Giga Metals Completes Additional Tranche of Private Placement and Provides Additional Information on First Tranche

April 14, 2025 TSX.V - GIGA

Giga Metals Completes Additional Tranche of Private Placement and Provides Additional

Information on First Tranche

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

UNITED STATES

(Vancouver, B.C.) Mark Jarvis, CEO of Giga Metals Corp. (TSX .V – GIGA) (“Giga” or the

“Company”) announced today that Giga has completed an additional and final tranche (the

“Second Tranche”) of its previously announced non-brokered private placement (the “ Private

Placement”).

The Private Placement consist s of units (“Units”) issued at a price of $0.10 per Unit. Each Unit

consists of one common share and one common share purchase warrant (a “ Warrant”). Each

Warrant entitles the holder to acquire one additional common share at an exercise price of $0.15

for three years following the date of issuance. Pursuant to the Second Tranche of Private Placement,

which completed today, Giga issued 250,000 Units for gross proceeds of $25,000.

Pursuant to the first tranche (the “First Tranche”) of the Private Placement, which completed on

April 4, 2025, Giga issued 4,320,000 Units for gross proceeds of $432,000. In connection with the

First Tranche, Giga paid certain arm’s length parties $ 14,920 as finder and brokerage fees and

issued 141,200 finders’ warrants (“Finders’ Warrants”). Each Finders’ Warrant entitles the holder

to acquire one common share at an exercise price of $0.15 for one year from the date of issuance.

All securities issued pursuant to the Private Placement are subject to a statutory hold period of four

months and one day from the date of issuance. Proceeds of the Private Placement will be used for

general corporate purposes.

Mark Jarvis, CEO of Giga, purchased 250,000 Units in the First Tranche of Private Placement. The

participation of Mr. Jarvis in the Private Placement constitutes a “related party transaction”

pursuant to Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special

Transactions (“MI 61-101”). The Company has determined that the transaction is exempt from the

formal valuation and minority shareholder approval requirements of MI 61- 101 by virtue of the

exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value

of securities issued to Mr. Jarvis nor the consideration paid by Mr. Jarvis exceeded 25 percent of

the Company’s market capitalization. The Company did not file a material change report in respect

of the transaction 21 days in advance of closing of the First Tranche of Private Placement because

Mr. Jarvis’ participation had not been confirmed. The shorter period was necessary to permit the

Company to close the First Tranche Private Placement in a timeframe consistent with the usual

market practice for transactions of this nature.

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, expectations or intentions regarding

the future. Such statements include, but are not limited to, the use of proceeds of the Private

Placement. 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 management’s discretion to reallocate the net proceeds

of the Private Placement. 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,

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.

#604-700 West Pender Street, Vancouver, BC V6C 1G8

www.gigametals.com

Tel: 604 681 2300