Updated Mineral Resource - Crawford

Why Invest in Canada Nickel? CANADA NICKEL COMPANY Canada Nickel (CNC) owns 100% of the Crawford Nickel-Cobalt Sulphide project: A new nickel discovery with large scale potential in an established mining camp adjacent to existing infrastructure north of Timmins, Ontario, Canada. One of the top 10 nickel sulphide resources globally, with significant expansion potential Initial metallurgical testing confirmed excellent nickel recovery of 46%, 51% and 52% from the first 3 locked cycle tests using conventional flowsheet design Nickel mineralization now discovered in Main, East, West and North Zones, with total strike length of ~7 km Separate PGM Zone discovered and extended by 1.5km in recent drilling on Main Zone, and discovered parallel to East Zone Groundbreaking, mutually beneficial MOUS signed with local First Nations TM Canada Nickel has launched wholly-owned NetZero Metals Inc. to develop zero-carbon production of Nickel, Cobalt and Iron - has applied for trademarks NetZero Nickel TM, NetZero Cobalt TM, NetZero IronT Canada Nickel is completing a PEA on the Crawford Project by Q1 2021, FS by year-end 2021 MOU signed with Glencore to examine potential to use Kidd Creek mill and met site to allow faster, significantly lower capital cost startup. Work to be completed during Q1 2021 Canada Nickel is well timed - nickel appears to be entering a supercycle which occur every 15-20 years. Prices should remain at relatively high levels for an extended period to incent new supply to meet already strong demand growth further accelerated by substantial requirements from electric vehicles Nickel has limited investible opportunities Prior supercycle in 2005-2007 largely emptied project pipeline outside Indonesia. * Mineral Resource Estimate prepared by Caracle Creek International Consulting Inc. www.canadanickel.com 3

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