On May 5, 2023, Nickel 28 Capital Corp announces that it has received notice from Pelham Investment Partners LP of its intention to nominate 5 individuals, Edward (Ned) Collery, Daniel Burns, Marilyn Spink, David Whittle, and Ross B Levinfor for election as directors at the Company's upcoming annual general and special meeting of shareholders scheduled to be held on June 12, 2023. In addition, the Company stated that previously formed a special committee of independent directors of the board and the special committee will review and consider the Notice with its professional advisors. Nickel 28 will respond appropriately in due course and recommended the shareholders that no need to take any action in respect of the notice or the meeting.

Further, the Company stated that it has a qualified, independent, experienced and engaged board, which has a long history of engagement and good corporate governance and remains welcoming of constructive input from all shareholders.