EV Minerals Corporation announced that the Company has completed detailed logging of all of the core from the December 2023 exploration program on the EV Nickel- Copper-Cobalt Project (" EV Nickel Project"), located in the Saguenay-Lac-Saint-Jean Region, Quebec. Additionally, EV Minerals has submitted a total of 559 samples from 514.41 metres of core for assaying. The 2023 Exploration drilling campaign included 13 drill holes totaling 1,142.7 metres.

A total of 6 holes for 423 metres were drilled as confirmatory drilling in the Main Zone area, and a total of 7 holes for 719.7 metres were drilled as exploratory drilling into multiple target zones on the Property. The targets of the exploratory drilling were selected based on strong geophysical anomalies (North Eastern Anomaly, Main and South, and Northern Zone) which were explained by broad (tens of metres) zones of interconnected disseminated and net suphides. A larger follow-up drill program is currently being planned for the near future.

Detailed logging in the Main Zone confirmed the semi-massive to massive sections of sulphide mineralization within gabbroic anorthosites and gabbros, which was expected based on historic drill log information. Semi-massive to massive sulphide zones contained pyrrhotite, pyrite, and trace chalcopyrite, such as in hole 883-23-003. Initial detailed logging in the exploratory holes drilled in the North Eastern Anomaly indicate sulphide mineralization is more uniformly disseminated over wide intersections, with local clusters/bands of pyrite and pyrrhotite present.

For example, hole 883-23-008 intersected a disseminated sulphide zone containing up to 10% (visual estimate) sub-millimetres sulphides, including pyrrhotite, Pyrite, and traces of chalcopyrite, over an apparent width of 56 metres. Interpretation of the lithology, structures, and mineralization encountered is ongoing. Detailed logging was completed by the IOS Services Geoscientifiques (IOS) team.

This involved systematic recording of all lithologies (major and minor units), alteration, mineralization, structures, and veining encountered. High-quality photos of all core boxes were taken. IOS also utilizes an Olympus Vanta portable XRF (X-Ray Fluorescence) analyzer to measure in-situe nickel tenor in sulphides, which range from 1.5% in massive facies to 2.5% Ni in disseminated sulphides.

The Project is located north of Saguenay Quebec and is easily accessible by numerous forest service roads. The EV Nickel Project has an undeveloped resource of 5.585 million tonnes with grades of 0.21% Ni, 0.11% Cu and 0.03% Co (NI 43-101 non-compliant resource). The EV Nickel Project (formerly, the McNickel or Poisson Blanc deposit) was discovered in 1987 with a major drilling campaign completed in 1989 by a junior explorer.

The claims host a magmatic sulphide deposit consisting of disseminated, stringer and massive nickel, copper, and cobalt mineralization in a gabbro - leucogabbro host rock. The deposit is located at the margin of the expansive Lac-St-Jean anorthosite Complex. Thomas Clark, Claude Hebert.

ET 98-02.