Share Structure as of December 5, 2022

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

Shares issued and outstanding                 241,157,863
Stock options outstanding                   16,340,000
Broker warrants outstanding (exercise price of $0.65 expiring April 7, 2023)                     1,486,188
Fully diluted shares                 258,984,051

Shares held by Management & Directors: 41,750,515 (17.3% of issued and outstanding)

Schedule of Stock Options Outstanding

Exercise price of $0.15 and expiry date of March 22, 2023 2,750,000
Exercise price of $0.20 and expiry date of March 28, 2024 2,900,000
Exercise price of $0.20 and expiry date of March 11, 2025 3,100,000
Exercise price of $0.80 and expiry date of February 10, 2026 250,000
Exercise price of $0.70 and expiry date of April 9, 2026 3,100,000
Exercise price of $0.60 and expiry date of June 21, 2026 600,000
Exercise price of $0.50 and expiry date of July 19, 2026 250,000
Exercise price of $0.55 and expiry date of January 10, 2027 250,000
Exercise price of $0.70 and expiry date of March 4, 2027 250,000
Exercise price of $0.80 and expiry date of April 11, 2027 250,000
Exercise price of $0.50 and expiry date of July 28, 2027 2,640,000
TOTAL 16,340,000