Giga Metals Corp. (TSX-V: GIGA) (OTCQB: GIGGF) (FSE: BRR2) is pleased to announce that further to its news release dated April 27, 2026, the Company has closed the first tranche of its private placement for 11,473,500 units at a price of $0.08 per unit for gross proceeds of $917,880.

Each Unit consists of one (1) common share of the Company and one (1) non-transferable share purchase warrant. Each whole warrant will be exercisable into one (1) common share of the Company at an exercise price of C$0.15, for a period of three (3) years from the closing of the Private Placement.

The securities issued have a hold period expiring 4 months plus one day after issuance, being August 31, 2026.

The proceeds of the Private Placement will be used to advance development activities at the Turnagain project; exploration activities at Turnagain focusing on the Attic zone; and for general corporate purposes.

Completion of a second tranche of the private placement is anticipated to occur on or about May 15, 2026 or such other date as the Company may determine, and is subject to certain closing conditions, including, but not limited to, the receipt of all necessary regulatory approvals including the approval of the TSX Venture Exchange (the “TSX-V”).

Finder’s fees were paid on 9,607,500 Units for a total of $53,802 in cash plus a total of 627,525 finder’s warrants. Each finder’s warrant is exercisable into one common share of the Company at a price of $0.08 per common shares for a period of three years from the date of issuance, being April 30, 2026.

The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such offer, solicitation or sale would be unlawful.

About Giga Metals Corporation
Giga Metals Corporation’s core asset is the Turnagain Project, located in northern British Columbia, which contains one of the few significant undeveloped sulphide nickel and cobalt resources in the world. Turnagain is held in Hard Creek Nickel, a subsidiary owned jointly by Giga Metals Corporation and Mitsubishi Corporation. The Pre-Feasibility Study was released in October 2023. The Turnagain ultramafic complex is also prospective for copper, platinum and palladium mineralization in the Attic Zone, an area adjacent to the known nickel resource.

On behalf of the Board of Directors of Giga Metals Corporation

“Scott Lendrum”

SCOTT LENDRUM,
CEO and Director

Contact Information
Office Phone: +1 (604) 681-2300
Investor Inquiries: info@gigametals.com
Company Website: www.gigametals.com