Mr. Quinn Field-Dyte reports

FORT ST. JAMES LAUNCHES 2026 EXPLORATION PROGRAM AT PORCUPINE PROPERTY, CHASING HIGH-GRADE HISTORIC INTERCEPTS OF ZINC, COPPER, LEAD & SILVER NEAR SURFACE

Fort St. James Nickel Corp. has commenced a program of prospecting and rock geochemical sampling at its Porcupine base metal/precious metal/rare earth element (REE) property, located in central New Brunswick.

The program is being conducted in target areas within the central and northern regions of the property targeting recently lumbered areas and areas of reported soil geochemical anomalies (including zinc, lead and copper) and reported induced polarization (IP) geophysical anomalies. One target area is immediately west of base metal-silver mineralization drilled by Fort St. James during 2018.

Prospecting and rock geochemical sampling are currently under way within the northern region of the Porcupine property northwest to southwest of diamond drill holes completed by Fort St. James during 2018 (four holes -- 227 meters). Each of the 2018 drill holes intersected near-surface base metal and silver mineralization, with sulphide mineralization occurring as disseminations and veinlets/veins (see company news release of July 13, 2021). Core sample highlights (core length) for zinc (Zn), lead (Pb), copper (Cu) and silver (Ag) for the 2018 drilling program include:

• PO-18-3 -- 10.75 to 11.05 metres (0.30 metre): 2.66 per cent Zn, 1.86 per cent Pb, 0.42 per cent Cu and 15.7 grams per tonne Ag;
• PO-18-4 -- 8.88 to 9.28 metres (0.40 metre): 5.87 per cent Zn, 1.39 per cent Pb, 0.64 per cent Cu and 13.8 g/t Ag.

Zinc and copper soil geochemical anomalies and IP geophysics anomalies are reported northwest to southwest of the 2018 drill holes based on reported 2011 exploration by Greenlight Resources Ltd. (Stea, 2011). Zinc soil geochemical anomalies are reported to be approximately 200 to 500 metres slightly northeast of the 2018 drill holes, including four samples reported to exceed 400 parts per million (ppm) for zinc (up to 593 ppm zinc) (Stea, 2011). Copper soil anomalies are also reported in this area (up to 191 ppm copper) (Stea, 2011). IP chargeability anomalies are reported extending approximately 200 metres west of the 2018 drill holes and up to approximately 300 metres southwest of the 2018 drill holes (Stea, 2011). Some of these reported anomalies are located within recently lumbered areas. The 2011 soil samples were reported to have been analyzed by Activation Laboratories Ltd. using its Ultratrace 6 method (Stea, 2011). The current prospecting and rock geochemical sampling program includes the areas of these reported geochemical and geophysical anomalies and includes extensive areas of recent lumbering.

The 2018 drill core samples discussed in this news release were analyzed by ALS Canada Ltd. (independent of Fort St. James) by four-acid digestion and ICP-AES analysis (including zinc, lead and silver) and assayed for gold by fire assay (AA). A qualified person supervised the 2018 drilling program discussed in this news release.

Prospecting and rock geochemical sampling are also being conducted within the central region of Porcupine property, including within large recently lumbered areas. Great Atlantic Resources Corp. reported multielement soil geochemical anomalies in this region based on work in 2015 to 2016. Soil samples from this region were reported to return up to 504 ppm lead, 470 ppm lanthanum and 452 ppm cobalt (Martin, 2016). These samples were analyzed by ALS Canada for gold by fire assay (AA) and for 33 elements by four-acid digestion and ICP-AES analysis. A qualified person supervised the 2015 and 2016 programs for Great Atlantic Resources.

Fort St. James has not verified soil geochemical anomalies or IP geophysical anomalies discussed in this news release. Fort St. James will submit the rock samples from the 2026 program to a certified laboratory (independent of Fort St. James) for analysis, including for zinc, lead, copper, silver, gold and rare earth elements.

David Martin, PGeo (New Brunswick and Newfoundland and Labrador), a qualified person as defined by National Instrument 43-101, approved the technical information contained in this news release.

We seek Safe Harbor.