Mr. Brad Humphrey reports

NICAN ANNOUNCES SETTLEMENT OF DEBT FOR SHARES

Nican Ltd. has negotiated the settlement of $269,799 related to drilling services provided to the company in 2023 in consideration for the issuance of 300,000 common shares of the company.

The debt settlement is subject to receipt of all required regulatory approvals, including the approval of the TSX Venture Exchange. The common shares issued pursuant to the debt settlement will be subject to a statutory hold period, which will expire four months and one day from the date of closing of the debt settlement.

About Nican Ltd.

Nican is a mineral exploration company, trading under the symbol NICN on the TSX Venture Exchange, NILTF on the OTCQB and W8Y on the Frankfurt Stock Exchange. The company is actively exploring two nickel projects, both located in well-established mining jurisdictions in Manitoba, Canada.

We seek Safe Harbor.