Premium Nickel Resources Ltd. announced the appointment of Mr. James (Jim) Gowans as a Director and as new independent Chairman of the Board of the Company, effective as of January 1, 2024. Jim Gowans, is a seasoned corporate director and brings over three decades of expertise as a senior executive in the mining industry, with notable roles at Debswana Diamond Company in Botswana, DeBeers SA, DeBeers Canada Inc., PT Inco and Placer Dome Ltd. Mr. Gowans has served on the boards of numerous Canadian publicly traded mining companies, including Cameco, Arizona Mining, Trilogy Metals, Detour Gold, New Gold, Marathon Gold, Paycore Minerals and Treasury Metals where he currently serves as Chairman. He was also CEO and interim president of Trilogy Metals Inc., held roles as CEO, president, and director at Arizona Mining Inc., and served as co-President of Barrick Gold Corporation before becoming a senior advisor to the Chairman of the Board at Barrick Gold Corporation.

The addition of Mr. Gowans to the Company will bring with it the advantages of his extensive operational background in Botswana, his profound insights into the local and regional dynamics relevant to the revitalization of PNRL's mines, and the value of his established connections within the mining sector in that region.