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Canada Nickel Company Presentation

· • • Updated Mineral Resource - Crawford CANADA NICKEL COMPANY Crawford's updated resource ranks as one of the 10 largest nickel sulphide resources globally Higher grade core of M&I Resource of 281 Mt at 0.31% Ni, 0.013% Co, and 0.037 g/t Pd + Pt Within an overall M&I resource of 657 Mt at 0.26% Ni and 0.013% Co Higher grade inferred resource of approximately 141 Mt at 0.28% Ni and 0.013% Co within an overall inferred resource of approximately 646 Mt at 0.24% nickel and 0.013% cobalt Mineral Resource Estimate Contained DOMAIN CLASS TONNES (Mt) Ni (%) Co (%) Fe (%) S (%) Pd (g/t) Pt (g/t) Ni (kt) Co (kt) Fe (Mt) Pd (koz) Pt (koz) MAIN HIGHER GRADE ZONE MAIN LOWER GRADE ZONE Measured Indicated Mea+Ind Inferred Measured Indicated 152.7 128.6 281.3 0.32 0.013 6.25 0.20 0.029 0.012 140.5 63.0 264.8 Mea+Ind 327.8 Inferred 292.6 Measured 25.9 Indicated 22.0 EAST ZONE TOTAL Mea+Ind Inferred Mea+Ind Inferred 47.9 213.2 657 646 0.30 0.013 6.37 0.16 0.027 0.013 0.31 0.013 6.30 0.18 0.028 0.012 0.28 0.013 6.73 0.08 0.024 0.013 0.22 0.013 6.82 0.05 0.21 0.013 6.90 0.04 0.21 0.013 6.89 0.04 0.21 0.013 6.96 0.05 0.26 0.012 6.03 0.39 0.26 0.013 6.21 0.04 0.26 0.013 6.11 0.04 0.24 0.013 6.64 0.03 0.26 0.013 6.58 0.10 0.028 0.012 0.24 0.013 6.81 0.05 0.024 0.013 485.4 20.0 392.3 16.5 8.2 877.7 36.5 17.7 395.7 18.2 125.3 8.3 9.5 141 57 111 52 253 109 9.5 107 56 4.3 533.6 34.8 18.3 658.8 43.2 22.6 661.0 38.2 20.4 67.7 3.2 1.6 56.6 2.8 1.4 124.3 6.0 2.9 504.6 27.4 14.2 1,660.8 85.7 1,561.2 83.8 44.0 43.2 253 109 107 56 Mineral Resource Estimate prepared by Caracle Creek International Consulting Inc., in accordance with the National Instrument 43-101 ("NI 43-101") and CIM Definition Standards on Mineral Resources and Reserves. Refer to Canada Nickel TSX-V Announcement dated October 21, 2020 www.canadanickel.com 12
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