EV Nickel Intersects 1.20% Nickel Over 9.80 Metres at Langmuir South

EV Nickel Inc. announced drill results from hole EV26-L05 at its Langmuir South Nickel Project on April 15, 2026. The hole intersected 9.80 metres grading 1.20% Nickel (Ni), including higher-grade intervals of 2.30m @ 2.03% Ni and 2.45m @ 1.49% Ni. Mineralization is described as disseminated to blebby sulphides with high nickel tenors (25-47%). The intercept occurred at a shallow vertical depth of less than 300 metres. This result is part of an ongoing 1,772-metre diamond drill program consisting of four holes total designed to test the Langmuir South Zone and extensions below/along strike from the historic Langmuir #2 Mine. Assay results for the remaining three drill holes are pending. The project benefits from proximity to existing infrastructure at the historic mine which reported reserves of 600,000 tonnes @ 1.45% Ni prior to closing in 1978.

The news is categorized as Routine - Positive. While the grade (1.20% Ni) is significantly higher than the recently announced Gemini North Indicated Resource (0.27% Ni), this result represents only one of four holes in a current program. It confirms the high-grade potential previously hinted at with hole EV24-L04 (reported Nov 2025) but does not yet constitute a new resource estimate or material change to the company's asset base compared to the March 2026 Gemini North Maiden MRE. The market likely anticipated drilling results following the November 2025 claim acquisition. The value driver remains the pending results of the remaining three holes and the integration of this high-grade zone into a future resource model alongside the bulk-tonnage Gemini North asset.

EV Nickel Inc. is a nickel exploration and development company focused on the Shaw Dome Project near Timmins, Ontario. The flagship asset is the CarLang Trend, which includes the bulk-tonnage CarLang A deposit (PEA completed May 2025) and the higher-grade Gemini North Zone (Maiden MRE March 2026). The company also holds the Langmuir #2/South project with historic high-grade production and the W4 Zone. Strategy focuses on developing a centralized processing plant to service multiple deposits along the ~10km strike length.