Flying Nickel Signs Binding MOU with Norway House Cree Nation to Advance Minago Nickel Project in Thompson Manitoba

Flying Nickel Signs Binding MOU with Norway House Cree

Nation to Advance Minago Nickel Project in Thompson

Manitoba

Vancouver, British Columbia, March 9, 2022 – Flying Nickel Mining Corp. (“Flying Nickel”

or the “Company”) (TSXV:FLYN) is pleased to announce the signing of a Relationship and

Benefits Memorandum of Understanding (“MOU”) with Norway House Cree Nation (“ NHCN”) to

advance the development of the Minago Nickel Project (“Minago”).

Substantial binding terms and conditions have been agreed to in the MOU that will form the basis

of a Relationship and Benefits Agreement (“RBA”), scheduled to be finalized on or around June

30, 2022 . Signing of the MOU between Flying Nickel and NHCN lays the groundwork for

completing an agreement with the other three adjacent First Nations. The RBA will provide the

terms of cooperation between Flying Nickel and Norway House including: (i) establish ing a

cooperative and mutually respectful long- term relationship; (ii) providing employment capacity

support and economic opportunities to NHCN and its members; (ii) securing NHCN’s support with

respect to certain regulatory approvals for Minago; and (iv) a joint effort to minimize unforeseen

disruption and provi ding certainty for investment, access, and ownership of resource rights in

respect of Minago.

This MOU represents a significant milestone for the development of Minago, one of largest open-

pit optimized greenfield nickel projects in Canada , and for the advancement of the relationship

with NHCN. The MOU also demonstrates both parties’ commitment to environmentally

responsible mineral exploration and development , with the lowest carbon footprint possible,

utilizing Manitoba’s northern renewable electricity generation.

About Flying Nickel

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

was spun out from Silver Elephant Mining Corp in January 2022. 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

“Danniel Oosterman”

Chief Executive Officer

For more information about the Company, please contact:

Phone: 1-604-569-3661 ext. 101

Email: [email protected]

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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 the Company'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 Company’s forward- looking statements. The Company beli eves 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 the Company 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. The Company 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.