Canada Nickel Reports Continued Exploration Success at Reid, Mann West and Deloro
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Canada Nickel Reports Continued Exploration Success
at Reid, Mann West and Deloro
Highlights
• Mann West – successful final three holes, Mann West initial resource to be published in June
o 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65
• Reid – successful infill drilling program to support an updated resource by year-end 2025
o 0.27% nickel over 711 metres including 0.45% nickel over 39 metres within 0.37%
nickel over 120 metres in REI24-70
• Deloro – successful infill drilling with shallow overburden to support updated resource by
year-end 2025
o 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with
mineralization starting at 6 metres below surface
TORONTO, May 28, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC)
(OTCQX: CNIKF) is pleased to announce additional exploration drilling results from the Reid, Mann West
and Deloro properties.
CEO Mark Selby said, “The Timmins Nickel District continues to deliver excellent exploration results from
Reid, Mann West and Deloro. We look forward to initial resources from three of our projects (Mann West,
Mann Central, and Texmont) in June 2025. The results from Reid continue to show impressive continuity
for both the overall mineralization and higher-grade zones, and Deloro continues to deliver excellent
intervals with shallow overburden. The results will support conversion of potential resources at both
projects, and we expect to publish updated resources by year-end 2025. I am excited by our ongoing and
clear demonstration of the potential of the Timmins Nickel District, with six resources to be published by
the end of June and three additional resources to be published through the remainder of 2025.”
Reid Project
Highlights:
• 0.27% nickel over 711 metres, including 0.45% nickel over 39 metres within 0.37% nickel over
120 metres in REI25-70
• 0.27% nickel over 620.0 metres, including 0.38% nickel over 21.0 metres within 178.0 metres
of 0.30% in REI24-59
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The initial mineral resource for Reid was published in late 2024 by Canada Nickel (see news release dated
December 23, 2024). Since that time, drilling has continued with the goal of adding to the resource in the
Measured, Indicated and Inferred categories. Assays from the last three drillholes of the 2024 campaign
are presented here (see Table 1 and Figure 1).
Reid is a large serpentinized ultramafic consisting mainly of dunite and minor peridotite with multiple
intervals of higher-grade nickel mineralization. Near the centre of the intrusion is the “Central Dyke
Corridor” which has slightly lower grades of nickel that are interrupted by north-south oriented dykes.
Twenty-eight additional drillholes were completed in the spring of 2025 at Reid, with eight drillholes
presented in this release. These holes all intersected long mineralized intervals comprised mainly of dunite
and minor peridotite. REI24-59 and REI25-70 were both drilled in the western half of the geophysical
target where it intersected higher grade nickel mineralization, confirming the continuity on strike of one
higher grade horizon that is oriented west-northwest to east-southeast. Drilling through the Central Dyke
Corridor encountered thick intervals of mineralization including REI25-68 which intersected 0.28% nickel
over 471.6 metres. Twenty drillholes remain to be released with assays pending.
Table 1 – Reid drilling highlights
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
Main Area
REI24-59 34.0 654.0 620.0 0.27 0.012 0.013 0.006 0.68 5.73 0.07
including 61.0 82.0 21.0 0.38 0.013 0.018 0.010 0.69 6.71 0.19
and 299.0 477.0 178.0 0.30 0.013 0.024 0.010 0.65 5.78 0.10
REI25-61 47.3 160.0 112.7 0.24 0.012 0.004 0.003 0.62 6.22 0.03
and 169.5 651.0 481.5 0.26 0.012 0.003 0.003 0.70 5.99 0.04
REI25-62 45.0 139.3 94.3 0.23 0.012 0.004 0.004 0.63 6.31 0.03
and 154.5 314.8 160.3 0.22 0.013 0.003 0.003 0.55 6.45 0.03
and 361.5 528.0 166.5 0.27 0.012 0.003 0.003 0.71 5.77 0.03
REI25-64 27.0 279.6 252.6 0.25 0.012 0.010 0.007 0.76 6.20 0.03
and 325.0 522.0 197.0 0.22 0.012 0.004 0.004 0.80 6.33 0.04
REI25-66 27.0 312.0 285.0 0.13 0.014 0.006 0.008 0.44 8.03 0.04
and 312.0 321.0 9.0 0.03 0.007 0.533 0.480 0.31 5.74 0.11
and 420.8 468.0 47.2 0.16 0.012 0.003 0.003 0.59 6.53 0.07
REI25-67 28.0 203.5 175.5 0.17 0.013 0.004 0.005 0.55 7.03 0.04
and 213.0 369.0 156.0 0.11 0.014 0.028 0.034 0.40 8.67 0.06
and 369.0 375.0 6.0 0.04 0.010 0.533 0.503 0.37 8.00 0.04
and 408.5 501.0 92.5 0.22 0.011 0.003 0.003 0.71 6.13 0.05
REI25-70 27.0 738.0 711.0 0.27 0.012 0.010 0.008 0.73 5.63 0.05
including 267.0 387.0 120.0 0.37 0.014 0.031 0.024 0.74 5.66 0.09
including 268.5 307.5 39.0 0.45 0.016 0.025 0.011 0.85 6.01 0.13
Central Dyke Corridor
REI24-60 27.0 466.8 439.8 0.22 0.012 0.005 0.004 0.67 5.72 0.03
including 348.0 355.5 7.5 0.44 0.015 0.078 0.037 0.58 5.81 0.12
and 514.3 648.0 133.7 0.28 0.012 0.003 0.003 0.74 5.32 0.03
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REI25-63 25.8 189.5 163.7 0.25 0.012 0.006 0.006 0.76 6.54 0.03
and 214.1 302.7 88.6 0.19 0.013 0.004 0.007 0.62 8.24 0.03
REI25-68 108.5 351.0 242.5 0.23 0.012 0.003 0.003 0.67 6.00 0.03
REI25-69 31.0 502.6 471.6 0.28 0.012 0.012 0.007 0.79 5.75 0.03
including 192.0 330.0 138.0 0.33 0.013 0.031 0.014 0.74 5.64 0.05
including 198.0 220.5 22.5 0.45 0.014 0.030 0.011 0.76 5.78 0.10
*True width undetermined. All lengths are drillhole lengths.
Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity
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Mann Property
The Mann property is located 22 kilometres east of Crawford between Timmins and Cochrane, and is 80%
owned by Canada Nickel and 20% by Noble Mineral Exploration through a company called East Timmins
Nickel Ltd. The property hosts four separate targets: Mann North, Mann West, Mann Central and Mann
South.
Mann West
Highlights:
• 0.33% nickel over 52 metres within 480 metres of 0.27% nickel in hole MAN24-65
Mann West is approximately 3.5 kilometres long by up to 1.1 kilometres wide (covering 3.4 square
kilometres). Drilling focused on the southern half of the target and is now completed over a strike length
of 1.7 kilometres and a width of at least 600 metres. The most recent drilling intersected long sections of
well-serpentinized peridotite and minor dunite with disseminated and visible nickel sulphide
mineralization consisting primarily of pentlandite and heazlewoodite. The Company has drilled a total of
39 holes at Mann West , 31 of which were drilled during the 2024 campaign (Figure 2). The company is
currently working on an initial resource estimate expected in June 2025. Assays from the last three holes
are presented in this release (Table 2).
Figure 2. – Mann West – CNC Drillholes Over Total Magnetic Intensity
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Table 2 – Mann West drilling highlights
Hole ID From
(m)
To
(m)
Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MAN24-65 20.5 501.0 480.5 0.27 0.012 0.020 0.011 0.23 6.02 0.09
including 219.0 271.5 52.5 0.33 0.013 0.040 0.017 0.19 6.33 0.17
MAN24-101 10.5 50.6 40.1 0.25 0.012 0.006 0.005 0.17 6.05 0.04
and 69.5 292.4 222.9 0.23 0.013 0.015 0.010 0.35 6.89 0.06
including 169.5 192.0 22.5 0.31 0.014 0.052 0.026 0.76 6.64 0.12
and 323.5 353.0 29.5 0.14 0.011 0.023 0.016 0.26 8.38 0.04
MAN24-102 21.2 468.4 447.2 0.23 0.013 0.019 0.010 0.40 6.99 0.07
including 213.0 250.5 37.5 0.30 0.013 0.044 0.021 0.64 6.60 0.12
*True width undetermined. All lengths are drillhole lengths.
Deloro Property
Highlights:
• 0.38% nickel over 48 metres within 347 metres of 0.26% nickel in hole DEL24-35, with
mineralization starting at 6 metres below surface
• 0.26% nickel over 411.0 metres in hole DEL24-40, with mineralization starting only 2 metres
below surface
The Company produced the first resource for the Deloro property in the summer of 2024 (see July 18 ,
2024 news release). Deloro shows consistent mineralization within the dunite and peridotite units, with
thin overburden throughout the target, as seen in drillhole DEL24-40 with mineralization starting only 2
metres below surface. In the late fall of 2024 , Canada Nickel drilled an additional 21 holes to infill and
upgrade the existing resource. This release presents results for four drillholes (Table 3), with only one
drillhole remaining.
A resource update for Deloro is expected by end of year 2025.
Table 3 – Deloro drilling highlights
Hole ID From
(m)
To
(m)
Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
DEL24-35 6.0 353.8 347.8 0.26 0.010 0.003 0.003 0.24 5.12 0.12
including 126.0 174.0 48.0 0.38 0.010 0.003 0.003 0.12 4.81 0.06
DEL24-38 5.1 158.0 152.9 0.24 0.009 0.003 0.003 0.14 4.40 0.03
and 272.7 501.0 228.3 0.26 0.011 0.003 0.003 0.15 4.58 0.05
DEL24-39 6.0 140.2 134.2 0.24 0.010 0.003 0.005 0.22 4.90 0.10
and 166.1 372.0 205.9 0.22 0.009 0.003 0.005 0.18 4.64 0.08
DEL24-40 2.0 411.0 409.0 0.26 0.011 0.003 0.003 0.21 5.06 0.06
*True width undetermined. All lengths are drillhole lengths.
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Figure 3. – Deloro – CNC Drillholes Over Total Magnetic Intensity
Table 4: Drillhole Orientation
Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m)
REID
REI24-59 456306 5404220 180 -50 654
REI24-60 456960 5403900 110 -82 648
REI24-61 457555 5403900 355 -75 651
REI25-62 457555 5403900 58 -72 528
REI25-63 456960 5404305 110 -50 351
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REI25-64 456758 5404333 350 -60 522
REI25-66 456760 5403900 180 -60 468
REI25-67 456650 5403900 180 -60 501
REI25-68 457328 5404029 220 -50 351
REI25-69 457350 5404200 302 -55 577
REI25-70 456589 5403903 45 -84 738
MANN WEST
MAN24-65 496679 5412221 215 -50 501
MAN24-101 496252 5412123 215 -50 501
MAN24-102 496059 5412169 215 -50 517
DELORO
DEL24-35 480392 5361514 62 -50 375
DEL24-38 480481 5361153 70 -84 501
DEL24-39 480887 5361481 250 -50 402
DEL24-40 480525 5361008 78 -50 411
Statement Regarding TSX Venture
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Quality Assurance and Control, Drilling and Assaying
Edwin Escarraga, MSc, P.Geo., a " Qualified Person" as defined by National Instrument 43 -101, is
responsible for the on-going drilling and sampling program, including quality assurance (QA) and quality
control (QC). The NQ sized core is collected 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 cut with a diamond blade saw.
One set of samples is transported in secured bags directly from the Canada Nickel core shack to Actlabs
Timmins, while a second set of samples is securely shipped to SGS Lakefield for preparation, with analysis
performed at SGS Burnaby. All are ISO/IEC 17025 accredited labs. Analysis for precious metals (gold,
platinum and palladium) are completed by Fire Assay while analysis for nickel, cobalt, sulp hur and other
elements are performed using a peroxide fusion and ICP-OES analysis. Certified standards and blanks are
inserted at a rate of 3 QA/QC samples per 20 core samples making a batch of 60 samples that are
submitted for analysis.
Qualified Person and Data Verification
Stephen J. Balch P.Geo. (ON), VP Exploration of Canada Nickel and a " Qualified Person" as such term is
defined by National Instrument 43 -101, has verified the data disclosed in this news release, and has
otherwise reviewed and approved the technical information in this news release on behalf of Canada
Nickel Company Inc.
About Canada Nickel Company
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Canada Nickel Company Inc. is advancing the next generation of nickel-sulphide projects to deliver nickel
required to feed the high growth electric vehicle and stainless steel markets. Canada Nickel Company has
applied in multiple jurisdictions to trademark the terms NetZero Nickel TM, NetZero Cobalt TM, NetZero
IronTM and is pursuing the development of processes to allow the production of net zero carbon nickel,
cobalt, and iron products. Canada Nickel provides investors with leverage to nickel in low political risk
jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel -Cobalt
Sulphide Project in the heart of the prolific Timmins-Cochrane mining camp. For more information, please
visit www.canadanickel.com.
For further information, please contact:
Mark Selby
CEO
Phone: 647-256-1954
Email: [email protected]
Cautionary Statement Concerning Forward-Looking Statements
This press release contains certain information that may constitute "forward-looking information" under
applicable Canadian securities legislation. Forward looking information includes, but is not limited to,
drill and exploration results relating to the target properties described herein (the "Properties"), the
significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any
resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and
completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic
plans, including future explorat ion and development plans and results, corporate and technical
objectives, receipt of TSX Venture Exchange approval for the acquisition described herein and the
completion of the transaction . Forward -looking information is necessarily based upon several
assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties,
and other factors which may cause the actual results and future events to differ material ly from those
expressed or implied by such forward -looking informa tion. Factors that could affect the outcome
include, among others: future prices and the supply of metals, the future demand for metals, the results
of drilling, inability to raise the money necessary to incur the expenditures required to retain and
advance the property, environmental liabilities (known and unknown), general business, economic,
competitive, political and social uncertainties, results of exploration programs, risks of the mining
industry, delays in obtaining governmental approvals, f ailure to obtain regulatory or shareholder
approvals. There can be no assurance that such information will prove to be accurate, as actual results
and future events could differ materially from those anticipated in such information. Accordingly,
readers should not place undue reliance on forward -looking info rmation. All forward -looking
information contained in this press release is given as of the date hereof and is based upon the opinions
and estimates of management and information available to management as at the date hereof. Canada
Nickel disclaims any intention or obligation to update or revise any forward -looking information,
whether because of new information, future events or otherwise, except as required by law.