Power Nickel taps global expert Dr. Steve Beresford to provide technical and strategic advice



Former First Quantum (NASDAQ: ), Chief Geologist at MMG and Chief Geoscientist at IGO Ltd.

toronto, May 1, 2024 /PRNewswire/ – Power Nickel Corporation (the “Company” or “Power Nickel”) (TSX: PNPN) (OTCBB: PNPNF) (Frankfurt: IVV) is pleased to announce that internationally renowned geoscientist Dr. Steve Beresford Already joined Power Nickel Serves as special advisor.

PhD. Steve BeresfordFAIG FSEG's (FAIG FSEG) career includes roles as chief geologist, lecturer and professor for three major mining companies and founder of several exploration companies. Steve began his exploration career with WMC Resources and subsequently conducted field exploration in 66 countries, primarily targeting magmatic nickel-copper-platinum group element deposits.Steve is currently an adjunct professor at the school University of Western Australiaand board member of AGEMERA Europe.Steve received his BSc Honors and Ph.D. University of Canterbury (New Zealand).

“The first time I met Dr. Beresford When my son marked this YouTube video on Ni-Cu-PGE deposits: https://www.youtube.com/watch?v=2hxWbW2NVdc&ab_channel=GeologicalSocietyofAustraliaInc.1 Watching this video, I was very impressed with his knowledge and expertise on this type of deposit. I think there are a lot of similarities with Nisk, and if I can convince Steve that Nisk has the potential to be a giant, his expertise will be very beneficial. Ken Williamson The VP of Discovery and I had a technical discussion Dr. Beresford, we were able to convince him to help.I'll let Steve describe in his own words why he joined and what comes from Power NickelFrom our perspective, we are very excited to be working with Nisk, the top experts in this type of discovery. We believe his knowledge will accelerate our exploration program and understanding of Nix, giving us the best chance of success. Power Nickel CEO Terry Lynch.

in explaining why he joined Power Nickel, Dr. Beresford “It takes more than 500 solo dives for a BASE jumper to start wearing a wingsuit,” said. “I have spent my career studying various forms of nickel sulfide around the world, working to focus on a more advanced class of materials called polymetals.” High-value nickel deposit subtype Ni-Cu-PGE deposit, delineated high-grade metal deposit, in which the value of copper and precious metals (PGE, Au, Ag) is equivalent to that of nickel, not just the two largest credits. The metal deposit is this type of deposit, Norilisk.2 Polymetallic deposits remain the dominant deposit type throughout the market cycle. NISK has a geodynamic background and prospect-scale characterization of zoned metal systems, so I look forward to joining Power Nickel The team will promote the transformation of NISK into a polymetallic deposit.

As part of his compensation, Dr. Beresford will be paid in advance $100,000 A cash consulting fee to review the Company's technical information within a 12-month period and to provide such other technical input as the Company may reasonably request and require.

The Company expects to conduct further tradable private placement financing (the “Private Placement”) quebec investors through Wealth Creation Preservation and Donation Corporation (“WCPD”). WCPD has partnered with the Company on certain flow-through financings in 2023 as a less dilutive way for the Company to raise funds for exploration, with common shares available for back-end purchase from front-end flow-through purchasers.The company plans to issue 250,000 copies with a circulation price of $0.80 Total revenue per circulating unit $200,000.Each Unit consists of one share of outstanding common stock (an “FT Share”) and one stock purchase warrant, each Warrant exercisable to purchase one share of common stock at a price of $0.80 Each common share is valid for three years from the date of issuance. Each FT share will qualify as a “tradable share” for FT purposes. Income Tax Act (Canada). All securities issued in this private placement are subject to a statutory holding period of four months and one day.This private placement is subject to receipt by the company TSX Venture Exchange Agree.

The Company intends to use the total proceeds for exploration activities at the Company's properties located in NISK quebec.

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1 The reference video is for reference only, and the company states that the information in the video does not form part of the company's disclosure record. Any references to similarities to NISK are for informational purposes only and are not a guarantee that NISK will achieve the same results as the properties and projects depicted in the film.

2 The deposit types mentioned and the similarities to NISK are for reference only and there is no guarantee that NISK will achieve the same results as these projects.

Qualified person

Kenneth WilliamsonGio, master., Vice President of Discovery Power Nickelis the qualified person to review and approve the technical disclosures contained in this release.

about Power Nickel Corporation

Power Nickel is a Canadian junior exploration company focused on developing the high-grade Nisk project into CanadaThe first carbon neutral nickel mine.

The NISK property includes a significant onshore location (20 km strike length) and a number of high-grade intercepts. Power Nickel Committed to expanding historical high-grade nickel-copper PGE mineralization through a series of drilling programs designed to test the initial Nisk discovery and explore land packages adjacent to potential nickel deposits.

In addition to Nisk projects, Power Nickel own large amounts of land in the UK Colombia and Chile.The Company is reorganizing these assets into related instruments through a scheme of arrangement, which will be submitted to Power Nickel for approval by stockholders of record.

get Power NickelFor a corporate presentation, please use the link below:

http://powernickel.com/corporate_presentation.pdf

Neither TSX Venture Exchange Its regulatory services provider also does not accept responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

This communication contains certain statements that may be deemed to be “forward-looking statements” about the Company within the meaning of applicable securities laws. Forward-looking statements are statements that are not historical facts and are often, but not always, identified by words such as “anticipate,” “plan,” “anticipate,” “believe,” “intend,” “estimate,” “project” and other words. ”, “indicates”, “opportunity”, “could” and similar expressions, or events or conditions “will”, “will”, “could”, “might” or “should” occur. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and are subject to risks and uncertainties, and actual results or realities may differ from those in the forward-looking statements. There is a material difference in results or reality. Such material risks and uncertainties include, but are not limited to, the timing of the Company's completion of the Private Placement; the risk that the Company will develop the NISK Deposits at any time or at all; the risk that it will raise sufficient funds to satisfy its obligations under its future property agreements; maintaining the good standing of its mineral rights and concessions; exploring and developing its projects; changes in economic conditions or financial markets; the inherent dangers associated with mineral exploration and mining operations; future prices of nickel and other metals; changes in general economic conditions; the accuracy of mineral resource and reserve estimates; the potential for new discoveries; the Company’s ability to obtain the necessary licenses and consents required for exploration, drilling and development projects and, if accepted, to obtain such on a timely basis consistent with the Company’s plans and business objectives for the applicable projects permits and approvals; the Company's overall ability to monetize its mineral resources; changes in environmental and other laws or regulations that may have an impact on the Company's operations, compliance with environmental laws and regulations, reliance on key management personnel and overall competition in the mining industry.





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