QUEBEC NICKEL CORP - QNICF STOCK NEWS

Québec Nickel Corp. (CSE: QNI; OTCQB: QNICF) announced its participation in the Vancouver Resource Investment Conference on January 29-30, 2023, showcasing high-grade NI-CU-PGE drill core from the Fortin Sill Zone. The Company's 2022 exploration highlighted include a 1,717 line-kilometer VTEM survey, over 21,000 meters drilled, and significant core intersections such as 18.50 meters @ 0.44% Ni in drill hole QDG-22-09. They raised over $8.5 million in financing to fund 2023 projects, launching a winter drilling program on January 20. Key institutional support came from Québec-based funds.

Québec Nickel Corp. (CSE: QNI; OTCQB: QNICF) announces the launch of its winter 2023 drilling program at the Ducros Ni-Cu-PGE Project, located northeast of Val-d’Or, Québec. Following a successful financing round raising over $8.5 million, the company plans to drill approximately 20,000 metres this year. The drilling, awarded to Orbit Garant Drilling Inc., targets the Fortin Sill Zone, Ducros Ultramafic Sill Complex, and Ducros Gabbro. Initial drilling is set to begin soon, focusing on expanding mineralized zones and testing high-priority geophysical anomalies.

Québec Nickel Corp. has successfully completed its inaugural 2022 drilling program at the Ducros Project, with over 21,000 meters drilled across 91 holes. Assay results from four holes at the Fortin Sill Zone show promising mineralization, including significant grades in nickel, copper, and platinum-group metals. The company aims to conduct a winter campaign with up to 20,000 meters of new drilling planned for 2023, focusing on unexplored areas within the Ducros claims. A refined geological model supports ongoing exploration efforts to discover additional mineral deposits at depth.

Québec Nickel Corp. (CSE: QNI) announces a private placement to raise up to $10 million. This includes $5 million of units at $0.20 each, $2 million of flow-through shares at $0.24, and $3 million of Québec flow-through shares at $0.25. The funds will support Canadian exploration expenses. The offering is led by EMD Financial Inc. and is expected to close around December 8, 2022. The company aims to use proceeds for general working capital and exploration projects.

Québec Nickel Corp. (OTCQB: QNICF) announces ongoing drilling at the Fortin Sill Ni-Cu-PGE Zone with two rigs targeting extensions and anomalies. The inaugural drilling program at the Ducros Ultramafic Sill Complex is completed, revealing favorable rock types. A significant 20,000 metres exploration drilling program is planned for 2023, focusing on multiple geophysical anomalies at Ducros Gabbro and DUSC. Previous drilling reported an 8.43 metre intersection of 1.85% Ni, 1.65% Cu, and 3.27 g/t Pt-Pd-Au, showcasing the potential of the Fortin Sill Zone.

Québec Nickel Corp. (OTCQB: QNICF) has announced an expansion of sulphide mineralization at the Fortin Sill Zone within its Ducros Project, located near Val-d’Or, Québec. Recent drilling with hole QDG-22-38 has identified significant new sulphide-bearing zones, with similar mineralization as found in previous drill hole QDG-22-09, which reported 31 metres averaging 0.37% Ni, 0.40% Cu, and 0.55 g/t Pt-Pd-Au. Additional drilling is planned to further explore this mineralization, enhancing the potential for resource development.

Québec Nickel Corp. (CSE: QNI; OTCQB: QNICF) has added a third diamond drill rig at its Ducros Project in Quebec, following successful drilling results at the Fortin Sill Zone. Notably, hole QDG-22-29 intersected an 8.43-meter section assaying 1.85% Ni and 1.65% Cu. The ongoing 20,000-meter drilling program aims to better understand mineralization and expand the current resource base. In addition, summer work programs have been completed, including channel sampling and surveying to aid exploration efforts.

Québec Nickel Corp. (CSE: QNI; OTCQB: QNICF) announced the commencement of a second drill rig at its Ducros Ni-Cu-PGE property in Québec, targeting the Ducros Ultramafic Sill Complex. The new rig will complete approximately 3,000 meters of drilling over nine weeks. Additionally, the company received a permit for further drilling at the Fortin Sill Zone, following promising assay results of 1.85% Ni and 1.65% Cu. The total planned drilling at the Fortin Sill is 5,000-6,000 meters, expected to be completed by the end of the year.

Québec Nickel Corp. (OTCQB: QNICF) announced significant assay results from the summer 2022 channel sampling program at the Fortin Sill discovery outcrop. Notable findings include greater than 1.50% Ni + Cu and 2.0 g/t Pt-Pd-Au. Step-out drilling highlighted: hole QDG-22-28 with a 29.90 metre interval averaging 0.30% Ni, and hole QDG-22-29 showing 1.44% Ni over 11.80 metres. A permit application for additional expansion drilling is underway. This press release underscores the growing potential of the Ducros project located northeast of Val-d'Or, Québec.