Mr. Martin Turenne reports

FPX NICKEL ANNOUNCES APPROVAL OF NORMAL COURSE ISSUER BID

FPX Nickel Corp. has received approval from the TSX Venture Exchange to proceed with its normal course issuer bid (the NCIB) previously announced on Dec. 2, 2024.

Under the NCIB, the company may acquire up to five million common shares, representing approximately 2 per cent of the current public float of the common shares, over the 12-month period commencing Dec. 5, 2024, and ending on Dec. 5, 2025.

Purchases of common shares will be carried out in the open market through the facilities of the exchange, in compliance with regulatory requirements at the prevailing market price of the common shares at the time of acquisition. The actual number of common shares that may be purchased for cancellation and the timing of any such purchases will be determined by the company and dependent on market conditions. The NCIB will be conducted through Cormark Securities Inc. and made in accordance with the policies of the exchange.

The funding for any purchases pursuant to the NCIB will be from the available funds of the company. To the company's knowledge, none of the directors, senior officers or other insiders of the company, has any present intention to sell any common shares during the course of the NCIB. During the past 12 months, no common shares were purchased by the company.

The company is commencing the NCIB because it believes that the market price of its common shares is undervalued and does not reflect the value of the company's assets and future prospects and that the purchase of common shares under the NCIB is in the best interest of the company, a desirable use of its available cash and will enhance shareholder value in general.

About FPX Nickel Corp.

FPX Nickel is focused on the exploration and development of the Baptiste nickel project, located in central British Columbia, and other occurrences of the same unique style of naturally occurring nickel-iron alloy mineralization known as awaruite.

We seek Safe Harbor.