FPX Nickel Corp. announced results from Phase 1 of an ongoing three-phase metallurgical test program to support the continued development of the Company's Baptiste Nickel Project (Baptiste or the Project) at the Decar Nickel District in central British Columbia. The metallurgical test program is aimed at validating and optimizing the flowsheet outlined in the Project's 2020 Preliminary Economic Assessment (PEA), and to support the development of a preliminary feasibility study (PFS). Phase 1 of the metallurgical testwork program, the results of which are described herein, had the following key objectives: Development of robust comminution criteria to define the best value comminution technology. Validation of the primary magnetic separation grade-recovery relationship to confirm the coarse primary grind size (P80 of 300 mm) and pre-concentration (rejection of 85% of fresh plant feed in the primary magnetic separation stage). Confirming the ability to create a magnetics-only flotation feed to validate the PEA's efficient, modestly-sized, 2-stage flotation process. The objectives of the Phase 2 and 3 metallurgical testwork programs are described in the final section of this news release. Phase 1 Testwork – Description & Results: Phase 1 of the Baptiste metallurgical testwork program was conducted at several laboratories and overseen by Jeffrey B. Austin, P.Eng., President of International Metallurgical and Environmental Inc. Comminution Testwork: The Company completed diverse test programs on a variety of representative samples to characterize the performance of Baptiste material under multiple crushing and grinding scenarios. The key takeaways from this testwork include: SAG mill testing results indicate consistent, medium-hard material across the deposit, suggesting relatively stable SAG mill throughput. Ball mill testing results indicate consistent, medium-hard to hard material, with an approximately 10% lower hardness profile in mining phase 1 (first 17 years of mining) versus the later phases of the mine life. Abrasion testing results indicate consistent, mildly abrasive material, thereby reducing operating consumables. Test results suggest that SAG milling may emerge as the best value comminution technology for Baptiste, which could lead to lower capital intensity than the HPGR approach in the PEA. Comminution testwork included grindability testwork conducted at ALS Kamloops and pilot-scale HPGR testwork conducted at both UBC and Corem. Grindability testwork utilized six new composite samples representing the PEA's three major mining phases. Pilot-scale HPGR testing at UBC and Corem utilized a newly created life-of-mine master composite created from historic drill core. SAG Mill Comminution (SMC) testwork results confirm the Baptiste material is medium-hard from a SAG milling perspective. Across all phases of the mine life, Axb values are tightly-clustered in the range of 41.4-48.0. Similarly, SAG Circuit Specific Energy (SCSE) values are tightly-clustered in the range of 9.1-9.7 kWh/t. There does not appear to be a discernible trend for SMC values throughput the resource, supporting the conclusion that the deposit is largely homogeneous for potential SAG mill throughput. Ball mill work index testwork results confirm the Baptiste material is medium-hard to hard from a ball milling perspective. Phase 1 material represents the first 17 years of mining and is medium-hard, with tightly-clustered values ranging from 19.6-20.9 kWh/t. Phase 2 material represent the northern extension of the deposit along the resource axis and is harder with values ranging from 22.5-22.9 kWh/t, representing an approximate 10% increase as compared to Phase 1. Phase 3 material is drawn from an area immediately adjacent to the Phase 1 mining area and has a similar hardness value of 20.6 kWh/t. Abrasion index (Ai) testwork results confirm the Baptiste material has low abrasivity. Measured Ai values averaged 0.007, with a maximum value of 0.010. The low abrasion index value is expected to result in comparable operating consumable consumption to other existing large-scale SAG mill circuit processing ultramafic material, which is generally lower than comparably sized porphyry (or similar) operations.