Updated Mineral Resource - Crawford

Ground-breaking MOU Signed with Local First Nations CANADA NICKEL COMPANY Canada Nickel has entered into Memorandum of Understandings with Taykwa Tagamou Nation and the Matachewan and Mattagami First Nations. TAYKWA TAGAMOU TACHE NATION "Our community favours a development project like Canada Nickel's that provides a positive economic impact, minimal environmental impacts with a commitment to deliver NetZero products, and has the foresight to engage with Taykwa Tagamou during the early stages of development." - Chief Bruce Archibald, Taykwa Tagamou Nation, December 16, 2020 "...happy to be forging a strong and mutually beneficial relationship with Canada Nickel on their promising Nickel-Cobalt Project.” – Chief Jason Batisse, Matachewan First Nation, December 14, 2020 "Mark is genuinely committed to responsible and sustainable development, and our community appreciates being engaged in the early planning stages of the project." - Chief Chad Boissoneau, Mattagami First Nation, December 14, 2020 Refer to Canada Nickel TSX-V Announcements dated December 14 and December 16, 2020 www.canadanickel.com 21

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