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FPX.V ·

FPX Nickel to Host Investor Webinar and Release Preliminary Feasibility Study on Baptiste Nickel Project

Economic Studies Marketing Announcement

Suite 320 – 1155 West Pender Street

Vancouver, BC Canada V6E 2P4

Tel: 604.681.8600

e-mail: [email protected]

FPX Nickel to Host Investor Webinar and Release Preliminary

Feasibility Study on Baptiste Nickel Project

Vancouver, August 31, 2023 – FPX Nickel Corp. (TSX-V: FPX, OTCQB: FPOCF) (“FPX” or the

“Company”) is pleased to announce that the Company will announce the results of a preliminary feasibility

study (“PFS”) on the Baptiste Nickel Project (“Baptiste”) on September 6, 2023. The PFS will mark the

culmination of the extensive de -risking and optimization program that has been undertaken since the

issuance of the Baptiste 2020 preliminary economic assessment (“2020 PEA”).

The Company’s management will host a live webinar on We dnesday, September 6 at 10:00 a.m. Eastern

(7:00 a.m. Pacific) to provide an overview of the Baptiste PFS results and to answer questions from

participants. Participants can access the live webinar at the following link:

https://www.renmarkfinancial.com/events/renmark-virtual-non-deal-roadshow-tsx-v-fpx-otcqb-fpocf-

2023-09-06-100000

A replay of the webinar will be available within 48 hours after the event at the following link:

https://www.renmarkfinancial.com/vndrs

About the Decar Nickel District

The Company’s Decar Nickel District represents a large-scale greenfield discovery of nickel mineralization

in the form of a naturally occurring nickel -iron alloy called awaruite (Ni3Fe) hosted in an

ultramafic/ophiolite complex. FPX’s mineral claims cover an area of 245 km 2 west of the Middle River

and north of Trembleur Lake, in central British Columbia. Awaruite mineralization has been identified in

several target areas within the ophiolite complex including the Baptiste Deposit and the Van Target, as

confirmed by drilling, petrographic examination, electron probe analyses and outcrop sampling. Since

2010, approximately US $30 million has been spent on the exploration and development of Decar.

Of the four targets in the Decar Nickel District, the Baptiste Deposit has been the focus of increasing

resource definition (a total of 99 holes and 33,700 m of drilling completed), as well as environmental and

engineering studies to evaluate its potential as a bulk-tonnage open pit mining project. The Baptiste Deposit

is located within the Baptiste Creek watershed, on the traditional and unceded territories of Tl’azt’en Nation

and Binche Whut’en, and within several Tl’azt’enne and Binche Whut’enne keyohs. FPX has conducted

mineral exploration activities to date subject to the conditions of agreements with First Nations and keyoh

holders.

About FPX Nickel Corp.

FPX Nickel Corp. is focused on the exploration and development of the Decar Nickel District, located in

central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron

alloy mineralization known as awaruite. For more information, please view the Company’s website at

www.fpxnickel.com or contact Martin Turenne, President and CEO, at (604) 681 -8600 or

[email protected].

On behalf of FPX Nickel Corp.

“Martin Turenne”

Martin Turenne, President, CEO and Director

Forward-Looking Statements

Certain of the statements made and information contained herein is considered “forward -looking

information” within the meaning of applicable Canadian securities laws. These statements address future

events and conditions and so involve inherent risks and uncertainties, as disclosed in the Company’ s

periodic filings with Canadian securities regulators. Actual results could differ from those currently

projected. The Company does not assume the obligation to update any forward-looking statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the

adequacy or accuracy of this release.