NKL.V · 2021-11-15 12:00:00

Nickel 28 Announces Restart of Ramu MINE

Mine Development & Operations

NEWS RELEASE TSX Venture: NKL

FSE: 3JC0

NICKEL 28 ANNOUNCES RESTART OF RAMU MINE

TORONTO, ONTARIO, November 15, 2021 —Nickel 28 Capital Corp. (“Nickel 28” or the “Company”)

(TSXV: NKL) (FSE: 3JC0) has been notified by Metallurgical Corporation of China (“ MCC”), our

operating partner at the Ramu mine, that the Ramu nickel-cobalt operation’s mine has re-started production

following the two week pause in operations announced on October 27, 2021. The Company does not expect

that the recent pause in operations will have a material impact on production guidance.

About Nickel 28

Nickel 28 Capital Corp. is a nickel-cobalt producer through its 8.56% joint -venture interest in the

producing, long-life and world-class Ramu Nickel-Cobalt Operation located in Papua New Guinea. Ramu

provides Nickel 28 with significant attributable nickel and cobalt production thereby offering our

shareholders direct exposure to two metals which are critical to the adoption of electric vehicles. In addition,

Nickel 28 manages a portfolio of 13 nickel and cobalt royalties on development and exploration projects in

Canada, Australia and Papua New Guinea.

Cautionary Note Regarding Forward-Looking Statements

This news release contains certain information which c onstitutes ‘forward -looking statements’ and

‘forward-looking information’ within the meaning of applicable Canadian securities laws. Any statements

that are contained in this news release that are not statements of historical fact may be deemed to be forward-

looking statements. Forward -looking statements are often identified by terms such as “may”, “should”,

“anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar

expressions. Forward-looking statements in this new s release include, but are not limited to : statements

with respect to the operational and financial results; and statements with respect to the business and assets

of the Company and its strategy going forward . Readers are cautioned not to place undue reli ance on

forward-looking statements. Forward -looking statements involve known and unknown risks and

uncertainties, most of which are beyond the Company’s control. Should one or more of the risks or

uncertainties underlying these forward-looking statements materialize, or should assumptions underlying

the forward-looking statements prove incorrect, actual results, performance or achievements could vary

materially from those expressed or implied by the forward-looking statements.

The forward-looking statements contained herein are made as of the date of this release and, other than as

required by applicable securities laws, the Company does not assume any obligation to update or revise

them to reflect new events or circumstances. The forward-looking statements contained in this release are

expressly qualified by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release. No securities regulatory authority has either approved or disapproved of the contents of this

news release.

Investor Contact:

Nickel 28 Investor Relations

Tel: 647.846.7765