SPC Nickel Reports Grades up to 18.15% Cu, 97.90 g/t Pd, 11.65 g/t Pt, 4.89 g/t Au from 2025 Surface Sampling at the Muskox Project, Nunavut /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen2{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: TOP; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt } .prngen6{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt } .prngen5{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: LEFT; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid } .prngen4{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 1pt } .prngen3{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnml40{ MARGIN-LEFT:3.33em !IMPORTANT } .prnbcc{ BORDER-COLLAPSE: COLLAPSE } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire High-grade samples highlight scale, continuity, and mineralization of the Muskox magmatic system. SUDBURY, ON, Nov. 24, 2025 /CNW/ - SPC Nickel Corp. (TSXV: SPC) ("SPC Nickel" or the "Company"), is pleased to announce assay results from the 2025 exploration program at its 100%-owned, 496 km2 Muskox Cu-Ni-PGM Project ("Muskox" or the "Project"), located roughly 75 km south of the coastal Hamlet of Kugluktuk in the Kitikmeot Region of Nunavut. Results from the program confirm widespread high-grade copper, nickel and PGM mineralization occurring across multiple geological environments within the 125 km long Muskox Intrusion - one of the last undeveloped district-scale Cu-Ni-PGM opportunities globally. Mineralization styles and geological characteristics observed are directly comparable to globally significant nickel districts including Norilsk-Talnakh, Voisey's Bay and Sudbury. Assay Highlights Equinox Target 18.15% Cu, 0.06% Ni, 114.44 g/t PGM1, 13.8 g/t Ag – 70.62% CuEq2 15.50% Cu, 0.13% Ni, 74.72 g/t PGM, 11.8 g/t Ag – 50.37% CuEq 9.75% Cu, 0.15% Ni, 69.73 g/t PGM, 22.9 g/t Ag – 42.67% CuEq Speers Lake Target 17.70% Cu, 6.24% Ni, 9.85 g/t PGM, 9.5 g/t Ag - 32.09% CuEq 21.70% Cu, 3.70% Ni, 8.20 g/t PGM, 11.5 g/t Ag - 31.96% CuEq 17.35% Cu, 0.45% Ni, 10.84 g/t PGM, 8.5 g/t Ag - 25.09% CuEq Pyrrhotite Lake Target 3.57% Cu, 2.50% Ni, 0.58 g/t PGM, 7.3 g/t Ag - 7.43% CuEq 3.40% Cu, 2.23% Ni, 0.49 g/t PGM, 7.5 g/t Ag - 6.85% CuEq 4.13% Cu, 0.03% Ni, 0.69 g/t PGM, 2.3 g/t Ag - 4.55% CuEq Sample M017917 returned grades of 23.3% Zn, 7,500 g/t Ag Feeder Dyke6.01% Cu, 0.14% Ni, 28.45 g/t PGM, 20.0 g/t Ag - 20.03% CuEq 4.49% Cu, 1.05% Ni, 7.13 g/t PGM, 6.7 g/t Ag - 9.30% CuEq 2.87% Cu, 0.96% Ni, 4.13 PGM, 4.9 g/t Ag - 6.29% CuEq Sampling Summary39 of 77 samples (51%) returned grades >2% Ni+Cu19 samples (25%) returned grades >5% Ni+Cu21 of 77 samples (27%) returned grades >5.0 g/t PGMsNote: Grab samples are selective by nature and values reported may not be representative of mineralized zones. More detailed results are presented in Tables 1, 2, 3, 4 and 5 below while a comprehensive compilation of grab samples may be found on SPC Nickel's web site here. Reference 1. PGMs represent Pt + Pd + Au. 2. CuEq represents CuEq calculated based on the following metal prices (USD) : 4,000 $/oz Au, 52.00 $/oz Ag, 1,400 $/oz Pd, 1,600 $/oz Pt, 4.90 $/lb Cu and 6.80 $/lb Ni, and a recovery grade of 80% for all commodities, consistent with comparable peers. Grant Mourre, President and CEO of SPC Nickel commented, "The results from our summer 2025 field program underscore the unique geologic potential of the Muskox Project and position it as a leading exploration opportunity possessing the scale and mineralization typically associated with world-class copper-nickel districts. We are more than encouraged by standout results that include CuEq grades up to 70.62% at Equinox, multiple samples above 30% CuEq at Speers Lake, and consistent high-grade Cu-Ni-PGM mineralization across all target areas. The combination of consistently high-grade results, multiple mineralization styles, and the broad distribution of numerous mineralized targets reinforces Muskox as a large-scale, metal-bearing district with the potential to host multiple deposits. Many of the 2025 assay results exceed grades from previou