PREMIUM NICKEL RESOURCES - Key Persons

Job Titles:

• Corporate Director
• Director
• Managing Partner at Davies

Mr. O'Reilly is a Corporate Director. He was Managing Partner and a member of the Management Committee of Davies Ward Phillips & Vineberg LLP, a leading Canadian law firm, from 1997 until his retirement from those positions on May 31, 2010. He was a partner of that firm from 1976 to December 31, 2011, except for the period between August 1993 and January 1996 when he served as an executive officer of Russel Metals Inc., one of North America's leading metals distribution companies. Mr. O'Reilly has served as a director of Russel Metals Inc. since May, 2009, and has at various times served as Chair of its Nominating and Corporate Governance Committee, its Management Resources and Compensation Committee and its Environmental Management and Health and Safety Committee. During his time practicing law, Mr. O'Reilly advised individuals and public and privately owned corporations in connection with the purchase and sale of corporations and business operations in a wide variety of industries, including, in particular, the financial services sector, industrial manufacturing and distribution, retail sales, truck transportation, food processing and oil and gas exploration and development. He acted on behalf of corporate borrowers in secured and unsecured loan transactions, including project financings, and in loan restructurings. He advised underwriters and issuers with respect to the public and private distribution of equity and debt securities and the public distribution of mortgage-backed securities, and he acted as an advisor to senior management, boards of directors, independent committees of boards and major shareholders of both public and private corporations in connection with a wide range of corporate activities. In his capacity as Managing Partner at Davies, Mr. O'Reilly had primary responsibility for a wide range of firm management matters, including firm strategy, delivery of legal services, client relationships, other business development initiatives, lawyer recruitment, regulatory compliance, financial reporting, professional education and partner compensation.

Job Titles:

• Leader
• COO, Mine Development Lead

Boris is a seasoned leader in the Mining industry, with over 25 years of experience in senior and executive roles, Boris is South African, and has worked his entire career within Sub-Saharan Africa. Most recently he was the CEO of Alphamin Resources listed on the Toronto Stock exchange (TSXV) as well as the Johannesburg Stock Exchange. He was instrumental in bringing the mine located in North Kivu DRC into full operation from a greenfield exploration program. AFM.V is now valued at more than $1Bn. His workforce was for the greater part local and was able to integrate strong community involvement as well as an open partnership and business building approach. Boris graduated as a Civil Engineer BSc cum laude from the University of Cape Town. He is also a member of the South Africa Institute of Mining & Metallurgy. He holds an MBA from the WITS Business School, University of Witwatersrand (Dean's merit list).

Job Titles:

• Manager
• ESG Manager

Carol Pansiri is the ESG Manager at Premium Nickel Resources, bringing extensive experience in stakeholder engagement, social impact assessment, and ESG program development. She holds a Bachelor's Degree in Environmental Science and Sociology, a Master of Development Studies (Sociology) from the University of Botswana, and is currently pursuing an MBA with plans for a PhD in Sociology. Carol has a proven track record of integrating environmental and social considerations into business operations and reporting, ensuring stakeholder interests are addressed for sustainable outcomes. Her expertise spans Social and Environmental Impact Assessments, stakeholder engagement, community relations, and social performance audits. She also guides Corporate Social Investment strategies aimed at reducing greenhouse gas emissions and enhancing climate resilience within communities. As a leader in sustainability, Carol fosters collaboration across multidisciplinary teams and is committed to raising awareness on environmental and social issues through education and outreach initiatives.

Job Titles:

• Member of the Board of Directors
• Director & Independent Chairman

James (Jim) Gowans has over 30 years of experience as a senior executive in the mining industry, with notable roles at Debswana Diamond Company in Botswana, DeBeers SA, DeBeers Canada Inc., PT Inco, Cominco/Teck and Placer Dome Ltd. Mr. Gowans has served on the boards of numerous Canadian publicly traded mining companies, including Cameco, Arizona Mining, Trilogy Metals, Detour Gold, New Gold, Marathon Gold, Paycore Minerals and Treasury Metals where he currently serves as Chairman. He was also CEO and interim president of Trilogy Metals Inc., held roles as CEO, president, and director at Arizona Mining Inc., and served as co-President of Barrick Gold Corporation before becoming a senior advisor to the Chairman of the Board at Barrick Gold Corporation. He holds a Bachelor of Applied Science in Mineral Engineering degree from the University of British Columbia and has attended the Banff School of Advanced Management. He is a past chair of the Mining Association of Canada.

Job Titles:

• BACC, ACCA, ACPA / Senior Controller

Karabo is dynamic finance professional who is highly driven and results oriented. He has substantial experience in planning and analysis, financial management and controls, financial reporting, auditing, banking, and people management acquired from his previous employers. Karabo describes himself as a value-oriented individual who executes his duties with integrity and honesty and maintains a high level of professional competence and engagement, striving to do the right things, right, first time. Karabo has a degree in accounting as well as an ACCA qualification. He is further supported with certifications including, Advanced Taxation, Enterprise Risk Management, Transformational Leadership & Change Management, and has completed a Senior Management Development Programme.

Job Titles:

• Director

Mark Christensen has spent the last 30 years as a specialist advisor/banker in public and private capital markets. He has experience in a broad range of corporate and capital market transactions, from mergers and acquisitions and "grey market" trading, to equity and debt structured financings totalling in the tens of billions of dollars. Mr. Christensen is the Founder and CEO of KES 7 Capital Inc., a Toronto-based, merchant bank and single-family office that targets bespoke investments in the resource, healthcare, real estate and technology sectors. Prior to founding KES 7, Mr. Christensen was Vice Chairman and Head of Global Sales and Trading at GMP Securities (now Stifel Canada), which was one of Canada's largest independent investment banks, where he served as a member of the Executive Committee, Compensation Committee and New Names Committee. Previously he worked in equity research at Midland Walwyn Capital Inc. (now Merrill Lynch/Bank of America) and corporate finance at Goepel McDermid Inc. (now Raymond James Financial). Mr. Christensen's background in geology and geophysics has provided him with valuable insight into extractive resource industries. He holds a Master of Science degree from the University of Windsor, Canada and a Bachelor of Science degree from the University of Hull, United Kingdom.

Job Titles:

• HR Officer

McDonald graduated in 2009 from the University of Botswana with a Bachelor of Psychology degree and pursued a career in human resources at Botswana Savings Bank for a period shy of three years. He later became part of the team that set up Majwe Mining Joint Venture, Debswana's largest contractor in 2012 and left in 2016 to rejoin the financial services sector. In the HR Space, McDonald is passionate about Culture Development, the People Strategy, Coaching and Training, Employee Branding, Digitization and automation. He is currently doing his dissertation towards fulfillment of the requirements to obtain a Master of Philosophy in People Management with the University of Cape Town. Outside work, Mac, is a father, partner, a dog lover who enjoys travelling and sight-seeing. He describes himself as a tenacious, resourceful, and lovable young professional who never stops learning.

Job Titles:

• Director

Mr. Don Newberry has over 20+ years of experience in a variety of senior financial and project management leadership roles and he is currently the Chief Financial Officer at Ohio Truck Sales. Don has spent most of his career working internationally in the Mining industry for Diavik Diamond Mines, Cleveland Cliffs, and Nyrstar. He is experienced in overseeing large mining projects from studies through to execution, risk management, M&A, integration, and implementing financial controls and oversight of company's assets. Mr. Newberry completed his bachelor of Commerce (Accounting) at Ottawa University, Master of Business Administration (MBA) in Global Management at University of Phoenix, and he also completed the Program for Leadership Development (PLD) at Harvard Business School. He is a Chartered Professional Accountant / Certified Management Accountant (CPA, CMA). He is currently a director of PNRL.

Job Titles:

• Chairman of Audit and Risk Management Committee
• Director

Mr. Jason LeBlanc has over 20 years of financial, business and capital markets experience in the mining industry. Most recently, he was the Chief Financial Officer of Yamana Gold Inc. from 2017 to 2023, following successively senior roles with Yamana since 2006 that included debt and equity raises totaling over $2 billion and extensive M&A and other corporate transactions totaling over $15 billion. Mr. LeBlanc holds a Master of Finance degree from the University of Toronto and a Bachelor of Commerce degree from the University of Windsor. He also holds a Chartered Financial Analyst designation.

Job Titles:

• Chief Executive Officer
• Member of the Board of Directors

Mr. Keith Morrison has over 40 years of global experience in the resources sector with an accomplished background in strategy, finance, exploration, technology, global operations, capital markets and corporate development. Formerly, Mr. Morrison co-founded two significant Canadian-based success stories, Quantec, a world-leader in deep sub-surface imaging technologies, and QGX, a Canadian-based public exploration company which operated in Mongolia prior to its acquisition. Since 1986, Mr. Morrison has continuously served on private and public company Board of Directors, and senior management teams as CEO. During this period, he has been in leadership positions through multiple commodity cycles and several black swan events. He is currently a Director and CEO of PNRL.

Job Titles:

• Mining Engineer

Mr. Kneipe Setlhare is a mining engineer with over 14 years of experience in mining operations management, including roles with BCL Mines and Smelting, and Discovery Metals Limited. His most recent role was Executive Country Manager since March 2017 at Giyani Metals Corp a public company listed in Toronto Stock Exchange, He is currently Country Director of Premium Nickel Resources based in Gaborone Office. Mr. Setlhare has years of experience managing both private and public companies involved in early stage exploration, preliminary economic assessment, feasibility study, mine development and commissioning, mine asset acquisitions and disposals.

Job Titles:

• Director

Norman MacDonald has over 25 years of experience working at natural resource focused institutional investment firms, including over 10 years as a Senior Portfolio Manager at Invesco. He recently served as Senior Advisor, Natural Resources at Fort Capital from February 2021 until June 24, 2024. Mr. MacDonald began his investment career at Ontario Teachers' Pension Plan Board, where he worked for three years in progressive roles from Research Assistant to Portfolio Manager. His next role was as a VP and Partner at Beutel, Goodman & Co. Ltd. Prior to joining Invesco, he was a VP and Portfolio Manager at Salida Capital. Mr. MacDonald is a director and Chair of the Board at Osisko Gold Royalties. He holds a Bachelor of Commerce Degree from the University of Windsor and is a CFA Charterholder.

Job Titles:

• Director
• Mining Executive

Mr. Martin is a mining executive who has extensive experience at the CEO, CFO and director level, with over thirty years' involvement in challenging and changing corporate environments. He has gained significant experience thru his various roles at multi-operational mining, royalty and exploration companies listed on the TSX, TSX - V and NYSE. He presently serves as the Chair of the Board of Red Pine Exploration and a director of Osisko Bermuda Limited. Mr. Martin recently was interim CEO at both Osisko Royalties from July to December 2023 and at Red Pine Exploration from March to August 2024, during transitions in CEOs. He was previously CFO at Detour Gold Corporation from 2008-2013 and then President & CEO from 2013 until 2018. He played a significant role in the senior executive team that permitted, completed a bankable feasibility study, financed, constructed and brought into operation the large-scale Detour Lake gold mine. He has worked in various senior financial roles at New Gold Inc., Gabriel Resources Ltd and TVX Gold Inc. He holds a B.A. from the University of Western Ontario and is a CPA, CA.