Churchill Resources Inc. announced that drilling has commenced on the planned 5,000m program at its Taylor Brook Ni-Co-Cu project in western Newfoundland, Canada. The Company has also completed the second and final tranche of its previously announced, upsized non-brokered private placement of units of the Company (the "Units") raising gross proceeds of $2,600,000 (the "Private Placement"). Drilling is Underway at Taylor Brook.

Churchill's previously announced 5,000m drilling program has commenced at Taylor Brook. MCL Drilling of Deer Lake, Newfoundland and Labrador, is currently at site with one rig and drilling has started with hole TB23-06E, one of five holes planned thus far targeting resistivity low features at depths of between 175m and 625m below surface. Targeting for Churchill's drill program is expected to be further refined by ongoing CSAMT surveys and other field work running in parallel as drilling proceeds: The previously announced expanded CSAMT survey at Layden is now complete, with results and analysis (when available) expected to better delineate peripheral anomalies defined in the initial, smaller CSAMT survey.

The geophysics crew has moved south to undertake CSAMT surveys over the location of highly anomalous Ni-Co-Cu soil: Surveying of the LIT-1 Ni anomaly grid is complete; A Mobile MT commissioned for the entire Layden Intrusive Trend Taylor Brook Gabbro South Lobe corridor is now underway. For the first time at Layden, drilling at depth will test substantial conductor targets beneath known high grade nickel sulphide mineralization, hosted by similar and related magmatic rock. Across the Taylor Brook property, geophysical surveying and other field work will continue in parallel as drilling proceeds, including advancing the LIT-1 and TBSL-1 anomalies to drill targets, as well as identifying new targets for follow-up along the entire prospective corridor.

The Private Placement consisted of the sale of 52,000,000 Units at a price of $0.05 per Unit for gross proceeds of $2,600,000, of which 40,000,000 Units were offered and sold pursuant to tranche two of the Private Placement, each Unit comprised of one common share of Churchill (each, a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Such factors, among other things, include: the expected benefits to the Company relating to the exploration conducted and proposed to be conducted at the Company's properties; failure to identify any mineral resources or significant mineralization; the preliminary nature of metallurgical test results; uncertainties relating to the availability and costs of financing needed in the future, including to fund any exploration programs on the Company's properties; fluctuations in spot and forward prices of gold, silver, base metals or certain other commodities; fluctuations in currency markets (such as the Canadian dollar to United States dollar exchange rate); change in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose restrictions on mining and mineral exploration; employee relations; relationships with and claims by local communities and indigenous populations; availability of increasing costs associated with mining inputs and labour; the comprehensive nature of mineral exploration and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); the unlike likelihood that properties that are explored are explored are ultimately developed into producing mines; geological factors; actual results; and results are expected to be conducted in parallel as drilling proceeds.