Mr. Mark Selby reports

CANADA NICKEL PROVIDES CORPORATE UPDATE

Further to the news release dated May 7, 2026, Canada Nickel Company Inc. has confirmed that the 3.5 million common share purchase warrants granted to Auramet International Inc. in connection with the extension of the company's $32-million (U.S.) loan facility have an exercise price of $1.81 per common share, determined in accordance with the previously disclosed pricing formula and the requirements of the TSX Venture Exchange.

About Canada Nickel Company Inc.

Canada Nickel 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 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-cobalt sulphide project in the heart of the prolific Timmins-Cochrane mining camp.

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