EV Minerals Corporation announce compelling North Zone drill targets and potential for resource expansion by infill drilling from additional Phase 1 desktop compilation at the EV Nickel-Copper-Cobalt Project in the Saguenay-Lac-Saint-Jean Region, Quebec. EV Minerals also anticipates 2023 drilling results from their inaugural 13-hole drill program completed on January 24, 2024, where initial exploration encountered semi-massive to massive sections of sulphide mineralization to be returned from the assay lab shortly. The Company will also test results from the historic compilation for a 2024 follow-up drill program.

- Highlights include North Zone composites leaving strong potential for resource expansion by infill drilling and is open to the north. - Highlights in the North Zone include hole 89-MCN-132, which intersected two wide zones that graded 0.03% Cobalt (Co), 0.11% Copper (Cu), and 0.38% Nickel (Ni) over 14.00 m from 25.00 m, and 0.04% Co, 0.15% Cu, and 0.29% Ni over 21.60 m from 48.20 m, which includes 0.09% Co, 0.49% Cu, and 1.17% Ni over 2.40 m from 48.20 m. - Further high-grade pockets of Nickel were intersected, including hole 89-MCN-133, which graded 0.10% Co, 0.11% Cu, and 1.64% Ni over 2.30 m from 34.80 m, and 0.08% Co, 0.06% Cu, and 1.47% Ni over 0.70 m from 47.60 m. - Copper was intersected in 89-MCN-134, which graded 0.02% Co, 1.17% Cu, and 0.16% Ni over 0.50 m from 85.00 m. - Multiple holes revealed opportunity for further multi-element potential, such as hole 89-MCN-129, which graded 0.78% Cu, 0.86% Lead (Pb), and 0.52% Zinc (Zn) over 1.00 m from 30.00 m, and hole 89-MCN-141, which graded 2.00% Pb over 1.00 m from 9.70 m. - A total of 160 drill holes, drilled in 1989, is reported in assessment reports. All holes have now been captured into a properly structured database and verified to enable the generation of an interactive 3D model of the deposit.

This is an essential step toward planning the next drill program and resource update. - Analysis of the historic logs indicate that the Northern Zone mineralization appears as massive sulphides (pyrrhotite, pyrite, and chalcopyrite), often exhibiting strong tectonic sheared textures, within anorthositic gabbro to gabbro. The 1,792-hectare EV Nickel-Copper-Cobalt Project has been a source of ongoing enthusiasm for the EV Minerals technical team.

This Project is north of Saguenay, Quebec and is easily accessible by numerous forest service roads. The EV Nickel Project has an undeveloped resource of 5.585 million tonnes with grades of 0.21% Ni, 0.11% Cu and 0.03% Co. The EV Nickel Project (formerly the McNickel deposit) was discovered in 1987, with a major drilling campaign completed in 1989 by a junior explorer.

The claims host a magmatic sulphide deposit consisting of disseminated, stringer and massive nickel, copper, and cobalt mineralization in a gabbro - leucogabbro host rock. It is likely a sill which has intruded anorthositic rocks of the expansive Lac-St-Jean anorthosite Complex. The property lies on the far western edge of the Complex which is a major Proterozoic age intrusive consisting of a differentiated mafic body intruding the high-grade gneisses and granitic.