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Mining Inventory Information – Premium Nickel Sources Ltd. (TSXV: PNRL) to Start Buying and selling on the OTCQX Finest Market and Appoints Timothy H. Moran as CLO

Toronto, Ontario – January 20, 2023 (Newsfile Corp.) (Investorideas.com Newswire) Premium Nickel Sources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (“PNRL” or the “Firm”), is happy to announce that the widespread shares of the Firm will start buying and selling on the OTCQX Finest Market (“OTCQX Market”) on the open of the market on January 20, 2023 below the image “PNRLF”. The Firm confirms appointment of Mr. Timothy H. Moran as Chief Authorized Officer and Company Secretary, efficient instantly.

Buying and selling on the OTCQX Market is a crucial step for corporations searching for to offer clear buying and selling for his or her U.S. buyers. For corporations listed on a certified worldwide change, streamlined market requirements allow them to make the most of their dwelling market reporting to make their data out there within the U.S. To qualify for OTCQX Market, corporations should meet excessive monetary requirements, observe finest follow company governance and display compliance with relevant securities legal guidelines. Buyers can discover present market data and real-time quotes for the Firm on www.otcmarkets.com.

Timothy Moran has been with the Firm and Premium Nickel Sources Company since September 2019, as Company Secretary. As CLO, Mr. Moran will oversee administration of PNRL’s compliance and danger administration. Mr. Moran is a Canadian company and securities regulation skilled with over 30 years of expertise advising home and worldwide private and non-private corporations.

About Premium Nickel Sources Ltd.

PNRL is a Canadian firm devoted to the exploration and growth of high-quality nickel copper + cobalt sources. PNRL believes that the medium to long-term demand for these metals will proceed to develop by world urbanization and the growing substitute of inner combustion engines with electrical motors. Importantly, these metals are key to a low-carbon future.

PNRL focuses its efforts on discovering world class nickel sulphide belongings in jurisdictions with rule of-law that adjust to PNRL’s values and ideas which surpasses the very best trade requirements. PNRL is dedicated to governance by clear accountability and open communication inside our crew and our stakeholders.

PNRL maintains a talented crew that has labored on over 100 tasks collectively, accumulating over 400 years of useful resource discoveries, mine growth and mine re-engineering expertise on tasks like Selebi and Selkirk. PNRL’s crew members have on common greater than 20 years of expertise in each single facet of mine discovery and growth, from geology to operations.

On January 31, 2022, PNRL closed the acquisition of PNRL’s flagship asset, the Selebi Mine. The Selebi Mine contains two shafts (Selebi and Selebi North shafts) and associated infrastructure (rail, energy and water). Shaft sinking and plant building began in 1970. Mining concluded in October 2016 when the operations have been positioned on care and upkeep resulting from a failure within the separate and offsite processing facility. The Selebi Mine was subsequently positioned below liquidation in 2017. The proposed work plan for the Selebi Mine contains diamond drilling which is predicted to be ongoing for as much as 18 months. Throughout that point, further metallurgical samples can be collected and despatched for extra detailed research. The underground infrastructure at Selebi North can be upgraded to help an underground drilling program in addition to improved well being & security.

As well as, PNRL is evaluating direct and oblique nickel asset acquisition alternatives globally, and likewise: (i) holds 100% curiosity within the Selkirk Mine which was acquired in August 2022 in addition to 4 adjoining Prospecting Licenses in Botswana, (ii) holds a 100% curiosity within the Maniitsoq property in Greenland, which is a camp-scale permitted exploration mission comprising 3,048 sq. kilometres protecting quite a few high-grade nickel-copper + cobalt-sulphide occurrences related to norite and different mafic-ultramafic intrusions of the Greenland Norite Belt; (iii) holds a 100% curiosity within the Put up Creek/Halcyon property in Sudbury, Ontario which is strategically situated adjoining to the previous producing Podolsky copper-nickel-precious metallic sulphide deposit of KGHM Worldwide Ltd.; (iv) holds a 100% possession of property within the Quetico area close to Thunder Bay, Ontario; and (v) is increasing its space of exploration pursuits into Morocco.

ON BEHALF OF THE BOARD OF DIRECTORS

Keith Morrison
Chief Govt Officer
Premium Nickel Sources Ltd.

For additional details about Premium Nickel Sources Ltd., please contact:
Jaclyn Ruptash
Vice President Enterprise Growth
+1 (604) 770-4334

Cautionary Notice Relating to Ahead-Wanting Statements:

This information launch comprises “forward-looking data” inside the that means of relevant Canadian securities laws primarily based on expectations, estimates and projections as on the date of this information launch. Ahead-looking data entails dangers, uncertainties and different components that would trigger precise occasions, outcomes, efficiency, prospects and alternatives to vary materially from these expressed or implied by such forward-looking data. Ahead-looking data on this information launch contains, however shouldn’t be restricted to, aims, targets or future plans of the Firm together with the proposed work plan on the Selebi Mine. Components that would trigger precise outcomes to vary materially from such forward-looking data embrace, however usually are not restricted to, capital and working prices various considerably from estimates; the preliminary nature of metallurgical take a look at outcomes; delays in acquiring or failures to acquire required governmental, environmental or different mission approvals; uncertainties regarding the provision and prices of financing wanted sooner or later; adjustments in fairness markets; inflation; fluctuations in commodity costs; delays within the growth of tasks; the opposite dangers concerned within the mineral exploration and growth trade; and people dangers set out within the Firm’s public disclosure report on SEDAR (www.sedar.com) below the Firm’s issuer profile. Though the Firm believes that the assumptions and components utilized in getting ready the forward-looking data on this information launch are cheap, undue reliance shouldn’t be positioned on such data, which solely applies as of the date of this information launch, and no assurance may be on condition that such occasions will happen within the disclosed time frames or in any respect. The Firm disclaims any intention or obligation to replace or revise any forward-looking data, whether or not because of new data, future occasions or in any other case, aside from as required by regulation.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts duty for the adequacy or accuracy of this information launch.

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