Canada Nickel Reports Additional Positive Exploration Drilling Results at Midlothian Nickel Sulphide Property
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Canada Nickel Reports Additional Positive Exploration Drilling Results
at Midlothian Nickel Sulphide Property
Highlights
• MID25-17A intersected strong nickel mineralization immediately below overburden at 5.3 m
with 0.30% nickel over 18.7 m and 0.30% nickel over 330.0 metres
• MID25-18A intersected 0.29% nickel over 449.0 metres including 0.36% nickel over 10.5
metres
• Successfully extended outline of nickel mineralization by 200-300 metres to the south
• Initial mineral resource expected by year-end 2025
TORONTO, September 25 , 2025 – Canada Nickel Company Inc. ("Canada Nickel " or the " Company")
(TSXV: CNC) (OTCQX: CNIKF) is pleased to announce further positive exploration drilling results from its
Midlothian Property located 70 kilometres south-southeast of Timmins and 25 kilometres west of
Matachewan. These latest results underscore the property’s growing potential and Midlothian’s position
as a significant asset within Canada Nickel’s portfolio.
CEO Mark Selby said, “The third of our “Three Giants” continues to exceed expectations. The latest drill
assays from Midlothian have delivered the most consistently higher -grade intervals we’ve seen across
any of our 18 drilled properties, with the most recent three holes each returning 0.29–0.30% nickel
over several hundred meters of core. With a target footprint larger than our Crawford project and
shallower overburden, Midlothian is showing its potential through these results. We look forward to
announcing its initial resource estimate later this year.”
Midlothian Property
The Midlothian property is directly accessible by road all year round. Midlothian is a joint-venture
between Canada Nickel and Canadian Gold Miner Corp. and Laurion Mineral Exploration Inc. and is in the
final year of a four year agreement where Canada Nickel needs to make a final payment of $400,000 and
issue 140,000 shares to earn a 100% interest in the property. Six infill drillholes were completed during
the summer of 2025. All six holes intersected long largely continuous intervals of mineralized dunite with
the two holes collared on top of the mineralization intersecting it at shallow depths less than seven metres
(Figure 1). These holes were drilled on a geophysical target measuring 2.7 kilometres long and 0.4 to 0.9
kilometres wide with a target footprint of 1.7 km2 (compared to Crawford target footprint of 1.5 km2).
This release contains assay information on three completed holes. Assays are still pending on the three
remaining drillholes. With the combined dataset (2023,2024, 2025 drilling), t he Company intends to
produce an initial resource estimate at Midlothian by year end 2025.
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Table 1 – Midlothian drilling highlights
Hole ID From
(m) To (m) Length
(m)* Ni % Co % Pd g/t Pt g/t Cr % Fe % S %
MID25-17A 5.3 24.0 18.7 0.30 0.009 0.003 0.003 0.11 4.02 0.06
and 54.0 384.0 330.0 0.30 0.010 0.034 0.006 0.12 4.45 0.01
MID25-18A 39.9 489.0 449.1 0.29 0.010 0.004 0.005 0.12 4.30 0.02
including 93.0 489.0 396.0 0.30 0.010 0.003 0.004 0.11 4.07 0.01
including 367.5 378.0 10.5 0.36 0.010 0.038 0.064 0.11 3.79 0.01
MID25-19 98.4 477.0 378.6 0.29 0.010 0.003 0.003 0.12 4.35 0.01
including 136.5 477.0 340.5 0.30 0.010 0.003 0.003 0.11 4.18 0.01
*True width undetermined. All lengths are drillhole lengths.
Figure 1 – Midlothian – CNC Drillholes Over Total Magnetic Intensity
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Table 2: Drillhole Orientation
Hole ID Easting (mE) Northing (mN) Azimuth (⁰) Dip (⁰) Length (m)
MID25-17A 499599 5302983 310 -50 384
MID25-18A 500735 5303080 185 -50 489
MID25-19 500343 5303202 185 -50 477
MID25-20 500200 5302464 0 -50 384
MID25-21 498787 5302550 30 -50 381
MID25-22 499590 5302988 225 -50 435
Issuance of Shares to Service Provider
Canada Nickel also announces today that, subject to the approval of the TSX Venture Exchange, it has
agreed to issue an aggregate of 333,120 common shares of Canada Nickel in satisfaction of $249,840.51
due to a service provider. The common shares will be subject to a four-month hold period under applicable
securities laws.
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 – Standards
of Disclosure for Mineral Projects, 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. Samples are transported in secured bags directly from the Canada
Nickel core shack to Actlabs Timmins. A ctlabs is a ISO/IEC 17025 accredited lab. Analysis for precious
metals (gold, platinu m and palladium) are completed by Fire Assay 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 – Standards of Disclosure for Mineral Projects , 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
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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, and receipt of
TSX Venture Exchange approval for the issuance of shares to a service provider. 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 m oney 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.