Fathom Nickel Inc. announced assay results from the seven-hole, September drill program completed at the historic Gochager Lake deposit within the Company's 22,620 Ha Gochager Lake Project. Drillholes GL23006, GL23007 and GL23011 reported no significant results. Drillholes GL23006 and GL23007 intersected multiple zones of weak mineralization >0.10% Ni - 0.25% Ni over thicknesses up to 17.89m. The BHEM probe of GL23007 recognizes the strong conductivity off-hole to the east and associated with semi-massive sulphide mineralization intersected in drillholes GL23003, GL23010. It now appears this chute of high-grade Ni mineralization has a north-northeast strike and not a northeast strike as originally anticipated. Drillhole GL23011 drilled ~ 400 meters to northeast of the deposit area was consistently anomalous in nickel (>100ppm and up to 1290ppm Ni). Gabbro, the Gochager Lake deposit host rock, was logged in the drillhole and the BHEM survey has identified 3 off- hole anomalies. GL23009 has significantly extended the historic Gochager Lake deposit to depth and the deposit remains wide open for expansion to depth. The drillhole intersected the zone of conductivity detected off-hole of historic drillhole GL18002 but based on the strength of the modelled conductivity it is not clear if the 3.25m of semi-massive sulphide mineralization (1.35% Ni) is the exact source of this conductivity. Strong off-hole conductivity has been interpreted in front of GL23009 where zones of disseminated mineralization occur between depths of 43m ­ 217m. The high-grade nickel mineralization intersected in GL23010 is contained within two discreet broad zones of disseminated mineralization. The encompassing halos and higher-grade mineralized chutes within, remain open for expansion to surface and to depth. A third mineralized halo in GL23010 was intersected starting at a depth of 260.05m and continuing to 297.67m (0.21% Ni /37.62m). Mineralization within this interval is very consistent and here to, BHEM conductivity was interpreted to be building to the bottom of the drillhole. The Company will spend the remainder of 2023 continuing to interpret the drilling and geophysical data
sets accumulated in 2023. The Company's goal is to drill 3,000 to 5,000 meters in first quarter of 2024 at Gochager Lake to further delineate the broad mineralized halos and the more conductive and higher-grade mineralization occurring within these halos.