Mr. Mark Selby reports

CANADA NICKEL PROVIDES CORPORATE UPDATE

Canada Nickel Company Inc. has extended the repayment date of the $32-million (U.S.) loan facility originally announced Feb. 6, 2026, with Auramet International Inc. from May 9, 2026, to Aug. 9, 2026.

Mark Selby, chief executive officer and director of Canada Nickel Company, said: "I am pleased with this continued support from Auramet extending the loan facility to Aug. 9, 2026. We continue to make excellent progress on permitting for our Crawford project, and we remain firmly on track to receive the federal permitting decision this summer. We also continue to make excellent progress on multiple financing initiatives, which we expect to be completed this summer."

Loan extension

In connection with the extension of the repayment date of the loan, the company will pay an extension fee of $824,257 (U.S.) and will grant 3.5 million common share purchase warrants by May 9, 2026, to Auramet. Each extension warrant is exercisable to acquire one common share of the company at an exercise price equal to a 5-per-cent premium over the five-day volume-weighted average price of the common shares on the TSX Venture Exchange ending on May 8, 2026, subject to compliance with the pricing requirements of the TSX Venture Exchange, for a period of 12 months following the date of issuance.

In connection with the extension of the repayment date of the loan, the 1.75 million common share purchase warrants with an exercise price of $2.03 per share previously issued by the company to Auramet on Feb. 6, 2026, in connection with the initial loan advance, were cancelled and rendered ineffective pursuant to the requirements of the TSX Venture Exchange.

Engagement of Rose & Company Holdings LLC

The company also signed an agreement on March 9, 2026, to retain Rose & Company to provide certain investor relations services to the company, including investor outreach and engagement, in accordance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

Under the agreement, the company will pay Rose & Co. $62,500 (U.S.) per quarter for a term of one year, payable from the company's cash on hand. The company will also reimburse Rose & Co. for all reasonable out-of-pocket expenses incurred on the company's behalf. The company has a one-time right to terminate the agreement after six months. Rose & Co. will not receive any equity compensation for its services. Rose & Co. is at arm's length to the company, and, to the knowledge of the company, neither holds any securities of the company, nor has any interest, direct or indirect, in the company.

Property share issuances

The company continues to consolidate its landholdings in the Timmins nickel district.

The company has entered into an amending agreement amending a previous option agreement. The purpose of the amending agreement is to delay certain payments under the option agreement, and, as consideration, the company has made a cash payment of $75,000 to the optionors, and will issue 5,000 common shares, subject to TSX Venture Exchange approval.

The company also entered into a purchase and sale agreement with arm's-length vendors to acquire a 100-per-cent interest in certain mineral claims located in the Cochrane district in Northern Ontario. As consideration, the company will pay $2,400 in cash and issue 30,000 common shares to the vendors, subject to TSX Venture Exchange approval.

About Auramet International Inc.

Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 350 years combined industry experience. It is one of the largest physical precious metal merchants in the world and has provided over $1.3-billion in term financing facilities to date. Auramet offers a full range of services, including physical metal trading, metal merchant banking (including direct lending) and project finance advisory services to all participants in the precious metal supply chain.

About Rose & Company Holdings LLC

Rose & Co. is a privately owned New York-based strategic advisory firm dedicated to evaluating, defining and executing strategies to enhance its presence in increasingly globalized and complex capital markets. The Rose & Co. team has decades of capital market experience from prominent Wall Street firms, including Dahlman Rose & Company, Barclays, Morgan Stanley, and Deutsche Bank. Rose & Co. provides its clients comprehensive services focused on generating positive investor response through investor outreach and engagement.

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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