NICKEL CREEK PLATINUM ANNOUNCES INCREASE TO NON-BROKERED PRIVATE PLACEMENT

About this update from Nickel Creek Platinum Corp.

NICKEL CREEK PLATINUM ANNOUNCES INCREASE TO NON-BROKERED 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; } .prnml40{ MARGIN-LEFT:3.33em !IMPORTANT } .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, Nov. 3, 2025 /CNW/ - Nickel Creek Platinum Corp. (TSXV: NCP) ("Nickel Creek" or the "Company") announces an increase to its previously announced non-brokered private placement (see October 29, 2025 news release) of securities of the Company to up to $2.1 million (the "Private Placement"), consisting of the sale and issuance of up to:   i.  465,000 common shares of the Company (each, a "Common Share") at a price of $2.15 per Common Share; and   ii.  478,260 Common Shares that will qualify as "flow-through shares" within the meaning of subsection 66(15) of the Income Tax Act (Canada) (the "Tax Act") (each, a "FT Share") at a price of $2.30 per FT Share. The Company's largest shareholder, Electrum Strategic Opportunities Fund L.P. ("Electrum"), has indicated its intention to invest up to approximately $0.8 million in the Private Placement. The net proceeds from the sale of the Common Shares will be used to fund the Company's proposed 2026 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 initial purchasers of the FT Shares. Closing of the Private Placement is expected to occur in November 2025 and remains subject to ...

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