Fort St. James Nickel Closes on $241,000 First Tranche of Private Placement

Suite 1515 - 700 West Pender Street, Vancouver, British Columbia V6C 1G8

FOR IMMEDIATE RELEASE TSX-V: FTJ

FORT ST. JAMES NICKEL CLOSES ON $241,000 FIRST TRANCHE OF PRIVATE PLACEMENT

Vancouver, British Columbia – March 28, 2014 – Fort St. James Nickel Corp. (the “Company”) announces that it has closed the first tranche of a non-brokered private placement announced on March 19, 2014, having issued 4,820,000 units of the Company (the “Units”) at a price per Unit of $0.05 for gross proceeds of $241,000. Each Unit consists of one common share in the capital of the Company and one non-transferable share purchase warrant, each warrant entitling the holder to purchase one additional common share at a price of $0.05 until March 28, 2019.

Shares acquired by the placees, and shares which may be acquired upon the exercise of the share purchase warrants, are subject to a hold period until July 29, 2014, in accordance with applicable securities legislation. The proceeds of the private placement will be used by the Company for general corporate purposes.

Insiders participated in this first tranche of the private placement, having purchased an aggregate 4,320,000 Units, which constitutes a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and Multilateral Instrument 61-101 (“MI 61-101”). The Company is relying on section 5.5(c) of MI 61-101 (distribution of securities for cash) for exemption from the formal valuation requirement and section 5.7(1)(b) of MI 61-101 (fair market value not more than $2,500,000) for exemption from the minority approval requirement of MI 61-101.

No finder’s fees were paid by the Company with respect to closing of the first tranche of the private placement.

For further information, please contact:

Head Office: Tel. 604-662-8186 Sandy MacDougall Fax 604-662-8170 President and Chief Executive Officer www.fortstjamesnickel.com

This news release contains certain statements that may be deemed “forward-looking statements. Forward looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although Fort St James Nickel Corp. believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in forward looking statements. Forward looking statements are based on the beliefs, estimates and opinions of Fort St James management on the date the statements are made. Except as required by law, Fort St James Nickel Corp. undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

Neither the 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 news release.

THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES, AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT THEREFROM.