Mr. Quinn Field-Dyte reports

FORT ST. JAMES NICKEL CORPORATE UPDATE

Fort St. James Nickel Corp. has appointed Jason Birmingham as an independent director, effective June 17, 2026.

Mr. Birmingham has over 37 years of experience as an entrepreneurial executive and consulting professional. He brings to the company hands-on experience in domestic and international private and public company start-ups. Since April, 1999, he has run his own consulting business and has been involved with many companies in the capacities of founder/principal, senior officer, director and/or financier. He brings experience with project generation, deal negotiation and acquisition, corporate structuring and strategic planning, private and public company finance and regulatory compliance, public and investor relations marketing, and board and committee activities. Industries served include resource exploration/exploitation, technology, hospitality and agri-business. He has been a director of several publicly listed companies on the TSX Venture Exchange and Canadian Securities Exchange. His network of contacts within the financial and business community extends across North America and Europe. Mr. Birmingham is currently the interim chief executive officer and president of Abound Energy Inc., and CEO of Noveris Health Sciences Inc.

The company also discloses that the company's shares were halted on June 17, 2026, for failure to maintain exchange requirements, the company having less than three directors.

The company has been placed on a 90-day notice for failure to have an annual general meeting (AGM) pursuant to exchange Policy 3.2, Section 4.1. The company's last annual general meeting was held on Aug. 27, 2024, and it anticipates holding its next annual general meeting on Sept. 10, 2026. The company has been placed on a 90-day notice for independent directors and audit committee requirements for non-compliance with exchange Policy 3.1, sections 5.8 and 5.9, because the company has only one independent director and one audit committee member who is not an officer, employee or control person of the issuer. The company anticipates appointing a second independent director by the end of June.

The company further announces the appointment of Quinn Field-Dyte as the chief financial officer and corporate secretary of the company, effective June 10, 2026.

The company's current directors are Mr. Field-Dyte (audit committee member), Barry Brown (audit committee member) and Mr. Birmingham (independent and audit committee member).

We seek Safe Harbor.