Fort St James Nickel Corp. Completes Consolidation

FOR IMMEDIATE RELEASE TSX-V: FTJ.H

FORT ST JAMES NICKEL CORP. COMPLETES CONSOLIDATION

Vancouver, British Columbia – July 8, 2016 – Fort St. James Nickel Corp. (the “Company”) announces that further to its news release of May 13, 2016, the TSX Venture Exchange has approved the consolidation of the common shares of the Company on the basis of 10 preconsolidation shares for one postconsolidation share. The consolidation will become effective at the opening of the market on July 12, 2016. The company's symbol shall remain as FTJ. Currently, a total of 29,334,181 shares are issued and outstanding. Accordingly, upon the consolidation becoming effective, a total of 2,933,418 shares, subject to adjustments for rounding, will be issued and outstanding. There is no maximum number of authorized shares.

Computershare Investor Services Inc. will mail letters of transmittal to the shareholders providing instructions on exchanging preconsolidation share certificates for postconsolidation share certificates. Shareholders are encouraged to send their share certificates, together with their letter of transmittal, to Computershare in accordance with the instructions in the letter of transmittal.

Also as announced on May 13, 2016 the Company intends to undertake a non-brokered private placement totaling up to $250,000. These proceeds will be raised by the Company by issuing up to five million units at a price of five cents per unit on a post consolidated basis. Each unit will consist of one post consolidated common share and one share purchase warrant entitling the holder thereof to acquire one additional post consolidated common share of the Company at a post consolidated price of five cents for a period of five years from the closing of the private placement.

The proceeds of the private placement will be used for the payment of near-term liabilities, audit costs and general working capital.

The private placement is subject to the acceptance of the TSX Venture Exchange.

ON BEHALF OF THE BOARD

(signed) “Barry Brown”

Barry Brown President

#604-488-3900

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. The securities issued, or to be issued, under the Offering have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Except as required pursuant to applicable securities laws, the Company will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by the Company.