Mr. Alain Tremblay reports

NI-CO ENERGY APPOINTS ROBERT WARES, P.GEO., AS TECHNICAL ADVISOR AND ANNOUNCES GRANT OF STOCK OPTIONS

Ni-Co Energy Inc. has appointed Robert Wares, PGeo, as technical adviser to the company.

Mr. Wares is chief executive officer and a director of Osisko Metals Inc. (TSX: OM), a mineral development company with a market capitalization exceeding $1-billion. He will assist Ni-Co on matters relating to geology, exploration and capital markets as the company advances its 100-per-cent-owned Kremer nickel-copper-cobalt project in Quebec.

Mr. Wares subscribed for $100,000 of common shares in Ni-Co's initial public offering, directly aligning his interests with those of the company's shareholders. In connection with his appointment, Mr. Wares was granted 200,000 stock options as part of the broader option grant described below.

"I have known Robert for more than 15 years, and it is truly an honour to welcome someone of his calibre to Ni-Co Energy as technical adviser," said Alain Tremblay, president and chief executive officer of Ni-Co Energy. "Robert possesses exceptional geological judgment, an outstanding record of mineral discovery and extensive experience in exploration and capital markets. His advice will be extremely valuable as we advance Kremer, and his decision to invest personally in our initial public offering represents a meaningful vote of confidence in our team and the potential of the project."

About Mr. Wares

Mr. Wares is a professional geologist with more than 35 years of experience in mineral exploration and development. He was responsible for the discovery of the Canadian Malartic bulk-tonnage gold deposit, which was subsequently developed by Osisko Mining Inc. into one of Canada's largest gold mines.

Mr. Wares was a co-recipient of the Prospectors & Developers Association of Canada's (PDAC) 2007 Prospector of the Year Award. Together with John Burzynski and Sean Roosen, he was also named one of the Northern Miner's Mining Men of the Year for 2009.

Mr. Wares currently serves as Chief Executive Officer and a director of Osisko Metals Inc. and as chair of the board of directors of Brunswick Exploration Inc. He holds a bachelor of science degree and an honorary doctorate in Earth sciences from McGill University.

Grant of stock options

The company's board of directors has granted stock options to certain directors, officers and consultants, entitling them to purchase an aggregate of 3.5 million common shares of the company at an exercise price of 38 cents per share for a period of five years from the date of grant.

The options were granted in accordance with the company's stock option plan and remain subject to applicable vesting provisions and the policies and acceptance of the TSX Venture Exchange.

About Ni-Co Energy Inc.

Ni-Co Energy is a Quebec-focused mineral exploration company advancing the 100-per-cent-owned Kremer nickel-copper-cobalt project, located in the ZEC Lavigne, approximately 90 kilometres north of downtown Montreal. The company's objective is to explore for nickel, copper and cobalt mineralization in Quebec, with a focus on critical minerals required for electrification, energy transition technologies and industrial supply chains.

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