Giga Metals Announces Increase and Amendment to Non-Brokered Private Placement

About this update from Giga Metals Corporation

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, April 27, 2026 (GLOBE NEWSWIRE) -- Giga Metals Corp. (“Giga Metals” or the “Company”) (TSX-V: GIGA; OTCQB: GIGGF; FSE: BRR2) is pleased to announce that the Company has agreed to increase the size of its previously announced private placement up to 15,000,000 Units for gross proceeds of $1.2 million Units of the company. Pursuant to the upsized Offering, each Warrant (“Warrant”) will now entitle the holder to acquire an additional Share at a price of $0.15 per Share for a period of thirty-six (36) months from the date of issuance. Each Unit remains at a price of $0.08 per Unit and is comprised of one common share of the Company and one full share purchase warrant. 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. The Company anticipates a first closing of the Offering on or about April 30, 2026, with a second and final closing of the Offering on or about May 15, 2026. The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSX Venture Exchange (the “TSXV”). The Company may pay finder’s fees in cash or securities to certain arm’s length finders engaged in connection with the Private Placement, subject to the approval of the TSXV. The securities issued in the Private Placement will be subject to a four-month plus one-day hold period in accordance with applicable securities laws. 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 CorporationGiga 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 Co...

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