Mosaic Minerals Corporation announced part of the results of the work program consisting of eight drill holes for a total of 2,484 meters on the Gaboury project. Highlights: GA-23-23 intersects 135 meters at a grade of 0.34% Ni including 33 meters at a grade of 0.48% Ni: GA-23-26 intersects 206.7 meters at a grade of 0.23% Ni including 30 meters at a grade of 0.35% Ni as well as 18.0 meters at a grade of 0.40% Ni: GA-23-24 reveals 61.5 meters at a grade of 0.22% Ni including 33.0 meters at a grade of 0.26% Ni; GA-23-16 and GA-23-20 confirm the nickel potential of the East Pike zone by intersecting ultramafic units with thicknesses varying from 45.0 to 84.0 m (analyses in progress). The drilling program completed in recent weeks is described as a success by The Company?s management since it made it possible to test the potential of the main nickel showings: Pike West, Pike Center, and Pike East and to confirm its nickel potential over a length of more than 4.5 km.

The presence of zinc, cobalt, copper, and gold is also noted in this geological environment associated with several high intensity magnetic anomalies. The Company's management is considering a new, more intensive drilling program in the various zones identified by drilling as well as carrying out a geological and prospecting survey covering all the magnetic anomalies located in the immediate environment of the Pike East, Center, and West zones. These campaigns could be carried out during the current winter as well as next spring.

Drilling holes GA-23-23, GA-23-24 and GA-23-26 were carried out in the western part while drilling GA-23-17 was located in the central part. Drill holes GA-23-16, GA-23-19 and GA-23-20 were carried out in the eastern part of the project. The company also tested, without results, a magnetic anomaly located north of the Pike West showing with drilling GA-23-18.

All drill holes except GA-23-18 and GA-23-19 intersected the ultramafic zones sought over thicknesses ranging from 44 meters to more than 200 meters. These results coupled with previous results seem to confirm a potential nickel-bearing zone of several kilometers. Furthermore, following a study carried out using thin-slice petrographic analysis, the company noted the presence of sulphides as well as three types of nickel minerals: millerite, violarite and pentlandite in the different nickel samples observed by Laurentia Exploration.

These sulphides are very fine, which indicates a dissolution of nickel from ultramafic rocks. The nickel concentration in this type of magmatic deposit remains possible in this geological environment.