Fathom Announces Commencement of Winter Drill Program at the Gochager Lake Project

About this update from Fathom Nickel, Inc.

Calgary, Alberta--(Newsfile Corp. - March 9, 2026) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) ("Fathom", or the "Company") is pleased to announce that the winter drill program at the Gochager Lake project commenced late in the day of March 6, 2026. Drilling is expected to continue into the first or second week of April, dependent upon prevailing winter conditions. Ian Fraser, Fathom CEO and VP Exploration stated, "Our field crews worked very hard over the course of the past two months to ensure the trail and ice conditions were safe to transport the diamond drill and ancillary equipment to site for the start of this program. With the winter trail now in place, we will eliminate our reliance on helicopter support, resulting in an expected 30% to 35% reduction in total drilling cost per meter. This increased cost efficiency will allow us to drill more meters and, ultimately, more holes in comparison to historical, heli-supported drill programs. This drill program is now well underway, and we look forward to testing along strike of the historic Gochager Lake deposit for more Gochager-like mineralization." The Company is fully funded to complete the proposed drill program of up to 4,000 meters. In the event that the full drill program is not completed before spring break-up in mid-April, we intend to return to Gochager in late May/early June to complete the full 3,000-to-4,000-meter program. Qualified Person and Data Verification Ian Fraser, P.Geo., CEO, VP Exploration and a Director of the Company and the "qualified person" as such term is defined by National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of the Company. About Fathom Nickel Inc. Fathom is an exploration company that is targeting magmatic nickel sulphide discoveries to secure the supply of North American Critical Minerals and to support the global green energy transition. The Company now has a portfolio of three high-quality exploration projects located in the prolific Trans Hudson Corridor in Saskatchewan: 1) The Albert Lake Project, a 90,000+ hectare project that hosts the historic Rottenstone Mine1. Fathom exploration to date at the Albert Lake project confirms: 2) The 33,000+ hectare Gochager Lake Project that hos...

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