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NiCAN Provides Voting Results From Annual General Meeting

Shareholder Meetings

NiCAN Limited

130 King St West, Suite 3680

P.O Box 99

Toronto, ON M5X 1B1

NiCAN Provides Voting Results From Annual General Meeting

Toronto, Ontario – June 27, 2024 – NiCAN Limited (“NiCAN” or the “Company”) (TSX-V:NICN/FRA:W8Y)

is pleased to provide the results of its 2024 Annual General and Special Meeting (the “Meeting”) of

shareholders held on Thursday , June 27, 2024, in Toronto, Canada. Shareholders holding 19,509,651

common shares, or 23.97% , of the outstanding common shares of the Company were represented in

person or by proxy at the Meeting and voted in favour of all matters brought before the Meeting.

The following table details the results from the Meeting:

NiCAN Limited 2024 Meeting Results

Motions

Votes

for

Votes

against

Votes

withheld

Election of Directors

Michael Hoffman 98.61% 0.00% 1.39%

Brad Humphrey 98.61% 0.00% 1.39%

Alison (Saga) Williams 98.52% 0.00% 1.48%

Dr. Mark Cruise 98.52% 0.00% 1.48%

Patrick Gleeson 98.61% 0.00% 1.39%

Svetoslava (Stacey) Pavlova 98.52% 0.00% 1.48%

Appointment of Davidson & Company, LLP, as auditors 100.00% 0.00% 0.00%

Approval of Long-Term Incentive Plan 98.44% 1.56% 0.00%

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

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Cautionary Note Regarding Forward-Looking Statements

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

securities laws concerning mineralization conceptualizations and future exploration programs, 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,

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 Company; 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,” “expect,” “project,” “intend,”

“believe,” “anticipate”, “estimate” and other similar words, or statemen ts 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 Company 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.