Canada Nickel Supplies Replace on Regional Exploration Program

CEO Mark Selby stated, “We continue to demonstrate the potential of the Timmins Nickel District with today’s drilling results from five separate properties. The results today highlight the shallow, well-mineralized large-scale potential of Mann West. Infill drilling at Reid continues to deliver long well-mineralized intervals and we are on-track for an initial resource at Reid before year end. Mann Central has yielded multiple intervals of well-mineralized peridotite across a 1.9 kilometre strike length.”

Mr. Selby endured, “We typically encounter platinum and palladium precious metals in the Timmins Nickel district, but at our Mann North property, we intersected multiple gold intervals such as 45 metres of 0.45 g/t including 4.5 metres of 2.36 g/t gold.” 

Reid

The Reid quality is situated simply 16 kilometres southwest of Crawford and accommodates a geophysical goal of three.9 sq. kilometres which is just about 2.4 occasions greater than Crawford.

Canada Nickel has finished 26,061 metres from 41 holes drilled right through its 2024 drill program at Reid. The drill campaigns of 2023 and 2024 have delineated a mineralized ultramafic frame with a accident range of two.2 kilometres and width as much as 1.0 kilometres and as much as a intensity of 650 metres inside the central core of the objective geophysical footprint, with a complete of 32,893 metres in 57 drillholes. The paradox extra clear to the north, south and at intensity (see Determine 1).

Assays are offered in this reduce for seven holes, with the effects for seven extra holes pending. All holes drilled intersected lengthy mineralized durations made out of basically dunite and minor peridotite. REI24-46 used to be drilled related the east finish of the ambiguity and intersected focused upper grade nickel mineralization, confirming the perpetuity on accident of no less than one upper grade horizon this is orientated NW-SE.

The Corporate extra heading in the right direction to make an preliminary useful resource at Reid, anticipated prior to age finish 2024.

Desk 1 – Drilling highlights Reid program

Mann Attribute

The Mann quality is situated 22 kilometres east of Crawford between Timmins and Cochrane. The Corporate has finished a drill program in 3 of the 4 recognized boxes inside the quality, Mann North, Mann West (in combination previously Mann Northwest), and Central. (Determine 2). Exploration at Mann South is recently underway.  Canada Nickel recently owns 80% of the Mann Attribute upcoming effectively finishing an previous earn-in commitment with Noble Mineral Exploration. This quality is a part of the foundation of an ‘ExploreCo’ subsidiary with Noble Mineral Exploration (see press reduce July 8, 2024) with Noble proudly owning the alternative 20%.

Mann West  

Mann West is roughly 3.5 kilometres lengthy via as much as 1.1 kilometres large (masking 3.4 sq. kilometres). The drill program has centered at the southern part of the objective with drilling finished over a accident range of one.7 kilometres and a width of no less than 600 metres. All drillholes intersected lengthy divisions of well-serpentinized peridotite and minor dunite with disseminated and optic nickel sulphide mineralization consisting basically of pentlandite and heazlewoodite. The Corporate has drilled 40 holes to time at Mann West (Determine 3), 31 of which have been drilled right through the 2024 program. With this drilling, the Corporate has finished the primary section of exploration this is required for an preliminary useful resource estimate anticipated via Q1 2025. Assays from 9 holes are offered on this reduce, with the residue holes at Mann West nonetheless pending.

Desk 2 – Mann West drilling highlights.

Mann Central

The description of the ultramafic frame at Mann Central is estimated via magnetics to be 4.5 kilometres lengthy and between 0.5 to at least one.0 kilometres large (or 3.1 sq. kilometres). Drilling at this goal used to be finished right through the spring/summer time of 2024 and now totals 32 drillholes and 11,853 metres. Mineralization is extra constant related the middle of the objective over an segment of one.9 kilometres via 600 metres (1.1 sq. kilometres). This reduce supplies an replace for 13 drillholes (Desk 3), all of which intersected various levels of mineralized peridotite with minor pyroxenite dykes.

Mafic volcanics with ample sulphide mineralization within the north touch have been intersected in 8 holes together with MAN24-32 which yielded 3.3 metres of one.03% nickel, 0.31% cobalt, and nil.57 % copper. Assays are nonetheless pending for 10 drillholes and the effects from 9 drillholes have been in the past exempt (see press reduce September 10, 2024).

Desk 3 – Mann Central drilling highlights.

Mann North

The Mann North goal is roughly 1.5 kilometres lengthy via 600 metres large (0.9 sq. kilometres) (Determine 4). Drilling used to be finished right through the summer time of 2024 and consisted of a initial exploratory section of 16 drillholes totaling 6,315 metres. Nearly all of those holes intersected lengthy divisions of peridotite, with minor dunite (Desk 4) with nickel grades within the peridotite in step with Crawford. The peridotites, on the other hand, have anomalous values of platinum (Pt) and palladium (Pd) over important durations, as revealed on Desk 5. Hollow MAN24-31, as an example, intersected 12.7 metres of 0.58 g/t Pt+Pd and MAN24-50 intersected 16.7 metres of 0.50 g/t Pt+Pd.

Along with the anomalous Pt and Pd, the ultramafic devices at Mann even have upper values for gold, particularly related sure contacts. The intersections will also be prime grade and slim comparable to in MAN23-12 which intersected 4.93 g/t gold over 1.5 metres or will also be thicker and decrease grade comparable to in MAN24-67 which intersected 0.45 g/t gold over 45.0 metres. 9 of 15 of the drillholes at Mann North assayed to time come with gold intersections of 0.4 g/t gold or upper. Important intersections are summarized in Desk 6. 

Assays are pending for 3 residue holes.

Desk 4 – Mann North drilling highlights

Desk 5 – Mann Homes PGM Highlights

Desk 6 – Mann Homes Gold Highlights

Reaume

The Reaume quality is situated 20 kilometres northeast of Crawford, 15 kilometres southwest of Cochrane, and 55 kilometres northeast of Timmins. The quality will method a part of the ExploreCo subsidiary belongings with Noble on an 80%-20% (Canada Nickel-Noble) possession foundation. Prior drill campaigns in 2022 had seasonal get admission to constraints, on the other hand, in June 2024, the Corporate resumed exploration and intersected a mineralized portion of the ultramafic frame consisting of reasonable to strongly serpentinized peridotite containing spotty, coarse-grained awaruite mineralization in hollow REU24-12 (Determine 7). This reduce accommodates the result of 3 drillholes at Reaume with assay effects pending on two residue holes.

Desk 7– Reaume drilling highlights.

Desk 8 Reaume PGM Highlights

Desk 9: Drillhole Orientation

Issuance of Stocks to Carrier Supplier

The Corporate additionally proclaims that it has entered into an engagement commitment (the “Services Agreement”) with a third-party carrier supplier (the “Service Provider”), pursuant to which the Carrier Supplier has indubitably to lend sure consulting and advisory products and services (the “Services”) for a length of 1 age.. Pursuant to the Products and services Word of honour, the Corporate has indubitably to factor 150,000 habitual stocks of the Corporate (the “Service Shares”) to the Carrier Supplier as a one-time cost for the Products and services.

The Issuance of the Products and services Stocks is topic to the prior benevolence of the TSX Mission Alternate. The Carrier Stocks can be topic to conserve length underneath Canadian securities rules, which can expire at the time this is 4 months and one month from the time of issuance.

Commentary Relating to TSX Mission

Neither TSX Mission Alternate nor its Law Products and services Supplier (as that time period is outlined in insurance policies of the TSX Mission Alternate) accepts accountability for the adequacy or accuracy of this reduce.

Component Contract and Regulate, Drilling and Assaying

Edwin Escarraga, MSc, P.Geo., a “qualified person” as outlined via Nationwide Device 43-101, is liable for the on-going drilling and sampling program, together with property agreement (QA) and property keep watch over (QC). The core is accrued 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 snip with a diamond blade noticed. One prepared of samples is transported in fasten luggage without delay from the Canada Nickel core shack to Actlabs Timmins, year a 2nd prepared of samples is securely shipped to SGS Lakefield for preparation, with research carried out at SGS Burnaby or SGS Callao (Peru). All are ISO/IEC 17025 approved labs. Research for valuable metals (gold, platinum and palladium) are finished via Hearth Assay year research for nickel, cobalt, sulphur and alternative parts are carried out the use of a peroxide fusion and ICP-OES research. Qualified requirements and blanks are inserted at a fee of three QA/QC samples according to 20 core samples creating a quantity of 60 samples which might be submitted for research.

Certified Individual and Information Verification

Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a “qualified person” as such time period is outlined via Nationwide Device 43-101, has verified the knowledge disclosed on this information reduce, and has another way reviewed and authorized the technical data on this information reduce to the behalf of Canada Nickel Corporate Inc.

About Canada Nickel Corporate

Canada Nickel Corporate Inc. is advancing the nearest time of nickel-sulphide tasks in order nickel required to feed the prime enlargement electrical automobile and chrome steel markets. Canada Nickel Corporate has implemented in more than one jurisdictions to trademark the phrases NetZero Nickel^TM, NetZero Cobalt^TM, NetZero Iron^TM and is pursuing the improvement of processes to permit the manufacturing of internet 0 carbon nickel, cobalt, and iron merchandise. Canada Nickel supplies traders with leverage to nickel in low political chance jurisdictions. Canada Nickel is recently anchored via its 100% owned flagship Crawford Nickel-Cobalt Sulphide Challenge within the middle of the prolific Timmins-Cochrane mining camp. For extra data, please discuss with www.canadanickel.com.

For additional data, please touch:

Mark Selby
CEO
Telephone: 647-256-1954
E mail: [email protected]   

Cautionary Commentary Regarding Ahead-Having a look Statements

This press reduce accommodates sure data that can represent “forward-looking information” underneath acceptable Canadian securities law.  Ahead searching data comprises, however isn’t restricted to, drill and exploration effects in relation to the objective houses described herein (the “Properties”), the importance of drill effects, the facility to proceed drilling, the have an effect on of drilling at the definition of any useful resource, the potential for the Crawford Nickel Sulphide Challenge and the Homes, timing and of entirety (if in any respect) of mineral useful resource estimates, the facility to promote marketable fabrics, strategic plans, together with date exploration and building plans and effects, company and technical goals, receipt of TSX Mission Alternate benevolence for the purchase described herein and the of entirety of the transaction.  Ahead-looking data is essentially based totally upon a number of guesses that, year regarded as cheap, are topic to identified and unknown dangers, uncertainties, and alternative elements which might motive the original effects and date occasions to fluctuate materially from the ones expressed or implied via such forward-looking data.  Elements that would have an effect on the end result come with, amongst  others:  date costs and the provision of metals, the date call for for metals, the result of drilling, incapability to boost  the cash vital to incur the expenditures required to stock and proceed the quality, environmental liabilities  (identified  and  unknown), normal industry, financial, aggressive, political and social uncertainties, result of  exploration methods, dangers of the mining business, delays in acquiring governmental approvals, failure to procure  regulatory or shareholder approvals. There will also be disagree agreement that such data will turn out to be correct, as original effects and date occasions may fluctuate materially from the ones expected in such data.  Accordingly, readers must no longer park undue reliance on forward-looking data.  All forward-looking data contained on this press reduce is given as of the time hereof and is based totally upon the critiques and estimates of control and data to be had to control as on the time hereof.  Canada Nickel disclaims any aim or legal responsibility to replace or revise any forward-looking data, whether or not as a result of untouched data, date occasions or another way, with the exception of as required via regulation.

SOURCE Canada Nickel Corporate Inc.

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