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SHL.V ·

Homeland Announces Change in Auditor

Regulatory & Compliance

Homeland Announces Change in Auditor

Toronto, Ontario – July 14, 2025 – Homeland Nickel Inc. (“Homeland Nickel” or the “Company”)

(TSX-V: SHL, OTC: SRCGF) announces that it has changed its auditor from Scarrow and Donald, LLP

Chartered Professional Accountants (the "Former Auditor") to MNP LLP, Chartered Professional

Accountants (the "Successor Auditor") effective July 7, 2025. The Former Auditor resigned as auditor of

the Company January 30, 2025 and the board of directors of the Company appointed the Successor Auditor

as the new auditor until the next Annual General Meeting of the Company. The change of auditor is due to

exposure of the Company to United States assets which the previous auditor is no longer handling.

The Company confirms that there have been no modified opinions in the Former Auditor's reports for the

two most recently completed financial years or for any period subsequent to the most recently completed

period for which an audit report was issued. The Company's board of directors and audit committee each

approved the resignation of the Former Auditor and the appointment of the Successor Auditor in place of

the Former Auditor; there were no reportable events (as defined in National Instrument 51 -102) in

connection with each of the Former Auditor's audit of the Company which occurred prior to their resignation

as auditors of the Company; and the Notice of Change of Auditor was approved by the Company's board

of directors.

In accordance with National Instrument 51-102, the Notice of Change of Auditor, together with the required

letters from the Former Auditor and the Successor Auditor, have been reviewed by the audit committee and

the board of directors and have been filed on SEDAR.

About Homeland Nickel

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources

with nickel projects in Oregon, United States and copper and gold projects in Newfoundland, Canada. The

Company holds a significant portfolio of mining securities including 2.692 million shares of Canada Nickel

Company Inc. (TSX-V: CNC), 9.960 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB),

12.682 million shares of Benton Resources Inc. (TSX-V: BEX) and 2.761 million shares of Magna Terra

Minerals Inc. (TSX-V: MTT). Homeland Nickel’s common shares trade on the TSX Venture Exchange

under the symbol “SHL”. More detailed information can be found on the Company’s website at:

http://www.homelandnickel.com

Cautionary Statement

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

of the TSX V enture Exchange) accepts responsibility for the adequacy or accuracy of this news release. No

stock exchange, securities commission or other regulatory authority has approved or disapproved the

information contained herein.

This news release contains statements that constitute “forward -looking statements”. Forward-looking

statements are statements that are not historical facts and include, but are not limited to, disclosure regarding

possible events, that are based on assumptions and courses of action, and in certain cases, can be identified

by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential”

and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur, or

the negative forms of any of these words and other similar expressions. Forward-looking statements include

statements related to future plans for the Company, and other forward -looking information. Forward-

looking statements are based on various assumptions including with respect to the anticipated actions of

securities regulators, stock exchanges, and government entities, management plans and timelines, as well

as results of operations, performance, business prospects and opportunities. Although the forward-looking

statements contained in this news release are based upon what the management of the Company believes

are reasonable assumptions on the date of this news release, such assumptions may prove to be incorrect.

Forward-looking statements involve known and unknown risks and uncertainties, they should not be read

as guarantees of future performance or results, and they will not necessarily be accurate indicati ons of

whether such results will be achieved. A number of factors could cause actual results, performance or

achievements to differ materially from the results discussed in the forward-looking statements, including,

but not limited to: an inability to deve lop and successfully implement exploration strategies; general

business, economic, competitive, political and social uncertainties; the lack of available capital; impact of

the evolving situation in Ukraine on the business of the Company; and other risks detailed from time-to-

time in the Company’s ongoing filings with securities regulatory authorities, which filings can be found at

www.sedarplus.ca. The Company cannot assure readers that actual results will be consistent with these

forward-looking statements. Readers are cautioned not to place undue reliance on forward -looking

statements in this press release. These forward-looking statements are made as of the date of this news

release and the Company disclaims any intent or obligation to update any forward -looking statement,

whether because of new information, future events or otherwise, unless otherwise required by law.

Contact

Stephen Balch, President & CEO

Phone: 905-407-9586

Email: [email protected]