Class 1 Nickel Confirms 3+ km PGE-Trend and Samples 1.11 g/t Pd+Pt+Au at the River Valley PGE-Cu-Ni Project, Ontario, Canada

Executive Summary

• Class 1 Nickel completed a 73‑sample rock‑grab program on its River Valley PGE‑Cu‑Ni Project, reporting multiple assays with up to 0.96% Cu, 0.19% Ni and 3.28 g/t Ag, plus notable 3E (Pd+Pt+Au) grades.
• Eleven high‑grade inclusion‑bearing samples returned 0.26–1.11 g/t 3E, 0.04–0.96% Cu and 0.02–0.17% Ni, generating new drill targets on the Crerar and North PGE trends.
• The company plans a surface geophysics program followed by a drilling campaign in the near future to test these targets.

Key Details

• Project Scope: River Valley Project covers ~2,916 ha with Contact‑Style PGE‑Cu‑Ni sulphide mineralisation hosted by the River Valley Intrusion.
• Sampling Program: 73 rock grab samples collected from outcrop; assays performed for Cu, Ni, Ag and 3E (Pd+Pt+Au).
• Top Assay Highlights:
• 0.96 % Cu, 0.17 % Ni, 0.47 g/t 3E, 3.28 g/t Ag.
• 0.54 % Cu, 0.19 g/t 3E, 0.54 g/t Ag.
• 1.11 g/t 3E, 0.77 g/t Ag.
• High‑Grade Inclusion Samples (11): 0.26–1.11 g/t 3E; 0.04–0.96 % Cu; 0.02–0.17 % Ni.
• Future Work: Planned surface geophysics on the North PGE Trend and Crerar PGE Trend, followed by a drilling program to test newly identified targets.
• Historical Context: References historic 2001 Mustang Minerals diamond drill results (e.g., up to 2.26 g/t 3E over 1.5 m).
• Qualified Person: Dr. Scott Jobin‑Bevans, P.Geo., reviewed and approved technical data per NI 43‑101.

Notable Quotes

“Results from this surface sampling program… give us confidence to continue with additional exploration in the target areas… in order to plan and complete a drilling program in the near future.” – David Fitch, CEO, Class 1 Nickel.