Mr. Robert Guzman reports

FIRST ATLANTIC NICKEL UPDATE AND ANNOUNCES DIGITAL MARKING AGREEMENT

First Atlantic Nickel Corp. (formerly Avante Mining Corp.) has entered into a digital marketing agreement dated April 19, 2024, with TD Media LLC, doing business as Life Water Media, a Texas limited liability company (LWM), under which LWM will provide digital media, marketing strategies, advertising and awareness campaigns for a fee of $100,000 (U.S.) for a term of three months upon TSX Venture Exchange approval.

The agreement may be renewed or extended by the company and LWM at the end of the initial term. LWM and First Atlantic are not related parties and operate at arm's length. Neither LWM nor its principals have any interest in the company's securities, directly or indirectly, or any right or intent to acquire such an interest.

The engagement of LWM is another piece of First Atlantic's strategy to bring global visibility to the company as it strives to establish itself as a leader in the nickel industry. This strategic move complements the initial engagement of Xander Capital Partners, a leading investor relations firm with over 30 years of cumulative industry experience whose clientele has included public companies such as Alpha Lithium Corp. from inception in 2019 to the recent $300-million-plus buyout in 2023. With a combined budget allocation of up to $220,000 (U.S.) over the next 12 months between the LWM and Xander, First Atlantic will work to maximize visibility through robust investor outreach campaigns.

The company also anticipates unveiling its redesigned corporate website and presentation and other marketing initiatives in the coming weeks as it prepares to launch its 2024 field programs at the Atlantic Nickel (Pipestone awaruite) project, where the company is advancing a bulk-tonnage target with a similar deposit style to FPX Nickel's Dacar project, and Canada Nickel Company's (CNC) Crawford project where CNC has completed a preliminary economic assessment only 20 months after the commencement of exploration drilling that indicates a 25-year mine with an after-tax net present value (8 per cent) of $1.2-billion, and at the Vosiey's West nickel project, where the company identified new high-grade nickel intercepts in its maiden drill program, including 3.28 per cent nickel equivalent over one metre as part of 0.99 per cent NiEq over 18.10 metres.

Disclosure

Adrian Smith, PGeo, is a qualified person as defined by National Instrument 43-101. The qualified person is a member in good standing of the Professional Engineers and Geoscientists Newfoundland and Labrador (PEGNL) and is a registered professional geoscientist (PGeo). Mr. Smith has reviewed and approved the technical information disclosed herein.

About First Atlantic Nickel Corp.

First Atlantic Nickel is a mining exploration company focused on developing high-value geographically significant projects, including the Voisey's West and Pipestone projects. The company is paving the way by combining quality projects with proven exploration strategies and a dedicated team to achieve exceptional outcomes.

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