Québec Nickel Corp. reported the start of its winter 2023 drilling program at the Ducros Ni-Cu-PGE Project, located approximately 80 kilometres northeast of Val-d'Or, Québec. Upon completion of its recent highly successful financing, which saw more than $8.5 million dollars raised, the Company aims to complete approximately 20,000 metres of drilling in 2023.

The 2023 drilling contract has been awarded to Val-d'Or-based Orbit Garant Drilling Inc. who will supply up to three diamond drills throughout the course of the year to complete the planned 20,000 metre drill program. There are currently two drills on the property and field crews are actively preparing access trails to the various targets. Drilling is expected to begin within the next ten days and is planned at the Fortin Sill Zone, Ducros Ultramafic Sill Complex and Ducros Gabbro targets.

At the Fortin Sill Zone, drilling is focused on the continued evaluation and expansion of the Ni-Cu-PGE-mineralized mafic to ultramafic intrusion as well as the testing and exploration of the updated geological model. Drilling at the Ducros Ultramafic Sill Complex and Ducros Gabbro targets is focussed on testing the numerous high-priority geophysical anomalies derived from the integration and 3-D modelling of the geophysical surveys completed during the 2022 exploration program at Ducros, including the VTEM™, drone-based magnetics and airborne Falcon gravity surveys. Gary DeSchutter, M.Sc., P.Geo., Vice-President of Exploration for Québec Nickel Corp., and a Qualified Person (“QP”) as defined under National Instrument 43-101 (“NI 43-101”), has reviewed, and approved the scientific and technical content of this press release.