Pacific Nickel Mines Limited (ASX Code: PNM) (Pacific Nickel or Company) is pleased to advise that: Mr. Graham Frank has been appointed as Chief Financial Officer and Blackbird Commodity Partners Pty Ltd ('Blackbird Partners') have been appointed as financial advisors to assist with arranging financing for the Kolosori Nickel Project.

APPOINTMENT OF MR. GRAHAM FRANK AS CHIEF FINANCIAL OFFICER

The Company has appointed Mr. Graham Frank as Chief Financial Officer to enhance the Company's financial capabilities and to assist with capital raisings, reporting, budgets and other compliance obligations. In this capacity Mr. Frank will also assist with project financing for the development of the Company's nickel projects in the Solomon Islands and work with Blackbird Partners to facilitate financing for the Kolosori Nickel Project as expeditiously as possible. Graham is a Chartered Accountant and was until recently a partner of Ernst & Young where he held several leadership positions, including as the Head of Tax for Oceania and the Deputy Leader of Tax for Asia Pacific. Graham specialised in advising Australian mining and oil and gas companies with their offshore resource investments and multi-national companies on their Australian mining investments. Graham is currently a Director and Treasurer of a not-for-profit innovation group and a Board Adviser to a private investment fund.

APPOINTMENT OF BLACKBIRD PARTNERS AS FINANCIAL ADVISORS

The Company has also appointed Blackbird Partners as its financial advisors to assist with arranging financing for the Kolosori Nickel Project. A major part of their mandate includes discussions and potential financing arrangements with offtake partners. Blackbird Partners is an independent advisory firm focused on the global mining sector. It provides advice for structured debt financing, offtake financings, strategic partnerships, risk management/hedging solutions as well as mergers and acquisitions. Blackbird Partner's team has an established track record of successfully arranging funding for mining projects and, together with its network of associates, provides global access to funding sources.

Contact:

Mr. Geoff Hiller

Email: acooke@pacificnickel.com

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