Canada Nickel Reports Continued Exploration Success at MacDiarmid, Provides Exploration Update
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Canada Nickel Reports Continued Exploration Success at MacDiarmid,
Provides Exploration Update
Highlights
o Five holes testing central region at MacDiarmid yielded muti-hundred metre intervals
including 0.25% nickel over 363 metres in hole MAC 25-09
o New exploration phase to commence July 14 at Midlothian
TORONTO, July 7, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC)
(OTCQX: CNIKF) is pleased to announce positive results from its latest exploration drilling at the
Company’s MacDiarmid property. The new drilling program has successfully identified further
mineralization extending over a strike length of approximately 2,200 metres and a width of about 400
metres. These results build on the initial work completed in the eastern portion of the property in 2021.
CEO Mark Selby said, “Our regional exploration program continues to reinforce the strong potential of the
Timmins Nickel District and mark a positive step forward following our earlier drilling at MacDiarmid. With
our recently completed financing, we are set to resume drilling at our Midlothian property the week of
July 14th. That same week, we anticipate publishing initial resources for our Mann Central and Texmont
properties, adding our fourth and fifth resources in the district. By year-end, we expect to publish three
additional resource estimates, bringing the total to nine – including Crawford – and further demonstrating
the remarkable scale and opportunity within the Timmins Nickel District.”
MacDiarmid Property
The MacDiarmid property is located 23 kilometres southwest of Crawford, 27 kilometres northwest of
Timmins. The property hosts an arcuate ultramafic body that measures at least 3 kilometres in length and
up to 600 metres in width (covering 1.1 square kilometres or similar in size to the Crawford Main Zone
target).
Drilling in the winter of 2025 focused on the central portion of the target, testing the width and length
extension from the boundaries outlined in earlier exploration campaigns during 2021 and 2022. The
drilling intersected predominantly long sections of serpentinized dunite and minor peridotite with
disseminated nickel sulphide mineralization consisting primarily of pentlandite and heazlewoodite. The
Company has drilled a total of 12 holes at MacDiarmid, seven of which were drilled during the 2025
campaign (Figure 1). One hole, MAC25-06 targeted an EM (electromagnetic) anomaly located 800 metres
north, outside of the main ultramafic body. The drillhole intersected layered metasedimentary units that
in some cases contained angular clasts with varying degrees of sulphide mineralization in them but did
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not yield any meaningful results. MAC25-10, drilled near an interpreted fault, intersecting at depth, a
section of felsic volcanics with strong sulphide mineralization. The fault and EM anomalies remain of
interest to the Company and a follow up program will be planned for fall 2025. Assay highlights from all
the 2025 drillholes are presented in this release (Table 1).
Figure 1. – MacDiarmid – CNC Drillholes Over Total Magnetic Intensity
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Table 1 – MacDiarmid drilling highlights
Hole ID From
(m)
To
(m)
Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MAC25-07 31.8 230.0 198.2 0.26 0.01 0.003 0.004 0.405 5.71 0.02
and 239.4 414.6 175.2 0.25 0.01 0.005 0.004 0.458 6.56 0.02
including 396.0 414.6 18.6 0.30 0.01 0.015 0.011 0.317 5.88 0.05
MAC25-08 36.0 50.2 14.2 0.26 0.01 0.003 0.003 0.279 5.89 0.05
and 93.7 112.9 19.2 0.25 0.01 0.003 0.003 0.183 5.73 0.06
and 127.3 359.3 232 0.26 0.01 0.003 0.003 0.399 6.22 0.01
and 401.1 413.6 12.5 0.24 0.01 0.003 0.003 0.382 5.00 0.01
MAC25-09 42.0 405.0 363 0.25 0.01 0.007 0.004 5.39 5.64 0.02
MAC25-10 42.0 81.8 39.8 0.23 0.01 0.003 0.003 0.588 6.18 0.05
and 94.1 251.9 157.8 0.22 0.01 0.003 0.003 0.557 6.35 0.03
and 340.3 402.0 61.7 0.01 0.01 0.003 0.003 0.012 8.05 3.60
MAC25-11 70.0 324.0 254 0.27 0.01 0.003 0.003 0.339 5.42 0.01
MAC25-12 47.6 340.5 292.9 0.13 0.01 0.014 0.013 0.376 8.04 0.06
*True width undetermined. All lengths are drillhole lengths.
Table 2: Drillhole Orientation
Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m)
MACDIARMID
MAC25-06 458148 5391664 205 -60 379
MAC25-07 457950 5390700 45 -60 415
MAC25-08 458075 5390575 45 -60 414
MAC25-09 458215 5390460 45 -60 405
MAC25-10 457736 5390762 45 -60 402
MAC25-11 458816 5390635 165 -50 321
MAC25-12 457896 5390914 30 -50 441
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
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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 As say while analysis for nickel, cobalt, sulphur 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
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 exploration 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 materially from those
expressed or implied by such forward -looking information. 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
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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, failure 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 information. 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.