Toronto, Ontario--(Newsfile Corp. - April 12, 2024) - Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) ("PNRL" or the "Company") announces that it has granted an aggregate of 312,499 deferred share units ("DSU") to its independent directors at a deemed price of $0.90 per DSU. The DSUs were granted in consideration for services rendered by the directors for the quarter ended March 31, 2024. The DSUs were granted in accordance with the Company's Deferred services Unit Plan adopted on December 26, 2022, subsequently amended on March 3, 2023 and were priced based on the volume weighted average price of the Company's common shares on the TSX Venture Exchange for the last five trading days immediately preceding the grant date. To date, the Company has issued a total of 1,043,473 DSUs to its independent directors.