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Canada Nickel Confirms Large Scale Discovery at Reid and Provides Regional Exploration Update

Canada Nickel Company Inc.

Highlights

  • Current drilling confirms large scale discovery at Reid – delineated mineralized footprint already 90% of Crawford footprint of 1.6 km2 which contains the fifth largest Measured & Indicated sulphide resource globally of 3.5 million tonnes of contained nickel
  • Regional drilling continues to validate geophysical targeting approach highlighting potential from 42 km2 of geophysical targets 
  • Latest assays from Deloro include DEL22-05 intersecting 394 metres of 0.26% nickel

Figure 1 – Plan View of Reid – Drill results Overlain on Total Magnetic Intensity

Figure 2 – Plan View of Reid Vs Crawford TMI at the same scale.

Figure 3 – Cross Section of Reid

Figure 4 – Reid – Stronger Mineralization Examples – REI22-14, REI22-16

Figure 5 – Plan View of Deloro – Drill results Overlain on Total Magnetic Intensity

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