Canada Nickel Company Presentation

Very Encouraging Initial Mineralogy Results Crawford's initial mineralogy results have been positive CANADA NICKEL COMPANY Initial Mineralogy Results Higher Grade Lower Grade Core Zones # samples 44 45 % Ni in nickel sulphide and 89% 59% nickel-iron alloy minerals % Ni in silicates 11% 41% % Nickel 0.31 0.19 % Sulphur 0.14 0.03 % Magnetite 8.7 6.9 Breakdown of Nickel Sulphide Higher Grade and Nickel-Iron Alloy Minerals Core Zones Pentlandite 40% 51% • Heazlewoodite 57% 38% Awaruite 3% 11% Initial Electron Microprobe % Ni % Co % Fe Results - Selected Elements (12 samples) Pentlandite Heazlewoodite Awaruite Magnetite 35.0 5.1 27.0 71.5 0.0 1.5 75.2 1.4 23.2 0.1 0.0 70.9 Lower Grade 89% of the nickel in the Higher Grade Core of the resource is contained in nickel sulphide and nickel-iron alloy minerals. 59% of the nickel in the Lower Grade Zones is contained in nickel sulphide and nickel-iron alloy minerals. Both the higher and lower grade areas contain significant quantities of magnetite. In the Higher Grade Core, the magnetite content averaged 8.7% and in the Lower Grade Zones averaged 6.9%. Refer to Canada Nickel TSX-V Announcement dated March 12, 2020 www.canadanickel.com 17

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