Fathom Nickel Inc. announced receipt of assays from the limited two-hole drilling program completed at the Albert Lake Project. Albert Lake Exploration: Assay and pXRF results recorded from drillholes AL23073 and AL23074 demonstrate anomalous Ni with associated mafic-ultramafic pathfinder elements Cr and Mg. The anomalous to highly anomalous Cr and Mg, occurring within the drillholes is suggestive of an ultramafic source in the vicinity of the drillholes.

Borehole electromagnetic surveys (BHEM) of both drillholes has identified prominent and distant zones of offhole conductivity in front of and above both drillholes (centred at approximately 80 m in AL23073 and centred at approximately 115 m in AL23074). Drillhole AL23074 detected an additional offhole response centred at a depth of approximately 270 m.