Mr. Stuart Harshaw reports

NICKEL CREEK PLATINUM ANNOUNCES UPDATED MINERAL RESOURCE ESTIMATE AT NICKEL SHAW PROJECT

Nickel Creek Platinum Corp. has released an updated mineral resource estimate at its 100-per-cent-owned Nickel Shaw project, located in Yukon, Canada. Under the revised estimate, measured mineral resource tonnage has increased by 31% to 122,363 kt and indicated mineral resource tonnage has increased by 37% to 314,332 kt. Contained Ni in measured and indicated mineral resource categories have increased 31% to 2.47 billion lbs. Grades are largely unchanged with the measured and indicated mineral resource grades at 0.26% Ni, 0.13% Cu, 0.014% Co, 0.23 g/t Pd, 0.22 g/t Pt and 0.04 g/t Au. A complete tabulation of tonnage and grade by category is listed in the table below along with metal prices, recovery information, net smelter return ("NSR") cut-off grades and mining parameters.

Stuart Harshaw, President and CEO commented: "The updated mineral resource estimate for the Nickel Shaw Project represents an important milestone in the path towards developing a large, long-life operation and puts us in excellent position for the delivery of our pre-feasibility study ("PFS") in Q3 2023."

The 2023 mineral resource estimate includes the addition of tonnes in both the measured and indicated categories relative to the Company's last mineral resource estimate. The results from the Company's 2022 drilling campaign (comprising 8 holes totaling 1,710 m), along with updated metal pricing and revised pit constraints, supported the update to mineral resources at the Nickel Shaw Project. In addition, variability metallurgical testwork was completed on a series of core samples collected in 2022, allowing for a refinement of the recovery formula.

This Mineral Resource Estimate was prepared by AGP Mining Consultants Inc. in accordance with CIM Definition Standards on Mineral Resources and Reserves.

About Nickel Creek Platinum Corp.

Nickel Creek Platinum Corp. (TSX: NCP; OTCQB: NCPCF) is a Canadian mining exploration and development company advancing its 100%-owned Nickel Shaw Project (Project"). The Project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which further offers year-round access to deep-sea shipping ports in southern Alaska.

The Company is led by a management team with a proven track record of successful discovery, development, financing and operation of large-scale projects. Our vision is to create value for our shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

Qualified Persons

The scientific and technical information disclosed in this news release in relation to metallurgical testing, including with respect to 2022-23 variability testwork, was reviewed and approved by Gordon Marrs, P. Eng., of XPS who is a "Qualified Person" as defined in NI 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101"), and an independent consultant to the Company. The technical information disclosed in this news release in relation to the Nickel Shaw resource was reviewed and approved by Paul Daigle of AGP Mining Consultants Inc. Mr. Daigle is a "Qualified Person" as defined in NI 43-101, and an independent consultant to the Company. All other scientific and technical information disclosed in this news release was reviewed and approved by Cameron Bell, Nickel Creek's Geological Consultant and a "Qualified Person" as defined in NI 43-101. Please see the technical report (September 2018) filed under the Company's profile at www.sedar.com , for a description of the Company's data verification and QA/QC procedures.

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