First Atlantic Nickel Has Commenced Drilling at New Alloy Max Zone Discovery, 7 Km North of RPM Zone, at the Pipestone XL Nickel-Cobalt Alloy Project

GRAND FALLS-WINDSOR, Newfoundland and Labrador, April 08, 2026 (GLOBE NEWSWIRE) -- First Atlantic Nickel Corp. (TSXV: FAN) (OTCQB: FANCF) (FSE: P21) ("First Atlantic" or the "Company") is pleased to announce that drilling has commenced at the Alloy Max Zone, a new large-scale awaruite (Ni₃Fe) nickel-cobalt alloy discovery located 7 kilometers (km) north of the RPM Zone. The Alloy Max Zone represents the Company's second major target area within the 30 km Pipestone Ophiolite Complex at its Pipestone XL Nickel-Cobalt Alloy Project in central Newfoundland.