Canada Nickel Reports Additional Exploration Drilling Results at Reid Nickel Sulphide Property Including Over 1 kilometre of Nickel Mineralization
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Canada Nickel Reports Additional Exploration Drilling Results at Reid Nickel
Sulphide Property Including Over 1 kilometre of Nickel Mineralization
Highlights
• Longest interval to date at Reid - over 1 kilometre of nickel mineralization extending beyond
current resource at depth by 300 metres
o 0.28% nickel over 1,018 metres including multiple higher grade intervals (e.g., 0.36%
nickel over 97 metres and 0.42% nickel over 45 metres)
• Successfully infilled/extended existing nickel mineralization by 200 to 300 metres to the north,
west, and south
• Updated mineral resource expected by year-end 2025
TORONTO, September 4, 2025 – Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV:
CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from its 100% owned
Reid Nickel Sulphide Project (“Reid”), located approximately 39 kilometres northwest of Timmins, Ontario.
CEO Mark Selby said, “Reid continues to deliver, with today’s results confirming its substantial potential
size and scale and the potential for multiple projects in the Timmins Nickel District. These results also
validate the considerable potential identified when the initial resource was published at the end of last
year, supported by a 3.9-square-kilometre geophysical target that is more than twice the size of Crawford.
We look forward to further demonstrating Reid’s scale with an updated resource by year-end.”
Reid Project
Reid is a large serpentinized ultramafic - with a geophysical footprint approximately 2.5 times larger than
that of Crawford’s - 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” where the main
dunite body is intersected by a series of north-south oriented dykes.
A drill program of 28 holes was completed in Q1-Q2 of 2025 with the purpose of infilling previous drill
sections and to produce an updated mineral resource by year-end 2025. The updated resource is expected
to significantly increase the size of the Inferred resource as well as upgrade the Indicated and Measured
categories. A previous news release (May 28, 2025) contained assay results of the first eight drillholes
from the infill program. This release contains assay results from the final 20 drillholes (see Table 1 and
Figures 1-4).
The Initial Reid Resource published on December 23, 2025, contained an Indicated Resource of 0.59 billion
tonnes grading 0.24% nickel containing 1.4 million tonnes of nickel, an Inferred Resource of 0.99 billion
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tonnes grading 0.23% nickel containing 2.2 million tonnes of nickel. An Exploration Target1 potential was
defined for an additional 0.9-2.1 billion tonnes grading 0.20-0.22% nickel.
These last 20 holes all intersected long intervals of mineralized dunite and minor peridotite. REI25-82 and
REI25-89 were both drilled in the western half of the geophysical target to test for shallow, higher grade
nickel mineralization which was intersected immediately below overburden.
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: Depth Extension
REI25-82 25.4 1,044 1018.6 0.28 0.013 0.018 0.009 0.68 5.97 0.08
including 120.0 164.8 44.8 0.42 0.016 0.036 0.015 0.68 5.94 0.15
including 124.5 135.0 10.5 0.50 0.019 0.047 0.019 0.69 6.12 0.18
and 583.5 681.0 97.5 0.36 0.012 0.040 0.022 0.66 5.58 0.10
REI25-89 33.7 663.0 629.3 0.25 0.012 0.009 0.005 0.68 5.94 0.07
including 33.7 228.0 194.3 0.31 0.013 0.023 0.010 0.64 5.35 0.12
including 148.5 183.0 34.5 0.41 0.014 0.031 0.013 0.63 5.51 0.16
Main Area: Infill
REI25-65 169.5 534.0 364.5 0.20 0.012 0.004 0.004 0.56 6.66 0.04
REI25-75 49.5 234.4 184.9 0.20 0.013 0.003 0.004 0.68 6.81 0.04
and 263.6 540.0 276.4 0.24 0.012 0.003 0.004 0.83 6.47 0.04
including 334.0 417.0 83.0 0.27 0.012 0.003 0.003 0.94 5.94 0.05
REI25-79 27.0 600.0 573.0 0.25 0.011 0.014 0.009 0.63 5.41 0.04
including 231.0 289.5 58.5 0.30 0.012 0.056 0.044 0.63 5.76 0.04
and 358.5 378.0 19.5 0.31 0.011 0.024 0.011 0.60 5.19 0.05
REI25-84 23.7 208.6 184.9 0.26 0.011 0.009 0.006 0.69 5.76 0.07
including 117.0 145.5 28.5 0.34 0.012 0.015 0.009 0.71 5.46 0.09
and 218.0 591.0 373.0 0.21 0.013 0.016 0.015 0.56 6.99 0.08
including 291.0 309.0 18.0 0.35 0.012 0.010 0.006 0.75 6.23 0.10
REI25-85 18.0 501.0 483.0 0.19 0.014 0.016 0.013 0.52 7.35 0.06
including 18.0 108.0 90.0 0.25 0.012 0.010 0.004 0.67 6.40 0.08
Main Area: Resource Extension
REI25-71 65.2 110.8 45.6 0.14 0.013 0.009 0.005 0.34 10.03 0.07
REI25-72 24.5 354.0 329.5 0.18 0.011 0.005 0.006 0.54 7.10 0.03
including 25.5 68.0 42.5 0.26 0.011 0.007 0.006 0.83 5.64 0.04
REI25-73 14.4 54.0 39.6 0.23 0.01 0.003 0.003 0.76 5.18 0.01
and 88.5 158.3 69.8 0.15 0.011 0.007 0.007 0.45 7.45 0.01
and 221.2 286.8 65.6 0.14 0.01 0.004 0.006 0.42 7.19 0.06
and 334.6 415.3 80.7 0.21 0.01 0.004 0.004 0.83 6.27 0.05
1 The potential quantity and grade is conceptual in nature; there has been insufficient exploration to
define a mineral resource; it is uncertain if further exploration will result in the target being delineated
as a mineral resource.
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Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
REI25-74 54.5 711.0 656.5 0.22 0.012 0.003 0.003 0.81 6.16 0.02
REI25-76 57.0 63.0 6.0 0.03 0.007 0.260 0.379 0.34 6.22 0.02
and 103.5 526.5 423.0 0.15 0.013 0.003 0.003 0.58 7.21 0.04
and 628.5 717.0 88.5 0.19 0.011 0.003 0.004 0.38 6.54 0.03
REI25-77 87.0 652.0 565.0 0.21 0.011 0.003 0.004 0.61 6.58 0.04
including 468.0 484.5 16.5 0.27 0.012 0.009 0.020 0.70 6.09 0.05
REI25-78 27.7 689.6 661.9 0.21 0.01 0.004 0.004 0.60 6.43 0.04
including 228.0 418.0 190.0 0.25 0.012 0.004 0.004 0.66 5.76 0.03
REI25-80 30.5 380.6 350.1 0.23 0.012 0.004 0.003 0.66 5.94 0.04
and 431.8 547.5 115.7 0.21 0.011 0.003 0.003 0.42 6.35 0.02
REI25-81 25.5 541.2 515.7 0.19 0.012 0.014 0.011 0.54 7.05 0.05
including 25.5 243.0 217.5 0.24 0.011 0.005 0.004 0.68 6.10 0.07
REI25-83 27.6 330.0 302.4 0.23 0.01 0.003 0.003 0.60 5.00 0.02
REI25-86 15.0 324.0 309.0 0.16 0.013 0.028 0.025 0.42 7.46 0.05
REI25-87 14.0 370.5 356.5 0.18 0.013 0.027 0.023 0.48 7.75 0.06
including 120.0 126.0 6.0 0.30 0.017 0.324 0.179 0.44 9.04 0.14
REI25-88 20.7 684.0 663.3 0.19 0.013 0.013 0.011 0.56 7.49 0.03
including 339.0 403.5 64.5 0.25 0.012 0.003 0.004 0.70 5.92 0.06
*True width undetermined. All lengths are drillhole lengths.
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Figure 1 – Reid – CNC Drillholes Over Total Magnetic Intensity
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Figure 2 – Reid – CNC Plan View showing Nickel Resource and completed drilling.
Figure 3 – Reid – CNC Cross Section of REI25-82 (ending approximately 300 m below current designed
pit) in relation to Nickel Resource.
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Figure 4 – Reid – CNC Cross Section of REI25-89 in relation to Nickel Resource.
Table 2: Drillhole Orientation
Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m)
REID
REI25-65 457446 5403794 30 -85 534
REI25-71 456759 5403777 180 -50 264
REI25-72 457029 5404688 305 -50 354
REI25-73 457029 5404688 125 -70 450
REI25-74 457591 5404716 0 -55 711
REI25-75 457921 5404541 270 -60 540
REI25-76 456464 5403727 135 -50 717
REI25-77 456470 5403729 180 -50 672
REI25-78 456272 5403795 178 -60 699
REI25-79 456033 5403984 155 -65 600
REI25-80 456165 5403790 180 -55 570
REI25-81 456033 5403984 0 -60 552
REI25-82 456300 5403970 85 -80 1,044
REI25-83 456033 5403984 270 -55 330
REI25-84 456169 5403985 358 -60 591
REI25-85 456168 5404134 358 -60 501
REI25-86 456168 5404283 358 -60 324
REI25-87 456168 5404283 358 -60 429
REI25-88 456390 5404560 160 -52 684
REI25-89 456300 5403970 180 -60 663
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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
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 properties described herein (the "Properties"), the significance of
drill results, the expected timing of the delivery of an updated resource, the ability to continue drilling,
the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide
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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 pr ices 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. 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.