Mr. Martin Turenne reports

FPX NICKEL ANNOUNCES RENEWAL OF NORMAL COURSE ISSUER BID

The TSX Venture Exchange has accepted FPX Nickel Corp.'s notice to renew its normal course issuer bid for common shares in the capital of the company through the facilities of the exchange.

Pursuant to the renewal NCIB, the company may purchase for cancellation up to five million common shares over the 12-month period commencing Dec. 9, 2025, and ending on Dec. 8, 2026, representing approximately 2 per cent of the company's issued and outstanding common shares.

Purchases of common shares will be carried out in the open market through the facilities of the exchange, in compliance with regulatory requirements at the prevailing market price of the common shares at the time of acquisition. The actual number of common shares that may be purchased for cancellation and the timing of any such purchases will be determined by the company and dependent on market conditions. Cormark Securities will continue to conduct the renewal NCIB on the behalf of the company.

The company believes that the market price of its common shares is undervalued and does not fully reflect the value of the company's assets and future prospects. Accordingly, the company considers the renewal NCIB to be in the best interest of the Company and a desirable use of its available cash and will enhance shareholder value in general.

Under the company's current NCIB, which commenced on Dec. 5, 2024, and expired on Dec. 5, 2025, the company was authorized to purchase for cancellation up to five million common shares. From the commencement of the current NCIB and as at Dec. 3, 2025, the company has purchased 875,000 common shares at a weighted average price of 26 cents per share.

In the company's most recent quarterly financial statements, as at Sept. 30, 2025, the company reported cash and cash equivalents of $20,237,076 and net working capital of $22,168,960.

About FPX Nickel Corp.

FPX Nickel is focused on the exploration and development of the Decar nickel district, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.

We seek Safe Harbor.