Flying Nickel Announces Appointment of Jim Rondeau to Board of Directors

Vancouver, British Columbia--(Newsfile Corp. - June 15, 2023) - Flying Nickel Mining Corp. (TSXV: FLYN) (OTCQB: FLYNF) ("Flying Nickel" or the "Company") is pleased to announce the appointment of Jim Rondeau to its Board of Directors pursuant to the Benefit and Impact Agreement entered into between the Company and Norway House Cree Nation ("Norway House"). Mr. Rondeau is a Senior Advisor to Norway House Chief and Council for Special Projects.

Mr. Rondeau currently is the President of Systematic Design and Plum Creative, two international award-winning design companies that work around the world. He also serves as vice president of ICMD, a company that provides pharmacy and medical services to First Nation and other clients in Western Canada.

He serves on the National Board of The Canadian Gay and Lesbian Chamber of Commerce, Toba Grown Inc. as well as other Non-Profit Boards.

Mr. Rondeau is a former member of the Legislative Assembly of Manitoba from 1999 to 2016, and served as a cabinet minister from 2003 to 2013. In 2004, Mr. Rondeau was promoted to a full cabinet portfolio as Minister of Industry, Economic Development and Mines. Under Mr. Rondeau's leadership, Manitoba was recognized as the Best Jurisdiction for Mining in the World by the Fraser Institute. During his tenure 2 new mines were opened and one reopened in Manitoba.

He has received the Queen's Jubilee Award, The Canadian Cancer Society Recognition Award and the Fred Douglas Foundation Award.

The Company also announces the grant of 50,000 incentive stock options to Mr. Rondeau. The options are exercisable at a price of $0.11 per share for a period of five years from the date of grant.

Additionally, the Company announces the appointment of Marion McGrath as Corporate Secretary.

About Flying Nickel

Flying Nickel Mining Corp. is a premier nickel sulphide mining and exploration company. The company is advancing its 100% owned Minago nickel project in the Thompson nickel belt in Manitoba, Canada.

Further information on the Company can be found at www.flynickel.com.

FLYING NICKEL MINING CORP.

ON BEHALF OF THE BOARD

John Lee
Interim Chief Executive Officer

For more information about the Company, please contact:

Phone: Phone: 1.877.664.2535 / 1.877.6NICKEL

Email: info@flynickel.com

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward-Looking Statements

Investors are cautioned that any information released or received with respect to the Company may not be accurate or complete and should not be relied upon. Trading in securities of the Company should be considered highly speculative.

This press release contains statements which constitute "forward-looking information" or "forward-looking statements" (together "forward-looking information") within the meaning of applicable securities laws, including, without limitation, statements regarding the completion of the Warrant Repricing and Option Repricing, the terms on which the Options and Warrants will be repriced, the approvals required for the Company to proceed with the Warrant Repricing and Option Repricing, whether such approvals as may be required will be obtained, the timing and completion of the Warrant Repricing and Option Repricing, the participation of the Warrant Repricing and Option Repricing by insiders and related parties to the Company, and plans, intentions, beliefs and current expectations of the Company with respect to future business activities and operating performance, as well as other statements identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions.

Investors are cautioned that forward-looking information is not based on historical facts but instead reflect the Company's management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although the Company believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of the combined company. Among key factors and risks that could cause actual results to differ materially from those projected in the forward-looking information may include, without limitation, the financial situation of the Company; the Company's limited operating history; global economic risk; COVID-19's impact on the Company; the general economic environment; cybersecurity risks; financial projections may prove materially inaccurate or incorrect; the ability of the Company to obtain TSXV, shareholder and warrantholder approval in respect of the Warrant Repricing and Option Repricing and the transactions related thereto; the changes to the Company's stock price that may result from the transactions contemplated herein; the Company may experience difficulties to forecast sales; general competition in the industry from other companies; management of growth-related risks; reliance on management; risks relating to insurance; changes in supply costs could adversely affect profitability and ultimately our results of operations; our business could be adversely affected by increased labour costs or difficulties in finding suitable employees; changes in commodity prices; changes in regulation; risk associated with occupational health and safety; risks associated with contamination and workplace accidents and hazards; uncertainty surrounding early stage exploration issuers; environmental laws; requirements for further financing; the Company may prioritize certain targets and milestones over others; volatility in the stock market; and other risks applicable to early stage exploration issuers. This forward-looking information may be affected by risks and uncertainties in the business of the Company and market conditions. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

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