EV Nickel Inc. Update on Corporate Activity

EV Nickel Inc. Update on Corporate Activity

THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

EV Nickel Inc. (TSX-V: EVNI) ("EV Nickel" or the "Company") updates

  • The Company announces the grant of incentive stock options (the "Options") to acquire a total of 380,000 common shares of the Company at an exercise price of $0.20 per share. Pursuant to the terms of the stock option agreements, one-third of the Options shall vest immediately, one-third shall vest on the first anniversary of the date hereof, and one-third shall vest on the second anniversary of the date hereof. The options shall have a five years term. These options were granted to directors and officers of the Company.
  • The Company also announces it has granted restricted stock units ("RSUs") covering an aggregate of 650,000 shares of EVNi common stock. These RSUs were granted to officers of the Company. Pursuant to the terms of the RSU agreements, one-third shall vest on the first anniversary of the date hereof, one-third shall vest on the second anniversary of the date hereof and one-third shall vest on the third anniversary of the date hereof. Vesting is subject to the participant's continued service with the Company.

About EV Nickel

EV Nickel's mission is to accelerate the transition to clean energy. It is a Canadian nickel exploration company, focussed on the Shaw Dome area, south of Timmins, Ontario. The Shaw Dome area is home to its Langmuir Project which includes W4, the basis of a 2010 historical estimate of 677K tonnes @ 1.00% Ni, ~15M lbs of Class 1 Nickel. EV Nickel plans to grow and advance a nickel business, targeting the growing demand for Class 1 Nickel, from the electric vehicle battery sector. EV Nickel has almost 9,100 hectares to explore across the Shaw Dome and has identified 30km of additional favourable strike length.

Contact Information

For further information, contact: Sean Samson, Chief Executive Officer at samson@evnickel.com.

EV Nickel Inc.
200 - 150 King St. W,
Toronto, ON M5H 1J9
www.evnickel.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy of this release.

SOURCE: EV Nickel Inc.



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EV Nickel announces continued High-Grade Nickel Intersections from Langmuir, completing the Phase 1 Drilling

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

  • The second half of the Phase 1 drill program on the Langmuir Nickel Project included:
    • EV21-09 intersects 15.7 metres grading 1.14% Ni on eastern margin of W4
    • EV21-01 intersection extended to 19.5 metres grading 0.96% Ni
  • These results now confirm nickel sulphide mineralization to the east and west of the W4 Zone
  • Phase 2 drilling starts now, on additional high priority targets, full details of the plan to be released next week

EV Nickel Inc. (TSXV:EVNI) ("EVNi" or the "Company") is pleased to report the assay results for the full Phase 1 drill program on the Langmuir Nickel Project ("Langmuir" or the "Property"). Building off of the first half results shared in December (see December 8, 2021 News Release), Rogue continues to identify high-grade mineralization along trend of the W4 Zone

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EV Nickel Announces High-Grade Nickel Intersections From Langmuir Project

NOT FOR DISSEMINATION IN THE UNITED STATES OF AMERICA OR TO US WIRE SERVICES

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