NiCAN Limited reported that it has mobilized a diamond drill and geophysical crew to the Wine Property located in the Snow Lake area, Manitoba, Canada. This diamond drill program will follow up on the previously announced results at the Wine Occurrence. Highlights: Diamond drill mobilized to the Wine Property to test the extent of the Wine Occurrence and additional geophysical targets.

Anticipate completing 6-8 additional holes before the end of March. Geophysical crew mobilized to the Wine Property to identify potential deep-seated nickel and VMS targets. Analogies to Historical Lynn Lake Nickel Deposits: NiCAN believes that the nickel mineralization hosted by the Wine Gabbro may have analogies to the nickel-copper deposits in the Lynn Lake area, which is to the north of the Wine property.

At Lynn Lake, approximately 22.2 million tonnes averaging 1.0% nickel and 0.5% copper were historically mined at the Farley Mine. The Farley Mine consisted of multiple lenses of mineralization contained within a 4.2 km2 gabbro body. The Wine Gabbro area contains numerous similarities and has seen very little exploration for nickel-copper deposits.