EV NICKEL INC. (TSXV: EVNI) ('EVNi' or the 'Company') today announced the filing of a National Instrument 43-101 ('NI 43-101') technical report (the 'Technical Report') supporting the maiden mineral resource estimate for the 'A Zone', part of its Large-Scale nickel target in the northeast of its Shaw Dome Project, referred to as the Carman-Langmuir or, 'CarLang Area' (the 'Property').

The A Zone is located approximately 30 kilometres southeast of Timmins, Ontario.

The Technical Report was prepared in accordance with Canadian Securities Administrators' NI 43-101 Standards of Disclosure for Mineral Projects and Form 43-101F1 (together 'NI 43-101') and is available for review on SEDAR (sedar.com) and the Company's website (evnickel.com).

The filing of the enormous Maiden Mineral Resource for our Large Scale A Zone is a major milestone for EV Nickel,' said Sean Samson, President & CEO. 'The ability of the Company to advance a project from grassroots exploration to one of the largest nickel resources in the world in less than a year demonstrates the potential of the CarLang Area and is a testament to the strength of our technical team. This report will form the foundation of the CarLang Area and highlights the reasons why we believe that the CarLang should be ranked at the top of the list for Large-Scale projects moving forward. It is unmatched in its size potential, the ease of access and the thin overburden covering the mineralization. This Clean Nickel is critical to the Energy Transition and we have much of what the world requires, just outside of Timmins.'

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking information. Such forward-looking statements or information are provided for the purpose of providing information about management's current expectations and plans relating to the future. Readers are cautioned that reliance on such information may not be appropriate for other purposes. Any such forward-looking information may be identified by words such as 'anticipate', 'proposed', 'estimates', 'would', 'expects', 'intends', 'plans', 'may', 'will', and similar expressions. Forward-looking statements or information are based on a number of factors and assumptions which have been used to develop such statements and information, but which may prove to be incorrect. Although EV Nickel believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward-looking statements because the Company can give no assurance that such expectations will prove to be correct. Factors that could cause actual results to differ materially from those described in such forward-looking information include, but are not limited to, changes in business plans and strategies, market conditions, share price, best use of available cash, the ability of the Company to raise sufficient capital to fund its obligations under various contractual arrangements, to maintain its mineral tenures and concessions in good standing, and to explore and develop its projects and for general working capital purposes, changes in economic conditions or financial markets, the inherent hazards associated with mineral exploration, future prices of metals and other commodities, environmental challenges and risks, the Company's ability to obtain the necessary permits and consents required to explore, drill and develop its projects and if obtained, to obtain such permits and consents in a timely fashion relative to the Company's plans and business objectives, changes in environmental and other laws or regulations that could have an impact on the Company's operations, compliance with such laws and regulations, the Company's ability to obtain required shareholder or regulatory approvals, dependence on key management personnel, natural disasters and global pandemics, including COVID-19 and general competition in the mining industry. These risks, as well as others, could cause actual results and events to vary significantly. The forward-looking information in this press release reflects the current expectations, assumptions and/or beliefs of EV Nickel based on information currently available to the Company. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking information, whether as a result of new information, future events or results or expressly qualified by this cautionary statement.

Contact:

Email: info@evnickel.com.

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