Mr. Keith Morrison reports

PREMIUM NICKEL RESOURCES LTD. ANNOUNCES CHANGE TO LEADERSHIP TEAM

Premium Nickel Resources Ltd. has appointed Sean Whiteford as president of the company, succeeding Mark Fedikow, who will become a member of the advisory board. Mr. Whiteford will transition from his role as director to become president, effective immediately.

Mr. Whiteford is an accomplished geologist and mining executive with over 30 years of multicommodity experience within the global resource sector. He has extensive knowledge of mineral exploration, resource definition, mining, strategy, technology and project studies, having held various corporate, operational and technical roles at BHP, Rio Tinto and Cliffs Natural Resources. Mr. Whiteford also has a strong business development background; he has completed the advanced management program from Columbia Business School. Most recently, he was vice-president of business development at Burgundy Diamond Mines Ltd. and president of Osgood Mountains Gold. He is a member of the AUSIMM, PDAC and SEG.

Keith Morrison, chief executive officer, commented: "Sean is well known to the company. His extensive background, experience, technical skill set and in-depth understanding of the assets will be invaluable as the company continues to advance the Selebi and Selkirk mines in Botswana to compliant PEA [preliminary economic assessment] maiden resources. We are also grateful to Mark for his invaluable contributions to the company throughout the years and, on behalf of the board and shareholders, we sincerely thank Mark for his service and wish him well in his future endeavours."

With Mr. Whiteford's transition to president, the board will consist of five members, namely, Charles Riopel, Mr. Morrison, John Hick, William O'Reilly and Don Newberry. The board remains committed to strengthening the management team and implementing strong corporate governance practices as the company continues to advance its assets and evaluate new opportunities.

About Premium Nickel Resources Ltd.

Premium Nickel Resources is a mineral exploration and development company that focuses on discovering and advancing high-quality nickel, copper and cobalt resources. The company is driven by its belief that the demand for these metals will continue to grow in the medium to long-term as a result of global urbanization and the increasing adoption of electric motors over internal combustion engines. These metals are vital for achieving a low-carbon future.

The company's global strategy is to identify the most promising nickel-copper-cobalt-PGE (platinum group element) projects and acquire or invest in opportunities that offer high-prospectivity in mining friendly jurisdictions located in low-risk countries with supportive foreign investment and resource acts, as well as rule-of-law. The company's portfolio includes various global projects (Botswana, Greenland, Canada and Morocco) that complements its flagship Selebi Ni-Cu-Co sulphide mine located in Selebi-Phikwe, Botswana.

Premium Nickel Resources is committed to governance through transparent accountability and open communication within its team and its stakeholders. The company's skilled team has collectively worked over 100 projects collectively, accumulating over 400 years of resource discoveries, mine development and mine re-engineering experience on projects like Selebi and Selkirk. Premium Nickel Resources's team members have, on average, more than 20 years of experience in every single aspect of mine discovery and development, from geology to operations.

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