Mr. Stuart Harshaw reports

NICKEL CREEK PLATINUM ANNOUNCES CLOSING OF $1.5 MILLION TRANCHE OF PRIVATE PLACEMENT

Nickel Creek Platinum Corp. has closed the first tranche of its previously announced private placement pursuant to which the company issued 350,000 common shares of the company to Electrum Strategic Opportunities Fund LP at a price of $2.15 per common share and 326,087 flow-through (FT) common shares at a price of $2.30 per FT share for aggregate gross proceeds of approximately $1.5-million.

The company may have a second tranche of financing, which will close during the month of December, 2025.

Stuart Harshaw, president and chief executive officer of Nickel Creek, commented: "The Nickel Shaw project has the critical minerals the world needs. The funds being raised will be used in 2026 to further explore for additional nickel and copper mineralization."

The net proceeds from the sale of the common shares will be used to finance the company's proposed 2026 exploration drill program, continuing permitting activities and holding costs at the company's Nickel Shaw project, located in Yukon, and for general corporate expenses and working capital purposes. Gross proceeds from the sale of the FT shares will be used to finance the company's proposed 2026 drill program at the project, as Canadian exploration expenses, as defined in paragraph (f) of the definition of Canadian exploration expense in Subsection 66.1(6) of the tax act, and flow-through mining expenditures, as defined in Subsection 127(9) of the tax act, which will be renounced with an effective date of no later than Dec. 31, 2025, to initial purchasers of the FT shares.

All common shares and FT shares issued under the private placement are subject to a statutory four-month-and-one-day hold period from today's closing.

In connection with the issuance of the FT shares, Mine Equities Ltd. received 19,565 common shares, at a deemed issue price of $2.30 per share, as a finder's fee, representing 6 per cent of the gross proceeds received by the company from the sale of the FT shares.

Pursuant to Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions, the private placement was a related party transaction as Electrum is a related party of the company, given it holds greater than 10 per cent of the outstanding common shares. The company is relying on exemptions from the formal valuation and minority shareholder approval requirements provided under sections 5.5(a) and 5.7(1)(a) of MI 61-101 on the basis that participation in the private placement by Electrum will not exceed 25 per cent of the fair market value of the company's market capitalization, as calculated in accordance with MI 61-101.

About Nickel Creek Platinum Corp.

Nickel Creek Platinum is a Canadian mining exploration and development company and its asset is its 100-per-cent-owned Nickel Shaw project. The Nickel Shaw project is a large undeveloped nickel sulphide project in one of the most favourable jurisdictions in the world, with a unique mix of metals, including copper, cobalt and platinum group metals. The Nickel Shaw project has exceptional access to infrastructure, located three hours west of Whitehorse via the paved Alaska Highway, which offers year-round access to deep-sea shipping ports in southern Alaska.

The company is led by a management team with a proven record of successful discovery, development, financing and operation of large-scale projects. Its vision is to create value for its shareholders by becoming a leading North American nickel, copper, cobalt and PGM (platinum group metal) producer.

We seek Safe Harbor.