Giga Metals Completes Private Placement

April 27 2021 TSX.V - GIGA

NOT FOR DISTRIBUTION IN THE UNITED STATES

Giga Metals Completes Private Placement

Vancouver, BC – Giga Metals Corp. (TSXV: GIGA) announces today that the Company has closed

its previously announced private placement offering of 1,015,823 units (the “Units”) of the

Company for gross proceeds of $486,378.32 (the “Offering”).

The Units consisted of 600,000 non-flow through units priced at $0.45 comprised of one common

share and one common share purchase warrant (each, a “Warrant”), and 415,823 flow through units

priced at $0.51 comprised of one flo w through common share and one W arrant. Each Warrant

entitles the holder thereof to purchase one non-flow through common share at a price of $0.60 at

any time until April 27, 2024. The securities issued in the Offering are subject to a statutory hold

period expiring on August 28, 2021.

In connection with the Offering, the Company has paid to certain finders a cash commission equal

to 6.5% of the gross proceeds from the Offering.

The Company intends to use the net proceeds from the flow through Units on infill drilling and

other CEE eligible expenses, and net proceeds from the non-flow through Units for working capital.

The securities described in this news release have not been, nor will they be, registered under the

United States Securities Act of 1933, as amended, and may not be offered or sold in the United

States or to, or for the account or benefit of, U.S. persons absent regi stration or an applicable

exemption from the registration requirements. This press release shall not constitute an offer to sell

or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which

such offer, solicitation or sale would be unlawful.

On behalf of the Board of Directors,

“Mark Jarvis”

MARK JARVIS, CEO

GIGA METALS CORPORATION

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.

Forward-Looking Statements

This news release contain s forward-looking information that involves substantial known and

unknown risks and uncertainties, most of which are beyond the control of Giga Metals. Forward

looking statements include the intended use of proceeds of the Offering. Factors which could cause

actual results to differ include that certain of the proceeds of the Offering may need to be used

other than as set out in this news release. Although Giga Metals believes that the assumptions and

factors used in preparing the forward -looking information in this news release are reasonable,

undue reliance should not be placed on such information, which only applies as of the date of this

news release, and no assurance can be given that such events will occur in the disclosed time

frames or at all. Giga Metals disclaims any intention or obligation to update or revise any forward-

looking information, whether as a result of new information, future events or otherwise, other than

as required by law.

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

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