Homeland Nickel Enters Agreement with USA Company, Amplifying Exposure to Strategic Holdings

(TheNewswire)

Toronto, Ontario – November 13,2025 – TheNewswire - Homeland NickelInc. (“ Homeland ” or the “ Company ”) (TSX-V:SHL, OTC: SRCGF) is pleased to announce the formation of PatriotNickel Corp (“ Patriot ”), a Delaware-registered private company with strong domestic roots andcapital market ties .

Commenting on the deal with Patriot, President and CEOof Homeland, Stephen Balch said “The Patriot partnership is inkeeping with our belief in the emerging America First trend in theUnited States and the fact that Southern Oregon is the only logicallocation to build a significant, domestic supply of nickel. Our optionof portfolio projects to Patriot and our equity interest in them willbenefit shareholders immensely as Patriot brings American investorinterest and recognition, American management and an excellent Boardof Directors, who are well-placed to facilitate change within the USregulatory system. Homeland will benefit greatly while minimizingdilution to our existing shareholders.”

Highlights of the recently signed Mineral RightsAgreement with Patriot include:

• The transaction is considered arms-length

• Homeland will option its Cleopatra Property (39.5 Mt @0.93% Ni historical resource) and its Eight Dollar Mountain Property(see news release July 17, 2025)

• Homeland will receive 20% of the common shares ofPatriot

• Staged cash payments to Homeland of USD $1.25million

• Minimum expenditure requirements of USD $3.00million

• Cash and expenditure requirements are based over 3years and can be accelerated

• Requirement to bring one property to pre-feasibility toearn an 80% interest in both properties

• Patriot will assume 50% of the progress payments to RABCapital (CAD $7.5 million)

• Homeland will appoint one Patriot Director

• Homeland will be the Operator of the explorationprograms until such time as a Joint Venture is formed

• Upon Patriot Nickel vesting its 80% interest, a JointVenture will be formed, and Patriot will become the Operator atCleopatra and Eight Dollar Mountain

Qualified Person

Stephen J. Balch (BSc., P.Geo. #2250 – Ontario),President and CEO of Homeland Nickel and a "QualifiedPerson" within the meaning of NI 43-101, has verified the datadisclosed in this news release, and has otherwise reviewed andapproved its technical content on behalf of the Company.

Historical Resources

The historical resource on the Cleopatra Property wasoriginally prepared by André J. Rancourt, Eng., M.Sc.A., titled Evaluation of the Cleopatra Ni/Co PropertyMining Potential, Curry County, Oregon, U.S.A. and dated November 23, 2009. This report was later reviewed by JohnSiriunis who visited the property in 2023 and prepared a report titled National Instrument 43-101 Technical Report forthe Cleopatra Nickel-Cobalt Property having aneffective date of August 10, 2023, and co-authored by Dr. ScottJobin-Bevans. The 2023 report stated that, “ The 2009 mineral resource estimate wascompleted in accordance with NI 43-101 and following the CIMDefinition Standards for Mineral Resources & Mineral Reserves(CIM, 2005). ”

Although the 2009 report by Rancourt was prepared inaccordance with NI 43-101 and followed CIM Definition Standards forMineral Resources, it was never placed in the public domain. As suchthe mineral resources are considered historical resources. Alloriginal assays and assay certificates for this work were preservedand are retained by Homeland.

During the original sampling programs, auger sampleswere individually wrapped and identified with a unique number. Sampleswere sent to ALS Chemex of Vancouver, Canada, which performed theassays using the conventional ME-ICP61 method. ALS Chemex is ISO/IEC17025 certified by the Standards Council of Canada and has its owninternal quality check system. Additional quality control wasperformed in the form of spot check auger holes and additionalsampling plus sample re-assaying. This work is summarized in the 2009report which is available on the Company’s website as is the 2023report.

To make the historical resources compliant, a minimumof 10% of the original work will be required to be repeated,consisting primarily of twinning selected auger holes, with geologiclogging, sampling and assaying.

About Homeland Nickel

Homeland Nickel is a Canadian-based mineral explorationcompany focused on critical metal resources with nickel projects inOregon, United States and copper and gold projects in Newfoundland,Canada. The Company holds a significant portfolio of mining securitiesincluding 742,095 shares of Canada Nickel Company Inc. (TSX-V: CNC),9.960 million shares of Noble Mineral Exploration Inc. (TSX-V: NOB),11.477 million shares of Benton Resources Inc. (TSX-V: BEX), 139,767shares of Vinland Lithium Inc. (TSX-V: VLD) and 2.761 million sharesof Magna Terra Minerals Inc. (TSX-V: MTT). Homeland Nickel’s commonshares trade on the TSX Venture Exchange under the symbol “SHL”.More detailed information can be found on the Company’s websiteat:

http://www.homelandnickel.com

Cautionary Statement

Neither TSX Venture Exchange nor its RegulationServices Provider (as that term is defined in the policies of the TSXVenture Exchange) accepts responsibility for the adequacy or accuracyof this news release. No stock exchange, securities commission orother regulatory authority has approved or disapproved the informationcontained herein.

This news release contains statements that constitute“forward-looking statements”. Forward-looking statements arestatements that are not historical facts and include, but are notlimited to, disclosure regarding possible events, that are based onassumptions and courses of action, and in certain cases, can beidentified by the words “expects”, “plans”, “anticipates”,“believes”, “intends”, “estimates”, “projects”,“potential” and similar expressions, or that events or conditions“will”, “would”, “may”, “could” or “should” occur,or the negative forms of any of these words and other similarexpressions. Forward-looking statements include statements related tofuture plans for the Company, and other forward-looking information.Forward-looking statements are based on various assumptions includingwith respect to the anticipated actions of securities regulators,stock exchanges, and government entities, management plans andtimelines, as well as results of operations, performance, businessprospects and opportunities. Although the forward-looking statementscontained in this news release are based upon what the management ofthe Company believes are reasonable assumptions on the date of thisnews release, such assumptions may prove to be incorrect.Forward-looking statements involve known and unknown risks anduncertainties, they should not be read as guarantees of futureperformance or results, and they will not necessarily be accurateindications of whether such results will be achieved. A number offactors could cause actual results, performance or achievements todiffer materially from the results discussed in the forward-lookingstatements, including, but not limited to: an inability to develop andsuccessfully implement exploration strategies; general business,economic, competitive, political and social uncertainties; the lack ofavailable capital; impact of the evolving situation in Ukraine on thebusiness of the Company; and other risks detailed from time-to-time inthe Company’s ongoing filings with securities regulatoryauthorities, which filings can be found at www.sedarplus.ca. TheCompany cannot assure readers that actual results will be consistentwith these forward-looking statements. Readers are cautioned not to place undue reliance on forward-lookingstatements in this press release. These forward-looking statements aremade as of the date of this news release and the Company disclaims anyintent or obligation to update any forward-looking statement, whetherbecause of new information, future events or otherwise, unlessotherwise required by law.

Contact

Stephen Balch, President & CEO

Phone:        905-407-9586

Email:        steve@beci.ca

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