SPC Nickel Corp.(TSXV: SPC) ("SPC Nickel" or the "Company"), is pleased to provide an update on progress at the Company's West Graham Project and to announce the commencement of the 2024 drill program. The drill program is expected to include 2,500 metres of drilling over 40 holes. The Company anticipates 1-2 weeks of site preparation followed by two months of drilling with completion scheduled for the end of July.

Objectives: To fully define the nickel-copper resource within the limits of a conceptual starter open-pit; Completion of preliminary geotechnical work on the sulphide mineralization and surrounding host rocks for inclusion within the engineering design of the pit wall slopes; and Refine the West Graham economic viability and development plans. Preliminary results from the on-going metallurgical testwork initiated in April (See news release dated April 2, 2024) are expected in the coming weeks. The study is focused on mineralization from 6 holes completed within the boundaries of the conceptual starter open-pit.

The study will provide valuable information regarding the grindability of the sulphide ore and the potential recoveries to be expected. The Company has also just completed an extensive channel sampling program on the up-dip surface exposure of the West Graham Deposit. A total of 139 samples were collected from 8 continuous channel samples totalling 138.5 metres in length.

The inclusion of the channel sampling results into the existing resource model will allow for the mineralized zones to be extended to surface. Highlights from nearby drill holes include WG-23-063 that intersected 59.0 metres at 0.71% Ni, 0.38% Cu from 2.0-61.0 metres (See news release dated November 20, 2023). Assay results for the channel samples will be released when available.

As part of the Company's on-going process to define the economics of the West Graham Deposit more precisely, a series of 7 samples were selected from 2 drill holes (WG-23-026 and WG-23-042) completed in 2023 that intersected significant intervals of semi-massive to massive sulphide mineralization (See news release dated, October 10, 2023). WG-23-026: 7.90 metres @ 2.48% Ni and 0.64% Cu from 170.0 to 177.9 metres WG-23-042: 20.0 metres @ 1.71% Ni and 0.46% Cu from 286.0 to 306.0 metres. The samples were submitted to the Ontario Ministry of Mines Geoscience Laboratories in Sudbury, Ontario and analysed by Nickel Fire Assay for full suite PGM's (Iridium, Osmium, Rhodium, Ruthenium, Platinum, Palladium and Gold).

The Lockerby East Property is located in the heart of the Sudbury Mining District where nine mines are currently in operation and two more are in the development phase. The region benefits from its proximity to well-developed transportation infrastructure including roads, railways, and electrical grid. In addition, the Property is situated close to processing, smelting and refining assets which include two mills, two smelters and one nickel refinery.

Local operators include global mining corporations Vale, Glencore and KGHM. SPC Nickel Corp. is a Canadian public corporation focused on exploring for Ni-Cu-PGMs within the world class Sudbury Mining Camp.

SPC Nickel is currently exploring its key 100% owned exploration project Lockerby East located in the heart of the historic Sudbury Mining Camp that includes the West Graham Resource and the LKE Resource. SPC Nickel also holds three additional projects across Canada including the large camp-scale Muskox Project (located in Nunavut), the past producing Aer-Kidd Project (located in the Sudbury Mining Camp) and the Janes Project (located 50 km northwest of Sudbury). The corporate focus is on Sudbury, and SPC Nickel continues to look for new opportunities to add shareholder value.