Mr. Stephen Balch reports

HOMELAND NICKEL ENTERS AGREEMENT WITH USA COMPANY, AMPLIFYING EXPOSURE TO STRATEGIC HOLDINGS

Homeland Nickel Inc. has formed Patriot Nickel Corp., a Delaware-registered private company with strong domestic roots and capital market ties.

Commenting on the deal with Patriot, president and chief executive officer of Homeland, Stephen Balch, said: "The Patriot partnership is in keeping with our belief in the emerging America First trend in the United States and the fact that Southern Oregon is the only logical location to build a significant, domestic supply of nickel. Our option of portfolio projects to Patriot and our equity interest in them will benefit shareholders immensely as Patriot brings American investor interest and recognition, American management, and an excellent board of directors, who are well placed to facilitate change within the U.S. regulatory system. Homeland will benefit greatly while minimizing dilution to our existing shareholders."

Highlights of the recently signed mineral rights agreement with Patriot include:

• The transaction is considered arm's length;
• Homeland will option its Cleopatra property (39.5 Mt (million tonnes) at 0.93 per cent Ni historical resource) and its Eight Dollar Mountain property (see news release July 17, 2025);
• Homeland will receive 20 per cent of the common shares of Patriot;
• Staged cash payments to Homeland of $1.25-million (U.S.);
• Minimum expenditure requirements of $3.00-million (U.S.);
• Cash and expenditure requirements are based over three years and can be accelerated;
• Requirement to bring one property to prefeasibility to earn an 80-per-cent interest in both properties;
• Patriot will assume 50 per cent of the progress payments to RAB Capital ($7.5-million);
• Homeland will appoint one Patriot Director;
• Homeland will be the operator of the exploration programs until such time as a joint venture is formed;
• Upon Patriot Nickel vesting its 80-per-cent interest, a joint venture will be formed, and Patriot will become the operator at Cleopatra and Eight Dollar Mountain.

Qualified person

Stephen J. Balch (BSc, PGeo, No. 2250 -- Ontario), president and chief executive officer of Homeland Nickel and a qualified person within the meaning of National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved its technical content on behalf of the company.

Historical resources

The historical resource on the Cleopatra property was originally prepared by Andre J. Rancourt, Eng, MScA, titled "Evaluation of the Cleopatra Ni/Co Property Mining Potential, Curry County, Oregon, U.S.A." and dated Nov. 23, 2009. This report was later reviewed by John Siriunis who visited the property in 2023 and prepared a report titled National Instrument 43-101 technical report for the Cleopatra nickel-cobalt property having an effective date of Aug. 10, 2023, and co-authored by Dr. Scott Jobin-Bevans. The 2023 report stated that, "The 2009 mineral resource estimate was completed in accordance with NI 43-101 and following the CIM definition standards for mineral resources and mineral reserves (CIM, 2005)."

Although the 2009 report by Rancourt was prepared in accordance with NI 43-101 and followed CIM definition standards for mineral resources, it was never placed in the public domain. As such the mineral resources are considered historical resources. All original assays and assay certificates for this work were preserved and are retained by Homeland.

During the original sampling programs, auger samples were individually wrapped and identified with a unique number. Samples were sent to ALS Chemex of Vancouver, Canada, which performed the assays using the conventional ME-ICP61 method. ALS Chemex is ISO/IEC 17025 certified by the Standards Council of Canada and has its own internal quality check system. Additional quality control was performed in the form of spot check auger holes and additional sampling plus sample reassaying. This work is summarized in the 2009 report which is available on the company's website as is the 2023 report.

To make the historical resources compliant, a minimum of 10 per cent of the original work will be required to be repeated, consisting primarily of twinning selected auger holes, with geologic logging, sampling and assaying.

About Homeland Nickel Inc.

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources with nickel projects in Oregon, United States, and copper and gold projects in Newfoundland, Canada. The company holds a significant portfolio of mining securities including 742,095 shares of Canada Nickel Company Inc. (TSX Venture Exchange: CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB), 11.477 million shares of Benton Resources Inc. (TSX-V: BEX), 139,767 shares of Vinland Lithium Inc. (TSX-V: VLD) and 2.761 million shares of Magna Terra Minerals Inc. (TSX-V: MTT). Homeland Nickel's common shares trade on the TSX Venture Exchange under the symbol SHL.

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