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To: Goose94 who wrote (169415)6/18/2024 8:12:05 PM
From: Goose94Read Replies (1) | Respond to of 202924
 
Premium Nickel Res. (PNRL-V) Upsize to Previously - Announced Non-brokered Equity Financing

June 10th 2024 - NR

Premium Nickel Res. is pleased to announce that the Company is upsizing its previously-announced non-brokered private placement offering (the "Offering") of units of the Company (the "Units") at a price of $0.78 per Unit from approximately C$15 million to aggregate gross proceeds of up to approximately C$27.5 million, in response to very strong interest in the Offering, largely from the Company's existing shareholders. The Company has received committed subscriptions for the entire C$27.5 million.

Other than the upsize of the Offering, all other details of the non-brokered equity financing remain as disclosed in the news release of the Company issued on June 5, 2024 and entitled "Premium Nickel Resources Ltd. Announces Fully-Committed $15 Million Private Placement of Units".

The initial tranche of the Offering for aggregate gross proceeds of approximately C$15 million is expected to close on or about June 14, 2024 and the final tranche of the Offering for the remaining Units is expected to close on or about June 21, 2024, subject to the receipt of all necessary approvals, including the approval of the TSX Venture Exchange.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "1933 Act") or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.

ON BEHALF OF THE BOARD OF DIRECTORS

Keith Morrison
Chairman and Chief Executive Officer
Premium Nickel Resources Ltd.

For further information about Premium Nickel Resources Ltd., please contact:

Jaclyn Ruptash
Vice President, Communications and Government and Investor Relations
+1 (604) 770-4334