Canada Nickel Announces Filing of NI 43-101 Technical Report for Previously Announced Updated Resource, Reid Nickel Sulphide Project

Press Release

TORONTO, February 27, 2026 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSX V:CNC) (OTCQB:CNIKF) today announced that the Company has filed on SEDAR+ the independent technical report (the “Report”) prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) supporting the initial mineral resource estimate for its 100% owned Reid Nickel Sulphide Project (“Reid”) located near Timmins, Ontario. There are no material differences in the Report from those results disclosed in the Company’s news release dated January 12, 2026. The Mineral Resource Estimate, effective as of January 7, 2026, was prepared following the CIM Definition Standards for Mineral Resources and Reserves (November 29, 2019).

The technical report, issued February 26, 2026 and with Mineral Resource Estimates having an effective date of January 7, 2026, are titled “National Instrument 43-101 Technical Report and Updated Mineral Resource Estimate for the Reid Ni-Co-Cr-PGE Deposit, Reid Nickel Sulphide Project.” The Reports was prepared for Canada Nickel by Caracle Creek International Consulting Inc. and can be found under the Company’s issuer profile at SEDAR+ www.sedarplus.com.

Qualified Person

Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a “qualified person” as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, NetZero IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel- Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.

For further information, please contact:

Mark Selby
CEO
Phone: 647-256-1954
Email: info@canadanickel.com

IBF4