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Canada Nickel files Technical Report on the Crawford Nickel Sulphide Project

Press Release

TORONTO, August 23, 2022 – Canada Nickel Company Inc. (TSX-V: CNC) (“Canada Nickel” or the “Company”) is pleased to announce that further to its news release dated July 6, 2022 it has filed on SEDAR an independent technical report titled “Crawford Nickel Sulphide Project – NI 43-101 Technical Report, Preliminary Economic Assessment & Updated Mineral Resource Estimate” (the “Technical Report”). This report (the “Report”) was prepared by Caracle Creek International Consulting Inc (Caracle Creek) with support from Ausenco Engineering Canada Inc. (Ausenco), and Wood Environment & Infrastructure Solutions Canada Limited (Wood) (collectively the “Authors”) for Canada Nickel Company Inc. (CNC) to provide the updated mineral resource estimate as announced by CNC on July 6, 2022 and to re-iterate the results of the Crawford Nickel Sulphide Project Preliminary Economic Assessment (PEA) dated July 9, 2021 and with an effective date of May 21, 2021.

A copy of the Technical Report is available under the Company’s profile page at www.sedar.com.

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

CHAIR AND CEO

PHONE: 647-256-1954

EMAIL: [email protected]

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