Mr. Sean Samson reports

EV NICKEL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF UP TO C$1.0 MILLION

EV Nickel Inc. has arranged a non-brokered private placement for gross proceeds of up to $1-million from the sale of units of the company at a price of six cents per unit. Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder thereof to purchase one common share of the Company (each, a "Warrant Share") at a price of C$0.09 for a period of 24 months following the closing date of the Offering.

The Company intends to use the proceeds raised from the Offering for continued exploration of the Company's Shaw Dome Project located south of Timmins in Ontario and general corporate expenses.

A finder's fee may be paid on a portion of the proceeds from the Offering. Closing of the Offering is subject to customary closing conditions including, but not limited to, the receipt of applicable regulatory approvals, including the approval of the listing of the Shares on the TSX Venture Exchange.

About EV Nickel Inc.

EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome Project, south of Timmins, Ontario. EV Nickel has over 30,000 hectares to explore across the Shaw Dome and has identified >100 km of additional favourable strike length. The Shaw Dome includes the High-Grade W4 Deposit- with a Resource which defined 2.0M tonnes @ 0.98% Ni for 43.3M lbs of Class 1 Nickel across Measured, Indicated and Inferred and the Large-Scale CarLang Area with more than 10km of mineralization and where the first 20% contains the A Zone- with a Resource which defined 1.0B tonnes @ 0.24% Ni for 5.3B lbs of Class 1 Nickel across Indicated and Inferred. EV Nickel owns the trademark for Clean Nickel and plans to grow and advance a Clean Nickel(TM) business, targeting the growing demand from the electric vehicle battery sector. The Company is focused on a 2-track strategy: Track 1- to produce High-Grade Clean Nickel(TM) (starting with W4) and Track 2- an integrated Carbon Capture & Storage project with Large-Scale Clean Nickel(TM) production (starting with CarLang).

The Company acknowledges the financial contributions being provided by the Province of Ontario's Critical Minerals Innovation Fund (CMIF) and the Government of Canada through the Industrial Research Assistance Program (IRAP) in assisting with the implementation of EVNi's Clean Nickel(TM) Research and Development Program.

Qualified Person

The Company's Projects are under the direct technical supervision of Paul Davis, P.Geo., and Vice-President of the Company. Mr. Davis is a Qualified Person as defined by NI 43-101. He has reviewed and approved the technical information in this press release. There are no known factors that could materially affect the reliability of the information verified by Mr. Davis.

We seek Safe Harbor.