Updated Mineral Resource - Crawford

Crawford is Largest Nickel Sulphide Discovery Since Early 1970s Discovery of Key Sulphide Deposits CANADA NICKEL COMPANY Contained Ni (Production+reserves+ resources) kt 20,000 18,000 16,000 14,000 12,000 10,000 8,000 6,000 4,000 2,000 ⚫High grade Low grade ? Crawford 1880 1900 1920 1940 1960 Year of discovery 1980 2000 2020 Source: Vale presentation at the Metal Bulletin 3rd International Nickel Conference, London, April 29, 2015 www.canadanickel.com 23 23

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