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Canada Nickel files 2020 Annual Financial Statements and MD&A TORONTO ,

Financials

Canada Nickel files 2020 Annual Financial Statements

and MD&A

TORONTO

,

Jan. 25, 2021

/CNW/ - Canada Nickel Company Inc. ("

Canada Nickel

" or the "

Company

") (TSX-V:CNC)

(OTCQB: CNIKF) announces that it has filed today its annual audited financial statements and related management's

discussion and analysis ("MD&A") for the full-year ended

October 31, 2020

, both of which are available at

www.canadanickel.com

and on Canada Nickel's profile at

www.SEDAR.com

.

Canada Nickel's flagship project is the Crawford Nickel-Cobalt Sulphide Project, which is located in the heart of the prolific

Timmins

-

Cochrane

mining camp in

Ontario, Canada

, and is adjacent to well-established, major infrastructure associated

with over 100 years of regional mining activity. Canada Nickel has launched wholly-owned NetZero Metals Inc. with the

aim to develop zero-carbon production of nickel, cobalt, and iron at the Crawford Project.

About Canada Nickel Company

Canada Nickel Company Inc. is advancing the next generation of nickel-cobalt sulphide projects to deliver nickel and

cobalt 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 Iron

TM

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 and cobalt 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

.

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 results relating to the

Crawford Nickel-Cobalt Sulphide Project, the potential of the Crawford Nickel-Cobalt Sulphide Project, timing of economic

studies and resource estimates, strategic plans, including future exploration and development results, and corporate and

technical objectives. Forward-looking information is necessarily based upon a number of 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 (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, and the impact of COVID-19 related disruptions in

relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders.

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 as a

result of new information, future events or otherwise, except as required by law.

View original content:

http://www.prnewswire.com/news-releases/canada-nickel-files-2020-annual-financial-statements-and-mda-301214527.html

SOURCE

Canada Nickel Company Inc.

View original content:

http://www.newswire.ca/en/releases/archive/January2021/25/c1367.html

%SEDAR: 00048733E

For further information:

Mark Selby, Chair and CEO, Phone: 647-256-1954, Email: [email protected]

CO: Canada Nickel Company Inc.

CNW 19:21e 25-JAN-21