Mr. Stephen Balch reports

HOMELAND ANNOUNCES SALE OF SHAMROCK NICKEL-COPPER PROJECT TO AMERICAN GOLD & COPPER

Homeland Nickel Inc. has agreed to sell its Shamrock nickel-copper project to American Gold & Copper Inc. via a non-binding letter of intent. The LOI is structured as an asset acquisition and is subject to a due diligence period of 60 days.

Commenting on the sale of Shamrock, Homeland chief executive officer Steve Balch said: "Shamrock is an excellent nickel sulphide project with significant copper and precious metals. But Homeland has its hands full with nine nickel laterite properties in Oregon, and we have visited the property only once since acquiring it."

The sale involves two cash payments by AGCI to Homeland after completion of the due diligence period as summarized below:

• Payment of $150,000 (U.S.) for the property;
• Payment of $8,500 (U.S.) to cover mining claim renewal costs in September, 2026.

About Shamrock

The Shamrock nickel-copper project contains nickel, copper and platinum group elements in sulphide, and is in Jackson county, Southern Oregon, approximately 20 miles northwest of Medford. Highlights of the project include:

• 40 unpatented lode mining claims covering approximately 758 acres;
• Located within a historically recognized mining region of Southern Oregon;
• Road-accessible, with access extending from a paved highway to within a short distance of the historical workings;
• A history of exploration activity dating to the early 1900s, including underground development and diamond drilling conducted by the United States Bureau of Mines during 1949 to 1950;
• A 200-pound composite sample was taken that assayed 1.1 per cent Cu (copper), 1.3 per cent Ni (nickel) and 0.03 ounce per ton Pt (platinum);
• Transferable technical information, exploration records and project data to be acquired together with the claims.

Due diligence and closing conditions

The letter of intent provides for a 60-day due diligence period. AGCI and its representatives may conduct legal, title, technical, geological, environmental, financial, tax, operational and other reviews relating to the assets. An independent qualified professional selected by AGCI is expected to examine the claims, chain of title, legal descriptions, filings, maintenance status and related records.

The claims must be valid, properly recorded, maintained, and in good standing at signing of the definitive agreement and at closing, unless an applicable condition is expressly waived by AGCI.

Completion of the proposed transaction is subject to, among other matters, satisfactory due diligence; verification that the claims are valid and in good standing; execution of mutually acceptable definitive agreements; receipt of required approvals and consents, which may include the acceptance of the TSX Venture Exchange in respect of Homeland; the absence of a material adverse change; and delivery of customary transfer and closing documents. The parties currently anticipate closing on or before Oct. 11, 2026, unless otherwise agreed to in writing.

About Homeland Nickel Inc.

Homeland Nickel is a Canadian-based mineral exploration company focused on critical metal resources with nine nickel projects in Oregon, United States, including two with historical resources. The Cleopatra property alone contains a historical resource of approximately 40 Mt (million tonnes) of laterite grading 0.9 per cent nickel making it the largest historical undeveloped nickel resource in the continental United States. Homeland Nickel's common shares trade on the TSX Venture Exchange under the symbol SHL.

Qualified person

Stephen J. Balch, PGeo (Ontario), the company's president and chief executive officer, and a qualified person under National Instrument 43-101, has reviewed and approved the technical content of this news release.

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