Canada Nickel Announces Filing of Technical Report for Previously Announced Deloro Project Initial Resource

Press Release

TORONTO, September 04, 2024 – Canada Nickel Company Inc. (“Canada Nickel” or the “Company”) (TSX-V:CNC) (OTCQB:CNIKF) today announced that the Company has filed on SEDAR+ an 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 Deloro Nickel Sulphide Project (“Deloro”) near Timmins, Ontario. There are no material differences in the Report from those results disclosed in the Company’s news release dated July 18, 2024. The Mineral Resource Estimate, effective as of July 17, 2024, was prepared following the CIM Definition Standards for Mineral Resources and Reserves (November 29, 2019).

Mark Selby, CEO of Canada Nickel commented, “Deloro is the first of seven additional resources we expect to publish between now and mid-2025. Deloro has an advantageous location near both Timmins and the mining and processing infrastructure at the Dome Mill, and benefits from a relatively low overburden of an average of just 6 metres. We are very excited about the success of our regional exploration program and expect to provide a comprehensive update next week.”

The full technical report dated September 3, 2024, with an effective date of July 17, 2024 is entitled “National Instrument 43-101 Mineral Resource Estimate and Technical Report on the Deloro Nickel-Cobalt Sulphide Project.” The Report was prepared for Canada Nickel by Caracle Creek International Consulting Inc. and can be found under the Company’s issuer profile at 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

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