Further Increase To Land Package At The Gochager Lake Property

CALGARY - Fathom Nickel Inc. reported further increase in land position at the Gochager Lake Project. The Company recently acquired, through direct staking, the 3,060-hectare disposition MC00017403 (the "New Disposition"). This brings the Company's total contiguous land package at Gochager Lake to 22,620 hectares. The New Disposition is located approximately three kilometers due south of the site of Fathom's recent Gochager Lake exploration program. The New Disposition falls within the Area of Interest clause of the Gochager Lake Option Agreement, and thus the land position covered under the Option Agreement has now increased by 3,060 hectares.

"The addition of the New Disposition at Gochager Lake adds to our growing interest in this regional play," said, Ian Fraser, CEO & VP Exploration. "The acquisition of the New Disposition is important for a couple of reasons. First, it ensures that Fathom's land package now fully encompasses 13 of the 15 high-priority targets recently identified by our structural interpretation of the historic 2008 VTEM survey. Secondly, it provides an additional "buffer" in the area of the Mal Lake nickel occurrence where a 1967 drillhole intersected 1.12% Ni, 0.24% Cu over 7.9m1. The Mal Lake nickel occurrence exhibits similar characteristics to the Gochager Lake deposit, located 10 kilometers to the northwest."

The surface time domain electromagnetic (TDEM) program was recently completed at the Tremblay-Olson Claims Area at the Albert Lake Project. Surface TDEM and borehole electromagnetic (BHEM) surveys at the Gochager Lake project is expected to be completed this month. Results from the geophysics programs are generating follow-up drill targets at both the Albert Lake and Gochager Lake Projects. The Company continues interpretation from both programs and will make results available once analysis is complete.