Independent review of Alexo-Dundonald and Somanike nickel projects by Caracle Creek Chile SpA and Atticus Geoscience completed, pending MRE updates for all deposits.

Class 1 Nickel Ltd. shares an update on its advanced nickel project in Timmins, Canada. Caracle Creek Chile SpA and strategic partner Atticus Geoscience Consulting Ltd. have completed the first stage of an independent review of Alexo-Dundonald and Somanike nickel projects. An updated Mineral Resource Estimate for the Alexo South Nickel Deposit is nearly complete, with updates for the three other deposits to follow.