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Canada Nickel says latest results at Midlothian confirm significant discovery

Jul 11, 2023

“These outstanding Midlothian results, with all holes showing good nickel grades across long mineralized intervals of multi-hundred metres that start less than ten metres from surface, confirm Midlothian as a significant discovery," Mark Selby, CEO of Canada Nickel commented,  "Midlothian is one of our ten properties with a target geophysical footprint larger than Crawford and these latest results further confirm the success of our geophysical targeting approach. As well, these latest samples with high brucite content also demonstrate the potential for substantial carbon storage at Midlothian utilizing the In-Process Tailings (“IPT”) Carbonation process the Company is developing.”

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today released assay results from the final three of four holes drilled on its Midlothian Property. Canada Nickel can earn a 100% interest in the Property through a combination of cash payments, share issuances, exploration expenditure requirements and a net smelter returns royalty as part of an Option Agreement with Canadian Gold Miner Corp. and Laurion Mineral Exploration Inc.

Midlothian Property

The Midlothian property is located 70 kilometres south-southeast of Timmins, 25 kilometres west of Matachewan and is directly accessible by road. Four drillholes were completed during the winter of 2023. All four holes intersected mineralized dunite at shallow depths (Figure 1). These holes were drilled on a target measuring 2.7 kilometres long and 0.4 to 0.9 kilometres wide with a target footprint of 1.7 km2 (compared to Crawford resource of 1.5 km2). This release contains assay information on the last three holes. (see MID23-01 assay results on May 24, 2023 release, and nickel-bearing mineralogy on April 13, 2023 release for earlier results).

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