a contiguous land package of 19,559 hectares, collectively referred to as the "Gochager Lake Property".

Ian Fraser, CEO and VP Exploration, stated, "With the acquisition of Watts Lake now complete, we have begun the process of incorporating the historic exploration data obtained as part of the Acquisition Agreement with our modeling and data information system covering the original Gochager Lake dispositions. We are particularly excited to assess the Watts Lake ground that is covered by the historic 2008 VTEM survey. Based on initial analysis of the VTEM survey area, our geophysical consultants have now identified 11 prospective nickel targets away from the historic Gochager Lake deposit. These have become high-priority areas (areas not previously explored), for additional geophysics/geological mapping, prospecting, soil geochemistry and, ultimately, drilling as we continue our exploration work at Gochager Lake. We will also begin analyzing the Borys Lake VMS-style Pb-Zn deposit occurring within the Watts Lake ground. The VMS mineralization, coincident with the known magmatic Ni sulphide mineralization at the Gochager Lake deposit and Mal Lake occurrence within this contiguous property, speaks to the potential of a significant metal endowment and the tremendous exploration potential of this combined land package.”