Inomin Drills 23% Magnesium and 0.19% Nickel Over 169 Metres

Initial South Zone Drilling Demonstrates Large Tonnage Potential of Beaver-Lynx Critical Minerals Discovery

US Department of Energy Classifies Magnesium Among the Most Critical Commodities

Vancouver, British Columbia--(Newsfile Corp. - September 6, 2023) - Inomin Mines Inc. (TSXV: MINE) ("Inomin" or the "Company") announces analytical results from its inaugural drilling at the South Zone of the Beaver-Lynx critical minerals project, intersecting high-grade magnesium plus nickel and chromium over long intersections. Drill-holes B23-01 and B23-02 were drilled in a fan pattern intersecting 23% magnesium with 0.19% nickel over 169.2 metres (m) in B23-01, and 21% magnesium with 0.17% nickel over 146.6 metres in B23-02. Holes B23-01 and B23-02 are the first-ever holes drilled by the Company in the South Zone.

The South Zone is a 500 x 500 metre strongly magnetic zone as defined by ground magnetics. Drilling confirmed mineralization occurs in two parallel shallow dipping serpentinized bodies with an estimated true thickness of 160 metres. The mineralization appears to be increasing in thickness toward the north.

Summary Drilling Results - South Zone, Beaver Property

"Our initial drilling in the South Zone has generated additional outstanding results at Beaver," says Inomin President, John Gomez. "South Zone drilling was designed to test a prominent mag target located 2 - 4 kilometres south of the Spur and North Zones where our maiden discovery hit long intervals of mineralization. To date, five high magnetic zones hosting significant mineralization have been identified at Beaver. Remarkably, high-grade magnesium, sulphide nickel and other metals, including gold, have also been discovered in moderately magnetic areas, specifically the North Bear Creek Zone. Beaver's exceptional drill results demonstrate the property's excellent potential for multiple, bulk-tonnage, critical mineral deposits. We look forward to reporting analytical results for the balance of the summer drilling program as results become available."

.

Figure 1. Location of summer 2023 drill holes in Beaver's South and Ring Zones as defined by magnetic anomalies.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3069/179635_64a1f9ab74844a76_001full.jpg

Figure 2. Beaver property illustrating mineral zones delineated by drilling and airborne magnetic surveys. Significant mineralization has been identified in both high (magenta colour) and moderate (green) magnetic areas.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3069/179635_64a1f9ab74844a76_002full.jpg

Figure 3. Left: core sample from drill hole B23-01 showing rich magnesium and nickel mineralization in black and serpentinite in green. Right: Drill core from hole B23-03 in core sample boxes at storage facility.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3069/179635_64a1f9ab74844a76_003full.jpg

Laboratory Analysis of Drill Core

Drill core was analyzed using Actlab's FUS-Na₂O₂ 20-element sodium peroxide fusion ICP-OES method. Samples were dried, crushed (

You May Also Be Interested In

• Plumbers Near Me Publishes Scottsdale Winter Plumbing Readiness Checklist
• Nel ASA: Receives purchase order from Collins Aerospace for US Navy stacks
• Vernon Realty Group Announces Kristi Vernon Surpasses $55 Million in Five Year Sales Volume as RealTrends Verified Top Agent