FPX Nickel launches inaugural drill program at Advocate

Canada NewsWire VANCOUVER, BC , June 23, 2026 /CNW/ - FPX Nickel Corp. (TSXV: FPX) (OTCQX: FPOCF) (" FPX " or the " Company ") is pleased to announce additional results from bedrock sampling at the Advocate Nickel Property (" Advocate " or " the Property ") in Newfoundland. Building on initial results reported in the Company's September 23, 2025 news release, sampling at Advocate has now delineated four large-scale targets with high-grade awaruite nickel results. Based on these positive findings, planning is underway for 2026 drill testing of one or more targets.

Highlights Four large-scale, high-grade awaruite targets have been identified at Advocate, with each target open to expansion: Birchy North: 800 by 350 m drill-ready target where bedrock sampling has delineated consistently high-grade awaruite mineralization with up to 0.13% Davis Tube Recoverable (" DTR ") nickel Wolverine: 2,400 by 650 m target with samples returning up to 0.14% DTR nickel North Brook: newly-discovered target of as-yet unknown size, samples up to 0.12% DTR nickel Birchy Lake: 500 by 400 m target with samples up to 0.12% DTR nickel A large-scale airborne magnetic survey covering all known target zones has been completed in recent days. Results are expected in the coming weeks and will be used to more precisely delineate target geology and refine drilling plans. Planning is underway for a summer 2026 drill program testing one or more of the high-grade, highly prospective targets at Advocate; the Company will provide further details on the scope and scale of planned drilling activities in coming weeks.

"I congratulate our field teams on the significant progress made to date at Advocate," commented Keith Patterson, FPX's Vice President, Exploration. "Each sampling campaign has resulted in new discoveries, with Birchy North now confirmed as our first drill-ready target. I'm lo