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Canada Nickel Confirms Major Discovery at Reid, Provides Financing Update

Canada Nickel Company Inc.

Highlights

  • All 16 holes at Reid intersected multi-hundred metre intervals of mineralization
    with 6 holes in Central Core Area intersecting higher grades
  • Holes REI22-14 and REI22-16 confirm mineralization of over 500 metres width – approximately 50% wider than Crawford Main Zone and more than 100% wider than Crawford East Zone
  • Reid geophysical target footprint of 3.9 km2, is more than two times larger than
    the 1.6 km2 footprint of the flagship Crawford Nickel Project resource

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

Figure 2 – Section View of Reid – REI22-14 and REI22-16 (Section width ~150m)

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