NEW YORK, June 6, 2023 /PRNewswire/ - Pelham Investment Partners LP ("Pelham", "we", "our" and similar pronouns), a New York-based investment fund and the single largest shareholder of Nickel 28 Capital Corp. (formerly Conic Metals Corp.) (TSXV: NKL) (FSE: 3JC0) ("Nickel 28" or the "Company"), today announced that, on June 5^th, 2023, the Supreme Court of British Columbia issued a ruling which denied shareholders the opportunity to vote for Pelham's director nominees at the Company's upcoming annual meeting scheduled for June 12, 2023 (the "Meeting").  The ruling hinged on a technical and inadvertent omission contained in Pelham's advance notice of nominations sent privately to the Company that it did not hold any proxies for shares of the Company as of May 4, 2023.  The fact that Pelham actually held proxies over the shares it had purchased in its recently completed tender offer was widely known, publicly disclosed, and quickly confirmed by Pelham to the Company.  Pelham had hoped and expected that, in undertaking their fiduciary duties and to avoid disenfranchising the Company's own shareholders, the board of directors of the Company (the "Board") would exercise its discretion to waive this technical oversight, which created no disadvantage for anybody.