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Canada Nickel Successfully Completes Initial Infill Drilling at Bannockburn Property “B” Zone; 2024 Exploration Program Conference Call to be Held on February 23

Canada Nickel Company Inc.

Highlights

  • First five holes drilled by Canada Nickel into the “B” Zone intersected multi-hundred metre intervals of 0.27-0.29% nickel and contained higher grade intervals of 0.3% nickel or better
    • Higher grade intervals included 16.5 metres of 0.54% nickel
      within a larger interval of 54 metres of 0.38% nickel in BAN23-04
  • Upcoming summer 2024 drill program will complete the Canada Nickel drill program in preparation for an initial resource later in 2024
  • Company to host a webcast and conference call to discuss 2024 exploration program on Friday, February 23rd, 2024 at 11 a.m. Eastern Time

Figure 1 – Bannockburn “B” Zone – CNC Drillholes Over Total Magnetic Intensity.

Figure 2 – Bannockburn Property with Nickel Sulphide Zones (modified after Outokumpu, 1999).

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