05/28/2025
FOR IMMEDIATE RELEASE
________________________________________
Gatineau, May 28, 2025 – Ni-Co Energy Inc. announces that its technical team will be mobilized to the Kremer property around mid-June 2025. The project is located approximately 90 km north of downtown Montreal and about 15 km from the nearest municipality, in a remote forested area with access via an existing road and close proximity to the hydroelectric grid.
________________________________________
Summer Field Program Priorities (June–July)
• Targeted prospecting of southwest TDEM conductors (Kremer-2)
To verify the presence of outcropping massive or semi-massive sulfides.
• Prospecting of northeast TDEM conductors (Kremer-1 & 2)
To assess the nature of EM anomalies and any associated metallic indicators.
• Analysis of residual conductors in the eastern portion
To refine the global geophysical model ahead of final drill target placement.
________________________________________
Updated Interpretation of the 420 Assays from 2023
The 420 samples from the 22 holes drilled in fall 2023 have been recalculated in terms of nickel equivalent (NiEq %), using metal prices as of May 22, 2025 (Ni = $7.0375/lb, Cu = $4.6559/lb, Co = $15.286/lb).
Indicator Updated Result
Samples > 0.5 % NiEq 134 (≈ 32%)
Samples > 1.0 % NiEq 70 (≈ 17%)
Maximum grade 3.89 % NiEq
Average grade (all samples) 0.48 % NiEq
These data confirm the presence of significant mineralization, which may be associated with a mafic intrusion interpreted from geophysical surveys. Magnetic, gravity, and EM data show remarkable alignment over 8 km, suggesting a highly favorable environment in the central block (Kremer-2) over a 3 km section — an ideal structural setting for the formation of thicker sulfide lenses.
________________________________________
Next Steps – The Company Anticipates Undertaking a Drill Program in the Fall
• Validate the position and dip of key targets through surface work.
• Mobilize two drill rigs in the fall to test the central fold hinge and associated deep conductors.
• Carry out borehole EM (BHEM) surveys after each drill hole to visualize the extension of mineralized zones or detect off-hole conductors.
Photos of the team, outcrops, and trenches will be shared regularly on the company website, as well as on Facebook, LinkedIn, and X during the campaign.
_______________________________________
The scientific and technical information in this news release has been reviewed and approved by Marc Boivin, P.Geo., a Qualified Person under National Instrument 43-101.
________________________________________
About Ni-Co Energy Inc.
Ni-Co Energy Inc. is exploring the Kremer project, a mafic–ultramafic intrusion prospective for nickel, copper, and cobalt, advantageously located in southern Québec and supported by infrastructure and low-carbon hydroelectric power.
________________________________________
For further information, please contact:
Ni-Co Energy Inc.
[email protected]
www.nicoenergy.ca