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NiCAN Invites Investors to Visit Booth #2217A at the PDAC on March 3-4

Corporate Updates

NiCAN Limited

130 King St West, Suite 3680

P.O Box 99

Toronto, ON M5X 1B1

NiCAN Invites Investors to Visit Booth #2217A at the PDAC on March 3-4

Toronto, Ontario – February 29, 2024 – NiCAN Limited (“NiCAN” or the “Company”) (TSX-V:NICN) invites

shareholders and investors to visit our booth, #2217A, at the Prospectors and Developers Association of

Canada (“PDAC”) Convention in Toronto on March 3-4. The PDAC is one of the world’s premier mineral

exploration & mining events and is held at the Metro Toronto Convention Centre.

Brad Humphrey, President, and CEO of NiCAN, stated, “We welcome the opportunity to participate in the

PDAC again this year. This is an exciting time for NiCAN as we have a solid balance sheet, we are currently

drilling, and have highly prospective nickel targets to explore in established mining jurisdictions.”

About NiCAN

NiCAN Limited is a mineral exploration company, trading under the symbol “NICN” on the TSX -V. The

Company is actively exploring two nickel projects, both located in well-established mining jurisdictions in

Manitoba, Canada.

Contact Information:

Brad Humphrey Sandy Noyes

President and CEO Investor Relations & Communications

416.565.4007 [email protected]

[email protected]

www.nicanltd.com

To receive news releases by e-mail, please register using the NiCAN website at www.nicanltd.com.

Cautionary Note Regarding Forward-Looking Statements

The information contained herein contains certain “forward -looking information” under applicable

securities laws concerning the proposed financing, business, operations and financial performance and

condition of NiCAN Limited. Forward -looking information includes, but is not limited to, the size and

timing of the drill program, results of the drill program, future exploration drill programs, interpretations

of the various surveys, NiCAN’s ability to identify mineralization similar to that found in prior drill holes,

the benefits and the potential of the properties of the C ompany and neighboring properties; future

commodity prices (including in relation to NiEq calculations); drilling and other exploration potential;

costs; and permitting. Forward -looking information may be characterized by words such as “plan,”

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“expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements

that certain events or conditions “may” or “will” occur. Forward -looking information is based on the

opinions and estimates of management at the date the statements are made and are based on a number

of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual

events or results to differ materially from those projected in the forward -looking information. Many of

these assumptions are based on factors and events that are not within the control of the C ompany and

there is no assurance they will prove to be correct. Factors that could cause actual results to vary

materially from results anticipated by such forward -looking information includes changes in market

conditions, fluctuating metal prices and currency exchange rates, the possibility of project cost overruns

or unanticipated costs and expenses and permitting disputes and/or delays. Although the C ompany has

attempted to identify important factors that could cause actual actions, events or results to differ

materially from those described in forward -looking information, there may be other factors that cause

actions, events or results not to be anticipated, estimated or intended. There can be no assurance that

forward-looking information will prove to be accurate, as actual results and future events could differ

materially from those anticipated in such statements. The Co mpany undertakes no obligation to update

forward-looking information if circumstances or management’s estimates or opinions should change

except as required by applicable securities laws. The reader is cautioned not to place undue reliance on

forward-looking information.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX -V) accepts

responsibility for the adequacy or accuracy of this release.