Power Nickel's Hole 79 Delivers Impressive Results; Winter 2025 Drill Campaign Commences

Power Nickel Inc. (TSXV: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) has announced impressive assay results from Hole 79 at its Lion Zone discovery, with the hole delivering 10.25 metres of 4.29% CuEq1, including a higher-grade interval of 6.26% CuEq1 over 10.25 metres. These results further validate the potential of the Lion Zone and set the stage for the Company's winter 2025 drill campaign.

The Lion Zone, discovered in 2024, has been a significant source of high-grade polymetallic mineralization for Power Nickel. The zone is associated with an ultramafic rock unit that outcrops at surface for 1.8 kilometers and has been intercepted across a strike length of 550 meters. The mineralized zone is characterized by semi-massive to massive chalcopyrite-rich mineralization, which appears to be plunging with a rake of 45 degrees to the west.

Hole 79's assay results demonstrate the continued potential of the Lion Zone, with the hole intersecting the zone at a depth of approximately 250 meters. The results include 19.60 meters of 1.27 g/t Au, 20.30 g/t Ag, 2.53% Cu, 1.01 g/t Pd, 2.42 g/t Pt, and 0.15% Ni, with a higher-grade interval of 12.50 meters of 0.31 g/t Au, 16.22 g/t Ag, 3.01% Cu, 1.49 g/t Pd, 3.14 g/t Pt, and 0.17% Ni. This interval includes an even higher-grade section of 4.50 meters of 0.53 g/t Au, 32.71 g/t Ag, 6.40% Cu, 3.74 g/t Pd, 5.73 g/t Pt, and 0.35% Ni.



The winter 2025 drill campaign will build on the success of previous drilling efforts and aims to expand the Lion Zone further. The campaign will focus on stepping out an additional 150 meters to the west of the current zone, as well as exploring promising ground 250 meters east of the Lion Discovery. The Company will continue to use downhole EM in all new holes, providing valuable insights into the mineralized zone's behavior and potential extensions.



Power Nickel's CEO, Terry Lynch, commented on the assay results and the upcoming drill campaign, stating, "The Lion Zone continues to deliver fantastic results, with Hole 79 being another example of the zone's potential. Our winter 2025 drill campaign will focus on expanding the Lion Zone further, both to the west and east, as we continue to learn more about this exciting discovery."

The Lion Zone's potential for economic viability is further enhanced by the high-grade polymetallic mineralization it contains, which includes copper, platinum, palladium, gold, and silver. As the Company continues to explore and develop the zone, it will be crucial to consider the environmental and social impacts of its operations, ensuring that the project remains sustainable and responsible.

In conclusion, Power Nickel's Hole 79 assay results demonstrate the continued potential of the Lion Zone, and the winter 2025 drill campaign promises to further expand the zone and test its economic viability. As the Company moves forward, it will be essential to maintain a balance between exploration, development, and responsible resource management.