Mr. Scott Lendrum reports

GIGA METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Giga Metals Corp. has arranged a non-brokered private placement of a combination of: (i) flow-through units of the company at a price of nine cents per FT unit; and (ii) non-flow-through units at a price of eight cents per NFT unit, for aggregate gross proceeds of up to $850,000.

Each FT unit will consist of one flow-through common share in the capital of the company and one common share purchase warrant that will each qualify as a flow-through share within the meaning of Subsection 66(15) of the Income Tax Act. Each NFT unit will consist of one non-flow-through common share in the capital of the company and one common Share purchase warrant.

Each FT warrant and each NFT warrant will entitle the holder thereof to acquire one common share at a price of 11 cents for a period of three years following the closing of the private placement.

The company intends to use the gross proceeds of the private placement for exploration of the company's Turnagain nickel-cobalt project and for working capital and general corporate purposes. The flow-through proceeds of the private placement will be used to advance the Turnagain project and any other Canadian properties that the company may acquire, provided that the company will use an amount equal to the gross proceeds received by the company from the sale of the FT units to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the tax act.

The closing of the private placement is subject to certain closing conditions, including the approval of the TSX Venture Exchange. The company may pay finders' fees in cash or securities to certain arm's-length finders engaged in connection with the private placement, subject to the approval of the TSX-V. The securities issued in the private placement will be subject to a four-month hold period in accordance with applicable securities laws.

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 jointly by Giga Metals and Mitsubishi Corp. The prefeasibility study was released in October, 2023.

We seek Safe Harbor.