Mr. Mark Selby reports

CANADA NICKEL ANNOUNCES AUSENCO AS LEAD ENGINEERING CONSULTANT FOR DETAILED ENGINEERING OF THE CRAWFORD NICKEL SULPHIDE PROJECT

Canada Nickel Company Inc. has awarded Ausenco Engineering Canada ULC a contract to commence detailed engineering for the process plant and supporting infrastructure at the company's Crawford nickel sulphide project, and to provide overall project support as the company targets commencing construction on Crawford by year-end.

Mark Selby, chief executive officer of Canada Nickel Company, said: "After receiving significant endorsements from the federal government with the referral to the Major Projects Office, and last week's announcement naming Crawford to Ontario's 'One Project, One Process' framework, we are very pleased to move to this next stage in Crawford's development with Ausenco, a global engineering and consulting leader. Ausenco brings extensive experience to the project, having partnered with us since the completion of a preliminary economic assessment in 2020, the feasibility study in 2023 and front-end engineering design in 2025. I look forward to continuing our collaboration with Ausenco, whose exceptional track record in the design and delivery of large-scale sulphide processing projects will be invaluable as we progress."

Desmond Tranquilla, vice-president of capital projects, added: "I am excited to continue our long-term relationship with Ausenco as we build an integrated project team to lead the delivery of the Crawford nickel project. Having played a key role in the successful delivery of the Detour gold project in this region, I have seen firsthand the effectiveness of this collaborative delivery model across a number of projects across Canada during the past decade. Our senior project management has been involved in the project through feasibility study and front-end engineering design to ensure a seamless transition into project delivery. I look forward to building out the rest of our team as we advance this nation-building project."

Yan Jin, vice-president, GTA at Ausenco, said: "We're thrilled to see the Crawford nickel sulphide project move closer to construction and to keep partnering with Canada Nickel to bring this nation-building project to life. We'll leverage our deep understanding of the project and proven experience delivering large-scale greenfield processing plants in Ontario to deliver a capital-efficient design that supports successful execution and long-term, sustainable operations."

Qualified person and data verification

Stephen J. Balch, PGeo (Ontario), vice-president of exploration of Canada Nickel and a qualified person within the meaning of National Instrument 43-101, has verified the data disclosed in this news release, and has otherwise reviewed and approved the technical information in this news release on behalf of Canada Nickel.

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, 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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