Giga Metals Closes NSR transaction with Cobalt 27

July 31, 2018 TSX.V - GIGA

Giga Metals Closes NSR transaction with Cobalt 27

Vancouver, British Columbia –- Further to the news release dated July 12, 2018, Giga

Metals Corporation (TSX.V: GIGA) (FSE: BRR2) announced today that the Company

has closed the sale of a 2% Net Smelter Return ( “NSR”) royalty on all future nickel and

cobalt production from the Turnagain Nickel-Cobalt Project to Cobalt 27 Capital Corp .

Giga Metals is in receipt of U.S. $1 million in cash and 1,125, 000 shares of the capital

stock of Cobalt 27. The cash and marketable securities received by the Company from this

transaction, combined with the cash on hand of approximately C$3.5 million, will provide

the necessary capital to advance the Turnagain Project to the Pre -Feasibility stage and

beyond.

On behalf of the Board of Directors,

“Mark Jarvis”

MARK JARVIS, PRESIDENT & CEO

GIGA METALS CORPORATION

Tel – 604 681 2300

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

T: 604-681-2300 E: [email protected] W: www.gigametals.com