Ms. Misty Urbatsch reports

CORE NICKEL COMPLETES OVER-SUBSCRIBED FLOW-THROUGH PRIVATE PLACEMENT FINANCING

Core Nickel Corp. has closed its oversubscribed non-brokered private placement previously announced on Dec. 8, 2023. Under the offering, the company has issued 4,354,400 flow-through units for gross proceeds of $391,896. The gross proceeds received from the offering will be used for work programs on the company's Halfway and Resting Lake exploration properties.

In connection with the offering, the company paid a total of $19,409.76 and issued a total of 215,664 warrants as finder's fees. Each finder's warrant is exercisable for one common share at a price of nine cents for two years.

All securities issued under this private placement are subject to a hold period expiring April 29, 2024, in accordance with applicable securities laws and the policies of the Canadian Securities Exchange.

About Core Nickel Corp.

Core Nickel is a junior nickel exploration company that controls 100 per cent of five properties in the prolific nickel district, the Thompson nickel belt (TNB) in Northern Manitoba, Canada. The five properties consist of 150,000 hectares of land that is proximal to existing infrastructure, such as highways and operating mills.

The qualified person under National Instrument 43-101 Standards of Disclosure for Mineral Projects for this news release is Misty Urbatsch, MBA, PGeo, chief executive officer, president and director for Core Nickel, who has reviewed and approved its contents.

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