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Canada Nickel Company Announces Board Appointment

Management Changes

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Canada Nickel Company Announces Board Appointment

TORONTO, October 21, 2024 – Canada Nickel Company Inc. (" Canada Nickel" or “The Company") (TSX-

V:CNC) (OTCQB: CNIKF) announces appointment of Mr. Julian Ovens to its Board of Directors effective

October 21, 2024. Mr. Mike Cox has retired as a director but continues to support the Company’s

continued development in leading Canada Nickel’s wholly owned downstream subsidiary, NetZero Metals

Inc.

David Smith, Chair of Canada Nickel, said, “We are very glad to have Julian join our Board of Directors.

His extensive senior management experience with both Rio Tinto and BHP, senior roles with the Canadian

government, and successful government relations and public affairs advisory, will be inva luable to the

company as we advance our Crawford Nickel Sulphide Project towards a construction decision in 2025. I

would also like to thank Mike Cox for his contributions as one of the founding directors of the Company

and I look forward to his continued contributions from his leadership of our wholly-owned Net Zero Metals

subsidiary.”

Mr Julian Ovens

Independent, Non-executive Director

Julian Ovens is a Partner and owner at Crestview Strategy, a full-service government relations and public

affairs agency, and a Director of the Canadian Commercial Corporation (CCC), which assists Canadian

exporters secure international contracts, particularly with foreign governments. Until the end of 2019,

Julian was Chief of Staff to the Honourable Jim Carr, Minister of International Trade of Canada. He held

the same role previously for the Honourable François -Philippe Champagne. His appointment dates from

November 2015, shortly after the Trudeau government was first sworn in, when he served as Chief of

Staff to the Honourable Stéphane Dion, Minister of Foreign Affairs, until January 2017. In 2018 the Hill

Times named Julian among the Top 40 Influencing Canadian Foreign Policy Minds.

He previously worked at BHP, one of the largest natural resources company, most recently as Head of

Strategy & Development, Potash (previously Diamonds & Specialty Products), in Saskatoon. Before that,

he was Project Director, Iron Ore Africa, Minerals Exploration based in Singapore, where he l ed

commercial efforts for development projects in West / Central Africa, and was engaged in Mergers &

Acquisitions work globally for BHP Billiton Aluminium in London.

Julian also worked in corporate Mergers & Acquisitions at (Rio Tinto) Alcan in Montreal and Paris, where

he led or contributed to buy, sell-side and spin-off international transactions in locations such as the US,

Canada, France, Switzerland, Australia, Slovenia, Thailand, Gabon, Cameroon, Congo, South Africa and the

Central African Republic (CAR/RCA/ Centrafrique). He began his finance career in investment banking in

Global Metals & Mining at Credit Suisse First Boston (now UBS) in Toronto, where he worked on advisory

and financing assignments.

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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 Company has

applied in multiple jurisdictions to trademar k 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 politi cal risk

jurisdictions. Canada Nickel is currently anchored by its 100% owned flagship Crawford Nickel 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 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 advance the

property, environmental liabilities (kn own 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 in tention or

obligation to update or revise any forward -looking information, whether because of new information.

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.