Canada Nickel Continues Rapid Progression of Crawford Nickel Project Federal Permitting

Press Release

TORONTO, April 4, 2023 – Canada Nickel Company Inc. (”Canada Nickel” or “The Company”) (TSXV:CNC) (OTCQX:CNIKF) is pleased to announce commencement of the Impact Statement Phase for the Crawford Nickel Project (“Crawford” or “the Crawford Project”) under the Impact Assessment Act.

Mark Selby, Chair & CEO of Canada Nickel said, “As we now enter the second phase of the Impact Assessment process, we’d like to express our appreciation to our partners, stakeholders, and Indigenous communities for their continued engagement, and to the Impact Assessment Agency of Canada for their timely actions in efficiently progressing the Impact Assessment process for Crawford. As we continue our rapid progression through project permitting, Canada Nickel remains committed to ensuring thorough,
meaningful baseline assessments, impact analysis, and engagement.”

An Important Step for the Crawford Nickel Project

The Impact Assessment process is a planning and decision-making tool used by regulators, Indigenous communities, the general public, stakeholders, and proponents to emphasize the positive and resolve or mitigate the negative impacts of a proposed major project, and to ensure that the development of the project is in the public’s best interest. The Impact Statement Phase, the second phase of the process, culminates with the proponent’s submission of the Impact Statement, a detailed technical document that
identifies and assesses the potential impacts of a project and the measures proposed to mitigate those effects.

About Canada Nicke

Canada Nickel is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and cobalt required to feed the high growth electric vehicle and stainless-steel markets. Canada Nickel has successfully registered and applied for trademarks in various jurisdictions for NetZero Nickel™, NetZero Cobalt™ and NetZero Iron™ 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 and
cobalt 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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