Churchill Resources Inc. announced that drilling and geophysical surveys completed this winter have confirmed a new, large, dynamic magmatic intrusive system ("TB Magmatic Trend") that extends from the Layden Nickel Showing area southeasterly 13km to the Taylor Brook Gabbro Complex ("TGBC") South Lobe. In particular: CRI's 2023 exploration confirms 13km TB Magmatic Trend with geophysics, soils, and diamond drilling. The TB Magmatic Trend extends from Layden Nickel Showing into the TBGC South Lobe.

2024 exploration is planned to blanket the 13 km TB Magmatic Trend with conductivity surveys such that disseminated and massive sulphide targets can be detected. The newly identified TB Magmatic Trend is characterized by low to very low resistivity responses in airborne Mobile Magnetotelluric ("MMT") and ground Controlled Source Audio Magnetotelluric ("CSAMT") surveys, which contrast with the highly resistive older gneissic country rock. Examinations of sectional and level plan resistivity data are showing a continuous dyke-like vertically oriented conduit that flares out into sill-like bodies at certain depths (Figure 1), including at Layden in the extreme north.

The Layden Showing with high-grade mineralization, and adjacent broad zones of breccia stringer mineralization, now appears to represent a sill-like feature that was offset by later faulting from the main TB Magmatic Trend. All evidence suggests that Layden Showing is a faulted offset sill-like body off the north end of the TB trend which shows compelling resistivity features to the east of Layden, interpreted to have previously been connected to the TB Magmatic Intrusive Trend. Actual future results may differ materially as forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements.

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 general macroeconomic conditions; fluctuation in securities markets; 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 pressures, 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 speculative 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 ultimately developed into producing mines; geological factors; actual results of current and future exploration; changes in project parameters as plans continue to be evaluated; soil sampling results being preliminary in nature and are not conclusive evidence of the likelihood of a mineral deposit; title to properties; and those factors described in the most recently filed management's discussion a nd analysis of the Company. Although the forward-looking statements contained in this news release are contained in this news release are included in the most recent analysis of the Company.