Victory Nickel Announces Resignation of Director

TORONTO, January 6, 2021 - Victory Nickel Inc. (the "Company") (CSE:NI) ( www.victorynickel.ca) today announced the resignation of Peter R. Jones as a Director of the Company, effective immediately. The Board of Directors thanks Mr. Jones for his service to Victory Nickel and wishes him well in the future.

About Victory Nickel

Victory Nickel Inc. is a Canadian company with four sulphide nickel deposits containing significant NI 43-101-compliant nickel resources and a significant frac sand resource at its Minago project. Through a wholly-owned subsidiary, Victory Silica Ltd., Victory Nickel at its 7P frac sand processing facility in Seven Persons Alberta has established itself in the frac sand business.

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Forward-Looking Information: This news release contains certain forward-looking information. All information, other than information regarding historic fact that addresses activities, events or developments that the Company believes, expects or anticipates will or may occur in the future is forward-looking information. The forward-looking information contained in this news release, including information related to the completion and outcome of any debt restructuring activities reflects the current expectations, assumptions and/or beliefs of the Company based on information currently available to the Company. The forward-looking information contained in this news release is subject to a number of risks and uncertainties that may cause actual results or events to differ materially from current expectations. Any forward-looking information speaks only as of the date on which it is made and, except as may be required by applicable law, the Company disclaims any obligation to update or modify such forward-looking information, either because of new information, future events or for any other reason. Although the Company believes that the assumptions inherent in the forward-looking information are reasonable, forward-looking information is not a guarantee of future performance and accordingly undue reliance should not be put on such information due to the inherent uncertainty therein.

SOURCE: Victory Nickel Inc.