To: Goose94 who wrote (117508 ) 1/20/2022 5:35:29 PM From: Goose94 Respond to Flying Nickel Conversion of Non-FT Subscription Receipts for $3,740,407.13Flying Nickel is pleased to provide the following update with respect to the previously completed $8,600,000 private placement (the " Flying Nickel Offering ") of subscription receipts of the Company. Gross proceeds of $3,740,407.13 were released from escrow to Flying Nickel upon converting an aggregate of 5,844,033 non-flow-through subscription receipts of the Company into 5,844,033 units of the Company (the "Units "), each consisting of one common share and one-half of one common share purchase warrant of the Company, at a price of $0.70 per Unit, pursuant to the subscription receipt agreement between Flying Nickel, Computershare Trust Company of Canada and Red Cloud Securities Inc.TSXV ") for the listing of the common shares of the Company on the TSXV. In connection with the conversion, an aggregate of 342,069 broker warrants were issued to the agents for the Flying Nickel Offering. Each broker warrant entitles the holder to acquire one common share of the Company at an exercise price of $0.70 per common share until November 29, 2023. About Flying Nickel Flying Nickel Mining Corp. is a premier nickel sulphide mining and exploration company currently under application to list on the TSXV in early 2022. The company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada Further information on the Company can be found at www.flynickel.com. FLYING NICKEL MINING CORP. ON BEHALF OF THE BOARD “DANNIEL OOSTERMAN” CEO For more information about the Company, please contact: Name: John Lee, Executive Chairman Email: jlee@flynickel.com
