File: '\\swfile\EmailIn\20241122 125035 Attachment NIKL_NR_20241122 ceo and director change.docx'

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(NIKL.H-TSX-V)

FOR IMMEDIATE RELEASE November 22, 2024

GK Resources Announces New Chief Executive Officer and Director Change

Vancouver, British Columbia - GK Resources Ltd. (TSX-V: NIKL.H) ("GK" or the "Company") is pleased to announce the appointment of Jon Ward as Chief Executive Officer ("CEO") and Anna Pagliaro to the Board of Directors. Mr. Ward's and Ms. Pagliaro's appointments are effective immediately.

The Company would like to thank outgoing Director and CEO, Ian MacDonald, for his leadership and contributions during his tenure and wishes him the very best in his future endeavors.

Mr. Ward, a current Director of GK, is a highly accomplished investor relations and capital markets professional with extensive experience in the development and communication of corporate strategy to the financial markets, stakeholder relations, and business development. Mr. Ward is the current Vice President Corporate Development for Targa Exploration Corp. Over his career, Mr. Ward has held management positions and led marketing initiatives for multiple companies within Inventa Capital, providing critical support in investor engagement, project management, and strategic business growth. He holds a Bachelor of Business (Finance and Accounting) with extended majors in Funds Management, Professional Accounting, and Banking from Queensland University of Technology.

Ms. Pagliaro is a seasoned leader with over a decade of expertise in corporate governance, commercial management, and international business operations. She currently serves as the Director of Commercial & Risk at Vizsla Silver Corp., where she oversees strategic initiatives in legal affairs, commercial strategy, and operational excellence.

Previously, she was the Senior Manager of Commercial Operations at Ausenco, where she played a pivotal role in building and leading high-performing teams, implementing robust commercial processes, and shaping core business strategies. Her career also includes serving as Legal Advisor for Ausenco's North American mining group and has held positions at various mining companies, including Integra Gold Corp and NexGen Energy.

Her experience spans both public and private sectors, showcasing her ability to navigate complex commercial and governance challenges. She holds a Bachelor of Laws degree from Adelaide University in South Australia.

About GK Resources Ltd.

GK Resources Ltd. is a mineral property exploration company that completed its initial public offering on March 21, 2019. On March 25, 2019, the shares of the Company began trading on the TSX Venture Exchange under the stock symbol NIKL.

Contact Information: For more information and to sign up for the mailing list, please contact:

Jon Ward

Chief Executive Officer

Tel: (604) 355-0303

Email: jon@inventacapital.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

File: Attachment NIKL_NR_20241122 ceo and director change.pdf

(NIKL.H-TSX-V)

FOR IMMEDIATE RELEASE November 22, 2024

GK Resources Announces New Chief Executive Officer and Director Change

Vancouver, British Columbia GK Resources Ltd. (TSX-V: NIKL.H) ("GK" or the "Company") is pleased to announce the appointment of Jon Ward as Chief Executive Officer ("CEO") and Anna Pagliaro to the Board of Directors. Mr. Ward's and Ms. Pagliaro's appointments are effective immediately.

The Company would like to thank outgoing Director and CEO, Ian MacDonald, for his leadership and contributions during his tenure and wishes him the very best in his future endeavors.

Mr. Ward, a current Director of GK, is a highly accomplished investor relations and capital markets professional with extensive experience in the development and communication of corporate strategy to the financial markets, stakeholder relations, and business development. Mr. Ward is the current Vice President Corporate Development for Targa Exploration Corp. Over his career, Mr. Ward has held management positions and led marketing initiatives for multiple companies within Inventa Capital, providing critical support in investor engagement, project management, and strategic business growth. He holds a Bachelor of Business (Finance and Accounting) with extended majors in Funds Management, Professional Accounting, and Banking from Queensland University of Technology.

Ms. Pagliaro is a seasoned leader with over a decade of expertise in corporate governance, commercial management, and international business operations. She currently serves as the Director of Commercial & Risk at Vizsla Silver Corp., where she oversees strategic initiatives in legal affairs, commercial strategy, and operational excellence.

Previously, she was the Senior Manager of Commercial Operations at Ausenco, where she played a pivotal role in building and leading high-performing teams, implementing robust commercial processes, and shaping core business strategies. Her career also includes serving as Legal Advisor for Ausenco's North American mining group and has held positions at various mining companies, including Integra Gold Corp and NexGen Energy.

Her experience spans both public and private sectors, showcasing her ability to navigate complex commercial and governance challenges. She holds a Bachelor of Laws degree from Adelaide University in South Australia.

About GK Resources Ltd.

GK Resources Ltd. is a mineral property exploration company that completed its initial public offering on March 21, 2019. On March 25, 2019, the shares of the Company began trading on the TSX Venture Exchange under the stock symbol NIKL. 7

Contact Information: For more information and to sign up for the mailing list, please contact:

Jon Ward Chief Executive Officer Tel: (604) 355-0303 Email: jon@inventacapital.ca

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.