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VANCOUVER, British Columbia, March 17, 2026 (GLOBE NEWSWIRE) -- Giga Metals Corp. ("Giga Metals" or the "Company") (TSXV:GIGA, OTCQB:GIGGF, FSE: BRR2)) is pleased to announce a non-brokered private placement (the "Private Placement") consisting of 8,181,818 flow-through shares of the Company ("FT Shares") at a price of $0.11 per FT Share for aggregate gross proceeds of up to $900,000.

The flow-through proceeds of the Private Placement will be used to advance exploration activities at the Turnagain project and any other Canadian properties that the Company may acquire, provided that the Company will use an amount equal to the gross proceeds received by the Company from the sale of the FT Shares to incur eligible "Canadian exploration expenses" that will qualify as "flow-through mining expenditures" as such terms are defined in the "Tax Act"; and will be incurred on or before December 31, 2027 and renounced with an effective date no later than December 31, 2026 to the initial purchasers of FT Shares.

The closing of the Private Placement is anticipated to occur on or about March 19, 2026 and is subject to certain closing conditions, including the approval of the TSX Venture Exchange (the "TSXV"). The Company may pay finder's fees in cash or securities ...