Class 1 Nickel and Technologies Ltd. announced the results of its 2022-2023 exploration program (diamond drilling, Borehole EM, surface TDEM, Drone Mag-LiDAR) on its Somanike Nickel Sulphide Project in the central Abitibi Region of Québec. The 6,882 ha (148 mining claims) Project, acquired by the Company in early 2021, is located about 25 km north of the mining centre of Malartic, 40 km northwest of Val-d?Or, and 60 km east of Rouyn-Noranda includes the historical Marbridge Ni-Cu Mine which closed in 1968. 2022-2023 Drilling (true width) and Exploration Highlights: NICO22-022: 0.7 m @ 2.29% Ni from 69.5 m. NICO22-048: 1.0 m @ 2.30% Ni from 474.6 m. NICO22-049: 0.7 m @ 3.11% Ni from 598.7 m and 0.7 m @ 1.64% Ni from 601.0 m. NICO22-025: 0.6 m @ 1.35% Ni from 12.0 m. NICO22-038: 1.9 m @ 0.93% Ni from 321.0 m including 0.14 m @ 6.21% Ni.

NICO22-038: 0.2 m @ 2.03% Ni from 334.4 m. NICO22-033: 1.5 m @ 1.53% Ni from 150.0 m including 0.75 m @ 2.28% Ni. NICO22-036: 3.5 m @ 1.07% Ni from 76.0 m including 1.60 m @ 1.48% Ni. Exploration drill hole NICO22-017 intersected 0.48% Ni over 1.0 m. Mine 1 Horizon extended to the southeast and open on geophysical evidence.

Four (4) new and untested off-hole BHEM targets generated within the Mine 1 mineralized sequence and its footwall.