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Highlights Previous rock sampling and drilling has identified multiple large-scale awaruite nickel targets within the overall district-scale Klow Property (164 km 2 land package) Historic drill results at the Klow North Target include a near-surface intercept of 316 m at a grade of 0.097% nickel-in-alloy (a chemical dissolution used to estimate nickel contained in awaruite mineralization, see Note 1 below) Planned Property-wide rock sampling program aims to expand known mineralized zones and identify new awaruite mineralization with the goal of delineating drill targets Exploration at Klow will be 100% funded by JOGMEC "Located north of our flagship Baptiste Nickel Project, and underlain by the same Trembleur ultramafic rocks that host Baptiste, Klow is one of the most highly prospective areas for awaruite mineralization in Canada," commented Keith Patterson, FPX's Vice President, Exploration

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