FPX Nickel Subsidiary CO2 Lock Corp. Closes $1.1 Million Financing and Provides Technical Update on Standalone Carbon Capture and Storage Project in British Columbia

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to provide an update on the activities of CO2 Lock Corp. (" CO2 Lock "), its majority-owned subsidiary focused on establishing standalone operations for the permanent storage of carbon dioxide in brucite-rich serpentinized peridotite (" BRSP ") host rock. CO2 Lock has successfully completed its latest funding round, raising $1.1 million through a Simple Agreement for Future Equity (" SAFE ") from third-party investors. Proceeds of the SAFE will be used to conduct additional field work and sample collection at CO2 Lock's wholly owned project site Sam, located southwest of Prince George utilizing ultramafic rocks and the mineral brucite for ex-situ carbon dioxide removal (" CDR ") or for in-situ CO 2 storage and sequestration as part of a carbon capture and storage (" CCS ") value chain.

Highlights

Closing of $1.1M SAFE financing, funding CO2 Lock well into 2024
Recent completion of regional structural geology assessment and surficial terrain mapping at 100%-owned Sam project in central British Columbia
Planned commencement of significant, cutting-edge geophysics program to identify areas of higher porosity and permeability for groundwater flow

These technical programs advance CO2 Lock's understanding of key sub-surface parameters for future demonstration and pilot scale in-situ CO ₂ mineralization programs. Groundwater characteristics for in-situ mineralization are driven in large part by faulting and fracturing of the rock mass; with this work, CO2 Lock will be able to prioritize areas with more potential for high hydraulic conductivity most suitable for injection, and to follow up with exploration well drilling for injection testing, including CO ₂ and other tracer elements to demonstrate carbon mineralization in the field.

Background

On March 30, 2022 , FPX announced the formation of CO2 Lock as a self-funding entity to pursue geoscience-related CCS opportunities. FPX retains 100% of the carbon credits associated with CCS on its own properties, and will retain a right to use, free of charge, any intellectual property developed by CO2 Lock for the benefit of FPX's own properties.

CO2 Lock is working on three pathways to commercial CO ₂ storage utilizing BRSP deposits; ex-situ rock, ex-situ water, and in-situ rock. All three pathways utilize labile magnesium cations which combine with CO ₂ to form stable carbonate minerals. Both ex-situ pathways involve processing material from BRSP deposits above ground, mixing rock or water with CO ₂ through various processes, and generating carbon minerals at surface. The in-situ pathway involves injecting CO ₂ rich water into BRSP deposits at depth; this process is similar to Project Orca in Iceland where a joint venture between Carbfix and Climeworks utilize basalts to permanently mineralize CO ₂ in-situ.

Structural and Surficial Geologic Mapping

As part of CO2 Lock's ongoing site characterization work, a structural geology assessment was completed at the Sam project to identify major structures, faults, and stress regimes to identify prospective areas with high hydraulic conductivity. Work was conducted at multiple scales using regional scale data, as well as site specific information from outcrop and geophysics. Hydraulic conductivity is a key parameter for in-situ CO ₂ injection; this structural lineament mapping will be utilized in the design of future exploration and well drilling as CO2 Lock looks to test in-situ CO ₂ mineralization via injection in the near term prior to pilot scale injection design to permanently store captured CO ₂ .

In addition, CO2 Lock completed surficial geology and terrain mapping to characterize surface materials across the Sam project area. This work identified multiple areas with easy access to bedrock for ex-situ sample collection, as well as targets with limited cover for future ground-truthing and exploration as CO2 Lock looks to fully characterize site geology, mineral resources and CO ₂ mineralization capacity.

Geophysics Program

CO2 Lock will also begin a towed transient electromagnetic (" tTEM ") survey at the Sam site. This highly efficient system presents a new method of geophysics to map certain ground conditions and aquifer characteristics in the near-surface which are critical for shallow CO ₂ injection testing. This method provides high resolution data that can be interpreted and integrated with other structural and geologic data to prioritize areas for follow-up drilling and pilot scale testing.

About SAM

Located approximately 50 kilometers southwest of Prince George, BC , the 4084 hectare Sam project was staked in 2022 and hosts a large, serpentinized ultramafic body composed primarily of harzburgite, dunnite, and peridotite. This ultramafic assemblage is very similar to the Baptiste deposit in the Decar Nickel District owned by FPX Nickel Corp. ("FPX") where six years of foundational research on CO ₂ mineralization was conducted, and which forms the basis for CO2 Lock's process. During the 2022 season, CO2 Lock initiated a rock sampling program to assess brucite mineralization of economically sizeable untested ultramafic rocks within the province of British Columbia . The Sam property contains ultramafic bodies identified by the BC Geological Survey through mapping and geophysical surveying along the same trend as the Decar Nickel District, and the Giga Metals Corp.'s Turnagain Nickel Project. These deposits and prospective bodies, including the Sam property, are all hosted within the Cache Creek Terrane, indicating similar geologically temporal and structural formation and obduction. These are key factors for brucite mineralization potential and increases the prospectivity of the Sam ultramafic bodies.

Dr. Peter M.D. Bradshaw , P. Eng., FPX Nickel's Qualified Person under NI 43-101, has reviewed and approved the technical content of this news release.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/September2023/28/c8335.html

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FPX Nickel Announces Results of Baptiste Nickel Project Economic Impact Study

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce the results of an Economic Impact Study (the "Study" ) completed for the Company's Baptiste Nickel Project (" Baptiste " or " the Project "). The Company engaged Mansfield Consulting Inc. to assess the potential regional, provincial, and national economic impact of the Baptiste Nickel Project, based on the findings of the Company's Pre-Feasibility Study ("PFS" ) published in September 2023 .

The Economic Impact Study focuses on quantification of the economic impacts that would be created by the development and ongoing operations of the Project, and assesses the regional employment impacts created by the Project; the Study does not replace or alter the findings of the PFS. Amounts herein are in Canadian Dollars unless otherwise noted.

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FPX Nickel Announces Approval of Normal Course Issuer Bid

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce that it has received approval from the TSX Venture Exchange (the " Exchange ") to proceed with its Normal Course Issuer Bid (the " NCIB ") previously announced on December 2, 2024 .

Under the NCIB, the Company may acquire up to 5,000,000 common shares (" Common Shares "), representing approximately 2% of the current public float of the Common Shares, over the 12-month period commencing December 5, 2024 , and ending on December 5, 2025 .

Purchases of Common Shares will be carried out in the open market through the facilities of the Exchange, in compliance with regulatory requirements at the prevailing market price of the Common Shares at the time of acquisition. The actual number of Common Shares that may be purchased for cancellation and the timing of any such purchases will be determined by the Company and dependent on market conditions. The NCIB will be conducted through Cormark Securities Inc. and made in accordance with the policies of the Exchange.

The funding for any purchases pursuant to the NCIB will be from the available funds of the Company. To the Company's knowledge, none of the directors, senior officers, or other insiders of the Company, has any present intention to sell any Common Shares during the course of the NCIB. During the past 12 months, no Common Shares were purchased by the Company.

The Company is commencing the NCIB because it believes that the market price of its Common Shares is undervalued and does not reflect the value of the Company's assets and future prospects and that the purchase of Common Shares under the NCIB is in the best interest of the Company, a desirable use of its available cash, and will enhance shareholder value in general.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Baptiste Nickel Project, located in central British Columbia , and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite. For more information, please view the Company's website at https://fpxnickel.com/ or contact Martin Turenne , President and CEO, at (604) 681-8600 or ceo@fpxnickel.com .

On behalf of FPX Nickel Corp.

"Martin Turenne"
Martin Turenne , President, CEO and Director
Email: ceo@fpxnickel.com
Phone: 604-681-8600

Forward-Looking Statements

Certain of the statements made and information contained herein is considered "forward-looking information" within the meaning of applicable Canadian securities laws. These statements address future events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company's periodic filings with Canadian securities regulators. Actual results could differ from those currently projected. The Company does not assume the obligation to update any forward-looking statement.

Certain information contained in this press release may constitute forward-looking information under applicable securities laws, including statements related to the Company's NCIB, including the dates and duration of the NCIB and the purchases of Common Shares made thereunder, the continued advancement of Baptiste, and driving additional value to shareholders, advancing global exploration joint venture and other statements that are not historical facts. Often but not always, forward-looking statements can be identified by the use of forward-looking terminology such as "may", "will", "expect", "believe", "estimate", "plan", "could", "should", "would", "outlook", "forecast", "anticipate", "foresee", "continue" or the negative of these terms or variations of them or similar terminology. This information is based on management's reasonable assumptions and beliefs in light of the information currently available to us and are made as of the date of this press release.

Many factors could cause our actual results, level of activity, performance or achievements or future events or developments to differ materially from those expressed or implied by the forward-looking statements, including, without limitation, the factors discussed in the "Risk Factors" section of the Company's annual information form dated April 26, 2024 for the year ended December 31, 2023 (the "AIF"). A copy of the AIF and the Company's other publicly filed documents which can be accessed under the Company's profile on SEDAR+ at www.sedarplus.ca . In addition, there can be no assurance that the Company will repurchase all or any of the Common Shares referred to in this press release under the NCIB. In particular, the purchase by the Company of Common Shares pursuant to the NCIB will depend, among others, on the prevailing market price from time to time of the Common Shares. There can also be no certainty that purchases of Common shares under the NCIB will achieve the desired objectives. In addition, the Company's expectations with respect to Baptiste may be different than anticipated.

The Company cautions that the list of risk factors and uncertainties described in the AIF and the Company's other publicly filed documents is not exhaustive and other factors could also adversely affect its results. Readers are urged to consider the risks, uncertainties and assumptions carefully in evaluating the forward-looking information and are cautioned not to place undue reliance on such information. The forward-looking information contained in this press release represents our expectations as of the date of this press release (or as the date they are otherwise stated to be made), and are subject to change after such date. However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

SOURCE FPX Nickel Corp.

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FPX Nickel Leverages Strong Balance Sheet and Intends to Launch Normal Course Issuer Bid

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce that the Company's board of directors has authorized a Normal Course Issuer Bid (the " NCIB ") to purchase for cancellation, from time to time, as the Company considers advisable, up to 5,000,000 common shares (" Common Shares ") of the Company, representing approximately 2% of the current public float of the Common Shares. The NCIB is subject to approval of the TSX Venture Exchange (the " Exchange "), and the Company has filed a notice of intention with the Exchange in this regard.

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FPX Nickel Rock Sampling Program Establishes Mich Property as Compelling Large-Scale Target with Surface Grades Comparable to Flagship Baptiste Nickel Project

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX " or the " Company ") is pleased to announce the results of a grid-based rock sampling program at the 100% owned Mich property in the Yukon territory. This program has both expanded the footprint of known awaruite mineralization and identified new areas of awaruite mineralization beyond the previous claims boundary. Based on the expanded database of Mich rock sampling results, the grade profile of surface rock samples at Mich is now considered comparable with similar samples at FPX's flagship Baptiste Nickel Project (" Baptiste ") in British Columbia .

Highlights

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FPX Nickel Expands Land Packages at the Decar Nickel District and Klow Project in Central British Columbia

FPX Nickel Corp. (TSXV: FPX) (OTCQB: FPOCF) (" FPX Nickel " or the " Company ") is pleased to announce an expansion that almost doubles the mineral claims package at the Baptiste Nickel Project (" Baptiste " or the " Project "), located within the Company's wholly-owned Decar Nickel District (" Decar "). The total area of the Decar claims package is now approximately 451 km 2 providing several benefits to the development of Baptiste, including geological potential, project development flexibility, and simplification of the regional engagement landscape.

Decar Nickel District Expansion

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Cygnus Metals Ltd. Opens the Market

Ernest Mast, President and Managing Director, Cygnus Metals Ltd. (TSXV: CYG) ("Cygnus Metals" or the "Company"), and his team, joined Robert Peterman, Chief Commercial Officer, Toronto Stock Exchange (TSX), to open the market to celebrate the Company's new listing on TSX Venture Exchange.

Cygnus Metals Limited (TSXV: CYG) (ASX: CY5) is a diversified critical minerals exploration and development company with projects in Quebec, Canada and Western Australia. The Company is dedicated to advancing its Chibougamau Copper-Gold Project in Quebec with an aggressive exploration program to drive resource growth and develop a hub-and-spoke operation model with its centralised processing facility. In addition, Cygnus has quality lithium assets with significant exploration upside in the world-class James Bay district in Quebec, and REE and base metal projects in Western Australia. The Cygnus team has a proven track record of turning exploration success into production enterprises and creating shareholder value.

MEDIA CONTACT:
Laurie Gaborit
Advisor, Investor Relations
lgaborit@cygnusmetals.com
416.219.2049

Paul Armstrong
Read Corporate
+61 8 9388 1474

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/236970

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Bold Ventures Receives Assays up to 68 g/t gold at the Newly Discovered 111 Zone at the Burchell Gold and Copper Property

Bold Ventures Inc. (TSXV: BOL) (the "Company" or "Bold") is pleased to announce that it has received additional grab sample results ranging from 10 ppb Au up to 68,000 ppb Au (68 gt or 2.2 ozt gold (Au)) at the newly identified 111 ("one-eleven") Zone at its Burchell Gold and Copper Property ("the Property"). The samples were collected during a short follow up sampling program in December 2024, in the vicinity of previous samples taken in November 2024. The November samples returned values ranging from

The 8 new samples collected at the 111 Zone in December consist of strongly sheared, strongly silicified, sericitized, tuffaceous mafic to intermediate volcanics, containing generally minor but up to 5% disseminated pyrite, and several fine specks of visible gold in the case of the sample which returned 68 g/t Au. The east-northeast-trending zone has limited exposure and appears to be at least 3 meters wide in outcrop, situated within a broad (>100 m wide) alteration zone that coincides with a prominent magnetic low. The zone of anomalous gold remains open in all directions.

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Criteria	Total GDP ($B)	Total Labour Income ($B)	Total Employment (direct, indirect, and induced jobs)	Total Tax Revenues ($B)
Initial Development (3 years)	3.3	2.2	19,800	0.8
Mine Expansion (2 years)	1.1	0.7	6,500	0.3
Mine Operations (29 years)	41.2	14.6	181,900	14.5
Total	45.6	17.5	208,100	15.6

Criteria	Federal Taxes	Provincial Tax	Municipal Tax
Initial Development (3 years)	421	338	53
Mine Expansion (2 years)	144	117	19
Mine Operations (29 years)	5,616	8,083	753
Total	6,181	8,538	825

Criteria	Initial Development	Phase 1 Operations	Expansion	Phase 2 Operations	Average
Direct Jobs Per Year	2,600	700	1,200	1,000	1,100
Indirect Jobs Per Year	2,300	2,700	3,800	3,800	3,400
Induced Jobs Per Year	1,700	1,500	2,400	2,100	1,900

	Mich Central Zone	Baptiste (Note 1)
Target Size	2.2 km x 575 m	3.2 km x 1.2 km
Number of surface samples	175	158
Samples >0.10% DTR Ni	44% (77 samples)	37% (58 samples)
Samples >0.06% DTR Ni	83% (145 samples)	79% (125 samples)
Samples	17% (30 samples)	21% (33 samples)

Table 1: December 2024 111 Zone Grab Samples
Sample No.	Date	Area	X (UTM Z15)	Y (UTM Z15)	Source	Description	Au ppb
C277092	2024-12-04	111 Zone	676832.3	5380320	Outcrop	Strongly silicified, sheared, sericitized mafic volcanic with rusty yellow-brown (iron carb + sericite?) seams / shear planes, trace pyrite. Outcrop 0.5m NE of C277090 from Nov. (56.9 g/t Au sample).	66
C277093	2024-12-04	111 Zone	676833.1	5380321	Outcrop	Similar to previous but local bands of increased silica alteration associated with pyrite, trace-0.5% overall. Outcrop 1m NE of previous.	10
C277094	2024-12-04	111 Zone	676833.9	5380321	Outcrop	Similar to previous. Outcrop 1m NE of previous.	29
C277095	2024-12-04	111 Zone	676835.5	5380323	Outcrop	Similar to C277092. Outcrop 2.5m NE of previous.	304
C277096	2024-12-04	111 Zone	676835.1	5380323	Outcrop	Similar to C277092. Outcrop 0.5m NW of previous.	54
C277097	2024-12-04	111 Zone	676832.5	5380323	Subcrop	Similar to C277092 but with trace visible gold within or near orange-brown seams / shear planes. Subcrop near Nov. sample C277089.	68000
C277098	2024-12-04	111 Zone	676841	5380329	Outcrop	Similar to C277092 but more quartz-flooded, with 4-5% pyrite as stringers / disseminations.	1810
C277099	2024-12-04	111 Zone	676843	5380327	Outcrop	Strongly silicified, sheared mafic volcanic with minor pyrite. Outcrop 2.5m SE of previous.	80

"Bruce A MacLachlan"	"David B Graham"
Bruce MacLachlan	David Graham
President and COO	CEO

Direct line: (705) 266-0847
Email: bruce@boldventuresinc.com

FPX Nickel Subsidiary CO2 Lock Corp. Closes $1.1 Million Financing and Provides Technical Update on Standalone Carbon Capture and Storage Project in British Columbia

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Key Project

Decar Nickel District - Baptiste Project

Management Team

Martin Turenne - President, CEO and Director

Andrew Osterloh - Vice-president, Projects

Felicia de la Paz - Chief Financial Officer and Corporate Secretary

Dr. Peter M. D. Bradshaw - Chairman

Nigel Fisher - Director, Environment

Jarett Lalonde - Director, Government and Public Affairs

Rob Pease - Director

William H. Myckatyn - Director

Peter Marshall - Director

James S. Gilbert, - Director

Anne Currie - Director

Kim Baird - Director

Dan Apai - Engineering Manager

Tim Bekhuys - SVP, Sustainability and External Relations

Keith Patterson - Vice-president, Generative Exploration

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