Premium Nickel Resources Ltd. reported additional assay results from drilling at its past-producing nickel-copper-cobalt sulphide ("Ni-Cu-Co") Selebi North underground ("SNUG") mine in Botswana. Previous results for 43 holes were released in nine separate news releases between November 14, 2023 and March 27, 2024. The company continue to see significant nickel, copper and cobalt grades within and down plunge of the historic resource.

Results for additional down plunge holes are pending and will be captured in the Company's pending MRE. Following the completion of MRE drilling, company will continue infill and exploratory drilling at Selebi North to expand and upgrade the classification of the resource. The primary focus of this drill program is to convert the existing historic resource and to define additional mineralization down plunge of the existing workings that will be used to complete a MRE prepared in accordance with NI 43-101.