Churchill Resources Inc. provided an operational update for it's Taylor Brook Ni-Cu-Co Project in western Newfoundland. Fieldwork has been near constant since early June and is continuing into November with a 5,000m program of deeper holes at Layden that is expected to continue through the winter. Mobile MT surveying has also been commissioned along the entire Layden/TBGC corridor which will augment previous detailed Heli-GT magnetic and VTEM coverage to map potential low resistivity/conductor target areas at depth as have been identified at Layden.

A 5,000m drill program will commence in early November to test previously undetected CSAMT Layden targets at depths of -175m to -675m. A ten hole, cumulative 534.5m, program was completed using an innovative drill rig fabricated by MCL Drilling of Deer Lake, NL. The rig consists of a Winkie drill, set-up for 45-degree holes, on a tracked vehicle that has a very small footprint and is suitable for ATV trails.

An array of ten holes were drilled south of the Layden Show to better delineate the gabbronorite-Western Dyke area as well as high-grade intersections in holes TB-22-20 and TB-22-30. Expert Geophysics Limited will commence a Mobile MT survey over the entire Layden-Taylor Brook South Lobe corridor in early November, following completion of a calibration test-survey over the Layden CSAMT survey area. As well the Company reported that SHA Geophysics has completed the detailed Heli-GT expansion survey to cover the rest of the Taylor Brook Gabbro South Lobe.

MCL Drilling will be mobilizing to Taylor Brook on November 6th to commence the drill program, which is expected to run through the winter. Thus far five holes have been planned, per Figure 2, targeting compelling resistivity low features at depths between -175m and -625m below surface. 50m x 25m follow-up grids will be sampled over a number of these to better refine whether geophysical, trenching, or drill targets are present.

Taylor Brook Project consists of nine 100% Churchill-owned map-staked licenses containing 705 claims totaling 176.25 km2. Altius retains a 1.6% gross sales royalty on seven licenses, and a 2.0% NSR is retained by local prospectors on two small licenses totaling 4.75km2. Churchill's 2023 program at Taylor Brook includes property-wide soil sampling and prospecting, a CSAMT survey over the Layden Gabbronorite, completion of the high-resolution detailed aeromagnetic coverage of the South Lobe area, stripping/trenching, and diamond drilling.

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 additional 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; business integration risks; fluctuations in general macroeconomic conditions; fluctuations in general macro economic conditions; fluctuations 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 speculative nature of mineral exploration & labour; the speculative nature of Mineral exploration and development (including the risks of obtaining necessary licenses, and labour; the risks of obtaining necessary licenses; risks of obtaining necessary licenses, as the necessary licenses, and development (including the necessary licenses, and development; and development (including the necessary license, and development (including the Company's mineral exploration and development; and mining.