Nuinsco Resources Limited announced further results of a review of higher-grade niobium target areas at its Prairie Lake Critical Minerals and phosphate project located near Terrace Bay, Ontario ("Prairie Lake" or the "Project"). With the incorporation of diamond drill hole data into the analysis, the known niobium-bearing domain has now been extended in inclined drillholes to a vertical depth of 175m. Highlights from the drill data tabulated below include DDH NP0701 with 98m (core length) of continuous niobium mineralization grading 0.243% Nb2O5, and DDH P31 with 170.8m (core length) grading 0.284% Nb2O5.

This very strongly anomalous niobium mineralization extending to depth is recognized as the extension of the widespread anomalous niobium identified at surface. At surface the anomalous niobium mineralization occurs in a 500m long domain in the southwest part of the Prairie Lake Complex, although strongly anomalous niobium mineralization is known to occur at numerous other sites on the Project. Niobium is found throughout the Prairie Lake intrusion where it occurs primarily in the mineral pyrochlore-betafite, and forms part of the MRE, along with phosphate and rare earth element mineralization.

Niobium is used in myriad applications, but dominantly as an alloying agent in steel production where its use imparts strength, resulting in reduced weight; for instance, small quantities of niobium added to steel used in automobile production significantly reduces vehicle weight, thereby improving efficiency and leading directly to the very positive outcome of lower global greenhouse gas emissions. Niobium is identified as a Critical Mineral under the Canadian Minerals and Metals Plan and Canadian Critical Minerals Strategy. In addition to the significant known mineral resource, Prairie Lake is well-located near the north shore of Lake Superior, putting it in close or easily accessible reach of: The larger towns of Marathon, Terrace Bay as well as other nearby communities - all able to supply a local, skilled workforce.

All-weather forest access road crossing the project. Paved Highways 17 and 11 to the south and north of the project. Canadian Pacific Railway and Canadian National Railway networks.

High capacity (230kV) electrical power transmission line. 50km from the Marathon deep water port project. Deep-water ports are also located at Thunder Bay and Sault Ste.

Marie. All able to handle ocean going ships. The Marathon airport.