Quebec Nickel Corp C.QNI

QUÉBEC NICKEL ARRANGES $250,000 PRIVATE PLACEMENT

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QUBEC NICKEL CORP. CANADIAN SECURITIES EXCHANGE Symbol "QNI" QUBEC NICKEL ARRANGES $250,000 PRIVATE PLACEMENT WITH EXISTING SHAREHOLDER EXEMPTION Vancouver, British Columbia, October 25, 2024 – Qubec Nickel Corp. (CSE: QNI; FSE: 7lB; OTCQB: QNICF) (“QNI” or the “Company”) announces that it is undertaking a private placement offering (the “Offering”) to raise up to $250,000 from the sale of 2,000,000 units (the “Units”) at $0.125 per Unit. Each Unit comprises of one common share (the “Shares”) and one-half of one share purchase warrant (the “Warrants”) exercisable for a period of two years. Each whole Warrant is exercisable into one Share at a price of $0.225 per Share. The Units will be offered to existing shareholders under British Columbia Instrument 45-534 - Exemption from Prospectus Requirement for Certain Trades to Existing Security Holders, and equivalent provisions of applicable securities laws in other jurisdictions of Canada (the “Existing Shareholder Exemption”). In order to be eligible to participate in the Offering, only those shareholders who hold shares of the Company as at October 24, 2024 (the “Record Date”) can participate. Any person who becomes a shareholder of the Company after the Record Date is not permitted to participate in the Offering. Existing shareholders who are interested in participating in the Offering should contact the Company before November 15, 2024 at the contact information set out in this press release. The Offering is on a first-come, first-served basis. There are conditions and restrictions when relying upon the Existing Shareholder Exemption; namely, the subscriber must: a) be a shareholder of the Company on the Record Date (and still is a shareholder); b) be purchasing the units as a principal, that is, for their own account and not for any other party; and c) may not purchase more than $15,000 value of securitiesfrom the Company in any 12-month period, unless they have first received suitability advice from a registered investment dealer, and, in this case, subscribers will be asked to confirm the registered investment dealer’s identity and employer. No finder’s fees will be payable in connection with the Offering. The proposed net proceeds received from the Offering are intended to be used by the Company for general working capital purposes. Subscribers in all Canadian jurisdictions may utilize the Existing Shareholder Exemption. Existing shareholders resident in countries other than Canada will need to meet local jurisdiction requirements to participate. No directors or officers will participate in the Offerin