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Giga Metals Completes Additional Tranche of Private Placement and Provides Additional Information on First Tranche

NOT FOR DISTRIBUTION TO U.S. NEWSWIRES OR DISSEMINATION IN THE UNITED STATES

VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) -- Mark Jarvis, CEO of Giga Metals Corp. (TSX.V, GIGA) ("Giga" or the "Company") announced today that Giga has completed an additional and final tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement").

The Private Placement consists of units ("Units") issued at a price of $0.10 per Unit. Each Unit consists of one common share and one common share purchase warrant (a "Warrant"). Each Warrant entitles the holder to acquire one additional common share at an exercise price of $0.15 for three years following the date of issuance. Pursuant to the Second Tranche of Private Placement, which completed today, Giga issued 250,000 Units for gross proceeds of $25,000.

Pursuant to the first tranche (the "First Tranche") of the Private Placement, which completed on April 4, 2025, Giga issued 4,320,000 Units for gross proceeds of $432,000. In connection with the First Tranche, Giga paid certain arm's length parties $14,920 as finder and brokerage fees and issued 141,200 finders' warrants ("Finders' Warrants"). Each Finders' Warrant entitles the holder to acquire one common share at an exercise price of $0.15 for one year from the date of issuance.

All securities issued pursuant to the Private Placement are subject to a statutory hold period ...