Nickel One Resources Clarifies Disclosure on the Läntinen Koillismaa PGE-Cu-Ni Project

Nickel One Resources (the “Company” or “Nickel One”) (TSX-V: NNN) is issuing this news release to clarify our disclosure on the Läntinen Koillismaa PGE-Cu-Ni project (“LK Project”), located in north-central Finland, resulting from a review by the British Columbia Securities Commission.
Non-Compliant Disclosure

On April 5, 2017, Nickel One Resources filed a technical report on SEDAR for the LK Project, dated March 18, 2017 (the “Technical Report”). The Company would like to advise that the Technical Report does not comply with the requirements of National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).
The Company would also like to advise that the mineral resources disclosed are not supported by a compliant NI 43-101 technical report and they should not be relied upon until they can be supported by a compliant technical report.

Additionally, in the Company’s Corporate Presentation and an Article dated August 11, 2016 (Rockstone Research) posted on the Company website, the Company made potentially misleading disclosure in reference to the mineral resources along with two non-compliant disclosures of mineral resources (contrary to sections 2.2, 3.2, 3.3, and 3.4 of NI 43-101) in Company news releases (dated October 19, 2016 and February 1, 2017).
The Company retracts these disclosures in their entirety, as they cannot be supported by a compliant technical report.
Click here to read the full text release.