Pursuant to a resolution passed by directors on May 8, 2024, the TSX Venture Exchange has accepted for filing documentation in connection with an internal reorganization whereby Spruce Ridge Resources Ltd. has completed a short-form, vertical amalgamation with its wholly owned subsidiary, Homeland Nickel Inc., under the provisions of the Business Corporations Act (Ontario). The name of the company has also been changed to Homeland Nickel Inc. The exchange has been advised that the amalgamation was effective as of May 10, 2024.

As a result of the amalgamation, effective at the opening, Thursday, May 16, 2024, the common shares of Homeland Nickel will commence trading on the TSX Venture Exchange and the common shares of Spruce Ridge Resources will be delisted. The company is classified as a mineral exploration/development company.

Capitalization:  unlimited shares with no par value, of which 215,207,202 shares are issued and outstanding

Escrow:  nil shares subject to escrow

Transfer agent:  TSX Trust Company

Trading symbol:  SHL (unchanged)

Cusip No.:  43740Q 10 7 (new)