Mr. Stuart Harshaw reports

NICKEL CREEK PLATINUM ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

Nickel Creek Platinum Corp. intends to raise capital by way of a non-brokered private placement for aggregate gross proceeds to the company of up to $700,000. The private placement will consist of the sale of common shares of the company at a price of 1.5 cents per common share.

The net proceeds from the private placement will be used for general corporate purposes.

In connection with the private placement, the company's largest shareholder, Electrum Strategic Opportunities Fund LP, has indicated its intention to invest approximately $600,000 in the private placement.

The closing of the private placement is expected to occur on or around March 8, 2024, and remains subject to the approval of the Toronto Stock Exchange and other customary closing conditions for a transaction of this nature. The common shares will be issued on a private-placement basis, pursuant to exemptions from prospectus requirements under applicable securities laws, and will be subject to a statutory hold period of four months and one day from the date of issuance of the common shares.

Pursuant to Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions, the private placement would constitute a related party transaction, as Electrum (and certain other insiders of the company) will subscribe for common shares. These transactions will be exempt from the formal valuation and minority shareholder approval requirements of MI 61-101, as the fair market value of any common shares subscribed for by insiders pursuant to the private placement will not exceed 25 per cent of the company's market capitalization.

About Nickel Creek Platinum Corp.

Nickel Creek Platinum is a Canadian mining exploration and development company and its flagship asset is the 100-per-cent-owned Nickel Shaw project. The Nickel Shaw project is a large, undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals including copper, cobalt and platinum group metals. The Nickel Shaw 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 record of successful discovery, development, financing and operation of large-scale projects. Nickel Creek's vision is to create value for its shareholders by becoming a leading North American nickel, copper, cobalt and PGM producer.

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