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VANCOUVER, British Columbia, April 27, 2026 (GLOBE NEWSWIRE) -- Giga Metals Corp. ("Giga Metals" or the "Company") (TSXV:GIGA, OTCQB:GIGGF, FSE: BRR2)) is pleased to announce that the Company has agreed to increase the size of its previously announced private placement up to 15,000,000 Units for gross proceeds of $1.2 million Units of the company. Pursuant to the upsized Offering, each Warrant ("Warrant") will now entitle the holder to acquire an additional Share at a price of $0.15 per Share for a period of thirty-six (36) months from the date of issuance. Each Unit remains at a price of $0.08 per Unit and is comprised of one common share of the Company and one full share purchase warrant.

The proceeds of the Private Placement will be used to advance development activities at the Turnagain project; exploration activities at Turnagain focusing on the Attic zone; and for general corporate purposes.

The Company anticipates a first closing of the Offering on or about April 30, 2026, with a second and final closing of the Offering on or about May 15, 2026.

The closing of the Private Placement is subject to certain closing conditions, including the approval of the TSX Venture Exchange (the "TSXV"). The Company may pay ...