Homeland Nickel Exploration Update On Oregon Nickel Properties

Toronto, Ontario – May 07, 2026 - TheNewswire – Homeland Nickel Inc. (“ Homeland ” or the “ Company ”) (TSX-V: SHL, OTC: SRCGF), is pleased to announce it is proceeding with an environmental review of its Cleopatra and Red Flat Properties during May and early June 2026. The purpose of the environmental review, conducted in cooperation with the US Forest Service (USFS), is to satisfy NEPA requirements prior to issuance of a Plan of Operation (Pop) to conduct sonic drilling and auger hole drilling. A Pop was previously filed for two separate explorations programs each at Cleopatra and Red Flat for a total of four (4) Plans of Operation. A Pop has two components, the first being a Surface Use Determination and the second being a NEPA (National Environmental Policy Act) evaluation. In the first exploration program, Homeland will drill a series of sonic holes to determine the average depth to bedrock or nickel laterite thickness to a maximum depth of fifty (50) feet. In the second exploration program, Homeland will redrill approximately 10% of the original exploration work that led to historical nickel resource estimates at both Cleopatra and Red Flat. This work will be required to update the resources to a NI 43-101 format prior to a feasibility study being conducted (planned for 2027). The Surface Use Determination has been approved for Cleopatra and is under review for Red Flat.