Company Chilean Metals Inc Toronto S.E.

Power Nickel Inc. is a Canada-based junior exploration company. The Company is focused on high-potential nickel, copper, gold, and other battery metal prospects in Canada and Chile. Its projects include NISK, Golden Ivan, Palo Negro Hornitos, Tierra de Oro and Zulema. The NISK project is located in Quebec, Canada. The Nisk property is composed of two blocks totaling 90 claims covering an area of 45.9 square kilometers and a length of over 20 kilometers (km). The Golden Ivan Property is centered approximately five km east of the Stewart airstrip, and 180 km northwest of Terrace. The Golden Ivan property consists of 13 mineral claims. The contiguous Palo Negro and Hornitos properties, 100% owned by it, together comprise over 9,000 hectares in the Atacama Province of Chile’s Third Region. Its wholly owned Tierra de Oro property is located in Chile’s prolific IOCG (iron oxide-copper-gold) belt. The Zulema project is located 30 km from Lundin Mining Corporation’s Candelaria mine.