Giga Metals Completes Non-Brokered Private Placement

Press Release

August 21, 2024

Vancouver, B.C., Canada – Mark Jarvis, CEO of Giga Metals Corporation (TSX.V: GIGA) (“Giga” or the “Company”) announced today that Giga has completed the non-brokered private placement (the “Private Placement”) previously announced (July 17, 2024 and August 7 2024).

The Company closed 1,166,666 at $0.15 per Unit for gross proceeds of $175,000. Each Unit consists of one share and one share purchase warrant. Each full warrant is exercisable at Cdn. $0.22 for three years, expiring August 7, 2027 and August 21, 2027 respectively. The securities issued have a hold period expiring 4 months plus one day after issuance, being December 8, 2024 and December 22, 2024 respectively.

Insiders participated as to 150,000 Units.
No control blocks were created as a result of the private placement.

Proceeds of the private placement will be used for general corporate purposes.

Finders fees were paid on 786,666 units for a total of $8,260 in cash plus a total of 55,067 finders warrants. Each finders warrant is exercisable into one share at a price of $0.22 for a period of one year, expiring August 7, 2025 and August 21, 2025 respectively.

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 85% by Giga Metals Corporation and 15% by Mitsubishi Corporation. The Pre-Feasibility Study was released in October 2023.

On behalf of the Board of Directors,

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

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