Fathom Nickel Inc. announced the results of the Q3-2021 drilling program at its wholly owned Albert Lake Property and the commencement of the Q1-2022 drilling program. The Albert Lake Property is host to the historic Rottenstone mine, a past producer of high-grade nickel, copper and platinum group metals. Q3-2021 Drill Results: The Q3-2021 drill program consisted of 13 diamond drill holes totaling 3,106 meters located in the south-central region of the Albert Lake property. Anomalous Ni, Cu and PGE mineralization was detected in 11 of the 13 holes, including the occurrence of Rottenstone-like stratigraphy in a 13-meter interval in hole AL21029 (located in "the Dime Area"). Hole AL21029 was drilled to test a 2021 B-horizon soil geochemical anomaly and intersected Rottenstone-like stratigraphy (ultramafic, pegmatite) at 136.53-148.72m: This drilling success is of particular significance for two reasons. First, the location for hole AL21029 was chosen based on a Cr, Mg, Ni-Cu-Co + Pd-Pt geochemical anomaly that was identified during the summer-2021 surface soil sampling program. Management is very encouraged by the accuracy of soil geochemistry as part of the "fingerprinting" process helping to identify areas of Rottenstone-like stratigraphy and mineralization. With a total of 5,719 soil samples obtained and analysed thus far at Albert Lake, soil geochemistry will be an increasingly important exploration tool as the company seek to identify additional mineralized deposits. Secondly, the existence of Rottenstone-like stratigraphy and mineralization identified in the Dime Area a significant distance of 4.2 km south of the historic Rottenstone Mine supports the Company's exploration premise that the Rottenstone deposit is not an isolated occurrence at Albert Lake. Q1-2022 Drill Program: The Q1-2022 winter program will consist of a 5,000-meter drill program commencing the week of January 10th 2022. This program was recently expanded from the originally planned 3,000 meters after the successful completion of the Company's $4 million (gross proceeds) flow through financing on November 29, 2021. Diamond drilling will initially focus on the follow-up of the 2 most prospective target areas - the Island Showing and the Dime Area. Additional drill targets are expected to be refined as the geological team completes and further processes information from BHEM, geophysical and airborne targeting initiatives. Quality Assurance /Quality Control (QA /QC) Statement: Fathom implements an industry-standard QA /QC for all field and diamond drill programs. Fathom through the services of TerraLogic Exploration insert QA /QC samples in its diamond drill programs at a rate of 1 sample per approximately every 12-13 sample collected. Standards sourced from CDN Resource Laboratories and CCRMP were inserted into the sample stream at a rate of 1 in 30 samples. Additionally, Lab duplicates (coarse rejects) were inserted and positioned in the sample sequence at a rate of 1 in 30 samples and positioned in the sample sequence alternating with standards to result in a QA /QC insertion rate of no less than 1 in 15 samples. Blanks were inserted at the start of every sample batch and additionally after samples of anticipated high-grade or high sulphide content. Assaying is performed at ALS Canada Ltd. ALS is an accredited laboratory; (SCC - CAN-P-1579 and CAN-P-4E ISO/IEC 17025) and is independent of Fathom. All drill core samples are analyzed using a 4-Acid digestion followed by 33 element ICP-AES analyses (Code ME-ICP61). Over limit Ni, Cu results are further analyzed by 4-Acid ore grade elements ICP-AES process (Code ME-OG62). Analyses for Au, Pd and Pt utilized the ore grade Pt, Pd and Au by ICP- AES (Code PGM-ICP27). Qualified Person and Data Verification: Ian Fraser, PGeo., VP Exploration and a Director of the Company and the "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company.