Mr. David Patterson reports

QUEBEC NICKEL CORP. ANNOUNCES PRIVATE PLACEMENT

Quebec Nickel Corp. intends to complete a non-brokered private placement of units at a price of 25 cents per unit for gross proceeds of up to $1-million.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of 40 cents for a period of two years from the date of issuance.

The company intends to use the net proceeds of the offering for exploration and development activities on projects, as well as for general working capital purposes.

The units will also be offered to existing shareholders under B.C. Instrument 45-534 (Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders) and equivalent provisions of applicable securities laws in other jurisdictions of Canada.

To be eligible to participate, only those shareholders who hold shares of the company as at March 3, 2026, can participate. Any person who becomes a shareholder of the company after the record date is not permitted to participate in the offering. Existing shareholders who are interested in participating in the offering should contact the company at the contact information set out in this press release. The offering is on a first-come, first-served basis.

There are conditions and restrictions when relying upon the existing shareholder exemption, namely, the subscriber must: (a) be a shareholder of the company on the record date (and still is a shareholder); b) be purchasing the units as a principal, that is, for the shareholder's own account and not for any other party; and (c) may not purchase more than $15,000 value of securities from the company in any 12-month period, unless the shareholder has first received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer's identity and employer.

The offering is subject to customary conditions, including approval of the Canadian Securities Exchange and other required regulatory approvals. All securities issued pursuant to the offering will be subject to a statutory hold period of four months and one day in accordance with applicable securities laws.

The company may pay finders' fees in connection with the offering in accordance with applicable securities laws and exchange policies.

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.