Power Nickel Inc. is pleased to report assay results from its summer 2021 Golden Ivan Property exploration. The highly successful 2021 prospecting and geologic mapping program has resulted in the discovery of two new high-grade gold zones yielding 16.2 grams per tonne gold and 15.1 g/t Au in outcrop.

The 2021 Golden Ivan Property campaign completed during July and August 2021, included the collection of 210 surface rock samples including 7 channel samples, in addition to reconnaissance geologic mapping and whole-rock geochemical analysis throughout the Property. A total of 17 of 210 rock samples returned greater than 0.1 g/t Au, up to 16.2 g/t Au from the newly discovered Lone Goat Showing, and 15.1 g/t Au over 0.75 metres from a channel sample at the newly discovered Molly B. East showing in addition to significant silver and base metal values.