Mr. Paul Davis reports

EV NICKEL ANNOUNCES FULLY FUNDED EXPLORATION PROGRAM

EV Nickel Inc. has released details on its 2024 exploration program. Following the closing of a $5,119,750 flow-through financing on March 28, 2024, the Company has designed an impactful exploration program to advance its two significant Nickel deposits and evaluate other targets on its extensive land package near Timmins Ontario, Canada.

A systematic exploration program consisting of geophysical surveys, metallurgical test work, surface mapping and sampling and diamond drilling along the prospective 10 km+ CarLang Trend has been designed to continue to advance the Company's at-surface large scale, CarLang A Nickel Deposit, which hosts, in accordance with National Instrument 43-101, a combined Resource of 1.1B tonnes @ 0.24% Ni for 5.3B lbs of Class 1 Nickel consisting of Indicated Resource of 0.5B tonnes @ 0.25% Ni and an Inferred Resource of 0.5B tonnes @ 0.23% Ni (see press release dated February 28, 2023 and/or SEDAR filing dated April 12, 2023).

The Company will also be completing diamond drill programs on its priority, high-grade nickel targets contained within the Shaw Dome Property. Exploration diamond drilling will focus on areas with known occurrences of high-grade nickel including the extension of the previously announced W4 Resource, in accordance with National Instrument 43-101, consisting of a combined Resource of 2.0M tonnes @ 0.98% Ni for 43.3M lbs of Class 1 Nickel consisting of Measured and Indicated Resources of 1.45M tonnes @ 0.98% Ni and Inferred Resources of 0.6M tonnes @ 0.98% Ni (see press release dated June 12, 2023 and/or SEDAR filing dated July 26, 2023) as well as on other prospective high-grade nickel targets in the area.

"We are excited to commence our 2024 exploration program in which we will expand activities on our large-scale CarLang resource up the full 10km trend that has produced excellent results from the exploration to date. We will also be drilling prospective high grade targets and advancing our clean metal bioleaching program. We are also pleased with the recognition that our Nickel projects have received and we will continue to advance discussions with a variety of strategic groups to continue to further advance these world class projects," stated Paul Davis, VP Exploration.

North American On-Shoring of Critical Mineral Production

EV Nickel's mission is to provide the world with clean nickel from Tier 1 jurisdictions. Our projects are located within 30 km of Timmins, a developing hub of clean critical minerals for the North American battery and stainless-steel markets and an important emerging critical mineral district for the North American efforts to bring on-shore the full vertical integration of electric batteries and vehicles.

EV Nickel aims to play an integral part of the North American on-shoring initiative as the Company's clean low carbon deposits can be an important source of supply to support the Inflation Reduction Act (IRA) and Ontario and Federal policies and initiatives which strive to bring clean critical mineral production from Canada into the North American supply chain and globally.

In further support of this initiative, the Company has and will continue to partner with environmentally responsible and ethical organizations from around the province and around the world to assist in developing these essential critical minerals. EV Nickel is also eager to collaborate with all stakeholders and leading sustainable engineering, mining, automotive and battery companies to provide this key input to support global decarbonization initiatives. The governments of Ontario and Canada are also providing significant legislative, policy and financial support to help ensure that the Timmins region becomes a leading participant in the developing North American supply chain for the clean transition energy.

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.