Mr. Benjamin Cooper reports

CLASS 1 ANNOUNCES FLOW-THROUGH CLOSING

Class 1 Nickel and Technologies Ltd. has closed its non-brokered private placement of flow-through shares at an issue price of $1.10 per share which closed on Dec. 16, 2020.

The company raised a total of $1,499,999.60 from the sale of 1,363,636 flow-through shares in the offering.

All securities will be subject to a four-month hold period from the closing date. On this closing, the company paid a total of $119,999.97 in compensation to certain finders.

Proceeds of the offering will be used to satisfy drilling commitments under the company's option agreement with Quebec Precious Metals Corp. for the Somanike property located in the Abitibi region of Quebec.

Class 1 Nickel and Technologies is a mineral resource company focused on the development of its 100-per-cent-owned Alexo-Dundonald project, a portfolio of komatiite hosted magmatic nickel-copper-cobalt sulphide resources located near Timmins, Ont., as well as developing and exercising the option over the Somanike komatiite hosted nickel copper project in Quebec, which includes the famous Marbridge mine.

We seek Safe Harbor.