Announcement • Jun 23
Giga Metals Commences Property-Scale Geophysical Survey Program at Turnagain Project Giga Metals Corp. announced the commencement of a property-scale geophysical survey program at its Turnagain Project, a joint venture with Mitsubishi Corporation. The program expands on the Company’s exploration focus to include copper, platinum and palladium mineralization. The Attic Zone is a large, underexplored area adjacent to the nickel-cobalt resource. Program Highlights: MT Survey: Three lines, 17 km total. Continues 2025 MT work mapping the geometry of the Turnagain ultramafic intrusive complex at depth. MT is effective in this setting as it exploits the resistivity contrast between the ultramafic and surrounding graphitic country rocks. EM Survey: 504 line-km of HeliSAM-EM, mapping subsurface conductivity to significantly greater depth than the 2004 AeroTEM survey. HeliSAM is a semi-airborne method capable of detecting conductors beyond the reach of conventional airborne EM. Property-Scale Coverage: Approximately 6.5 km by 4.5 km of multi-layered geophysical coverage across the intrusive complex, supporting a broader understanding of the system and more refined targeting. This phase of work at Turnagain is fully funded and expected to be completed over the next several weeks, with results informing continued exploration of the Attic Zone into the fall of 2026. Technical information herein has been reviewed and approved by Greg Ross, P.Geo. Mr. Ross is the Project Manager for Giga Metals and is a Qualified Person under NI 43-101. Announcement • Jun 03
Giga Metals Corporation announced that it has received CAD 1.42488 million in funding On June 2, 2026, Giga Metals Corp closed the transaction. The company announced that it has issued 6,337,500 units at an issue price of CAD 0.08 per share for gross proceeds of CAD 507,000 in second and final tranche. The securities issued have a hold period expiring 4 months plus one day after issuance, being August 31, 2026 and October 5, 2026. Finder's fees were paid on 10,457,500 Units for a total of CAD 58,562 in cash plus a total of 732,025 finder's warrants. Each finder's warrant is exercisable into one common share of the Company at a price of CAD 0.08 per common shares for a period of three years from the date of issuance, being April 30, 2029 and June 2, 2029 respectively. New Risk • May 05
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 37% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Shareholders have been substantially diluted in the past year (37% increase in shares outstanding). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$14.4m market cap, or US$10.6m). 
