Class 1 Nickel Starts Upgrade Operations at Alexo-Dundonald Nickel Project in Timmins

Class 1 Nickel & Technologies Limited is a Canadian company and a developer of nickel-copper-cobalt sulfide mineral resources 45 km to the northeast of Timmins, Ontario. The company has reported that it has started operations at the Alexo-Dundonald Nickel project situated in Timmins.

The objective of the project is to upgrade the Dundonald South historic Mineral Resource to CIM-defined classifications and integrate it with the present Alexo Mineral Resource.

The Company has hired P&E Mining Consultants Inc. (P&E), experts in the mineral industry, for the validation and categorization of the Dundonald Mineral Resource and combining it with Alexo in a NI 43-101 Technical Report.

Now that Alexo and Dundonald are together in the one company we can execute a smart diversified strategy that is two pronged. Firstly, we will focus on a ‘more of the same’ approach at Alexo, extending the resource along strike, as we build a database for the preliminary economic assessment work and push along the remaining permitting requirements.

Mr Benjamin H Cooper, President, Class 1 Nickel & Technologies Limited

Cooper added, “And secondly we will take a more aggressive and high impact approach to the 8 high grade close to surface zones of the Dundonald South Mineral Resource, in order to bring high grade tonnage into the combined Mineral Resource and increase our overall economics and size.”

P&E Mining Consultants Inc. will operate hand in glove with Class 1 Nickel to upgrade the Mineral Resource, help with the design and reporting of drill and geophysics programs, permitting, and undertaking a Preliminary Economic Assessment.

P&E will employ over 20 of its Canadian-based associates to take advantage of their experience in technical report writing, 3D geologic modeling, geological interpretation, Mineral Resource and Mineral Reserve Estimates, mine design, production scheduling, operating and capital cost estimates, property evaluations, as well as metallurgical engineering.

I am confident that P&E Mining Consultants Inc. are more than adequately qualified to carry out the assignment of upgrading the Mineral Resource classification at Dundonald South. P&E knows these projects well and worked with us together as co-authors on the initial NI 43-101 Technical Report for Alexo-Dundonald.

Mr Tony Donaghy, P.Geo, Principal Consultant-Nickel, CSA Global (an ERM Group Company)

Mr Donaghy is a strategic advisor to Class 1 Nickel & Technologies Limited.

According to Mr Eugene Puritch, P.Eng., FEC, CET, “It’s important for Class 1 Nickel to explain to the market that it possesses several potentially viable projects in its Timmins land package. Alexo, Kelex, Dundonald North and Dundonald South are all contiguous and located inside the 1 km komatiite flow. The sum of the parts results in a larger and more diversified Mineral Resource.”

The initial scope of work by P&E Mining Consultants Inc. includes the following:

• Site visit and assay data validation sampling
• Grade estimation
• Geostatistical analysis
• Geological interpretation
• Technical report and mineral resource reporting

Class 1 Nickel hopes to update the market with the upgraded combined classified Mineral Resources in the near future.