Fort St. James Nickel Corp. Adopts Semi-Annual Financial Reporting

1

Fort St. James Nickel Corp. Adopts Semi-Annual Financial Reporting

Vancouver, British Columbia – July 8, 2026 - Fort St. James Nickel Corp. (TSX.v:FTJ) (“FTJ” or

the “Company”) is pleased to announce that it has adopted semi -annual financial reporting

(“SAR”) pursuant to Coordinated Blanket Order 51- 933 – Exemptions to Permit Semi- Annual

Reporting for Certain Venture Issuers (the “Blanket Order”) issued by the British Columbia

Securities Commission on March 19, 2026.

The Blanket Order allows eligible venture issuers listed on the TSX Venture Exchange (the

“TSXV”) to voluntarily move from a quarterly to a semi-annual financial reporting framework. By

adopting SAR, the Company aims to reduce the administrative and financial burden associated with

quarterly reporting.

The Company’s fiscal year ends on April 30. Under the SAR pilot program, the Company will no

longer file interim financial reports and related Management’s Discussion & Analysis (“MD&A”)

for its three -month and nine -month interim periods. The initial interim period for which the

Company will not file is the three-month period ends July 31, 2026.

The Company will continue to file audited annual financial statements and MD&A (due 120 days

after April 30) and unaudited six- month financial statements and MD&A (due 60 days after

October 31).

The Company remains committed to timely disclosure and will continue to report all material

changes and significant developments as required under National Instrument 51-102 – Continuous

Disclosure Obligations and the policies of the TSXV.

This news release is being issued and filed pursuant to the Blanket Order.

ON BEHALF OF THE BOARD

“Quinn Field-Dyte”

Director

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 b ased 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

TSX.V : FTJ

BER : WL3P

OTC : OARFF

July 8, 2026 News Release

Fort St. James News Release

2

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, environ mental 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.