Canada Nickel Announces the Government of Ontario Recognition of Crawford as a Critical Minerals Priority and Nation-Building Project

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Canada Nickel Announces the Government of Ontario Recognition of

Crawford as a Critical Minerals Priority and Nation-Building Project

TORONTO, June 09, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company")

(TSXV: CNC) (OTCQX: CNIKF) welcomed the Government of Ontario’s recognition of the Crawford

Nickel Sulphide Project (“Crawford”) as part of its priority nation building initiatives.

In a joint letter to Canada’s Minister of Energy and Natural Resources, Ontario’s Ministers of

Energy and Mines, Natural Resources, and Indigenous Affairs and First Nations Economic

Reconciliation identified the Crawford Project as one of five strategic critical minerals projects

ready for near-term development as part of three transformational, nation-building projects.

In th is open letter provided to media and the Company on June 5, 2025 , the Ministers also

highlighted additional provincial funding for the sector to fully realize the value of these

resources, such as the $500 million Critical Minerals Processing Fund, as well as nearly $3.1 billion

in loans, grants, scholarships and other funding to support meaningful Indigenous ownership and

partnership in critical mineral development.

“We are encouraged and deeply appreciative of the Government of Ontario advancing the critical

minerals agenda and recognizing the strategic importance of the Crawford Project,” said Mark

Selby, CEO of Canada Nickel. “With aligned federal and provincial su pport, our experienced

management team can continue to advance development of Crawford as an important secure,

domestic supply of critical minerals – nickel, cobalt, and North America’s only domestic source of

chromium—while advancing strong Indigenous partnerships and delivering on Canada’s clean

energy and climate ambitions.”

Located just north of Timmins, the Crawford Project benefits from direct access to power, road,

and rail infrastructure, and is supported by long-standing partnerships with Indigenous

Nations in the region. In addition to advancing one of the world’s largest nickel reserves, Canada

Nickel has developed innovative carbon capture technology through its proprietary IPT

Carbonation process. Once operational, the Crawford Project is expected to also become one of

Canada’s largest, carbon storage facilities—contributing meaningfully to both environmental and

economic goals and helping to drive long-term prosperity in Northern Ontario and across the

country.

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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 is currently anchored by its 100% owned flagship Crawford Nickel Sulphide Project

in the emerging Timmins Nickel District. Canada Nickel Company has applied in multiple

jurisdictions to trademark the terms NetZero NickelTM, NetZero CobaltTM, 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.

For further information, please contact:

Mark Selby, CEO

Phone: 647-256-1954

Email: [email protected]

Media, please contact:

Melanie Paradis

President, Texture Communications

Phone: 416-399-7400

Email: [email protected]

Sydney Oakes

Director of Indigenous Relations and Public Affairs

Phone: 905-929-7151

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, and the completion of

assays, follow-up geophysics and further drilling. 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

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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, 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. 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.