First Atlantic Nickel Comments on Recent Promotional Activity Pursuant to OTC Markets' Request

Vancouver, British Columbia--(Newsfile Corp. - March 14, 2025) - First Atlantic Nickel Corp (TSXV: FAN) (OTCQB: FANCF) ("FAN" or the "Company") announces that it has been requested by the OTC Markets Group Inc. (the "OTC Markets") to issue this statement about promotional activity concerning its common shares ("Shares") traded on the OTCQB Venture Market ("OTCQB") (operated by the OTC Markets). On March 13, 2025, the OTC Markets informed the Company that it became aware of certain promotional activities concerning the Company and its Shares traded on the OTCQB, including the distribution of newsletter emails published by MarketBeat Media, LLC and The Tomorrow Investor (the "Newsletter Email Writers") discussing the Company, the global nickel market and the Company's recent discoveries at its Atlantic Nickel Project in Newfoundland, Canada, including the new discovery at the Super Gulp Zone with initial drill hole intersecting 0.25% nickel & 0.28% chromium over 293.8 meters (announced February 26, 2025), the report of a new discovery at the RPM Zone intersecting 0.24% nickel & 0.32% chromium over 383.1 meters located 10km downstrike from the Super Gulp Zone (announced March 4, 2025), and the release of initial Davis Tube Recovery ("DTR") metallurgical results showing magnetic concentrate of 1.37% nickel & 1.73% chromium over 383.1 metres (announced March 13, 2025).

On May 12, 2024, the Company entered into an agreement with Think Ink Marketing Data and Email Services, Inc. ("Think Ink"), to provide certain public relations services in an effort to increase public awareness of the Company and its Shares. The Company was therefore aware of Think Ink's promotional activities respecting the Company since May 12, 2024. Certain promotional news letters were approved and paid for by the Company, through its engagement of Think Ink, including the newsletters dated March 13, 2025 and February 28, 2025, issued by the Newsletter Email Writers.

With respect to other marketing services providers engaged by the Company within the last 12 months, commencing on approximately April 1, 2024, the Company launched a marketing and investor relations program to raise awareness about the Company's potential to make a critical mineral discovery at its Atlantic Nickel project in Newfoundland. The following is a list of the third-party providers (collectively, the "Service Providers") engaged by the company to provide investor relations services, marketing, or other related services in the last twelve months: Think Ink Marketing Data and Email Services Inc. (May 12, 2024), TD Media LLC d/b/a Life Water Media (April 16, 2024) and Xander Capital Partners Inc. ("Xander") (April 1, 2024).