Fathom Nickel Inc. provided an update to the ongoing Gochager Lake drill program. Through March 30, 2024, the Company has completed four drillholes totaling 1,779 meters drilled. Drilling is anticipated to be completed by the second week of April and complete assays results are expected by the last week of May.

The current drill program at Gochager Lake was designed to test continuity of mineralization outside the known boundaries of the historic deposit - both at depth and along strike. The first four drillholes of the campaign have all intersected significant mineralization and semi-massive mineralization has been confirmed to depths of 423 meters (drillhole depth), the deepest known mineralization to date at Gochager Lake. Drillhole GL24014, the furthest west hole drilled to date, also intersected significant zones of mineralization, providing further proof the deposit remains open to the west.

The company can also confirm, based on geology and on the identification of off-hole conductors recognized through borehole electromagnetic probes ("BHEM"), that the deposit remains very much open to depth.