Fathom Nickel Expands the Gochager Lake Property and Announces Delay of Summer Field Exploration

About this update from Fathom Nickel, Inc.

Highlights Company Update Webinar: Shareholders, investors and stakeholders are invited to attend Fathom Nickel's live update webinar taking place at 8:00 AM MST/10:00 AM EST today, Wednesday June 11, 2025. Link here: https://us06web.zoom.us/j/82545797840?pwd=8ZLAaoMmmVDywS5kVQrO8TYwbQGPxn.1 Calgary, Alberta--(Newsfile Corp. - June 11, 2025) - Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) (the " Company " or " Fathom ") is pleased to announce that it has expanded the Gochager Lake Property, through direct staking with the Government of Saskatchewan's Ministry of Energy and Resources. Additionally, due to the current wildfire situation in north-central Saskatchewan, the Company has been forced to postpone the planned Gochager Lake field program until later this summer. About The Expanded Gochager Lake Property Area (Figure 1): Ian Fraser, Fathom CEO and VP Exploration stated, "The Gochager Lake Property area is very well endowed and not just with nickel-copper-cobalt showings and deposits. The Borys Lake VMS zinc-lead-silver mineralization cannot be overlooked. With renewed attention being drawn to gold opportunities in Saskatchewan, we feel it is prudent to not overlook gold potential at the Gochager Lake Property. The Ni-Cu-Co mineralization attracted us to the Gochager Lake property in the first place - and continues to remain our focus. However, our most recent property expansion was motivated by a number of factors, including: 1) our ever evolving understanding of the greater property area and increased potential for additional magmatic nickel sulphide deposits; 2) a very prospective (and open) regional VMS begging for a focused exploration approach, and; 3) the potential for an orogenic gold discovery. This recent property acquisition has significantly expanded our playing field. I would also like to personally, and on behalf of our Company ,express our sadness to learn of the damage and losses suffered by the residents in and around La Ronge and surrounding areas resulting from this year's wildfires. We commend the bravery and dedication of those individuals who not only protected and saved their own properties, but the property of many other La Ronge residents. I have heard the stories firsthand - the heroism and the spirit of the community continues to prevail. Our thoughts and best wishes are extended to Fathom's stakeholders, suppliers, and friends as we work through these most trying of times." Figure 1 To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/7843/255221_71fef5c5246a3899_002full.jpg 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 support the green energy transition and to secure the supply of North American Critical Minerals. 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 was host to the historic and past producing Rottenstone Mine 8 (produced 28,724 tons @3.3% Ni, 1.8% Cu, 9.63 g/t 3E (Pd-Pt+Au) 1965-1969), and 2) the 34,000+ hectare Gochager Lake Project that is host to a historic, NI43-101 non-compliant open pit resource consisting of 4.3M tons at 0.295% Ni and 0.081% Cu 1 , and 3) the 10,000+ hectare Friesen Lake Project located 40km southwest of the historic Rottenstone Mine and 30km northwest of the historic Gochager Lake deposit. ON BEHALF OF THE BOARD "Ian Fraser" CEO, VP Exploration, Director For further information, please contact: Ian Fraser, CEO, VP Exploration 1-403-650-9760 [email protected] Or Doug Porter, President and CFO 1-403-870-4349 [email protected] Forward-Looking Statements: This news release contains "forward-looking statements" that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "seek", "intend", "believe", "anticipate", "estimate", "suggest", "indicate" and other similar words or statements that certain events or conditions "may" or "will" occur, and include, without limitation, statements regarding payment of terms under the Option Agreement, permitting for the Property, receipt of an exploration permit, timing of the exploration program on the Property and the Company achieving the earn-in thresholds under the Option Agreement. Forward-looking statements relate to information that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ from those reflected in the forward-looking statements, including, without limitation: risks related to failure to obtain adequate financing on a timely basis and on acceptable terms; risks related to the outcome of legal proceedings; political and regulatory risks associated with mining and exploration; risks related to the maintenance of stock exchange listings; risks related to environmental regulation and liability; the potential for delays in exploration or development activities or the completion of feasibility studies; the uncertainty of profitability; risks and uncertainties relating to the interpretation of drill results, the geology, grade and continuity of mineral deposits; risks related to the inherent uncertainty of production and cost estimates and the potential for unexpected costs and expenses; results of prefeasibility and feasibility studies, and the possibility that future exploration, development or mining results will not be consistent with the Company's expectations; risks related to commodity price fluctuations; and other risks and uncertainties related to the Company's prospects, properties and business detailed elsewhere in the Company's disclosure record. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances except in accordance with applicable securities laws. Actual events or results could differ materially from the Company's expectations or projections. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255221

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