Class 1 Nickel Signs Memorandum of Understanding with Matachewan First Nation FOR Alexo-Dundonald Nickel Sulphide Project
CLASS 1 NICKEL SIGNS MEMORANDUM OF UNDERSTANDING WITH
MATACHEWAN FIRST NATION FOR ALEXO-DUNDONALD NICKEL SULPHIDE
PROJECT
Toronto, Ontario (March 11, 2021) – Class 1 Nickel and Technologies Ltd. (CSE: NICO/OTCQB: NICLF)
("Class 1 Nickel" or the "Company") and Matachewan First Nation (“MFN”) are delighted to announce the
signing of a Memorandum of Understanding (“MOU”) between the two parties. The MOU was signed to
advance responsible exploration and development of the Alexo-Dundonald Nickel Sulphide Project, 45 km
east of the City of Timmins, Ontario, Canada.
The signed MOU means that Class 1 Nickel recognizes the traditional values of the MFN and commits the
Company to consult and establish a mutually beneficial cooperative and productive relationship to advance
the Alexo-Dundonald Nickel Project. The agreement also provides MFN opportunity to participate in the
benefits of the Project through business opportunities, employment and training, financial compensation,
and consultation on environmental matters.
“Class 1 Nickel proactively reached out to MFN as a traditional land holder in the Alexo-Dundonald Property
area and engaged them in early dialogue on how the Project and associated infrastructure will be
responsibly explored and developed,” said Ben Cooper, President of Class 1 Nickel. “We are very pleased
for the signed MOU with MFN and welcome their constructive consultation and strong support as Class 1
Nickel plans to commence its Phase 1 drill program on the Project.”
“Matachewan First Nation would like to commend Class 1 Nickel on their early engagement and
consultation activities with the Matachewan First Nation,” said Chief Jason Batisse. “It’s always a pleasure
to work with mineral development companies on our traditional territory who respect and acknowledge
not only our way of life but also the importance of building a meaningful relationship within the community.
We are confident that Class 1 Nickel will operate using sound environmental practices and that the
exploration activities will provide ongoing benefit to the community. We look forward to continuing our
relationship with Class1 Nickel and advancing the Alexo-Dundonald Nickel Sulphide Project.”
The Alexo-Dundonald Nickel Sulphide Project is located in the world class Timmins Mine District of Ontario
Canada with 100 years of mining activity. The Proj ect enjoys strong established infrastructure and
community support and year-round access. Class 1 Nickel looks forward to advancing plans for exploration,
development, permitting and construction of mines on the Project to produce nickel-copper-cobalt.
About Matachewan First Nation
Matachewan First Nation is an historic northern On tario First Nation community that has served as the
traditional home for many First Nation families. It is still home to a growing community and the First Nation
is actively taking part in partnering and working wi th the resource development industry in establishing
mutually beneficial agreements. The First Nation also prides itself in being able to work with industry with
a focus on protecting the environment and ecology on their traditional lands in northeastern Ontario.
The community is located approximately 30 kms southeast of the town of Matachewan and about 60 km
west of the City of Kirkland Lake, Ontario, Canada.
About Class 1 Nickel
Class 1 Nickel and Technologies Limited (CSE: NICO/OTCQB: NICLF) is a Mineral Resource
Company focused on the development of its 100% owned Alexo-Dundonald Project, a portfolio of komatiite
hosted magmatic nickel-copper-cobalt sulphide Mi neral Resources located near Timmins, Ontario. The
Company also owns 100% the Somanike komatiite hosted nickel copper project in Quebec, which includes
the famous Marbridge Mine.
For more information, please contact:
Benjamin Cooper, President
T: 416.454.0166
For additional information please visit our website at www.class1nickel.com and our Twitter feed:
@Class1Nickel.
Neither the Canadian Securities Exchange nor its regu lation services provider has reviewed or accepted
responsibility for the adequacy or accuracy of this press release.
This news release contains forward-looking information which is not comprised of historical facts. Forward-
looking information is 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 information involves risks, uncertainties and other factors that could cause
actual events, results, and opportunities to differ ma terially from those expressed or implied by such
forward-looking information. Factors that could cause actual results to differ materially from such forward-
looking information include, but are not limited to, changes in the state of equity and debt markets,
fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, and
other risks involved in the mineral exploration and development industry, including those risks set out in
the Company’s management’s discussion and analysis as filed under the Company’s profile
at www.sedar.com. Forward-looking information in this news release is based on the opinions and
assumptions of management considered reasonable as of the date hereof, including that all necessary
governmental and regulatory approvals will be rece ived as and when expected. Although the Company
believes that the assumptions and factors used in prep aring the forward-looking information in this news
release are reasonable, undue reliance should not be placed on such information. The Company disclaims
any intention or obligation to update or revise any forward-looking information, other than as required by
applicable securities laws.