Mr. Rob Buchanan reports

RNC MINERALS CLOSES $12 MILLION BOUGHT DEAL FINANCING

Royal Nickel Corp. has closed its previously announced bought deal financing of 24.49 million common shares of the company at a price of 49 cents per common share, for gross proceeds to the company of $12,000,100. The offering was underwritten on a bought deal basis by a syndicate of underwriters, co-led by Haywood Securities Inc. and Cantor Fitzgerald Canada Corp., including BMO Nesbitt Burns Inc., Canaccord Genuity Corp., Macquarie Capital Markets Canada Ltd., RBC Dominion Securities Inc., Sprott Capital Partners LP and TD Securities Inc.

In connection with the offering, the company has granted the underwriters an overallotment option, exercisable at the issue price for a period of 30 days following the closing of the offering, to purchase up to an additional 3,673,500 common shares (representing 15 per cent of the common shares offered pursuant to the offering) to cover overallotments, if any, or for market stabilization purposes.

About Royal Nickel Corp.

Royal Nickel has a 100-per-cent interest in the producing Beta Hunt gold mine located in Western Australia where a significant high-grade gold discovery -- Father's Day vein -- was recently made. Royal Nickel is currently completing a 40,000-metre drill program, the results of which will be incorporated into an updated mineral resource estimate and mine plan targeted for Q2 2019.

We seek Safe Harbor.