Mr. Scott Lendrum reports

GIGA METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT INCLUDING CRITICAL MINERALS FLOW-THROUGH

Giga Metals Corp. has arranged a non-brokered private placement consisting of: (i) critical mineral flow-through units of the company at a price of 13 cents per FT unit; and (ii) non-flow-through units at a price of 11 cents per NFT unit for aggregate gross proceeds of up to $1-million.

Each critical mineral FT unit will include one flow-through share that qualifies as a critical mineral flow-through share under the Income Tax Act (Canada), along with a transferable half flow-through share purchase warrant of the company. Each whole FT warrant will enable the holder to acquire an additional share at a price of 25 cents per share for a period of 36 months from the date of issuance. Each NFT unit will include one non-flow-through share, along with a transferable half non-flow-through share purchase warrant of the company. Each whole NFT warrant will enable the holder to acquire an additional share at a price of 25 cents per share for a period of 36 months from the date of issuance.

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.

The Turnagain ultramafic complex is also prospective for copper, platinum and palladium mineralization in the Attic zone, an area adjacent to the known nickel resource.

We seek Safe Harbor.