Mr. Mark Selby reports

CANADA NICKEL ANNOUNCES FILING OF NI 43-101 TECHNICAL REPORT FOR PREVIOUSLY ANNOUNCED TEXMONT INITIAL RESOURCE

Canada Nickel Company Inc. has filed on SEDAR+ an independent technical report prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral projects supporting the initial mineral resource estimate for its Texmont nickel sulphide project.

The Texmont project, located about 36 kilometres south of Timmins, Ont., is wholly owned by Canada Nickel Company through its wholly owned subsidiary, Central Timmins Nickel Ltd. There are no material differences in the report from those results disclosed in the company's news releases dated July 15, 2025. The mineral resource estimate for the Texmont project, effective as of April 10, 2025, was prepared following the CIM Definition Standards on Mineral Resources and Reserves (2014), and CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines (2019).

Mark Selby, chief executive officer of Canada Nickel, said: "We have now published six of nine resources. Three additional resources are expected to be published by end of 2025 as we continue to demonstrate the potential of the Timmins nickel district."

The report, dated Aug. 21, 2025, with an effective date of April 10, 2025, is titled, "National Instrument 43-101 Mineral Resource Estimates and Technical report on the Texmont Ni-Co-Pd-Pt Deposit, Texmont Nickel Sulphide project, Timmins Nickel District, Ontario, Canada." The report was prepared for Canada Nickel by Caracle Creek International Consulting Inc. and can be found under the company's issuer profile at SEDAR+.

Qualified person

Stephen J. Balch, PGeo (Ontario), vice-president exploration of Canada Nickel and a qualified person as defined in NI 43-101, has reviewed and approved the scientific and technical information in this news release.

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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