Share Structure as of March 12, 2020

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

Shares issued and outstanding	163,062,004
Stock options outstanding	15,500,000
Fully diluted shares	178,612,004

Shares held by Management & Directors: 30,880,077 (18.9% of issued and outstanding)

No warrants outstanding

Schedule of Stock Options Outstanding

Exercise price of $0.10 and expiry date of May 12, 2021	2,700,000
Exercise price of $0.15 and expiry date of Mar 30, 2022	2,550,000
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	3,800,000
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
Total	15,550,000