Share Structure as of January 14, 2022

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

Shares issued and outstanding                 213,857,863
Stock options outstanding                   16,500,000
Broker warrants outstanding (exercise price of $0.65 expiring April 7, 2023)                     1,486,188
Fully diluted shares                 231,844,051

Shares held by Management & Directors: 40,098,515 (18.8% of issued and outstanding)

Schedule of Stock Options Outstanding

Exercise price of $0.15 and expiry date of Mar 30, 2022 2,000,000
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 $0.80 and expiry date of Feb 10, 2026 250,000
Exercise price of $0.70 and expiry date of Apr 9, 2026 3,100,000
Exercise price of $0.60 and expiry date of Jun 21, 2026 600,000
Total 16,500,000