Mr. David Fitch reports

CLASS 1 NICKEL ANNOUNCES OPTION GRANT

Class 1 Nickel and Technologies Ltd. has granted an aggregate of 11,765,502 stock options to service providers of the company, including directors and officers. The stock options are each exercisable to acquire one common share of the company at an exercise price of seven cents until March 27, 2027. The options vest immediately.

About Class 1 Nickel and Technologies Ltd.

Class 1 Nickel is a mineral resource company focused on the development of its 100-per-cent-owned Alexo-Dundonald property, a portfolio of komatiite-hosted magmatic nickel-copper-cobalt sulphide mineral resources located near Timmins, Ont. The company also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the famous Marbridge nickel mine.