Nickel One Resources Inc. Disclosure Clarification

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Suite 1110 – 1111 West Georgia Street

Vancouver, B.C. V6E 4M3

NEWS RELEASE

TSXV Symbol: NNN

Frankfurt: 7N1

NR-2017-03-22

Nickel One Resources Inc. Disclosure Clarification

Vancouver, B.C., March 22, 2017

As a result of a review by the British Columbia Securities Commission, Nickel One Resources In c.

(the “Company”) is issuing the following news release to clarify certain disclosures previously made

by it.

The issues primarily concern the Company’s disclosure pertaining to the Läntinen Koillismaa PGE-

Cu-Ni project (“LK Project”) located in North -central Finland, as recently acquired by the Company

from Finore Mining Inc. through the purchase of Nortec Minerals Oy , and compliance with National

Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”).

The Company has made statements or references to mineral resources attributable to the LK Project,

in the following disclosure documents:

1. news releases of October 19, 2016 and February 1, 2017 (the “News Releases”);

2. a corporate presentation (the “Presentation”) on the Company’s website; and

3, a link on the Company’s website to an article by Rockstone Research dated August 11, 2016

(the “Article”).

The Company advises that those mineral resource estimates, as disclosed, are not supported by a

compliant NI 43 -101 technical re port, contrary to NI 43 -101; and further advises that the estimates

should not be relied on until they have been verified and supported by a compliant technical report.

The Company has engaged Mining Plus Consulting Canada Ltd. to prepare a technical repo rt, in

compliance with NI 43 -101, to support such disclosure . The Company expects to receive and file

such technical report within 21 days following the date of this news release.

The Company further acknowledges that in its recent MD&A’s, it did not identify and disclose the

relationship to the Company of the qualified person who prepared, supervised the preparation of, or

approved of the technical information therein; and, on its website and in the Presentation, the

Company did not identify the qualifie d person who prepared, supervised the preparation of, or

approved of the information pertaining to the LK Project. The Company advises that Scott Jobin-

Bevans, Ph.D., PMP, P.Geo , a Qualified Person for the purposes of NI 43 -101, did review and

approve the disclosure in the Company’s MD&A’s, its website and news releases. Dr. Jobin-Bevans

also approved of the technical disclosure in this news release. Dr. Jobin-Bevans is a director of the

Company.

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Vance Loeber

CEO, President, Director

For further information contact:

Vance Loeber

Phone: 778 327-5799

Fax: 778-327-6675

Email: [email protected]

Neither the TSX Venture Exchange nor its Market Regulator (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.

This press release is not an offer or a solicitation of an offer of securities for sale in the United States of America. The common shares of

Nickel One Resources Inc. have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered

or sold in the United States absent registration or an applicable exemption from registration.