FPX Nickel Corp. — Proxy Solicitation & Information Statement 2025

May 28, 2025

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FPX Nickel

TSX-V:FPX | OTCQB: FPOCF

320-1155 West Pender Street

Vancouver, BC, Canada V6E 2P4

Tel: +1 604 681 8600

e-mail: info@fpxnickel.com

NOTICE OF ANNUAL MEETING OF SHAREHOLDERS

NOTICE IS HEREBY GIVEN that the Annual Meeting of the shareholders (the "Meeting") of FPX Nickel Corp. (the "Corporation") will be held on Thursday, June 26, 2025 at the hour of 2:00 p.m. (Vancouver time), at the offices of the Corporation, Suite 320 – 1155 West Pender Street, Vancouver, British Columbia, for the following purposes:

1. FINANCIAL STATEMENTS. To receive and consider the Corporation's audited consolidated financial statements as at and for the year ended December 31, 2024 and the auditor's report thereon;
2. SET THE NUMBER OF DIRECTORS. To set the number of directors of the Corporation for the ensuing year at eight;
3. ELECTION OF DIRECTORS. To elect directors of the Corporation to hold office for the ensuing year;
4. RE-APPOINTMENT OF AUDITOR. To re-appoint De Visser Gray LLP, Chartered Professional Accountants, as the Corporation's auditor for the ensuing year and to authorize the directors to fix the auditor's remuneration;
5. APPROVAL OF SHARE COMPENSATION PLAN. To approve an ordinary resolution providing the required annual approval of the Company's Share Compensation Plan as more particularly described in the accompanying Information Circular; and
6. OTHER BUSINESS. To transact such other business as may properly come before the Meeting or any adjournment thereof.

Accompanying this Notice of Meeting is the Corporation's Information Circular, a form of Proxy or Voting Instruction Form, and a Financial Statement Request Form. The accompanying Information Circular provides information relating to matters to be addressed at the Meeting and is incorporated into this Notice.

Registered shareholders and duly appointed proxyholders will be able to attend, participate and vote at the Meeting. Beneficial shareholders [being shareholders who hold their shares through a broker, investment dealer, bank, trust company, custodian, nominee or other intermediary (each, an "Intermediary")] will be able to attend the Meeting as a guest but will not be able to participate or vote at the Meeting.

The enclosed Proxy is solicited by management but you may amend it, as set out in the Notes to Proxy, if you so desire, by striking out the names listed therein and inserting in the space provided, the name of the person you wish to represent you at the Meeting.

In order to be valid and acted upon at the Meeting, forms of proxy must be returned to the Corporation's Transfer Agent, Computershare Investor Services Inc., of 100 University Avenue – 9th Floor, Toronto, Ontario M5J 2Y1 not less than 48 hours (excluding Saturdays, Sundays and holidays) before the time set for the holding of the Meeting or any adjournment(s) thereof. Further instructions with respect to the voting by proxy are provided in the form of proxy and in the Information Circular accompanying this Notice. The

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time limit for deposit of proxies may be waived or extended by the Chair of the Meeting at his or her discretion, without notice.

If you are a beneficial shareholder and have received these materials through your broker or other Intermediary, please complete and return the voting instruction form or other materials provided to you by your broker or other Intermediary in accordance with the instructions provided therein sufficiently in advance of the deadline specified, to ensure that they are able to provide voting instructions on your behalf. Shareholders who are planning to return the form of proxy or a voting instruction form are encouraged to review the accompanying Information Circular carefully before submitting the form of proxy or voting instruction form.

DATED at Vancouver, British Columbia, Canada as of the 21st day of May 2025.

BY OF THE BOARD

/s/ Martin Turenne

President & Chief Executive Officer

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