Class 1 Nickel and Technologies Ltd. announced that since receiving its second drilling permit in October it has consequently expanded its drill program at its Somanike Nickel-Copper-Cobalt PGEs Project, located near Val-d'Or, Quebec (Canada). Two diamond drills are currently active on the Marbridge Property. Approximately 13,706m in 35 drill holes have been drilled to date.

Assays are pending and are expected early in 2023. The Company's primary focus is to make a major discovery of high-grade magmatic nickel sulfides in an environment of known nickel mineralization with significant opportunity for new discoveries. The drill program has been designed following extensive analyses of and re-interpretation of historical data in context with new geophysical data.

The Company's principal objectives are to: 1) Investigate in situ mineralization at the historical mines, and lateral extent using the new TDEM data as a guide. 2) Investigate TDEM anomalies associated with ultramafic rocks in the footwall and hanging wall stratigraphy that includes ultramafic rocks and lateral extensions of these favorable rocks. 3) Investigate potential for feeder system mineralization.

4) Maximum depth of historical drilling at: a. Mine 1 is 593 metres, immediately down plunge of the mine; b. Mine 2 is 227 metres; and c. Mines 3 and Mine 4 are 132 metres. d. Mineralization is open and its lateral extent is poorly confined. The famous Marbridge Mine, which was the first nickel sulphide producing mine in Quebec, has not been seriously drill tested in more than five decades and has not been assessed by modern geophysical technologies capable of detecting magmatic sulphide deposits.