Fort St. James Nickel announces financing

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Fort St. James Nickel announces financing

Vancouver, British Columbia – September 16, 2022- Fort St. James Nickel Corp. ( TSX.v:FTJ)

(“FTJ” or the “ Company”) announces that is has arranged a non-brokered private placement of

up to 2,000,000 units at a price of $0. 03 per unit for gross proceeds of $60,000. The units of the

financing will comprise of one common share and a full share purchase warrant, which may b e

exercised for a period of five years at a price of $0.05 per share

The proceeds from the Private Placement will be used for general working capital purposes.

Directors, officers or other insiders of the Company may participate in the foregoing offerings,

and such parties may sell securities of the Company owned or controlled by them personally

through the facilities of the TSX Venture Exchange to finance participation in such offerings.

A finder's fee may be paid to eligible finders, in accord ance with TSX Venture Exchange

policies. All securities issued pursuant to the offering will be subject to a hold period of four

months and one day from the date of closing. The offering and the payment of a finder's fee are

subject to approval by the TSX-V.

ON BEHALF OF THE BOARD

“Barry Brown”

President

Fort St James Nickel Corp. 604-488-3900

Forward-Looking Statements

This news release contains certain forward-looking statements, which relate to future events or future performance and reflect management's

current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made

by and information currently available to the Company. Readers are cautioned that these forward-looking statements are neither promises nor

guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected including, but not

limited to, market conditions, availability of financing, actual results of the Company's exploration and other activities, environmental risks, future

metal prices, operating risks, accidents, labor issues, delays in obtaining governmental approvals and permits, and other risks in the mining

industry. All the forward-looking statements made in this news release are qualified by these cautionary statements and those in our continuous

disclosure filings available on SEDAR at www.sedar.com . These forward-looking statements are made as of the date hereof and the Company

does not assume any obligation to update or revise them to reflect new events or circumstances save as required by applicable law.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.

TSX.V : FTJ

BER : WL3P

OTC : OARFF

September 16, 2022 News Release