North American Nickel Inc. (TSX-V: NAN) (OTCQB: WSCRF) (CUSIP: 65704T 108) is pleased to report that assays have been received from four drill holes completed to test the P-008 target on the Company’s 100% owned Maniitsoq nickel-copper-cobalt-PGM sulphide project in southwest Greenland.

Highlights include:

• MQ-18-167: 7.50m @ 1.26% Ni, 0.24% Cu, 0.05% Co and 0.47 g/t Pt+Pd+Au including
  • 5.10m @ 1.68% Ni, 0.29% Cu, 0.06% Co and 0.63 g/t Pt+Pd+Au
• P-008 represents a newly discovered zone of classic Maniitsoq high tenor nickel sulphide mineralization within the 75km long Greenland Norite Belt where multiple zones of Ni-Cu-Co sulphide mineralization have been previously identified.
• Drilling and electromagnetic (EM) data has indicated a 335 metre dip-extent to the mineralization that remains open down dip and along strike.
• Drilling and borehole electromagnetic (BHEM) results show that the P-008 zone is comprised of both strongly conductive high grade remobilized sulphides and, less conductive disseminated to blebby sulphides that are typical of the Maniitsoq style of mineralization.

The primary objective for the 2018 exploration program was the effective execution of work designed to identify a large Ni-Cu-Co-PGE sulphide mineral system in association with some of the most heavily mineralized and differentiated intrusions. Within these intrusions, the pyroxene-rich melanorites representing the principal target rock type is known to contain high grade nickel mineralization associated with high nickel tenor. Deep-penetrating high-power EM combined with an understanding of the geological configuration of the intrusions was used to focus exploration activities.

North American Nickel Consulting Chief Geologist, Peter Lightfoot states: “The mineralization encountered in three of the four holes at P-008 comprise disseminated interstitial sulphide mineralization within a melanorite host grading through breccia sulphides to semi-massive sulphides. The mineralization has a systematic high Ni tenor ranging from 6.5 to 7.7 wt% Ni in 100% sulphide in both disseminated and massive sulphide types. The low grade disseminated sulphides encountered in the fourth hole have much lower sulphide Ni tenors and appear not to belong to the same zone.”

Four holes totalling 1,171 metres were completed at the P-008 target located 4.3 km south of the Fossilik area within the central portion of the Greenland Norite Belt (Figure 1). The initial two holes (MQ-18-162 and 163) successfully targeted a surface EM plate. MQ-18-167 was a 65m down-dip step-out hole that targeted BHEM plates modeled from MQ-18-163; the results from this hole indicated that mineralization improved with depth. MQ-18-177 was a 130m step-out from MQ-18-167 along the indicated plunge of mineralization. MQ-18-177 was bored to a maximum depth of 443m which was only limited by the capacity of the diamond drill. MQ-18-177 deviated to the right and drilled outside the plunge of the mineralization.

Drill collar information and a summary of assays are provided in Tables 1 and 2 respectively. A vertical cross section is shown in Figure 2. Figures may be viewed using the link provided at the end of this release.

Table 1: Drill Collar Information, P-008

Note: Collar coordinates in UTM WGS84 Zone 22N
*-Hole was terminated at the maximum depth capacity of the diamond drill.

Table 2: Assay Results, P-008

Note: Intervals represent core lengths, not necessarily true widths.
NSA – No Significant Assays
*Hole was terminated at the maximum depth capacity of the diamond drill.

The newly discovered P-008 sulphide zone dips steeply to the south and, has been intersected by four holes over a dip extent of 335 metres (Figure 2). This new zone is located southeast of the main Fossilik intrusion area which contains multiple zones of high-grade Ni-Cu-Co sulphide mineralization extending from surface to vertical depths of 435m and interpreted beyond to depths of 650m based on BHEM results (See Press Release dated November 23, 2017).

The P-008 zone is characterized by high nickel tenors (percent nickel re-calculated into 100% sulphides), between 6.5% – 7.7% (composited intervals) and contain elevated copper and precious metals values. The overall footprint of the mineralization comprises both high grade remobilized breccia like sulphides which exhibit strong BHEM responses as well as disseminated to blebby sulphides.

“Technical Information; Qualified Person”

The Company is not aware of any legal, political, environmental or other risks that could materially affect the potential development of the project other than those set out in its annual information form filed on www.sedar.com. Please see below under the heading “Cautionary Note Regarding Forward-looking Statements” for further details regarding risks facing the Company.

All technical information in this release has been reviewed and approved by Peter C. Lightfoot, Ph.D., P.Geo. (Consulting Chief Geologist), who is the Qualified Persons for the Company.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland and Sudbury, Ontario.

The Maniitsoq property in Greenland is a Camp scale permitted exploration project comprising 2,985 square km covering numerous high-grade nickel-copper + cobalt sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland accessible from the existing Seqi deep water port with an all year-round shipping season and hydroelectric power potential from a quantified watershed.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.