Giga Metals Completes Final Tranche of Upsized Private Placement

Press Release

November 6, 2025

(Vancouver, B.C., Canada) Scott Lendrum, CEO of Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX-V: GIGA; OTCQB: GIGGF; FSE: BRR2) is pleased to announce that Giga has completed the private placement previously announced on October 15, 2025.

The Company closed 3,904,109 Units at $0.11 per Non-Flow-Through Unit for gross proceeds of $429,451 and 8,637,693 Units at $0.13 per Flow-Through Unit for gross proceeds of $1,122,900. Each NFT and FT Unit consists of one share and one share purchase warrant. Each full warrant is exercisable at Cdn. $0.25 for three years, expiring October 29, 2028 and November 6, 2028 respectively. The securities issued have a hold period expiring 4 months plus one day after issuance, being March 2, 2026 and March 9, 2026 respectively.

“With the completion of the second and final tranche of our private placement, Giga Metals is well-funded to advance exploration at Turnagain,” said CEO Scott Lendrum. “Our immediate focus is on evaluating underexplored areas, including the Attic zone, which shows promising potential for copper and PGE mineralization. This funding sets the stage for a productive 2026.”

Finder’s fees were paid on 12,250,893 Units for a total of $106,424 in cash plus a total of 857,563 finder’s warrants. Each finder’s warrant is exercisable into one common share of the Company at a price of $0.13 per common shares for a period of three years from the date of issuance, being October 29, 2025 and November 6, 2025 respectively.

The proceeds of the private placement will be used for general corporate purposes and the Company’s exploration program.

No control blocks were created as a result of the private placement.

Further to the press release dated July 2, 2025, Giga is settling an aggregate of approximately $63,250 in debt through the issuance of common shares to be issued at a deemed price of $0.10 per common share. Of the liabilities proposed to be settled in shares, $25,000 is payable to a former officer for management services rendered. The balance is payable to arm’s length parties. Completion of the debt settlement remains subject to the finalization of definitive documentation and the approval of the TSX Venture Exchange.

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.

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

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