Nine Mile Metals to Hire Windfall Geotek's AI Services for the Properties Located in the Bathurst Mining Camp & Acquire a New Claim Block

(via TheNewswire)

DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Brossard, Quebec - TheNewswire - February 9, 2023– Windfall Geotek(TSXV:WIN),(OTC:WINKF),(FSE:L7C2)a leader in the use of Artificial Intelligence (AI) with advanced knowledge-extraction techniques since 2005 in the mining sector is pleased to announce it has signed a contract to provide AI Mineral Exploration Targeting services forNINE MILE METALS LTD. (CSE:NINE, OTCQB:VMSXF, FSE:KQ9) on its properties in New Brunswick, Canada. Additionally, Nine Mile Metals has acquired a claim from Windfall Geotek in exchange for stock compensation and a royalty. The claim is subject to a 2% net smelter return (“NSR”), with the right to purchase back 50% of the 2% NSR.

 

Figure 1: New Brunswick Claim #10161 drawn in white border acquired by Nine Mile Metals.

Dinesh Kandanchatta, Chairman of Windfall added,“We are excited to work with Patrick and the Nine Mile Metals Team on this project. Technologies such as ChatGPT are expanding the art of the possible with AI. Visionaries like Patrick are leading the expansion of AI adoption in the exploration sector. This multi year program represents what is possible when AI driven technology companies and exploration companies work together.”

Patrick J. Cruickshank, MBA, CEO & Director states,“This acquisition of West Nine Mile Brook, is a valuable addition to our Nine Mile Brook VMS Portfolio. The Nine Mile Mineralized Synform continues through our new property and has never been tested. We have identified (3) high priority targets within the folded trend and as you can see, numerous VMS occurrences have been discovered on this trend and nodes. We are committed to continuing to enlarge our geophysical footprint in the BMC and add quality value for our shareholders through growth and acquisition strategies. Our work with Windfall Geotek’s and its proprietary Artificial Intelligence analysis will be applied to our entire project portfolio (Nine Mile Brook, California Lake And our Canoe Landing Lake (E&W). Working with EarthEX Geophysical Solutions Inc., Windfall and our entire Technical Team is focused on increasing shareholder value and driving ourexploration program to success. This analysis compliments and carries all our programs to the leading edge advanced stages in our future programs here at Nine Mile Metals.”

About Windfall Geotek–Powered by Artificial Intelligence (AI) since 2005

Windfall is an Artificial Intelligence company that has been in business for over 15 years developing its proprietary CARDS analysis (AI) and data mining techniques.Windfall Geotek can count on a multidisciplinary team that includes professionals in geophysics, geology, Artificial Intelligence, and mathematics.It combines available public and private datasets including geophysical, drill hole and surface data. The algorithms designed and employed by Windfall are calculated to highlight areas of interest that have the potential to be geologically similar to other gold deposits and mineralization.The Company's objective is to develop a new royalty stream by significantly enhancing and participating in the exploration success rate of mining and to continue the Land Mine detection application as a high priority.Windfall has played a part in numerous past discoveries utilizing its methodology as described at:https://windfallgeotek.com/.

For further information, please contact:

Email: [e-mail]

Website:www.windfallgeotek.com

Additional information about the Company is available under Windfall Geotek’s profile on SEDAR atwww.sedar.com. Neither the TSX Venture Exchange nor does its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.

 

FORWARD-LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and using information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees, and they are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

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