Benjamin Cooper Acquires Securities of Class 1 Nickel & Technologies Limited

NOT FOR DISTRIBUTION OR DISSEMINATION INTO THE UNITED STATES OR THROUGH U.S.

NEWSWIRE SERVICES

NEWS RELEASE

BENJAMIN COOPER ACQUIRES SECURITIES OF CLASS 1 NICKEL &

TECHNOLOGIES LIMITED

Toronto, Ontario, August 31, 2021 – Benjamin Cooper (the “ Acquirer”) announces that he has

indirectly acquired ownership and control of an aggregate of 7,940,908 common shares (the

“Subject Shares”) of Class 1 Nickel & Technologies Limited (the “ Company” or “Class 1”),

effective August 30, 2021 (the “Acquisition”).

The Subject Shares were issued in connection w ith the previously announced acquisition by the

Company of certain mineral claims from Platinum Group Elements Limited. The Subject Shares

represented approximately 6.5% of all issued and outstanding common shares of the Company

(“Shares”) as of August 30, 2021, resulting in a corresponding change to the aggregate

percentage ownership of the Company by the Ac quirer. Immediately before the Acquisition, the

Acquirer directly and indirectly held an aggregate of 24,985,000 Shares and convertible

securities entitling the Acquirer to acquire an additional 5,582,751 Shares, representing

approximately 22.4% of the issued and outst anding Shares (or appr oximately 26.1% on a

partially diluted basis, assuming conversion of such convertible securities only). Immediately

following the Acquisition, the Acquirer directly and indirectly held 32,925,908 Shares (inclusive

of the Subject Shares) and convertible securities entitling the Acquirer to acquire an additional

5,582,751 Shares, representing approxima tely 27.1% of all issued an d outstanding Shares as of

August 30, 2021 (or approximately 30.3% on a partially diluted basis, assuming exercise of the

convertible securities only).

The Subject Shares were acquired pursuant to the Acquisition at a deemed price of $0.56 per

Subject Share (or $4,446,908 in the aggregate). The Subject Shares were acquired from the

Company directly and not through the facilities of any stock exchange. The holdings of securities

of the Company by the Acquirer ar e managed for investment purpos es, and the Acquirer and/or

his joint actors could increase or decrease their respective investments in the Company at any

time, or continue to maintain their current i nvestment position, depending on market conditions

or any other relevant factor.

Additional Information

A copy of the applicable securiti es report filed in connection w ith the matters set forth above

may be obtained by contacting: Benjamin C ooper, TH 102-2287 Lakeshore Boulevard West,

Humber Bay, Ontario M8V 3Y1, Tel: (416) 454-0166.