EV Nickel Reports Significant High-Grade Intersection of 34.60m Grading 1.06% Nickel at Langmuir #2

EV Nickel Inc. announced on May 7, 2026, high-grade nickel intercepts from its 2026 diamond drilling program at the Langmuir #2 / Langmuir South Project in Ontario. The headline result comes from drill hole EV26-L08, which intersected 34.60m grading 1.06% Nickel, including a higher-grade interval of 5.60m grading 3.00% Ni. This hole confirms a down-plunge extension of mineralization associated with the basal contact of a peridotitic host unit. The current spring exploration program consists of four diamond drill holes totaling 1,772 metres targeting the Langmuir South Zone and extensions below/along strike from the historic Langmuir #2 Mine. All three reported holes in this specific program (L06, L07, L08) have intersected significant nickel mineralization. The project benefits from existing historical infrastructure, including a capped 440-metre-deep shaft.

• Contextual Consistency: This news is a follow-up to the April 15, 2026 announcement which reported 9.80m @ 1.20% Ni from the same program and explicitly stated that results for the remaining three holes were pending. Therefore, this release is expected rather than unexpected.
• Grade Quality: The inclusion of 3.00% Ni over 5.60m is high-grade for nickel sulphide and supports the historical context of the Langmuir #2 Mine (1978 closure with 1.45% Ni average). It validates the exploration model but does not yet constitute a new resource estimate.
• Market Impact: Given the small market capitalization (~$26M), high-grade intercepts can drive sentiment, but since this confirms an announced program's potential rather than revealing a surprise discovery, it is categorized as Routine - Positive. It reduces technical risk regarding the Langmuir asset but does not materially alter the valuation model established by the March 2026 Gemini North Resource Estimate.
• Comparison to History: The grades are consistent with the April result (1.20% Ni) and historical mine data (1.45% Ni), suggesting continuity rather than a step-change in deposit size or grade potential at this stage.

• Company: EV Nickel Inc. is a nickel exploration and development company focused on the Shaw Dome Project near Timmins, Ontario.
• Flagship Projects:
  • Gemini North Zone: Recently defined with a Maiden Mineral Resource Estimate (March 2026) of 93.5 Mt at 0.23% Ni. Targeted for open-pit development.
  • Langmuir #2 / South: Historic underground mine site being re-explored for high-grade sulphide mineralization. Current focus is on defining continuity and potential for underground mining.
  • CarLang A Deposit: Large-scale resource (1 Billion tonnes @ 0.24% Ni) serving as the long-term bulk tonnage anchor.
• Strategy: Develop multiple nickel assets to create a centralized processing plant, leveraging critical metals supply chain demand in Canada.