SPC Nickel Corp. announced the maiden Mineral Resource Estimate for the West Graham Project, part of the Company's large-scale Ni-Cu property in the southwest corner of the Sudbury Basin, referred to as the Lockerby East Property. The MRE shows Indicated Resources of 224.8 million pounds of contained nickel and 155.0 million pounds of contained copper and further Inferred Resources of 86.2 million pounds of contained nickel and 57.5 million pounds of contained copper.

The MRE, in accordance with National Instrument 43-101 is effective as of December 4, 2023, was produced following the consolidation of the Project in January 2023 through an agreement with Vale Canada. Following that consolidation, SPC Nickel completed a diamond drilling program (67 holes totaling 14,180 metres) in connection with producing the MRE. Highlights: In-Pit Resource at a 0.3% NiEq 1 Cutoff Grade Indicated Resource of 19.3 Mt at 0.42% Ni, 0.28% Cu (0.57% NiEq2) Inferred Resource of 3.3 Mt at 0.37% Ni, 0.28%, Cu (0.53% NiEq2) in connection with producing theMRE.

Highlights: In- Pit Resource at a 0. 3% NiEq 1 Cut off Grade Indicated Resource of 19.,3 Mt at 0.42%, 0.28% Cu (0.57% NiEq 2) Inferred Resource of 3.,3 Mt at 0.37%. NiEq2) In-Pit Resource extends from surface to a vertical depth of 435 metres. Future Expansion: Potential to expand the ' higher-grade' (>0.9% NiEq2) zones within the In-Pit Resource with additional infill drilling.

To produce a Mineral Resource Estimate within 12 months of signing an agreement to consolidate the asset with Vale in January 2023, is a tremendous achievement by team. The geometry of the mineralization at West Graham, its amenability to low-cost open-pit mining methods, the availability of local skilled labour, proximity to power, transportation and processing infrastructure, including both nickel sulphide mills and smelters, favourably positions the project for a near-term path to production. The West Graham Deposit, as well as the larger Lockerby East Property, retains remarkable exploration upside and its maiden Mineral Resource is a vital step towards unlocking and realising that potential.

Mineral Resources include near surface mineralization with potential for open-pit mining, as well as higher grade mineralization amenable to conventional underground mining methods.