NICKEL CREEK PLATINUM ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT

About this update from Nickel Creek Platinum Corp.

NICKEL CREEK PLATINUM ANNOUNCES CLOSING OF SECOND AND FINAL TRANCHE OF PRIVATE PLACEMENT /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prntac{ TEXT-ALIGN: CENTER } Canada NewsWire /NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES/ OAKVILLE, ON, Dec. 10, 2025 /CNW/ - Nickel Creek Platinum Corp. (TSXV: NCP) ("Nickel Creek" or the "Company") is pleased to announce that it has closed the second and final tranche of its previously announced private placement (the "Private Placement") pursuant to which the Company issued 120,000 "flow-through" common shares ("FT Shares") at a price of $2.30 per FT Share for aggregate gross proceeds of $276,000. With the approximately $1.5 million raised in the first tranche (see news release dated November 19, 2025), the Company raised total aggregate gross proceeds of approximately $1.8 million. All dollars are denominated in Canadian dollars. The net proceeds from the two tranches of the Private Placement will be used to fund the Company's proposed 2026 exploration drill program, ongoing permitting activities and holding costs at the Company's Nickel Shäw Project located in the Yukon (the "Project"), and for general corporate expenses and working capital purposes. Gross proceeds from the sale of the FT Shares will be used to fund the Company's proposed 2026 drill program at the Project, as Canadian Exploration Expenses as defined in paragraph (f) of the definition of "Canadian exploration expense" in subsection 66.1(6) of the Tax Act and "flow through mining expenditures" as defined in subsection 127(9) of the Tax Act, which will be renounced with an effective date of no later than December 31, 2025 to purchasers of the FT Shares. The FT Shares issued under this second tranche of the Private Placement are subject to a statutory four-month and one day hold period from today's closing. In connection with the issuance of the FT Shares under this second tranche, Mine Equities Ltd. received 7,200 common shares, at a deemed issue price of $2.30 per share, as a finder's f...

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