The army announced the rescue of 200 girls and 93 women on Twitter and said it was screening and profiling the girls and women.
The Nigerian army announced two weeks ago that it was going into Sambisa Forest, which is a centre for the Boko Haram fighters
More than 200 schoolgirls were kidnapped from Chibok in north-eastern Nigeria by the Islamic extremist group Boko Haram in April 2014.
The militants took the schoolgirls in trucks into the Sambisa Forest and the girls have been missing since.
The plight of the schoolgirls has garnered international attention and the Bring Back Our Girls campaign.
Boko Haram’s Islamic uprising was blamed for the deaths of as many as 10,000 people last year and some 1.5m people have been forced from their homes by the group.
The militants controlled an area roughly the size of Belgium at the start of the year, but have since been driven back by Nigerian troops, helped by soldiers from Chad, Niger, and Cameroon.
Earlier yesterday, hundreds of skeletons of children, women, and men believed killed by Boko Haram were found in a recaptured Nigerian border town.
A local government committee that entered the north-eastern Nigerian town of Damasak said it also found decomposing bodies of men presumed to be Boko Haram fighters killed when troops from Chad and Niger recaptured the town in March.