NickelSearch Limited advised that drilling has commenced at the Company's Carlingup Nickel Project near Ravensthorpe, Western Australia. The Reverse Circulation (RC) drill program will initially test high priority nickel sulphide targets at RAV8, Sexton and Javelin that have been defined through the completion of geochemical and geophysical programs. The program will be subject to ongoing refinement based on visual drilling and assay results. The Company has engaged Three Rivers Drilling (TRD) to provide an RC rig for this initial drilling program.

TRD has previously worked with NIS and therefore have a good understanding of the operating restrictions and ground conditions in the area, especially the use of above-ground sumps to catch all ground water lifted to surface by the drilling, minimising disturbance to the local environment. The program is initially planned to be two holes into each of the three priority areas. More holes are planned in each area, but these are dependent on the results from this initial program.

The holes are planned to be between 80 and 260m deep and will be lined with pvc piping to ensure they stay open for follow up DHEM. The initial program is planned to be completed by the end of October 2022 and will be reviewed for follow up work on these and additional targets for commencement in the second half of November 2022 based on results. The Company is also pleased to announce that it has engaged the services of John Crossing of Compass Geological, a renowned Geological mapping expert, to conduct outcrop mapping on all tenements to which NickelSearch has access.

This highly valuable exercise is underway and will add greatly to future targeting activities.