Canada Nickel Company Inc. (TSX-V: CNC) (OTCQX: CNIKF) is pleased to announce it has intersected a significant interval of massive sulphide on its Bannockburn Property located 65 kilometres south of Timmins, Ontario.

CEO Mark Selby said, “We have assembled a very large land package in the Timmins Nickel District which has yielded millions of tonnes of contained nickel resources.  While our focus has been primarily on large scale, bulk tonnage deposits, today’s results clearly highlight our belief in the potential of these properties with their large nickel endowment to also host high grade nickel deposits.  We look forward to seeing the assays from this hole next week, the follow-up geophysics to understand this Bannockburn target in more detail, and upcoming drilling of other geophysical targets around Bannockburn.”

Highlights

• First massive sulphide drilled by Canada Nickel in Timmins Nickel District
• Intersects 3.9 metres of massive sulphide within 12.7 metres of mineralization

Bannockburn Property

The Bannockburn Property is located 65 kilometres south of Timmins and approximately 20 kilometres west of Matachewan, Ontario and is located in the vicinity of the Company’s Midlothian and Sothman properties.  The Company has been primarily focused on the large tonnage, low grade nickel zone (the B-Zone) and has identified a number of new prospective targets which are being tested for higher-grade material.  Historically, higher grade intervals have been drilled at the C-Zone and F-Zone at Bannockburn (Figure 1) and at the nearby Sothman project.

Canada Nickel is conducting an infill drill program on the historically named B-Zone, a bulk tonnage target composed primarily of strongly serpentinized and well mineralized ultramafics. The B-Zone initial resource is expected to be completed by Q2 2025.

Bannockburn F-Zone

Massive sulphides were identified in drillhole BAN24-18 which collared into mafic volcanics and intersected mineralized peridotite at 238 metres downhole. Mineralization within the peridotite was weak at the contact and increased downhole into moderate to strong disseminated nickel sulphide for 8.7 metres and ending with a 3.9 metre section of massive sulphide (see Figures 2a,b,c) before returning to mafic volcanics. An XRF analyzer was used to confirm the presence of nickel in the mineralized intervals. Samples have been submitted for assays and are expected to be available early next week.

The Company was testing the previously identified F-Zone which had been historically drilled by Outokumpu Mining Oy and Mustang Minerals Corp. in the late 1990s and early 2000s and yielded narrow intervals of net-textured and massive sulphide mineralization including 2.8 metres of 2.9% nickel approximately 50 metres east of the current interval.

Canada Nickel is also following up with similar targets inside the B-Zone that were highlighted during a semi-airborne EM survey (drone and ground loop) that was flown during the summer of 2024, performed by Rosor Corp. The survey shows two other higher conductivity/lower resistivity targets within the B-Zone.

Figure 1 – Bannockburn B-Zone and F-Zone, ongoing drill program.

Figure-1—Bannockburn-B-Zone-and-F-Zone–ongoing-drill-program (CNW Group/Canada Nickel Company Inc.)

Figure 2 – BAN24-18, core pictures a (256.1-267 metres) ,b (260.3-263.4 metres),c (select intervals 257.2-262.7 metres )

Figure-2a. (CNW Group/Canada Nickel Company Inc.)

Figure-2b (CNW Group/Canada Nickel Company Inc.)

Figure-2c (CNW Group/Canada Nickel Company Inc.)

Table 1: Logged Intervals BAN24-18

*Visual estimation. For reference, Crawford % sulphide typically between 0.1-1%

Table 2: Drillhole Orientation

Quality Assurance and Control, Drilling and Assaying

Edwin Escarraga, MSc, P.Geo., a “qualified person” as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, is responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality control (QC). The core is collected from the drill in sealed core trays and transported to the core logging facility. The core is marked and sampled at 1.5 metre lengths and cut with a diamond blade saw. One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis performed at SGS Burnaby or SGS Callao (Peru). All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold, platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulphur and other elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are submitted for analysis.

Qualified Person and Data Verification

Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a “qualified person” as such term is defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, 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

Canada Nickel Company Inc. 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^TM, NetZero Cobalt^TM, NetZero Iron^TM 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% owned flagship Crawford Nickel-Cobalt Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please visit www.canadanickel.com.