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Canada Nickel Announces Results of Annual and Special Meeting of Shareholders

Press Release

TORONTO, April 20, 2022 – Canada Nickel Company Inc. (TSX-V: CNC) (“Canada Nickel” or the “Company”) is pleased to announce the results of its annual and special meeting of shareholders of the Company (the “Shareholders”) held today.

Each of the nominee directors listed in the Company’s management information circular dated March 16th, 2022 (the “Circular”), being Mark Selby, Mike Cox, Jennifer Morais, Francisca Quinn, Kulvir Singh Gill, David Smith and Russell Starr, were elected as directors.

The following resolutions: (i) approving the appointment of MNP LLP as auditors of the Company to hold office until the next meeting of shareholders and to authorize the directors to fix the remuneration to be paid to the auditors; and (ii) setting the number of directors of the Company at seven and empowering the directors of the Company to determine by resolution the number of directors to be elected at the annual meetings of Shareholders of the Company, all as more particularly described in the Circular, received the requisite approvals of the Shareholders.

Purchase of Timmins-Area Properties & Issuance of Shares to Service Providers

Canada Nickel announces today that it has entered into a purchase agreement to acquire properties located in the Timmins, Ontario nickel-sulphide mining district. Under the agreement, in partial consideration for the properties and subject to the approval of the TSX Venture Exchange, Canada Nickel has agreed to issue 50,000 common shares to the seller (which common shares will be subject to a four-month hold period under applicable securities laws).

Canada Nickel also announces today that, subject to the approval of the TSX Venture Exchange, it has agreed to issue an aggregate of 44,103 common shares of the Company at a deemed issue price of $2.60 per common share in satisfaction of an aggregate of $115,448 in obligations due to a service provider of the Company (the “Share Issuance”). The common shares will be subject to a four-month hold period under applicable securities laws.

About Canada Nickel

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, Chair and CEO
Phone: 647-256-1954
Email: [email protected]

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