Toronto, Ontario–(Newsfile Corp. – February 24, 2023) – Premium Nickel Resources Ltd. (TSXV: PNRL) (OTCQX: PNRLF) (“PNRL“or the”Company“) is pleased to announce that it has closed its previously-announced “best efforts” brokered private placement offering under which 4,437,184 common shares of the Company (the “Common Shares“) were issued at a price of CAD$1.75 per Common Share for gross proceeds of CAD$7,765,072.00 (the “Offering“).