Churchill Resources Inc. provided an update on its Taylor Brook nickel project. Taylor Brook Project Update: Spring Work Program: The Company previously announced on February 29, 2024 that drilling and geophysical surveys completed during the winter have confirmed a previously unknown, large, dynamic magmatic intrusive system (?TB Magmatic Trend?) that extends from the Layden Nickel Showing area southeasterly for 13km to the Taylor Brook Gabbro Complex (?TGBC?) South Lobe. In particular, The TBGC South Lobe is of priority interest due to its intense, coincident, gravity and magnetic anomalies proximal to the rifted continental margin, a locale where nickel districts are commonly found; Drilling at Layden has successfully hit gabbroic intrusive rocks and sulphide-bearing breccias in all holes targeting CSAMT (?Controlled Source Audio Magneto-Telluric) survey resistivity low features; and Airborne MMT (?Mobile Magneto-telluric?) resistivity surveys have successfully mapped the high-grade nickel-bearing Layden intrusive area and the TB Magmatic Trend.

Churchill is presently well into an extensive 2024 exploration program targeted on the TB Magmatic Trend, and has been active since April with line-cutting, ground CSAMT, Induced Polarization (?I.P.?) and Time Domain Electromagnetic (?TDEM?) surveys, diamond drilling, and borehole electromagnetic (?BHEM?) surveys. Four selected target areas have been identified along the TB Magmatic Trend with compelling exploration results to date and the following brief descriptions. The TBSL-1 Area lies just inside the South Lobe of the Taylor Brook Gabbro Complex and along the eastern flank of the TB Magmatic Trend.

A 600m long Ni-Cu-Co soil anomaly has been defined over the area, including a sample that assayed 584ppm Ni, 1172ppm Cu and 665ppm Co ? the highest soil results on the property. Partial CSAMT coverage of this area has identified compelling resistivity low targets which are presently being comprehensively followed-up with CSAMT, IP, and TDEM surveys to delineate drill targets.

The TBSL Gravity Area contains the +30mGal bouguer gravity anomaly from the 2016 National Gravity Survey which correlates with a very strong magnetic response within the South Lobe, as well as the centre of the TB Magmatic Trend. This area will follow TBSL-1 with blanket CSAMT surveying and follow-up IP and TDEM surveys to outline new targets for drilling, as well as the extensions of targets identified on TBSL-1. The Layden Extension Area captures the known Layden high-grade mineralization and is interpreted to be a faulted offset sill-like body to the west, which branches off the north end of the TB trend. Expanded CSAMT surveys here for detailed structure and geology will be followed with targeted IP and TDEM surveys on the resistivity low features to generate drill targets.

The LIT-1 Area on the western flank of the TB Magmatic Trend has returned soil samples assays to 575ppm nickel within a 300m long Ni-Cu-Co soil anomaly where prospecting and trenching have confirmed gabbronoritic host rocks at surface. Anomalous nickel and copper assays in float samples are found approximately 500m south of this area. As at TBSL-1, partial CSAMT coverage of this area has identified compelling resistivity low targets which will be comprehensively followed-up with CSAMT, IP and TDEM surveys for drill targets.

Work at the TBSL-1 Grid has identified compelling chargeability targets coincident with soil anomalies, both within the Southern Lobe of the Taylor Brook Gabbro Complex. Drilling is expected to commence in mid-August 2024 to testing these targets. These high values are attributed to the nickel sulphide pentlandite, which is known to exhibit high conductivity and therefore probably high chargeability.

Peak responses were as high as 400 milliV/V and 80 milliV/V, over top of an already strongly anomalous 50 milliV/V anomaly amplitude. Background chargeability is 10 to 15 milliV/V. A mix of disseminated sulfides and semi-massive sulfides is therefore quite possible in this zone. Thus far from the Gradient IP data TB-01 is indicated to be greater than 750m in length extending onto the neighbouring Gravity grid, where line-cutting is commencing to allow the geophysical surveys to trace the entire anomaly.

Similarly, the grid is being expanded to the west to allow for complete coverage of the TB-03 and TB-05 targets. CSAMT and TDEM surveys are arranged to follow the IP work, to increase the understanding of the size, depth, and orientation of the chargeability targets prior to drill testing.