Class 1 Nickel and Technologies Ltd. (CSE: NICO) (OTCQB: NICLF) is pleased to announce that it has completed a non-brokered private placement pursuant to which it has issued an aggregate of 8,333,332 common shares at a price of $0.12 per Share to raise aggregate gross proceeds of approximately $1,000,000. The Company intends to use the proceeds of the Private Placement for general corporate purposes.

The Shares are subject to a statutory hold period expiring on October 2, 2023.

About Class 1 Nickel

Class 1 Nickel and Technologies Limited is a mineral resource company focused on the development of its 100% owned Alexo-Dundonald Property, a portfolio of komatiite hosted magmatic nickel-copper-cobalt sulphide Mineral Resources located near the City of Timmins, Ontario. The Corporation also owns the Somanike komatiite-hosted nickel-copper sulphide property in Quebec, which includes the famous Marbridge Nickel Mine, as well as additional property interests.