Homeland Nickel Announces Environmental Studies to Commence at Cleopatra, Red Flat, Woodcock Mountain and Eight Dollar Mountain

Homeland Nickel Announces Environmental Studies to Commence at Cleopatra, Red Flat,

Woodcock Mountain and Eight Dollar Mountain

Toronto, Ontario – May 21, 2026 – Homeland Nickel Inc. (“Homeland” or the “Company”) (TSX-V:

SHL, OTC: SRCGF), is pleased to announce it has engaged GHD Inc. (“GHD”) to provide environmental

consulting services to develop National Environmental Policy Act (NEPA) documentation in advance of its

upcoming mineral exploration pr ograms. The services are exp ected to commence on June 7 th, 2026, and

will include the potential effects of threatened, proposed and sensitive plant species and their habitat as well

as wildlife identification including mammals, birds, reptiles, amphibians and i nvertebrates. A cultural

resources report will also be completed documenting Section 106 compliance under the National Historic

Preservation Act. GHD will focus on Cleopatra, Woodc ock and Eight Dollar Mountain while the Forest

Service will lead the environmental review on Red Flat.

Summarizing the upcoming environmental studies, President and CEO Steve Balch said “we have arranged

to complete an environmental review prior to co nducting our sonic and auger drill programs later this

summer. The Forest Service will focus on Red Flat while Homeland will lead the work on 3 other properties

to ensure we advance all our properties in 2026. Exploration will continue at our six other properties which

do not require a NEPA evaluation at this time.”

About GHD Inc.

GHD Inc. is part of the global employee-owned GHD Group Pty Ltd (“GHD Pty”) which was founded in

1928 as an engineering consulting firm in Aust ralia. Today GHD Pty offers professional services in

environmental, energy, natural resources, and geosciences. GHD Pty employs more than 12,000 people and

operates from over 160 offices worldwide including California.

About Homeland Nickel

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

with nine nickel projects in Oregon, United States. The Cleopatra Property alone contains a historical

resource of approximately 40 Mt of laterite grading 0.9% nickel making it the largest historical undeveloped

nickel resource in the continental United States. 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

FOR FURTHER INFORMATION PLEASE CONTACT:

Stephen Balch, President & CEO, Homeland Nickel Inc.

Phone: 905-407-9586

Email: [email protected]

Qualified Person

Stephen J. Balch, P.Geo. (ON), the Company’s President and CEO and a “Qualified Person” under National

Instrument (NI) 43-101, has reviewed and approved the technical content of this news release.

Cautionary Statement

This news release may contain assumptions, estimates, and other forward-looking statements regarding

future events. Such forward-looking statements involve inherent risks and uncertainties and are subject to

factors, many of which are beyond the Company's contro l that may cause actual results or performance to

differ materially from those currently anticipated in such statements.

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

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

release.