Mr. Mark Selby reports

CANADA NICKEL ANNOUNCES SHARE-BASED COMPENSATION GRANT

Canada Nickel Company Inc. has granted to certain directors, officers and/or employees with respect to performance in the fiscal year ending Oct. 31, 2025, a total of: (i) 1.9 million stock options to acquire common shares of the company; (ii) 1.9 million restricted share units to be settled in common shares of the company (RSUs); (iii) 1.9 million restricted share units with performance-based vesting conditions to be settled in cash only (cash-settled RSUs); (iv) 750,000 deferred share units that vest and settle in accordance with the terms of the DSU (deferred share unit) plan approved on May 28, 2025.

The options have an exercise price of $1.16 per common share and a five-year term from the date of grant and vest annually in equal thirds beginning on the first anniversary of the date of grant. The RSUs vest annually in equal thirds beginning on the first anniversary of the date of grant. The cash-settled RSUs will vest in their entirety upon the board of directors' approval to commence construction of the Crawford project. If a construction decision on the Crawford project is not made within one year from the date of grant, the cash-settled RSUs may vest annually in equal thirds beginning on the first anniversary of the date of grant depending on certain market parameters established by the board.

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-cobalt sulphide project in the heart of the prolific Timmins nickel district.

We seek Safe Harbor.