Mr. Mark Selby reports

CANADA NICKEL ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FOR GROSS PROCEEDS OF C$15 MILLION

Canada Nickel Company Inc. intends to complete a non-brokered private placement for gross proceeds of $15-million. The offering will consist of 10 million units of the company to be issued at a price of $1.50 per unit.

Each unit will consist of one common share of the company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the company at a price of $2.25 at any time for a period of 36 months following the issue date.

Mark Selby, chief executive officer of Canada Nickel, commented: "Today's funding allows the company to continue advancing our Crawford nickel project towards a construction decision next year while we continue to work on various financing initiatives, which we expect to be completed later this fall."

The units are being offered to purchasers outside of Canada pursuant to an exemption from the prospectus requirements in Canada available under Ontario Securities Commission Rule 72-503 (Distributions Outside Canada), and, accordingly, the securities to be issued pursuant to the offering to purchasers outside of Canada are not expected to be subject to a four-month hold period in Canada.

The company plans to use the net proceeds of the offering to support permitting and engineering activities for the advancement of the company's projects, repayment of outstanding indebtedness, and working capital and general corporate purposes.

The closing of the offering is subject to certain customary conditions, including the execution of definitive documents and the receipt of all necessary approvals, including the approval 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 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.

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