Mr. Grant Mourre reports

SPC NICKEL APPOINTS DR. MARK BENNETT AS STRATEGIC ADVISOR

SPC Nickel Corp. has appointed Dr. Mark Bennett as a strategic adviser to the company.

Dr. Bennett is one of the most accomplished exploration geologists of his generation, with over 40 years of experience spanning mineral discovery, mine development, and senior executive and board roles across Australia, Canada, West Africa, Europe and the United States. He is best known as the founding chief executive officer and managing director of Sirius Resources, where he led the 2012 discovery of the Nova-Bollinger nickel-copper-cobalt deposit in Western Australia, and guided the company through feasibility, financing, permitting and construction commencement in under three years. Sirius Resources was subsequently acquired by Independence Group (now Igo Ltd.) in 2015 for $1.8-billion (Australian).

Grant Mourre, president and chief executive officer of SPC Nickel, commented: "Bringing Mark on board is a meaningful step forward for SPC Nickel. His expertise in magmatic nickel sulphide systems is directly relevant to our targeting at Muskox, and his ability to recognize and advance world-class deposits will provide an invaluable contribution to our exploration strategy. Beyond his technical credentials, Mark's capital markets relationships and standing in the global mining community reflect the high regard in which he is held across this industry. We are proud to welcome a geologist and mine finder of Mark's stature to the SPC team, and look forward to incorporating his experienced perspective as we advance our field programs at our 100-per-cent-owned Muskox project in Nunavut."

Dr. Bennett commented: "I am excited to be joining the SPC Nickel team as a strategic adviser at this pivotal stage in the company's development. The Muskox intrusion is a genuinely compelling target -- the geological setting, the scale of the land package and the work undertaken to date all point to a system with real discovery potential. I look forward to contributing to the advancement of this exceptional project."

Over the course of his career, Dr. Bennett was also involved in the early-stage exploration of the Wahgnion gold mine in Burkina Faso, played an instrumental role in the discovery of the Thunderbox gold mine and the Waterloo nickel mine in Australia, and has been directly involved in raising over $1-billion in equity and debt financing for exploration and development projects. Dr. Bennett has won the Australian Mining and Exploration Companies' prospector award twice (2002 for the discovery of the Thunderbox gold mine and the Waterloo nickel mine and 2013 for the discovery of the Nova-Bollinger nickel-copper deposits) and in 2014 was named a legend in mining at the International Mining and Resources Conference in Melbourne. Dr. Bennett currently serves as executive chair of S2 Resources, non-executive chair of Falcon Metals and non-executive director of Valkea Resources.

In connection with this appointment, the company has granted 200,000 stock options to Dr. Bennett, with all such stock options vesting immediately and each stock option entitling Dr. Bennett to acquire one common share of the company at an exercise price of 8.5 cents until June 15, 2031.

About the Muskox intrusion

Originally discovered in the 1950s by Inco, SPC Nickel's Muskox project, located in Nunavut, Canada, represents one of the most prospective greenfield polymetallic copper, nickel and platinum group metal projects globally. The district-scale land package (496 square kilometres) covers the majority of the Muskox intrusion, a large, layered mafic-ultramafic body with striking geological similarities to some of the world's most significant copper-nickel-PGM deposits, such as the massive Norilsk-Talnakh deposit.

The Muskox intrusion is one of the largest and least deformed layered mafic to ultramafic bodies in the world. It was emplaced during a large magmatic event (Mackenzie magmatic event) in the Proterozoic by mantle plume volcanism related to the widespread Coppermine River group flood basalts. The intrusion is broadly composed of two distinct, but related, components called the Main Muskox intrusion and the Feeder dike, which combined are exposed over a length of 125 kilometres, and range in width from 200 to 600 metres in the Feeder dike to 11 km in the Main body of the intrusion.

Previous exploration programs completed on SPC Nickel property over a roughly 60-year period identified widespread high-grade polymetallic sulphide mineralization along the basal contact of the intrusion or in the adjacent footwall, similar to the Sudbury and Norilsk-Talnakh camps. Historical drill highlights from the Muskox project include:

• 7.50 metres of 6.14 per cent copper, 2.76 per cent nickel and 9.06 grams per tonne PGM (platinum plus palladium plus gold) by Silvermet Corp. (2007); and
• 13.74 metres of 5.04 per cent Cu, 2.21 per cent Ni and 5.63 g/t PGM by Equinox Resources Ltd. (1987).

These results, combined with an extensive footprint of magmatic sulphide mineralization, historical high-grade drill intercepts, untested geophysical targets and limited modern follow-up, underscore the project's discovery potential.

Quality assurance, quality control and qualified persons

The technical elements of this news release have been approved by Mr. Mourre, PGeo (PGO), chief executive officer and president of SPC Nickel, and a qualified person under National Instrument 43-101.

The historical information shown in this news release was obtained from historical work reports filed by Equinox Resources and Silvermet, and has not been independently verified by a qualified person as defined by National Instrument 43-101.

About SPC Nickel Corp.

SPC Nickel is a Canadian public corporation advancing high-potential Cu-Ni-PGM projects in Tier 1 jurisdictions across Canada. The company's principal assets are its district-scale Muskox project in Nunavut and the Lockerby East project in the Sudbury mining camp, which includes the West Graham resource and the LKE resource.

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