Ms. Shirley Anthony reports

CANICKEL ANNOUNCES INTENTION TO VOLUNTARILY DELIST FROM TSX VENTURE EXCHANGE

Canickel Mining Ltd. intends to submit an application to voluntarily delist its common shares from the TSX Venture Exchange. The board of directors of the company approved the delisting as of April 22, 2025. The delisting is conditional upon: (i) shareholder approval at the company's upcoming annual and special general meeting on June 11, 2025; and (ii) final approval of the TSX-V. Additional information regarding the delisting will be disseminated in due course, including the effective date of the delisting.

The board's decision to delist from the TSX-V was made after a strategic and careful review of the company's financial condition along with minimal trading activity on the TSX-V. The company believes that the expense and administrative requirements associated with maintaining a TSX-V listing are no longer justified, and the delisting is intended to reduce corporate overhead costs. The company will continue to remain a reporting issuer in Canada and will continue to comply with its continuous disclosure obligations under applicable securities laws.

About Canickel Mining Ltd.

Canickel is a Canadian junior mining company that currently owns the Bucko Lake mine, currently on care and maintenance, near Wabowden, Man. From 2009 to 2012, nearly 450,000 tonnes of mineralized material were mined to produce 6.9 million pounds of nickel before the mine was put on care and maintenance due to low nickel prices.

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