Updated Mineral Resource - Crawford

. West Zone - Third New Discovery Hole 74 Extends Higher Grade Core CANADA NICKEL COMPANY Main-Higher Grade Zone and West Zone Holes 69, 70, 72, 74 over top of gravity gradient • Follow up drilling of hole CR20-74 in West Zone substantially extends higher grade mineralization potential by 45% or 850 metres to northwest. 0.30% nickel over core length of 308 metres, including 153 metres of 0.32% nickel and ending with an additional 36 metres at 0.32% nickel 5411000N Large, Lower Grade Target 2+ km x 400-800m 5410000N 471000E 472000E Previously Reported-Hole 72 CR20-72 @ 352.5 metres, 10 mm field of view Two holes, CR20-69 and CR-70, defined wide, low grade mineralization across width of 1km within multi-kilometre anomaly and remains open in multiple directions CR20-70 0.17% Ni over 495m incl. 0.20% Ni over 336m and 0.21% Ni over 41m CR20-69 0.16% Ni over 456m incl. 0.20% Ni over 88m 5409000N and 0.21% Ni over 177m N CR20-72 0.31% Ni over 21m 500 m www.canadanickel.com 850 m CR20-72 @ 370 metres, 10 mm field of view 473000E CR20-74 0.28% Ni over 453m incl. 0.32% Ni over 153m incl. 0.41% Ni over 14m and 0.32% Ni over 36m (EOH) Potential Extension of Higher Grade Core 1.8 km CR20-77 0.25% Ni over 357m incl. 0.32% Ni over 90m incl. 0.41% Ni over 12m Legend Drill Holes 0.30% Ni Grade Shell 0.35% Ni Grade Shell Ni (%) <0.15% 0.15% 0.20% 0.20% -0.25% 0.25% -0.30% 0.30% 0.35% 0.35% 0.40% > 0.40% 150-220 m 16

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