NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, January 20, 2021 – FPX Nickel Corp. (FPX-TSX.V) (“FPX Nickel” or the “Company”) is pleased to announce that it intends to convert the full amount of principal and interest owing on the long-term loan provided to the Company by a Private Shareholder (the “Private Shareholder Loan”), totalling approximately $3,453,051, into 5,312,386 common shares of the Company at a price of C$0.65 per share (the “Debt Conversion”). On completion of the Debt Conversion, the Private Shareholder Loan will be extinguished and the Company will be debt-free.