Vancouver, British Columbia (February 10, 2022) – Quebec Nickel Corp. (CSE: QNI) (FSE: 7lB) (“Quebec Nickel Corp.” or the “Company“) is pleased to announce the appointment of Mr. Gary DeSchutter, M.Sc., P. Geo., as Vice President of Exploration of the Company, effective February 14, 2022.

Mr. DeSchutter is a professional geoscientist with more than 20 years of industry experience with a focus on exploring for and developing nickel-copper-platinum group element (Ni-Cu-PGE) deposits within Canada and abroad. Mr. DeSchutter spent nearly ten years working for Anglo American, most of which was spent as a key member of its Vancouver-based global Ni-Cu-PGE exploration team.  In addition, Mr. DeSchutter spent six years working at the Lac des Iles palladium mine in northwestern Ontario, where he was responsible for the day-to-day management of the within-mine and brownfields exploration programs and attained the position of Exploration Superintendent.  Most recently, Mr. DeSchutter was responsible for managing the globally significant Preliminary Economic Assessment (PEA)-stage Silver Sand silver project in Bolivia.

In addition to exploring Ni-Cu-PGE deposits, Mr. DeSchutter has experience working within copper-zinc (volcanogenic massive sulphide, or VMS), porphyry copper-gold-molybdenum, Archean lode gold and iron-copper-gold (IOCG) mineral systems in a variety of Canadian and international settings. Mr. DeSchutter is a graduate of Laurentian University with a Master of Science degree in geology and is a member in good standing with the Association of Professional Engineers and Geoscientists of British Columbia (EGBC) and the Professional Geoscientists of Ontario (PGO).

“We welcome Gary to Quebec Nickel and the newly created position of Vice President of  Exploration,” stated David Patterson, President and CEO of Quebec Nickel, “His extensive experience with Ni-Cu-PGE mineral exploration projects will be instrumental to our strategy of advancing the Corporation’s projects.”

Mr. DeSchutter added, “I am extremely fortunate and pleased to be joining Quebec Nickel, and I’m really looking forward to helping the team unlock the great potential of the Ducros project.”

Further to the news release dated November 25, 2021, the Company is also pleased to announce the planned 1,717 line-kilometre airborne geophysical survey (VTEM^TM) has commenced. The helicopter-borne electromagnetic survey, which will cover the Ducros Ni-Cu-PGE project in its entirety, is being completed by Geotech Ltd., with its proprietary geophysical airborne system and survey crew operating from nearby Lebel-sur-Quévillon. The data generated from the airborne survey will be used to define additional diamond drilling targets as well as refine the geological interpretation of the project area. (See Figure 1)

Quebec Nickel also announces the granting of 800,000 incentive stock options to certain directors, officers, employees, and consultants of the Company at an exercise price of $0.25. The Options can be exercised for a period of two years from the date of grant and are subject to the policies of the CSE.

About Quebec Nickel Corp.

Quebec Nickel Corp. is a mineral exploration company focused on acquiring, exploring, and developing nickel projects in Québec, Canada. The Company has 100% interest in the Ducros Group Property, consisting of 280 contiguous mining claims covering 15,147 hectares within the Abitibi region located in Quebec, Canada. Additional information on Quebec Nickel Corp. is available at www.quebecnickel.com

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Cautionary and Forward-Looking Statements

This news release contains statements that constitute “forward-looking statements”. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Quebec Nickel’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur.

Although Quebec Nickel believes the forward-looking information contained in this news release is reasonable based on information available on the date hereof, by their nature, forward-looking statements involve assumptions, known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

The forward-looking information contained in this news release represents the expectations of the Company as of the date of this news release and, accordingly, is subject to change after such date. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date. While the Company may elect to, it does not undertake to update this information at any particular time except as required in accordance with applicable laws.

This news release does not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful, including any of the securities in the United States of America. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “1933 Act“) or any state securities laws and may not be offered or sold within the United States or to, or for account or benefit of, U.S. Persons (as defined in Regulation S under the 1933 Act) unless registered under the 1933 Act and applicable state securities laws, or an exemption from such registration requirements is available.