Quebec Nickel Corp. reported the results from an Artificial Intelligence nickel-sulphide-focused targeting exercise at the Company's Ducros claims which has recently been completed by ALS GoldSpot Discoveries. The geological interpretation of the Ducros Property has been updated to help guide future exploration.

In April 2023, QNI retained ALS GoldSpot Discoveries ("ALS GoldSpot") to undertake a comprehensive review and synthesis of the vast amount of exploration data collected at the Ducros Property to date, enhancing ongoing exploration efforts. The objectives of the study were two-fold: firstly, to generate meaningful nickel-sulphide -focused targets across the property using its proprietary SmartT TargetTM AI technology, and secondly, to use the new exploration data to reinterpret the geology underlying the Ducros claims. The unique fingerprint of the Ni-Cu-PGE Fortin Sill Zone was used to train the SmartT TargetTM targeting algorithms. This involved the integration and synthesis of multiple exploration datasets including the recently completed VTEMTM, airborne gravity, high-resolution drone magnetics and Lidar surveys, along with the data from two seasons worth of surface biogeochemical surveys and the Ducros diamond drilling assay, lithogeochemical and geotechnical databases. ALS GoldSpot used its Supervised Learning ("SL") and Semisupervised Learning ("SSL") algorithms on 25-metre and 10-metre datastacks during its study.

Of note, several of the new nickel-sulphides, which are characterized as having a geophysical conductive response comparable to that of the Fortin Sill Zone, lie along strike of the Fortin Sill zone, immediately adjacent to the recently discovered Q-Zone, within the southern portion of the Ducros Ultramafic Sill Complex and along strike to the south of the Ducros Sill Trend. As part of the targeting exercise, several new non-conductive large-tonnage nickel-cobalt anomalies were also generated, similar in character to the Q-Zone and Ducros Sill Trend. In parallel with the AI targeting project, ALS GoldSpot also completed a litho-structural reinterpretation of the Ducros Property.

Due to the relatively thick and consistent blanket of surface cover at the property, the new geological interpretation leans heavily on short wavelength airborne magnetic data in combination with the growing Ducros drillhole database. It is expected this new geological interpretation will greatly enhance the Company's exploration efforts going forward by allowing future work programs to focus on the most prospective Ni-Cu-PGE targets within the large >15,000-hectare Ducros property. As announced on August 9, 2023, the Company reports the program of exploration drilling and down-hole geophysics at the Fortin Sill target area continues as planned.

The new drilling at Fortin Sill is focused on exploring for additional Ni-Cu-PGE sulphides down-plunge and along strike of the main outcropping mineralized showing. Up to 5,000 metres of drilling is planned for this phase of work, which will explore at depth beneath the Ni-Cu-PG E Zone as well as more than two kilometers of strike length of prospective geology. ALS GoldSpot offers unique processes to focus exploration efforts, minimize client risk related to exploration targeting, and optimize aspects of conventional resource exploration workflows.

Its diverse geoscience and data science technical teams combine proprietary technology with in-depth expertise in mineral exploration, mineral resources, and mining to offer robust and actionable solutions to its clients and partners. While mineral exploration and mining have become data-rich environments, the value of data is lost when datasets become so large that they cannot effectively be integrated into decision making. Its expertise and solutions target such big data problems, processing or integrating underutilized data to better understand resource property potential.