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North American Nickel Grants Incentive Stock Options

Share Capital & Compensation

North American Nickel Grants Incentive Stock Options

VANCOUVER, British Columbia, Dec. 21, 2017 -- North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF)

(CUSIP:65704T 108) (the "Company" or “NAN”) announces it has granted incentive stock options to certain employees and

consultants of the Company.

The Company has granted incentive stock options to certain employees and consultants of the Company to purchase up to

1,000,000 common shares in the capital of the Company pursuant to the Company's stock option plan. All of the options are

exercisable for a period of five years at an exercise price of $0.12 per share.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland and Sudbury,

Ontario.

The Maniitsoq property in Greenland is a Camp scale project comprising 2,985 square km covering numerous high-grade

nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt

(GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland accessible from the existing Seqi

deep water port with an all year round shipping season and abundant hydro-electric potential.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-

platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke

structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

Cautionary Note Regarding Forward-looking Statements

This press release contains certain “forward-looking statements” and “forward-looking information” under applicable securities

laws concerning the business, operations and financial performance and condition of the Company. Forward-looking

statements and forward-looking information include, but are not limited to, statements with respect to the timing and

completion of the Offering, the availability of financing, the availability of regulatory approvals for the Offering and the anticipated

use of proceeds from the Offering. Except for statements of historical fact relating to the Company, certain information

contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words

such as “plan,” “expect,” “project,” “intend,” “believe,” “anticipate”, “estimate” and other similar words, or statements that

certain events or conditions “may” or “will” occur. Forward-looking statements are based on the opinions and estimates of

management at the date the statements are made, and are based on a number of assumptions and subject to a variety of

risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in

the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of

the Company and there is no assurance they will prove to be correct.

Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include

the inability to obtain adequate financing, the inability to obtain regulatory approvals required in relation to that financing. The

Company cautions that the foregoing list of important factors is not exhaustive. Investors and others who base themselves on

forward-looking statements should carefully consider the above factors as well as the uncertainties they represent and the risk

they entail. The Company believes that the expectations reflected in those forward-looking statements are reasonable, but no

assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this

press release should not be unduly relied upon. These statements speak only as of the date of this press release. The

Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or

opinions should change except as required by applicable securities laws.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ

materially from those described in forward-looking statements, there may be other factors that cause actions, events or results

not to be anticipated, estimated or intended. Statements concerning mineral reserve and resource estimates may also be

deemed to constitute forward-looking statements to the extent they involve estimates of the mineralization that will be

encountered if the property is developed.

Statements about the Company's future expectations and all other statements in this press release other than historical facts

are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the

Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends

that such forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks

and uncertainties and are subject to change at any time, the Company's actual results may differ materially from the expected

results.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Fedikow

President

North American Nickel Inc.

For more information contact:

North American Nickel Inc.

Jaclyn Ruptash

Corporate Communications

604-770-4334

Toll free: 1-866-816-0118

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the

Exchange) accepts responsibility for the adequacy or accuracy of this release.