Flying Nickel Announces Grant of Stock Options

Flying Nickel Announces Grant of Stock Options

Vancouver, British Columbia, January 3, 2023 – Flying Nickel Mining Corp. (“Flying Nickel”

or the “Company”) (TSX-V:FLYN, OTCQB:FLYNF) announces that its board of directors has

approved the grant of incentive stock options (the "Options") to certain directors, officers and

employees to acquire a total of 1,400,000 common shares in the capital of the Company at an

exercise price of $0.135. All Options were granted pursuant to the Company's 10% rolling stock

option plan (the "Plan") and are subject to the terms of the Plan, the applicable grant agreements

and the requirements of the TSX-V. The Options are exercisable for a five-year term

expiring January 3, 2028. The Options will vest at 12.5% per quarter for the first two years

following the grant date.

About Flying Nickel

Flying Nickel Mining Corp. is a premier nickel sulphide mining and exploration company. The

company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in

Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John Lee

Interim Chief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: [email protected]

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.

Cautionary Note Regarding Forward-Looking Statements

Certain statements contained in this news release, including statements which may contain words

such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions,

and statements related to matters which are not historical facts, are forward-looking information

within the meaning of applicable securities laws. Such forward-looking statements, which reflect

management’s expectations regarding Flying Nickel’s future growth, results of operations,

performance, business prospects and opportunities, are based on certain factors and

assumptions and involve known and unknown risks and uncertainties which may cause the actual

results, performance, or achievements to be materially different from future results, performance,

or achievements expressed or implied by such forward-looking statements.

These factors should be considered carefully, and readers should not place undue reliance on

the Flying Nickel’s forward-looking statements. Flying Nickel believes that the expectations

reflected in the forward-looking statements contained in this news release and the documents

incorporated by reference herein are reasonable, but no assurance can be given that these

expectations will prove to be correct. In addition, although Flying Nickel has attempted to identify

important factors that could cause actual actions, events or results to differ materially from those

described in forward looking statements, there may be other factors that cause actions, events or

results not to be as anticipated, estimated or intended. Flying Nickel undertakes no obligation to

release publicly any future revisions to forward-looking statements to reflect events or

circumstances after the date of this news or to reflect the occurrence of unanticipated events,

except as expressly required by law.