EV Minerals Corporation reported initial assay results from the first seven holes of its inaugural drilling at the EVM Nickel-Copper-Cobalt Project (" EVM Nickel Project") in the Saguenay-Lac-Saint-Jean Region, Quebec. Drilling for the northern portion of the Main Zone (Holes 883-23-004 to -006) and Eastern Anomaly (883-23-007 to -009, 883-23-012) are reported in this release. Remaining results from the southern portion of the Main Zone (Holes 883-23-001 to -003), Northern Zone (883-23-010 to -011), and Eastern Anomaly (South drilling, 883-23-013) will be reported in an upcoming press release.

Drilling at the EVM Nickel Project included drill hole 883-23-004 which intersected 0.21% Nickel (Ni), 0.07% Copper (Cu), and 0.02% Cobalt (Co) over 5.55 metres (m) from 5.15 m, including 0.96% Ni, 0.15% Cu, and 0.05% Co over 0.75 m from 6.15 m. Additionally, EV Minerals is also able to confirm deposit expansion potential with the presence of Nickel mineralization at deeper levels than reported historically. Results from the northern three sections of the Main Zone and the Eastern Anomaly are highlighted in Figures 2 to 6 and Table 1. The 2023 Main Zone drilling confirmed the historic report of nickel and copper mineralization in the Main Zone. The nickel uncovered near surface, as well as deeper pockets uncovered in the 2023 drilling, outlines the many opportunities to expand the deposit at the EVM Nickel Project.

Highlights. In the three northernmost confirmatory drill holes, massive to semi-massive sulphide sections were intersected in all three holes (883-23-004, -005 and -006) and confirmed historic intersections: 883-23-004 intersected a wide, shallow mineralized section, grading 0.21% Ni, 0.07% Cu, and 0.02% Co over 5.55 m from 5.15 m, includes 0.96% Ni,0.15% Cu, and0.05% Co over 0.,75 m from 6.15m in a locally massive sulphide section within anorthositic gabbro.883-23-004 also intersected an additional wide, shallow mineralized section., grading 0.35% Ni, 0.20% Cu, and 0.04% Co over 9.70 m within a massive sulphide section in gabbro. The disseminated sulphides encountered in the Eastern Anomaly could be indicating a halo of mineralization surrounding a large, deeper body.

EVM will be focusing on using this valuable drilling data to develop a geological model, and to further refine targets for their next drill program on the project. With a total strike length of 6.7 kilometres for the two large anomalies, there are many more significant exploration targets to explore.