Toronto, Ontario–(Newsfile Corp. – January 30, 2023) – Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (“PNRL“or the”Company“) announces a brokered private placement, on a “best efforts” basis, of up to 15,430,000 common shares of the Company (the “Common Shares“) at a price of CAD$1.75 per common share for gross proceeds of up to CAD$27,002,500 (the “Offering“).