Mr. Mark Jarvis reports

GIGA METALS COMPLETES NON-BROKERED PRIVATE PLACEMENT

Giga Metals Corp. has completed its previously announced non-brokered private placement (see July 17, 2024, and Aug. 7, 2024, news releases). The company issued 1,166,666 units at 15 cents per unit for gross proceeds of $175,000. Each unit consists of one share and one share purchase warrant. Each full warrant is exercisable at 22 cents for three years, expiring Aug. 7, 2027, and Aug. 21, 2027, respectively. The securities issued have a hold period expiring four months plus one day after issuance, being Dec. 8, 2024, and Dec. 22, 2024, respectively. Insiders participated as to 150,000 units.

No control blocks were created as a result of the private placement.

Proceeds of the private placement will be used for general corporate purposes.

Finders' fees were paid on 786,666 units for a total of $8,260 in cash plus a total of 55,067 finders' warrants. Each finder's warrant is exercisable into one share at a price of 22 cents for a period of one year, expiring Aug. 7, 2025, and Aug. 21, 2025, respectively.

About Giga Metals Corp.

Giga Metals' core asset is the Turnagain project, located in Northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned 85 per cent by Giga Metals and 15 per cent by Mitsubishi Corp. The prefeasibility study was released in October, 2023.

We seek Safe Harbor.