Toronto, Ontario–(Newsfile Corp. – August 3, 2022) – Premium Nickel Resources Ltd.(TSXV: PNRL)(formerly, North American Nickel Inc.) (“Premium Nickel” or the “Corporation”) is pleased to announce the closing of its previously-announced “reverse takeover” transaction (the “RTO Transaction“). Following the closing of the RTO Transaction, the common shares of Premium Nickel are expected to be listed for trading as soon as next week on the TSX Venture Exchange (the “Exchange“) under the symbol “PNRL”.