Giga Metals Announces Non-Brokered Private Placement

March 19, 2025 TSX.V - GIGA

Giga Metals Announces Non-Brokered Private Placement

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN

THE UNITED STATES

Vancouver, B.C., Canada – Mark Jarvis, CEO of Giga Metals Corporation (TSX.V:

GIGA) (" Giga" or the “Company”) announced today that the Company intends to

complete a non-brokered private placement (the “Private Placement”) of up to 5,000,000

units (“Units”) at a price of $0.10 per Unit to raise gross proceeds of up to $500,000.

Each Unit will consist of one common share of the Company (a “ Common Share”) and

one Common Share purchase warrant (a “Warrant”). Each Warrant will entitle the holder

thereof to purchase one Common Share of the Company (a “Warrant Share”) for a period

of three years following the closing of the Private Placement at an exercise price of $0. 15

per Warrant Share.

The Company plans to use the net proceeds of the Private Placement for general corporate

purposes and working capital. Finder’s fees and finder’s warrants may be issued on a

portion of the private placement. Completion of the Private Placement is subject to certain

conditions, including the receipt of the approval of the TSX Venture Exchange.

About Giga Metals Corporation

Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British

Columbia, which contains one of the few significant undeveloped sulphide nickel and

cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned

85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. The Pre-Feasibility

Study was released in October 2023.

Forward-looking Statements

Certain statements in this news release are forward -looking statements, which reflect the

expectations of the Company. Forward -looking statements consist of statements that are

not purely historical, including any statements regarding beliefs, plans, expec tations or

intentions regarding the future. Such statements include, but are not limited to, completion

of the Private Placement and any additional funding for the Turnagain Project. No

assurance can be given that any of the events anticipated by the forward-looking statements

will occur or, if they do occur, what benefits the Company will obtain from them. These

forward-looking statements reflect management's current views and are based on certain

expectations, estimates and assumptions which may prove to be incorrect. A number of

risks and uncertainties could cause our actual results to differ materially from those

expressed or implied by the forward -looking statements, including: the conditions to

closing of the Private Placement may be not be satisfied; the Company may not be able to

locate suitable investors for the Private Placement and the terms for any additional funding

of the Turnagain Project may not be finalized. These forward-looking statements are made

as of the date of this news release and, except as required by applicable securities laws,

the Company assumes no obligation to update these forward -looking statements, or to

update the reasons why actual results differed from those projected in the forward-looking

statements.

On behalf of the Board of Directors of Giga Metals Corporation

“Mark Jarvis”

MARK JARVIS,

CEO

Contact Information

Office Phone: +1 (604) 681-2300

Investor Inquiries: [email protected]

Company Website: www.gigametals.com

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.

Suite 203 – 700 West Pender St., Vancouver, BC, Canada V6C 1G8