FIRST ATLANTIC NICKEL CRP - FANCF STOCK NEWS

First Atlantic Nickel (TSXV: FAN, OTCQB: FANCF) announces significant expansion of awaruite mineralization at the RPM Zone within its Atlantic Nickel Project in Newfoundland. Step-out drilling has confirmed mineralization across 500 meters width, with large awaruite grains up to 1,000 microns identified.

Key drilling results include: RPM-DDH003, a 200-meter step-out hole, intersected 378 meters of visual nickel-alloy mineralization; RPM-DDH002 extended mineralization by approximately 300 meters laterally. The RPM Zone remains open for expansion in all directions, with mineralization appearing more substantial to the east.

Phase 2 drilling permits have been submitted and are expected to be granted for winter drilling, focusing on deeper mineralization and extending both strike length and width.

First Atlantic Nickel has selected a new drill core processing and storage facility in Grand Falls-Windsor, Newfoundland, replacing their temporary tent structure. Located within 50 km of the Atlantic Lake Property, this facility will support ongoing Phase 1 drilling activities and future operations along the 30 km nickel trend.

The company also highlighted the RPM Zone discovery, where the first drill hole reached 394 meters depth with visible disseminated nickel-iron alloy (awaruite) mineralization from surface to bottom. The awaruite grains increased in size with depth, often exceeding 500 microns, well above the 10-micron threshold for effective magnetic separation. The zone spans approximately 2.6 km in length and 400-600 meters in width.

First Atlantic Nickel (TSXV: FAN) has submitted applications for new drill permits to expand drilling at the RPM Zone, located 25 km south of Atlantic Lake. The company plans to construct a direct access route enabling year-round access and accommodation of heavier drill rigs. The first discovery hole (RPM DDH001) reached 394 meters depth, revealing large-grained, visible awaruite mineralization from surface to end, with grain sizes often exceeding 500 microns. The RPM Zone spans approximately 2.6 km in length and 400-600 meters in width, exhibiting a strong magnetic anomaly. The company is preparing for a Phase 2 drilling program while awaiting current results.

First Atlantic Nickel has announced a new discovery at its RPM Zone in the Atlantic Nickel Project, Newfoundland. The first drill hole intersected 394 meters of visible, disseminated nickel-iron alloy (awaruite) mineralization from surface. Located 10 km south of Super Gulp Zone and 25 km south of Atlantic Lake, the discovery shows increasing awaruite grain sizes with depth, frequently exceeding 25 microns, with numerous 500+ micron grains observed. XRF analysis confirmed nickel and chromium presence throughout the hole. The heavily fractured host rock suggests potential for lower-cost mining methods. The discovery extends known mineralization across the project's 30 km nickel trend.

First Atlantic Nickel Corp (TSXV: FAN) announces successful drilling results at its Atlantic Nickel Project in Newfoundland. The first hole at Super Gulp zone intersected visible awaruite (natural nickel-iron alloy) throughout a 297-meter depth, located 16km south of historical drilling at Atlantic Lake. Notable discoveries include awaruite grain sizes up to 250 microns, well above the 10-micron threshold for effective magnetic separation. The drilling program continues at multiple high-priority targets including RPM, Chrome Pond, and Big Gulp zones across the project's 30km nickel trend. The heavily fractured host rock suggests potential for low-cost mining methods.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) has commenced drilling at its 100% owned Atlantic Nickel Project in Newfoundland, Canada, following new awaruite discoveries across a 30 km nickel trend. The drilling program targets multiple high-priority nickel zones, including the newly discovered RPM and Super Gulp areas, which have never been drilled before.

Key highlights include:

• Multiple target areas with potential volumes ranging from 500 million to over 1 billion tonnes
• Recent sampling program identified new and expanded awaruite nickel-alloy zones
• Awaruite's properties enable smelter-free magnetic separation, aligning with US Electric Vehicle IRA requirements
• The project aims to contribute to a more secure and resilient nickel supply chain for North America

The drilling focuses on areas with high geochemical nickel concentrations and confirmed visual awaruite occurrences along the 30 km nickel trend within a large-scale ultramafic sequence.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) has closed the acquisition of the Atlantis Nickel Project in Newfoundland. The project covers 13 mining licenses with 547 mineral claims spanning 13,675 hectares. Key highlights include:

- Located in the St. Anthony Complex and White Hills Peridotite
- Historic assays reported 54.05% Chromium and 0.37% Nickel
- Excellent infrastructure with nearby highway and power lines
- First Atlantic plans detailed data compilation and preliminary sampling

The acquisition terms include a $5,000 cash payment and 4,000,000 common shares issued to the optionors. The project is subject to a 2% NSR royalty, with First Atlantic retaining a buyback option for half the royalty.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) announces new discoveries and expansion of multiple awaruite zones at its Atlantic Nickel Project in Newfoundland, Canada. The company has mobilized a drill rig for its first drilling program, focusing on high-priority targets identified through a summer sampling program. Key highlights include:

1. Discovery of two new high-priority nickel zones: RPM and Super Gulp
2. Completion of a regional LiDAR survey
3. Potential for smelter-free nickel production aligning with US EV requirements
4. Acquisition of the Atlantis Ultramafic Project in northern Newfoundland

The sampling program validated and expanded drilling targets across a 25 km stretch of the 30 km nickel trend. The company emphasizes the potential of awaruite as a cleaner, safer, and domestically processable nickel source to reduce reliance on China-dominated foreign refining and smelting.

First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) reports significant progress at its Atlantic Nickel Project in Newfoundland, Canada. Key developments include:

• Completion of Phase 1 road upgrades with three new bridges
• Establishment of an all-weather camp on-site
• Ongoing district-scale awaruite nickel sampling program along a 30 km trend
• Initiation of a district-wide airborne LiDAR survey
• Preparations for a 2024 drilling program

The project benefits from strategic location, year-round access, and proximity to infrastructure. Awaruite, a nickel-iron alloy, is highlighted as a potential solution to North America's nickel concentrate shortage, offering easier concentration and environmentally safer processing compared to conventional nickel sources.