Share Structure as of November 23, 2020

FPX Nickel Corp.’s shares trade on the TSX-V under the trading symbol FPX

Shares issued and outstanding         180,975,677
Stock options outstanding           14,850,000
Fully diluted shares         195,825,677

Shares held by Management & Directors: 38,790,515 (21.4% of issued and outstanding)

No warrants outstanding

Schedule of Stock Options Outstanding

Exercise price of $0.10 and expiry date of May 12, 2021 2,250,000
Exercise price of $0.15 and expiry date of Mar 30, 2022 2,300,000
Exercise price of $0.15 and expiry date of Sep 06, 2022 250,000
Exercise price of $0.10 and expiry date of Nov 21, 2022 250,000
Exercise price of $0.15 and expiry date of Mar 22, 2023 3,550,000
Exercise price of $0.20 and expiry date of Mar 28, 2024 2,900,000
Exercise price of $0.20 and expiry date of Mar 11, 2025 3,100,000
Exercise price of $0.45 and expiry date of Aug 14, 2025 250,000
Total 14,850,000