Fathom Nickel Inc. announced the completion of the Fall 2023 drill program at the historic Gochager Lake deposit within the Company's 22,620 Ha Gochager Lake Project. Furthermore, the Company cautions the reader the presentation of semi-massive to massive sulphide mineralization photographs is not to be construed as potential contained metal. Laboratory assay results will determine the amount of contained metal in this style of mineralization. Assay results are expected within the next four-five weeks. The Saskatchewan Mineral Deposit Index (SMID#0880) reports drill indicated reserves at the historic Gochagers Lake Deposit of 4,262,400 tons grading 0.295% Ni and 0.081% Cu mineable by open pit. Fathom cannot confirm the resource estimate, nor the parameters and methods used to prepare the reserve estimate. The Company anticipates the receipt of assay results from the 2023 Fall drill program within four to five weeks. The Company will release results of the BHEM survey analysis in the coming weeks. In addition to drilling and geophysics, the Company
completed some baseline soil geochemistry profiles in the area of the 2008 VTEM anomaly that was tested by GL23011, as well as overtop some other prominent VTEM/TDEM anomalies. Initial ground prospecting
was also performed in and around the areas of the Mal Lake nickel occurrence and the Borys Lake Zn-Pb- Ag deposit. Results of this work will be released in the coming weeks as well.