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Fjordland Exploration concludes its exploration program at South Voisey’s Bay

Vancouver, British Columbia–(Newsfile Corp. – September 15, 2022) – Fjordland Exploration Inc. (TSXV: FEX) (the “Company”) announces that, in conjunction with Ivanhoe Electric Inc.and Commander Resources Ltd., the Company’s drilling program on the South Voisey’s Bay nickel project located in Labrador is complete for 2022. The program was executed from the community of Hopedale Labrador. Initially, the plan was to complete up to 2,500 m of diamond drilling by the fall; however, operational and safety issues have reduced this distance to around 500m.

James Tuer, CEO of Fjordland, said: “This year’s program was the first significant exploration program since the 2017 and 2018 field seasons. The addition of Dr David Corrigan, who recently retired from the Commission Geology of Canada, has greatly improved our understanding of the exploration potential of the area. A number of samples and field observations have been collected to help us surmise the ultimate source of the nickeliferous rocks found in previous surface samples and drill core. Unfortunately, a number of these targets remain untested due to the poor performance of the drill program. In order to preserve a budget for next season, this year’s drilling program has been curtailed.

Hole 22-001 targeted the Gabbro Worm and reached a target depth of 420 m. It was designed to test a modeled conductive plate between 250m and 300m downhole and a modeled high density at 400m. Gabbro was intersected between 206m and 260m followed by paragneiss. Another section of gabbro was intersected 400m to the end of the hole. Hole 22-002 also targeted a solid conductive plate modeled at 300 m; however, the hole ended at 60m.

Once the tests have been received and the program has been reviewed by the partners, a plan for future work will be announced.

Robert Cameron, P. Geo., a technical advisor to the Company, is a qualified person in the context of National Instrument 43-101 and has read and accepts responsibility for the technical aspects of this press release. For more technical information, please visit the Fjordland website at www.fjordlandex.com.

The Company thanks the Newfoundland and Labrador Department of Natural Resources Junior Exploration Assistance (JEA) Program for financial support which assisted in the 2021 LT Squid MLTEM survey.

About Fjordland Exploration Inc.

Fjordland Exploration Inc. is a mineral exploration company focused on the discovery of large-scale economic metal deposits in Canada.

In collaboration with Ivanhoe Electric Inc. and Commander Resources Ltd., Fjordland is exploring the SVB target “Pants Lake Intrusive” which is in a similar geological setting to the nearby Voisey’s Bay nickel-cobalt-copper deposit. Fjordland has acquired a 75% interest in the project.

Fjordland, as operator, has an agreement to acquire 100% of the Renzy nickel project located near Maniwaki, Quebec. The project encompasses the former Renzy mine where, during the period from 1969 to 1972, 716,000 short tons were mined with average grades of 0.70% nickel and 0.72% copper. Fjordland has staked additional claims to increase the size of the project to 530 km2.

In addition, Fjordland has 2 copper-gold properties in the Quesnel Trough in central British Columbia. The West Milligan copper-gold project is a joint venture with Northwest Copper Corp. located less than 4 km from Centerra’s Mount Milligan copper-gold mine. The 103 km². The Witch copper-gold project is located 35 km west of the Milligan mine.

ON BEHALF OF THE BOARD OF DIRECTORS

“James Kill”
James Tuer, CEO

For more information:

james kill
Phone: 604-688-3415
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www.fjordlandex.com

Forward-looking statements

This press release contains certain forward-looking statements or information. All statements other than statements of historical facts included in this press release, including, without limitation, statements regarding the use of proceeds from the Private Placement and other future plans and objectives of the Company are forward-looking statements that involve various risks and uncertainties. . There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include market prices, general economic, market or business conditions, regulatory changes, timeliness of approvals governmental or regulatory and other risks detailed here and from time to time in the filings. made by the Company to the securities authorities. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.