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ZBNI.V ·

Zeb Nickel Corp. Announces Results of Annual General Meeting

Shareholder Meetings

TSX-V:ZBNI

OTCQB: ZBNIF

www.zebnickel.com Tel: +1 416 504 3978

[email protected]

ZEB NICKEL CORP. ANNOUNCES RESULTS OF ANNUAL GENERAL MEETING

Vancouver, BC, July 29th, 2022 - ZEB Nickel Corp. (ZBNI: TSX-V) (OTC: ZBNIF) (“Zeb” or the

“Company”) is pleased to announce that, in conjunction with the holding of the Company's recent

annual general meeting of stockholders on July 25, 2022 (the "AGM"), the following proposals

were duly ratified by the Company's stockholders in the following manner:

• Wayne Isaacs, Anton Drescher, Richard Montjoie, Tom Panoulias, Greg Mckenzie, Jay

Vieira and John Zorbas were elected to the Board of Directors of the Company.

• Smythe LLP Chartered Professional Accounts were re -appointed as the Company’s

Auditor’s for the ensuing year.

• The Company’s Rolling Stock Option Plan was Approved.

Zeb Nickel Corp.’s (“Zeb”) flagship project is the Zebediela Nickel Project which is located in the

Limpopo Province of South Africa and contains 3.9 million tons of contained sulphide nickel. The

project is ranked number 8 in the global top ten nickel sulphide resources as per Mudd and Jowitt

(2014) and is at an advanced licensin g stage to mine in an environmentally friendly, sustainable,

and cost-efficient manner.

The project is located in an area known for its world class nickel -copper-platinum group element

(“Ni-Cu-PGE”) deposits. Zeb’s neighbors include Ivanhoe Mines’ Platreef Project and Anglo

American Platinum’s Mogalakwena mine, which is the world’s largest open pit platinum mine.

These two deposits together contain over 27% of the top ten known global nickel sulphide

resource. The Company has filed a filing statement dated July 28, 2021 (the “Filing Statement”)

under its profile on SEDAR at www.sedar.com. Readers are encouraged to review the Filing

Statement, which provides detailed information the business of the Company and the Zebediela

Nickel Project.

ON BEHALF OF THE BOARD

“Wayne Isaacs”

Chief Executive Officer

For further information from the Company, contact:

Wayne Isaacs

ZEB Nickel Corp.

Chief Executive Officer

Suite 401, 4 King Street,

Toronto, Ontario

M5H 1B6

Phone: (416) 504-3978

Email: [email protected]

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.

This news release may contain certain "Forward -Looking Statements" within the meaning of the

United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities

laws regarding the Company and its business. When or if used in this news release, the words

"anticipate", "believe", "estimate", "expect", "target, "plan", "forecast", "may", "schedule" and

similar words or expressions identify forward-looking statements or information. These forward-

looking statements or information may relate to proposed financing activity, proposed

acquisitions, regulatory or government requirements or approvals, the reliability of third -party

information and other factors or information. Such statements represent the Company's current

views with respect to future events and are necessarily based upon a number of assumptions and

estimates that, while considered reasonable by the Company, are inherently subject to significant

business, economic, competitive, political and social risks, contingencies and uncertainties. Many

factors, both known and unknown, could cause results, performance or achievements to be

materially different from the results, performance or achievements that are or may be expressed

or implied by such forward - looking statements. The Company does not intend, and do not

assume any obligation, to update these forward -looking statements or information to reflect

changes in assumptions or changes in circumstances or any other events affecting such statements

and information other than as required by applicable laws, rules and regulations. This news

release is not an offer of securities for sale in the United States. The securities may not be offered

or sold in the United States absent registration or an exemption from registration under U.S.

Securities Act of 1933, as amended (the “U.S. Securities Act"). The Company has not registered

and will not register the securities under the U.S. Securities Act. The Company does not intend to

engage in a public offering of their securities in the United States.