Mr. Mark Selby reports

CANADA NICKEL ANNOUNCES POSITIVE FEDERAL CONFORMITY DETERMINATION FOR THE CRAWFORD NICKEL SULPHIDE PROJECT'S IMPACT STATEMENT

The Impact Assessment Agency of Canada (IAAC) has determined that the impact statement for Canada Nickel Company Inc.'s Crawford nickel sulphide project meets the necessary accessibility and formatting requirements and contains sufficient information to proceed into its next phase through a technical review and public comment period.

The IAAC's decision marks a key milestone in the development of the Crawford nickel sulphide project, paving the way for further technical assessments and engagement. The 60-day public comment period on the summary of the impact statement began yesterday, Dec. 9, 2024, and will close on Feb. 7, 2025.

"We are pleased that the IAAC has confirmed the adequacy of our impact statement, a testament to the comprehensive regulatory compliance and transparency efforts of both our team and the IAAC," said Mark Selby, chief executive officer of Canada Nickel.

The public is invited to review and provide feedback on the impact statement and its summary.

"This milestone is more than just a regulatory checkbox," continued Mr. Selby. "It is another step forward in the journey for the Crawford nickel sulphide project from exploration to production. It is a testament to our team's efforts that this has been the only mining project in Canada to reach this stage under the 2019 Impact Assessment Act."

Canada Nickel appreciates the engagement of all participants in this process and looks forward to addressing input received during the public comment period.

About Canada Nickel Company Inc.

Canada Nickel Company is advancing the next generation of nickel sulphide projects to deliver nickel required to feed the high-growth electric-vehicle and stainless-steel markets. Canada Nickel Company has applied in multiple jurisdictions to trademark the terms NetZero Nickel, NetZero Cobalt and NetZero Iron, and is pursuing the development of processes to allow the production of net-zero-carbon nickel, cobalt and iron products. Canada Nickel provides investors with leverage to nickel in low-political-risk jurisdictions. Canada Nickel is currently anchored by its 100-per-cent-owned, flagship Crawford nickel sulphide project in the heart of the prolific Timmins-Cochrane mining camp.

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