Highlights

(All amounts in US dollars, unless otherwise indicated)

TORONTO, Oct. 12, 2023 /PRNewswire/ - Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today released results from the Bankable Feasibility Study ("BFS") for its innovative and wholly-owned Crawford Nickel Sulphide Project ("Crawford"), confirming significantly improved economics from its Preliminary Economic Analysis ("PEA"), with an after-tax NPV_8% of $2.5 billion and IRR of 17.1%. The BFS was prepared by Ausenco Engineering Canada Inc. ("Ausenco") in accordance with National Instrument 43-101 ("NI 43-101").