Mr. Stephen Balch reports

HOMELAND ANNOUNCES NON-BROKERED PRIVATE PLACEMENT IS FULLY SUBSCRIBED

Further to the news release dated Aug. 26, 2026, Homeland Nickel Inc.'s previously announced non-brokered private placement financing of up to eight million units of the company at a price of 38 cents per unit for aggregate gross proceeds to the company of approximately $3.04-million has been fully subscribed.

Each unit will be composed of one common share of the company and one-half of one common share purchase warrant. Each warrant will entitle the holder to purchase one common share at an exercise price of 50 cents per warrant share for a period of 24 months following the closing of the financing.

Closing of the financing remains subject to final acceptance by the TSX Venture Exchange. The company intends to use the net proceeds of the financing to finance property payment obligations and exploration activities at the company's mineral exploration projects and for general corporate purposes.

Certain directors and officers are expected to acquire units under the financing. The participation of insiders in the financing will constitute a related-party transaction within the meaning of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company anticipates relying on exemptions from the formal valuation and minority shareholder approval requirements applicable to related-party transactions under sections 5.5(a) and 5.7(1)(a), respectively, of MI 61-101, as neither the fair market value of the securities to be acquired by the participating insiders, nor the consideration to be paid by the insiders is expected to exceed 25 per cent of the company's market capitalization (as determined under MI 61-101).

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, including two with historical resources. The Cleopatra property alone contains a historical resource of approximately 40 million tonnes of laterite grading 0.9 per cent nickel, making it the largest historical undeveloped nickel resource in the continental United States. Homeland Nickel's common shares trade on the TSX Venture Exchange under the symbol SHL.

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.

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