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Canada Nickel Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs

Canada Nickel Company Inc.

Highlights

  • First two holes at Newmarket successfully intersect target mineralization including 373 metres of 0.24% nickel in NEW24-01
  • Best interval to date at first hole at Reid - 675 metres of 0.25% nickel including 142 metres of 0.32% nickel and 24 metres of 0.40% nickel in REI24-17
  • First five holes at Reid each intersect over 650 metres of target mineralization within an 800-metre-thick ultramafic sequence – approximately 2 times thicker than Crawford’s Main zone

Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity.

Figure 2 – Reid – Cross Section looking East.

Figure 3 – Newmarket – CNC Drillholes Over Total Magnetic Intensity.

Figure 4 – Newmarket – Mann Southeast targets

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