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Flying Nickel Shareholders Approve Minago Nickel Project Sale at Special Meeting

Press Release

VANCOUVER, British Columbia, October 22, 2024 – Flying Nickel Mining Corp. (TSX-V: FLYN; OTCQB: FLYNF) (the “Company” or “Flying Nickel”) is pleased to announce that shareholders of the Company (the “Shareholders”) have approved the previously announced arrangement (the “Arrangement”) involving the Company, Norway House Cree Nation (“NHCN”), and 10197729 Manitoba Inc, a wholly owned entity of NHCN, as well as the proposed name change of the Company to “CleanTech Vanadium Mining Corp.” (the “Name Change”).

The special resolution approving the Arrangement (the “Arrangement Resolution”) was required to be approved by: (a) two-thirds (2/3) of the votes cast on the Arrangement Resolution by Shareholders present in person or represented by proxy at the special meeting of the Company’s shareholders held on October 21, 2024 (the “Meeting”); (b) a simple majority of the votes cast on the Arrangement Resolution by Shareholders present in person or represented by proxy at the Meeting excluding shares of the Company (“Shares”) held by Shareholders excluded from voting pursuant to Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, TSX Venture Exchange (“TSXV”) Policy 5.3 – Acquisitions and Dispositions of Non-Cash Assets and TSXV Policy 5.9 – Protection of Minority Security Holders in Special Transactions (“Disinterested Shareholders”). The special resolution approving the Name Change was required to be approved by two-thirds (2/3) of the votes cast on the Arrangement Resolution by Shareholders present in person or represented by proxy at the Meeting.

A total of 94,676,225 Shares representing approximately 61.49% of the votes entitled to be cast at the Meeting were represented in person or by proxy at the Meeting. Approximately 99.62% of the votes held by Shareholders represented in person or by proxy at the Meeting, and approximately 99.53% of the held by Disinterested Shareholders represented in person or by proxy at the Meeting were voted in favour of the Arrangement Resolution. Approximately 99.41% of the votes held by Shareholders represented in person or by proxy at the Meeting were voted in favour of the Name Change Resolution.

The Company will seek a final order approving the Arrangement from the British Columbia Supreme Court on October 24, 2024. Closing of the Arrangement remains subject to the satisfaction of certain customary closing conditions, including receipt of final court, TSXV and regulatory approvals. Subject to the satisfaction of these closing conditions, the parties to the Arrangement currently expect the Arrangement to be completed by the end of October 2024. Completion of the Name Change remains subject to the approval of the TSXV.

Further details regarding the Arrangement and the Name Change can be found in the Company’s management information circular dated September 17, 2024 (the “Circular”) in respect of the Meeting, which can be found under the Company’s SEDAR+ profile at www.sedarplus.ca.

About Flying Nickel

Flying Nickel is an exploration-stage mining company focused on vanadium and nickel resources. The Company owns a 100% interest in the Gibellini vanadium project in Nevada, United States and a 100% interest in the Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on Flying Nickel can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John Lee

Chief Executive Officer

For more information about Flying Nickel, please contact:

Suite 1610 – 409 Granville Street

Vancouver, BC V6C 1T2

Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

About Flying Nickel

Flying Nickel Mining Corp., (to be renamed CleanTech Vanadium Mining Corp.) is a Canadian mining company trading on the TSX under the symbol FLYN and on the OTCQB under FLYNF.

The Company’s flagship Gibellini vanadium project with positive record of decision from BLM in 2023, is in Battle Mountain district in Nevada, a state ranked as the number one mining investment destination by the Fraser Institute.

Flying Nickel aims to start the first North American vanadium mine, with gold exploration potential.

On August 16, Flying Nickel merged with Nevada Vanadium Mining Corp., and plans to sell its Minago nickel project for C$8 million to be completed in October, 2024.

Contact

Vancouver, BC, Canada (Head Office)
info@flynickel.com
Local: 604-283-2230
Toll-free: 1 877-664-2535 (877-6-NICKEL)
Suite 1610 – 409 Granville Street
Vancouver, BC V6C 1T2 Canada

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