Mr. David Patterson reports

QUEBEC NICKEL CORP. ANNOUNCES CLOSING OF PRIVATE PLACEMENT

Quebec Nickel Corp. has closed its previously announced non-brokered private placement for aggregate gross proceeds of $500,000.

The offering was initially announced on Dec. 17, 2025, and subsequently reported as fully allocated on Dec. 29, 2025.

Pursuant to the offering, the company issued four million units at a price of 12.5 cents per unit. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each whole warrant is exercisable to acquire one additional common share of the company at an exercise price of 22.5 cents per share for a period of two years from the date of issuance.

The units were issued pursuant to applicable prospectus exemptions, including the family, friends and business associates exemption, the accredited investor exemption, the existing securityholder exemption under B.C. Instrument 45-534, and equivalent exemptions under applicable Canadian securities laws.

In connection with the offering, the company paid aggregate cash finders' fees of $4,590 in accordance with the policies of the Canadian Securities Exchange and applicable securities legislation. No securities were issued as finder's compensation.

The net proceeds from the offering will be used for general working capital purposes, including advancing the company's exploration activities and evaluating strategic opportunities.

All securities issued in connection with the offering are subject to a statutory hold period under applicable Canadian securities laws, expiring four months and one day from the date of issuance. The offering remains subject to final acceptance of the Canadian Securities Exchange.

About Quebec Nickel Corp.

Quebec Nickel is a mineral exploration company focused on acquiring, exploring and developing critical metals (gold-nickel-copper-cobalt-platinum group elements) projects in North America.

We seek Safe Harbor.