Nuinsco Resources Limited announced that results from the re-logging of drill core and a review of historic data indicate the presence of higher grade domains of phosphate/apatite mineralization at the Prairie Lake Critical Minerals and phosphate project than reported in the Company's mineral resource estimate dated May 31, 2022 which could have a positive impact on the Prairie Lake resource. The Study identified the presence of substantial domains of phoscorite rock containing higher-grade phosphate mineralization associated with elevated content of the mineral apatite. This indicates the potential for larger domains of high-grade phosphate and REEs occurring within the already very large Critical Minerals MRE at the Project.

In places, abundant phoscorite rock with apatite mineralization is observed over tens of metres in drill core ­ resulting in sizeable, measured intersections with phosphate and REE grades substantially higher than the average grade of the MRE. Prairie Lake, located near Terrace Bay, Ont., has amongst the world's highest known light rare earth element content in apatite and contains a host of other REE bearing minerals, as well as niobium-bearing pyrochlore, and phosphate mineralization. Metallurgical studies to date demonstrate that a clean phosphate concentrate, grading 26% P2O5 at 76% recovery with ample room for improvement, and with valuable rare earth element co-concentrate, can be reliably produced from Prairie Lake feed.

The Prairie Lake project contains a large, well-located resource of critical minerals in North America. It is a potential source of elements needed for applications in transportation, power distribution, green technologies and a host of other applications, including agriculture. It is of immense value to a secure critical minerals supply chain; a strategic concern identified by numerous governments in the recent past and addressed with incentives and programs to encourage development of the critical minerals sector.

The Project is located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The towns of Marathon, Terrace Bay and other affected communities - all able to supply a local, skilled workforce. All weather forest access road crossing the project and deposit. Paved Highways 17 and 11 to the south and north Canadian Pacific Railway and Canadian National Railway networks.

High capacity (230kV) electrical power transmission line. 50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste.

Marie, able to handle ocean going ships. The Marathon airport.