Canada Nickel adds to Timmins story with discovery at Mann Northwest Property

“Our regional exploration program continues to deliver with today’s confirmation of another discovery at Mann Northwest, part of Canada Nickel’s Timmins Nickel District," said Mark Selby, CEO of Canada Nickel. "Mann Northwest has a target footprint more than three times that of Crawford and is one of eleven properties with a target footprint larger than Crawford. Three additional holes extended the strike length of mineralization by more than 1,100 metres to 2,650 metres, and assays from first five holes confirmed grades in line with expectations.”

Canada Nickel Company Inc. released drilling results from a further three holes and assay results from the first five of eight holes drilled on its Mann Northwest Property located in the prolific Timmins Nickel District in Ontario.

The Mann property is located 22 kilometres east of Crawford, 20 kilometres south of Cochrane, and 45 kilometres northeast of Timmins. Canada Nickel has an ability to earn an 80% interest in the property owned by Noble Minerals (see press release November 22, 2021). Drilling began at Mann Northwest, which has a target footprint of 6.0 km2, - compared to Crawford target footprint of 1.6 km2 (see Figure 1).

Drilling started in the Northwest zone, with a total of eight holes drilled, all of them intersecting mineralized sections of predominantly well serpentinized peridotite and minor dunite. This release discloses assay results from the first five drillholes, assays for the other three drillholes are pending (Table 1)

The first five holes delineated mineralization along 1,150 metres of strike length and a width of at least 500 metres. The additional three holes, extended the potential strike length to 2,650 metres. The target remains open in all directions.
MAN23-01 drilled to the southwest and intersected peridotite from top to bottom only interrupted by 23.5
metres of pyroxenite with 0.44 g/t Pt+Pd. Initial samples were taken for mineralogical testing (QEMSCAN),
confirming samples are very well serpentinized with varying amounts of Heazlewoodite and Pentlandite.
MAN23-02 intersected 348.5 metres at 0.23% Ni in peridotite and finished in 28.9 metres of 0.52g/t Pt+Pd
in pyroxenite.
MAN23-03 drilled to the northeast and intersected mineralized peridotite at the top and dunite at the
bottom, with an average grade of 0.23% Ni over 291.5 metres. The hole ended in dunite at 402 metres only
interrupted by diabase dykes near the bottom.
MAN23-04 drilled near the southern end of the target and intersected 301.5 metres of peridotite with 0.18%
Ni, followed by 16 metres of 0.41 metres of Pt+Pd in pyroxenite.
MAN23-05 drilled to the southwest and intersected a sequence of peridotite with minor dunite and pyroxenite. The hole assayed 366.5 metres of 0.20 Ni, including 11.0 metres of 0.44 g/t Pt+Pd. Hole ended
in mineralized peridotite.
MAN23-13 drilled to the southwest approximately 750 metres northwest of MAN23-05. The hole intersected 404.5 metres of interlayered dunite, peridotite and pyroxenite with predominantly moderate to strong serpentinization.
MAN23-14 drilled to the northeast collaring and terminating in mineralized dunite with intervals of peridotite. The hole is moderate to well mineralized and moderate to well serpentinized across core
length of 390.0 metres.
MAN23-15 drilled to the northeast testing a fold hinge of a major structure, it intersected 415 metres of a sequence of dunite, peridotite, pyroxenite and gabbro. The hole has sections of very well mineralized and well serpentinized ultramafic.

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