Fortune Nickel and Gold Inc. (“Fortune”)

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• Fortune is a nickel exploration company, focused on the Timmins Nickel District, Ontario, Canada.

• We target the growth in demand for class one nickel from the electric vehicle battery sector.

                       

Ken Hoffman, Co-head of EV Battery Materials Research, McKinsey and Co. is quoted:

“As that market grows, as the battery packs get bigger and bigger, and as stationary storage becomes very large, and we need a lot more nickel in those batteries, we are going to have a real problem trying to find the supply.”

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• Fortune has received exploration permits to drill in the townships of Gowan, Beck, Ottaway, and Lennox.

• Our property is in a mining-friendly jurisdiction with well-established infrastructure (road, power, water, rail connection) and has a skilled local labor workforce.

• Our location is ideally positioned to deliver to the North American auto industry.

• Our mineral claims expand over an area of approximately 10,000 acres.

• We have uncovered significant data that corroborates the value of our mineral rights:

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Gowan project:

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• Drill hole PH-68 reveals 27 feet of 3.5% nickel sulfide and 1.25% copper in a near surface intercept.

• 21 significant geophysical anomalies have been identified for drilling in our geophysical studies.

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Priority drill locations are northeast targets which represent the southern extension of VTEM conductor anomalies on Pelangio property.

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Near and within the same geological/structural trend as the Alexo-Dundonald Ni-Cu-mine /deposit to the east, and the Kidd Creek Mine Complex (the deepest base-metal mine in the world) to the west.

 

J.C. Grant’s geophysical report in January 2022 states:

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“The majority of the Fortune property contains substantial ultramafic volcanics and intrusives, a prospective environment for nickel copper sulphide deposits.”

“Enormous blue-sky potential for nickel, base-metal, and gold opportunities.”
 

Beck-Ottaway-Lennox Project:

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• Drill hole L25-1 has intersected massive sulfides (up to 40%) composed of pyrite-pyrrhotite+/-chalcopyrite.

• Hole B1: 12 ft @0.10% Ni

• Hole B2: 5 ft @ 0.22% Ni and 4.98 ft @ 0.29% Ni

• Hole B3: 4 ft @ 0.23% Ni and 4.2 ft @ 0.21 Ni

• All magnetic highs remain favorable for Ni mineralization,

      especially immediately north of holes B-2 and B-3

 

Gowan Project Map

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Beck-Ottaway Lennox Project Map