Updated Mineral Resource - Crawford

5409000 N 5410000 N 400 m 541 1000 N . • Fourth New Discovery Reinforces Geophysical Understanding CANADA NICKEL COMPANY Initial two drill holes collared 100 m apart intersected mineralized dunite in 1.1 km by 400 m wide geophysical anomaly approximately 2.5 km north of Main Zone. Hole CR20-84 remained in mineralized dunite across its entire core length of 501 metres. Hole CR20-87 collared in and intersected mineralized dunite for 218 m, before intersecting multiple peridotite/pyroxenite sequences similar to ones seen in recently discovered PGM zones at Crawford. 472000 E 5412000 N 1.5 km 473000 E CR20-84 CR20-87 400 m 1.1 km North Zone Main Zone 1.8 km East Zone 2.1 km 474000 E Nickel Resource 500 m 475000 E 541 2000 N 541 2200 N 541 1800 N 100 m 5412400 N 541 2600 N 472200 E Gravity Low www.canadanickel.com 472400 E CR20-84 CR20-87 Peridotite Dunite Pyroxenite 472600 E 472800 E 473000 E 17 473200 E

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