Mr. Scott Lendrum reports

GIGA METALS ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF FLOW-THROUGH SHARES

Giga Metals Corp. has arranged a non-brokered private placement, consisting of 8,181,818 flow-through (FT) shares of the company at a price of 11 cents per FT share for aggregate gross proceeds of up to $900,000.

The flow-through proceeds of the private placement will be used to advance exploration activities at 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 shares to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures, as such terms are defined in the tax act, and will be incurred on or before Dec. 31, 2027, and renounced with an effective date no later than Dec. 31, 2026, to the initial purchasers of FT shares.

The closing of the private placement is anticipated to occur on or about March 19, 2026, and 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.