Mr. Quinn Field-Dyte reports

FORT ST. JAMES NICKEL CORP. ADOPTS SEMI-ANNUAL FINANCIAL REPORTING

Fort St. James Nickel Corp. has adopted semi-annual financial reporting (SAR) pursuant to Coordinated Blanket Order 51-933, Exemptions to Permit Semi-Annual Reporting for Certain Venture Issuers, issued by the British Columbia Securities Commission on March 19, 2026.

The blanket order allows eligible venture issuers listed on the TSX Venture Exchange to voluntarily move from a quarterly to a semi-annual financial reporting framework. By adopting SAR, the company aims to reduce the administrative and financial burden associated with quarterly reporting.

The company's fiscal year ends on April 30. Under the SAR pilot program, the company will no longer file interim financial reports and related management discussion and analysis (MD&A) for its three-month and nine-month interim periods. The initial interim period for which the company will not file is the three-month period ending July 31, 2026.

The company will continue to file audited annual financial statements and MD&A (due 120 days after April 30) and unaudited six-month financial statements and MD&A (due 60 days after Oct. 31).

The company remains committed to timely disclosure and will continue to report all material changes and significant developments as required under National Instrument 51-102, Continuous Disclosure Obligations, and the policies of the TSX-V.

This news release is being issued and filed pursuant to the blanket order.

We seek Safe Harbor.