NiCAN Provides Voting Results From Annual General Meeting

TORONTO, June 27, 2024 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) (FRA: W8Y) is pleased to provide the results of its 2024 Annual General and Special Meeting (the "Meeting") of shareholders held on Thursday, June 27, 2024, in Toronto, Canada. Shareholders holding 19,509,651 common shares, or 23.97%, of the outstanding common shares of the Company were represented in person or by proxy at the Meeting and voted in favour of all matters brought before the Meeting.

The following table details the results from the Meeting:

NiCAN Limited 2024 Meeting Results
Motions	Votes for	Votes against	Votes withheld
Election of Directors
Michael Hoffman	98.61 %	0.00 %	1.39 %
Brad Humphrey	98.61 %	0.00 %	1.39 %
Alison (Saga) Williams	98.52 %	0.00 %	1.48 %
Dr. Mark Cruise	98.52 %	0.00 %	1.48 %
Patrick Gleeson	98.61 %	0.00 %	1.39 %
Svetoslava (Stacey) Pavlova	98.52 %	0.00 %	1.48 %
Appointment of Davidson & Company, LLP, as auditors	100.00 %	0.00 %	0.00 %
Approval of Long-Term Incentive Plan	98.44 %	1.56 %	0.00 %

About NiCAN

NiCAN Limited is a mineral exploration company, trading under the symbol "NICN" on the TSX-V. The Company is actively exploring two nickel projects, both located in well-established mining jurisdictions in Manitoba, Canada.

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Cautionary Note Regarding Forward-Looking Statements

The information contained herein contains certain "forward-looking information" under applicable securities laws concerning mineralization conceptualizations and future exploration programs, business, operations and financial performance and condition of NiCAN Limited. Forward-looking information includes, but is not limited to, the size and timing of the drill program, results of the drill program, interpretations of the various surveys, NiCAN's ability to identify mineralization similar to that found in prior drill holes, the benefits and the potential of the properties of the Company; future commodity prices (including in relation to NiEq calculations); drilling and other exploration potential; costs; and permitting. Forward-looking information may be characterized by words such as "plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Many of these assumptions are based on factors and events that are not within the control of the Company and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market conditions, fluctuating metal prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses and permitting disputes and/or delays. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking information.

Neither TSX-V nor its Regulation Services Provider (as that term is defined in policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release.

SOURCE Nican Ltd.

Contact Information: Brad Humphrey, President and CEO, 416.565.4007, [email protected]; Sandy Noyes, Investor Relations & Communications, [email protected], www.nicanltd.com