NORTH AMERICAN NICKEL INC. PO. Box 63623 Capilano PO

NORTH AMERICAN NICKEL

INC.

PO. Box 63623 Capilano PO

North Vancouver, B.C.

V7P 3P1

Tel: (604) 770-4334

Toll Free: 1-866-816-0118

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN

THE UNITED STATES

NORTH AMERICAN NICKEL ANNOUNCES PRELIMINARY PROSPECTUS

FILING IN CONNECTION WITH PROPOSED EQUITY FINANCING

Vancouver, British Columbia, April 6, 2017 – North American Nickel Inc. (TSX VENTURE: NAN)

(OTCBB: WSCRF) (CUSIP: 65704T 108) (the "Company" or "NAN") announces that it has filed a

preliminary short form prospectus in connection with a proposed marketed offering of units of the Company

(the "Units") for gross proceeds of up to C$15,000,000 (the "Offering"). The Offering will be conducted on

a best-efforts basis through Paradigm Capital Inc. (the "Agent"), acting as agent.

The Offering will be priced in the context of the market with the specifics of the Offering to be determined

at the time of pricing.

The Company intends to use the net proceeds of the Offering for the commencement of a work program

and additional exploration and drilling activities to be completed at the Company's Maniitsoq project in

Greenland and for general corporate and working capital purposes.

The Offering is being made pursuant to a short form prospectus filed in each of the provinces of British

Columbia, Alberta, Manitoba and Ontario. A copy of the preliminary short form prospectus, which contains

important information relating to the Units, is available on SEDAR at www.sedar.com. There will not be

any sale or any acceptance of an offer to buy the Units until a receipt for the final prospectus has been

issued.

The Offering is expected to close on or about May 4, 2017, or on such later date as the Company and the

Agent may agree upon, and is subject to certain customary conditions and regulatory approvals,

including the approval of the TSX Venture Exchange and the entering into by the Company and the Agent

of an agency agreement.

This press release does not constitute an offer of securities for sale in the United States or to "U.S. persons"

("U.S. persons"), as such term is defined in Regulation S promulgated under the United States Securities

Act of 1933, as amended, (the "U.S. Securities Act"). The securities being offered have not been, nor will

be, registered under the U.S. Securities Act or any state securities laws, and may not be offered or sold in

the United States or to U.S. persons absent registration or an applicable exemption from such registration

requirements.

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 (See NAN News Release

dated January 19, 2015) 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

604-986-2020

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.