Homeland Provides Exploration and Corporate Update

HOMELAND PROVIDES EXPLORATION AND CORPORATE UPDATE

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED

STATES

Toronto, Ontario, September 17, 2026 – Homeland Nickel Inc. (TSXV: SHL; OTCQB: SRCGF)

(“Homeland” or the “Company”) is pleased to announce that its previously submitted Plan of Operation

(OpPlan) for a sonic drill program at the Red Flat Nickel Project (“Red Flat” ) has been accepted by the

United States Forest Service (USFS). The OpPlan will now proceed to the NEPA (environmental)

evaluation and cultural review, both of which are well underway (including completion of field work). The

revised OpPlan for the Cleopatra Nickel Project (“Cleopatra”) is expected to be submitted next week for

acceptance by the USFS.

Homeland also announces that it has completed a recompilation of previous data at both Red Flat and

Cleopatra to the satisfaction of its Qualified Person who will produce an updated Mineral Resource Estimate

without the need to conduct additional field work or to reproduce a portion of the original auger hole

drilling. These reports will substantially accelerate the Company’s plans for an Initial Assessment Report

at Cleopatra in SK -1300 format in compliance with the United States Securities and Exchange

Commission’s (SEC) disclosure requirements and a Preliminary Economic Assessment at Red Flat to NI

43-101 format, suitable for filing within the Canadian regulatory system.

Commenting on these recent events, President and CEO Steve Balch said “ the acceptance of our Plan of

Operation by the Forest Service brings us much closer to our sonic drill program and we are hopeful we

can complete this program in October subject to crew availability. We can issue new Mineral Resource

Estimates for both Cleopatra and Red Flat as we were able to locate all the historical data and have

integrated it into a searchable database. While we don’t expect much difference to the original work, the

SK-1300 format report for Cleopatra will help Patriot Nickel in their upcoming listing on a US exchange.

Once the reports are available, both Homeland and Patriot will proceed with preliminary economic

assessments of Red Flat and Cleopatra. We expect one or both reports to be complete d during Q4 2026,

roughly a year ahead of schedule. This is why we renegotiated the NSR and milestone payments with RAB

Capital. We were able to issue an equivalent value of our common stock in place of the milestone cash

payments and acquired all NSR rights in the process.”

Financing Update

Homeland also announces that further to its news releases dated August 26, 2026, and September 14, 2026,

it has closed its previously announced non-brokered private placement financing of 8,000,000 units of the

Company (the “ Units”) at a price of C$0.38 per Unit for aggregate gross proceeds to the Company of

C$3,040,000 (the “Financing”).

Each Unit is composed of one common share of the Company (a " Common Share") and one half of one

(0.5) Common Share purchase warrant (each whole warrant, a " Warrant"). Each Warrant entitles the

holder to purchase one Common Share (a “ Warrant Share”) at an exercise price of C$0.50 per Warrant

Share for a period of 24 months following the closing of the Financing.

The Company intends to use the net proceeds of the Financing to fund property payment obligations and

exploration activities at the Company’s mineral exploration projects and for general corporate purposes.

The closing of the Financing is subject to the receipt of all necessary regulatory approvals, including the

final approval of the TSX Venture Exchange. All securities issued and issuable pursuant to the Financing

are subject to a four-month plus one day hold period commencing on the date of issuance. No finder's fees,

commissions or other compensation were paid or are payable in connection with the Financing.

Certain directors and officers (the "Insiders") acquired an aggregate of 465,098 Units under the Financing.

The participation of Insiders in the Financing constitutes a "related party transaction" within the meaning

of Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI

61-101"). The Corporation is relying on exemptions from the formal valuation and minority shareholder

approval requirements applicable to related party transactions under sections 5.5(a) and 5.7(1)(a),

respectively, of MI 61-101, as neither the fair market value of the securities acquired by the participating

Insiders nor the consideration paid by the Insiders exceeds 25 percent of the Corporation's market

capitalization (as determined under MI 61 -101). The Corporation did not file a material change report

related to the Insiders' subscriptions more than 21 days before the closing of the Financing as required by

MI 61-101 as the subscriptions by the Insiders was uncertain at that time and Corporation wished to close

the Financing on an expedited basis for sound business reasons.

The securities described herein have not been, and will not be, registered under the United States Securities

Act, or any state securities laws, and accordingly may not be offered or sold within the United States except

in compliance with the registration requirements of the U.S. Securities Act and applicable state securities

requirements or pursuant to exemptions therefrom. This news release does not constitute an offer to sell or

a solicitation to buy any securities in any jurisdiction.

Marketing Update

Homeland has engaged the services of AI Power Marketing Ltd. ("AIPM"), a company affiliated with ML

Global Group (owner and publisher of MidasLetter.ca), for media services. Pursuant to an advertising and

media production agreement dated September 15, 2026, AIPM received a one-time fee of C$20,000, plus

applicable taxes. The agreement is for the creation of a video interview with Stephen Balch, President &

CEO of Homeland Nickel Inc ., which will be distributed on YouTube.com/MidasLetter , Substack at

midasletter.substack.com, various Midas Letter social accounts and Google Adwords.

There are no performance factors contained in the agreement, and no stock options or other forms of equity

compensation have been granted in connection with the engagement. AIPM is an arm's length party to the

Company. AIPM and its employees and affiliates may acquire an interest in the securities of the Company

in the future in the ordinary course of business.

AIPM's advertising business activities are intended to provide information to market participants who are

seeking information on Canadian publicly traded companies in the natural resource sector. Inquiries should

be directed to [email protected].

About Homeland Nickel Inc.

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

with nine nickel projects in Oregon, United States, including two with historical resources. The Cleopatra

Property alone contains a historical resource of approximately 40 Mt of laterite grading 0.93% 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” and on the OTCQB

as SRCGF with DTC Eleigibility. 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

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 news

release.

This press release includes certain "forward -looking information" within the meaning of Canadian

securities legislation (“forward -looking statements”). Forward -looking statements are not comprised of

historical facts. Forward-looking statements include estimates and statements that describe the Company’s

future plans, objectives or goals, including words to the effect that the Company or management expects a

stated condition or result to occur. Forward- looking statements may be identified by such terms as

“believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since

forward-looking statements are based on assumptions and address future events and conditions, by their

very nature they involve inherent risks and uncertainties. Although these statements are based on

information currently available to the Company, the Company provides no assurance that actual results will

meet management’s expectations. Risks, uncertainties, and other factors involved with forward- looking

statements could cause actual events, results, performance, prospects, and opportunities to differ materially

from those expressed or implied by such forward -looking statements. Forward-looking statements in this

document include, but are not limited to, statements regarding the Financing, including the maximum size

thereof, the expected timing to complete the Financing, the ability to complete the Financing on the terms

provided herein or at all, the anticipated use of the net proceeds from the Financing, the receipt of all

necessary approvals for the Financing and the Company’s objectives, goals and future plans. Factors that

could cause actual results t o differ materially from such forward -looking statements include, but are not

limited to failure to identify mineral resources, the preliminary nature of metallurgical test results, delays

in obtaining or failures to obtain required governmental, environmental or other project approvals, changes

in regulatory requirements, political and social risks, uncertainties relating to the availability and costs of

financing needed in the future, uncertainties or challenges related to mineral title in the Company’s projects,

changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity and in particular

nickel prices, delays in the development of projects, the continued availability of capital, accidents and

labour disputes, and the other risks involved in the mineral exploration industry, an inability to raise

additional funding, the manner the Company uses its cash or the proceeds of an offering of the Company’s

securities and those risks set out in the Company’s public documents filed on SEDAR+. Although the

Company believes that the assumptions and factors used in preparing the forward- looking statements in

this news release are reasonable, undue reliance should not be placed on such information, which only

applies as of the date of this news release, and no assurance can be given that such events will occur in the

disclosed time frames or at all. Reference is made to the Company’s continuous disclosure documents filed

on SEDAR+ for a more detailed discussion of some of the factors underl ying forward-looking statements

and the risks that may affect the Company’s ability to achieve the expectations set forth in the forward -

looking statements contained in this press release. Forward- looking statements contained in this news

release are expressly qualified by this cautionary statement. The forward -looking statements contained in

this news release are made as of the date of this news release, and the Company disclaims any intention or

obligation to update or revise any forward- looking statements, whether as a result of new information,

future events, or otherwise, other than as required by law.