Fathom Nickel Inc. provided an exploration update for the recently completed drilling at the Company's Gochager Lake Project. The Company was recently informed that final assay results should be completed within the next 10 days. Awaiting the assays, the Company has been actively evaluating and interpreting the preliminary results, including pXRF data and borehole electromagnetic data (BHEM).

The drillholes completed to date at the Gochager Lake project have intersected multiple zones of semi-massive sulphide mineralization that is both very nickeliferous and very conductive. The zones of semi-massive sulphides occur within a steeply plunging, "chute-like" orientation, within a broad halo of nickel-bearing, disseminated sulphide mineralization. This validates Fathom's exploration thesis that within the historic Gochager Lake deposit1, previously unrecognized steeply oriented, high-grade nickel-copper-cobalt bearing chute(s) exist within a very broad halo of nickel- bearing chute(s) exists within a very broad hala of nickel-bearing disseminated sulphide mineralization".

Furthermore, and perhaps more importantly, there is building evidence, based on both BHEM data and the occurrence of multiple examples of massive sulphide veins isolated from the disseminated halo mineralization, that there is a potential "feeder" system/zone of significant massive sulphides proximal to drillholes completed to date.