Canada Nickel Company Inc V.CNC

RE:Assays...

[grm9727]

DrNo, this came out the other week, not sure if it helps with your question.

Canada Nickel Announces Discovery of Higher Grade Core at Crawford East Zone

Highlights

•  Infill drilling identified an extensive Higher-Grade Core in the East Zone, similar to the Main Zone.

•  The higher grade cores span combined strike length of 1.6 kilometres, a width of 20 to 50 metres, to a depth of 690 metres.

•  Drilling in the East Zone has successfully infilled and extended strike length to a total of 2.1 kilometres, substantially larger than previously reported resource.

  Hole 142A averaged 0.31% Ni across its entire 576 metre core length, ending in mineralization. Hole 165A (assays pending) was mineralized across its entire 690 metre core length, ending in higher grade mineralization at 735 metres. Five other holes recently completed intersected drill intervals of up to 216.6 metres of higher grade mineralization.

 Samples from East Zone Higher Grade Core yielded the highest grade concentrate from Crawford during metallurgical work reported for the previously released Preliminary Economic Assessment with 43% of the recovered nickel reporting to a 55% nickel concentrate.

TORONTO, October 26, 2021 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) today announced the results from the infill drilling program at its Crawford Nickel-Sulphide Project (“Crawford” or the “Project”), which included the discovery of a higher-grade core in the East Zone. The East Zone has now been successfully tested for 2.1 km of its overall 3.2 km interpreted strike length.

Mark Selby, Chair and Chief Executive Officer commented, “The East Zone is becoming a significant resource. The most recent infill and expansion drilling at the Crawford East Zone continues to confirm our target of increasing the East Zone resource by 2-3x and the identification of an extensive Higher Grade Core, similar to the Main Zone, has been an exciting development. This East Zone core has yielded intervals of both high-grade nickel and PGMs and the latest two holes (CR21-142A, CR21-165A), which were drilled to test this higher-grade mineralization at depth, remained in higher grade mineralization to the end of each hole at 624 and 735 metres deep respectively – more than 100 metres below the current resource. I look forward to the resource update on the Main, East, and North zones next year to support the feasibility study expected to be delivered later in 2022.”

Crawford East Zone

In the East Zone, an additional 6 holes have assays reported, a further 22 holes have been drilled with assays pending. Infill drilling is expected to continue for the balance of the current year to contribute to the resource update next year that will support the feasibility study. Infill drilling, deeper drilling, and drilling beyond the resource outline along strike have all demonstrated continuity for a distance of 2.1 kilometres.

The Higher Grade Core was identified during a drill program intended to expand the current resource and was

1

present in previous holes (CR20-28, CR19-31, CR20-33, CR20-34, CR20-35, CR20-36, CR20-37, CR20-39, CR21-112) but was thought to be discontinuous. Additional drilling is consistent with the Company’s belief that this core is more continuous and centered along the East Zone, much like the higher-grade core of the Main Zone. See Figures 1 and 2 below. This Higher-Grade Core remains open at depth and along strike.

Figure 1 – Plan View of East Zone Nickel - Drilling Results overlain on total field magnetic intensity, Crawford Nickel-Cobalt Sulphide Project, Ontario

The western portion of the higher grade core extends for 0.9 kilometres, extends from surface in some places to a depth of 730 metres (see Figure 1 above, and Figure 2 below for views of this structure).

The eastern portion of the higher grade core extends for 0.7 kilometres, extends from surface in some places to a depth of 280 metres, with more planned drillholes targeting depth extension (see Figure 1 above, and Figure 2 below for views of this structure).

Crawford East Zone Metallurgical Work

Sample EZ-33-V15, from hole CR20-33 from 327 to 349 metres (which is now part of the East Zone Higher Grade Core) and averaged 0.36% nickel, 0.08% sulphur, 0.201 g/t palladium, and 0.047 g/t platinum yielded the highest- grade concentrate produced during the PEA testwork program with 43% of the recoverable nickel in final concentrates reporting to a high grade nickel concentrate grading 55% nickel.