Class 1 Nickel Updates Resource Estimate on High-Grade Dundonald South Nickel Sulphide Deposit - Significant Increase Over 2020 Resource Estimate

TORONTO, Oct. 03, 2024 (GLOBE NEWSWIRE) -- Class 1 Nickel and Technologies Ltd. (CSE: NICO | OTCQB: NICLF) ("Class 1 Nickel" or the "Company") is pleased to announce an updated mineral resource estimate (the "MRE”) for the Dundonald South Nickel Deposit (the "D-S Deposit”) (Table 1 and Table 2). The D-S Deposit is one of 4 nickel deposits within the sizeable Alexo-Dundonald Nickel Sulphide Project (the "Project” or "A-D Project”) (Figure 1), located about 45 km northeast of the City of Timmins, Ontario, and covering about 1,895 hectares (18.95 km²).