Mr. Stephen Balch reports

HOMELAND NICKEL UPDATE ON PATRIOT NICKEL AND CONTINUED PROPERTY ACQUISITIONS

Homeland Nickel Inc. has appointed Jeffrey Strobel as chief executive officer of Patriot Nickel. He is an experienced mining executive and former military officer. Homeland continues to consolidate nickel laterite properties in southern Oregon with the acquisition of Rough and Ready.

Commenting on the Patriot appointment, Homeland president and chief executive officer Steve Balch said, "We are very impressed with the high level of talent Patriot Nickel has attracted, and we look forward to working closely with Jeff to advance our properties."

Patriot Nickel has optioned Homeland Nickel's Cleopatra and Eight Dollar Mountain nickel laterite properties subject to certain cash payments and exploration commitments. Upon completion of a prefeasibility study, Patriot will own 80 per cent of the properties, and Homeland will retain 20 per cent. Homeland will also acquire 20 per cent of the common shares of Patriot upon an initial public offering.

Homeland has completed the acquisition of Woodcock Mountain, and has signed an agreement to acquire the Rough and Ready property located fewer than four kilometres northwest of O'Brien, Ore., off Highway 199.

Commenting on Rough and Ready, Mr. Balch said: "The property covers 640 acres of previously outlined nickel laterite with historical assays up to 2.0 per cent nickel, with grade intervals from auger holes up to 1.58 per cent nickel over six feet at surface and excavations of laterite in places to a depth of 40 vertical feet. For Woodcock Mountain, we have completed all payments, and the mining claims have been transferred to Homeland. We will continue to acquire the best nickel laterite assets in southern Oregon as we consolidate these resources."

On the Cleopatra property, the Forest Service has approved the surface use determination portion of the plan of operation and is proceeding with an environmental review. Homeland is preparing for a summer 2026 exploration program at Cleopatra, Red Flat, Woodcock Mountain, Josephine Creek and Eight Dollar Mountain. While the Forest Service will conduct an environmental review on Cleopatra and Red Flat, Homeland will conduct its own review on the remaining properties listed above.

About Mr. Strobel

Mr. Strobel is a seasoned mining executive with direct operational experience with over 20 years of experience in mining. He began his career as a U.S. Navy officer flying F-14 Tomcats and served as an officer in electronic warfare, weapons and electrical engineering. He has specialized in corporate turnarounds and restructuring, notably leading Inmet Mining (now Bluegrass Natural Resources) through a successful Chapter 11 reorganization. As chief executive officer of Atlantic Carbon Group, he oversaw the doubling of coal production and processing, leading ACG to profitability. He also served as vice-president of business development and strategy for Arch Resources, managing over $1-billion in transactions. Currently, Mr. Strobel is based in Missouri and advises Javelin Global Commodities on international mining evaluations. He is a graduate of Columbia Business School.

About the Rough and Ready property

The Rough and Ready property is located four kilometres west of the small town of O'Brien in southern Oregon, and is accessed by local roads and trails.

The geology at Rough and Ready consists of significant nickel laterite overlying a partly serpentinized peridotite of the Josephine ultramafic suite, the same geology hosting the historic Riddle mine, America's largest ever nickel mine. The best laterite is developed along ridgetops and benches, but laterite has been mapped across the entire mountain from 1,560 feet to 3,900 feet elevation.

Nickel exploration began at Rough and Ready in the 1950s. From 1968 to 1970, Cominco-American Inc. conducted trenching, augering and churn drilling. Inspiration Development Company was active during 1973 to 1978 with drilling, backhoe sampling and seismic surveys to estimate the depth of the laterite. In 1977, the U.S. Bureau of Mines conducted extensive backhoe sampling.

The historical work at Rough and Ready identified zones having an average grade of 1.0 per cent nickel such as Parker and South Flank, and proved the laterite is up to 40 feet thick in some areas. Highlights from previous augering included 1.58 per cent nickel, 0.10 per cent cobalt and 2.44 per cent chromite over four feet from surface in AIG-78 and 1.45 per cent nickel and 2.24 per cent chromite over five feet starting one foot below surface in AIG-64. These intersections are located hundreds of metres apart.

Qualified person

Stephen J. Balch, PGeo (Ontario), the company's president and chief executive officer, a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release.

About Homeland Nickel Inc.

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources with nine nickel projects in Oregon, United States, and copper and gold projects in Newfoundland, Canada. The company holds a significant portfolio of mining securities including 442,000 shares of Canada Nickel Company Inc., 9.96 million shares of Noble Mineral Exploration Inc., 11,447,000 shares of Benton Resources Inc., 81,150 shares of Vinland Lithium Inc. and 2,761,000 shares of Magna Terra Minerals Inc. Homeland Nickel's common shares trade on the TSX Venture Exchange under the symbol SHL.

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