Giga Metals Announces Proposed Debt Settlement

Group 1 - The company proposes to settle approximately $63,250 in debt through the issuance of common shares at a deemed price of $0.10 per share [1] - Of the total liabilities, $25,000 is payable to a former officer for management services, while the remainder is payable to arm's length parties [1] - The completion of the debt settlement is subject to final documentation and approval from the TSX Venture Exchange [1] Group 2 - Giga Metals Corporation's core asset is the Turnagain Project, which contains significant undeveloped sulphide nickel and cobalt resources [2] - The Turnagain Project is held in Hard Creek Nickel, a joint subsidiary of Giga Metals Corporation and Mitsubishi Corporation [2] - A Pre-Feasibility Study for the Turnagain Project was released in October 2023 [2]