Fjordland Exploration Inc. provided an update on the Renzy Nickel Copper project near Maniwaki Quebec. In the spring of 2022, Fjordland completed a 7 hole, 1,678m drill program on targets near the historic Renzy nickel mine. These holes were designed to test previously undrilled targets identified by the 2021 VTEM airborne geophysical survey. While greatly expanding the geological interpretation of the area, none of the holes intersected potential economic mineralization. Only targets proximal to the Renzy mine access road were tested during this program. A significant number of high potential targets remain untested. Company personnel are currently on site conducting a soil sampling program to help add additional information to refine future drill targets. Fjordland is planning for a future drill program for 2023. The mine itself was situated within a relatively un-magnetic portion of the terrain. In general, it is a method used to rank the quality of the conductance sources. For example, the historic Renzy mine site stands out as a discrete bright magenta. Fjordland's initial drill exploration strategy was to test a number of various geophysical anomalies to determine if any one signature was successful in finding another Renzy-like deposit. Going forward, Fjordland plans to target the VTEM anomalies accessible from the southern route to the
project. In order to further refine the targets, the Company is undertaking a soil survey to determine if anomalous soil signatures can be recorded on a hand-held XRF. Soil samples are being collected immediately adjacent to and down ice from the Renzy mine and Lac Alba mineralized zones. Assuming a halo signature can be identified, the survey will be expanded to other ultramafic outcrop and high priority areas. Positive results would be significant since the mineralized Alba outcrop projects a very limited geophysical signature. A number of notable graphite projects are currently under exploration within 200km of the Renzy Project. The most significant being Nouveau Monde Graphite's Matawinie graphite project with a 43-101 Measured and Indicated Resource of 130Mt grading 4.26% carbon graphite. While not currently a focus for the Company, the initial drill results from RZ 22-06 and RZ 22-07 and the widespread nature of the geophysical anomaly suggest the potential for finding higher grade occurrences elsewhere within the system. As a result of this program, Fjordland has now earned a 100% interest in the claims under the Quebec Precious Metals Joint Venture. The titles have now been transferred into Fjordland's name. Robert Cameron, P. Geo., a technical advisor to the Company, is a qualified person within the context of National Instrument 43-101 and has read and takes responsibility for the technical aspects of this release.