Canada Nickel Reports Additional Positive Exploration Drilling Results at Midlothian Nickel Sulphide Property

Executive Summary

• Canada Nickel announced additional positive drilling results from the Midlothian nickel‑sulphide property, including multiple intervals of ~0.30 % Ni over several hundred metres.
• The drill program extended the known mineralized envelope southward by 200–300 m and supports an initial resource estimate expected by year‑end 2025.
• The company also disclosed a pending issuance of 333,120 common shares to settle a $249,840 service‑provider invoice, subject to TSX Venture Exchange approval.

Key Details

• Hole MID25-17A: 0.30 % Ni over 18.7 m (5.3–24.0 m) and an additional 0.30 % Ni over 330.0 m (54.0–384.0 m).
• Hole MID25-18A: 0.29 % Ni over 449.1 m (39.9–489.0 m); includes a higher‑grade interval of 0.36 % Ni over 10.5 m (367.5–378.0 m).
• Hole MID25-19: 0.29 % Ni over 378.6 m (98.4–477.0 m); includes 0.30 % Ni over 340.5 m (136.5–477.0 m).
• All six infill holes intersected continuous mineralized dunite; three additional holes still pending assay results.
• Drill target area: 2.7 km long × 0.4‑0.9 km wide (≈1.7 km²), larger than the Crawford footprint.
• Resource Outlook: Combined dataset (2023‑2025) to underpin an initial mineral resource estimate by end of 2025.
• Share Issuance: Agreement to issue 333,120 common shares to satisfy a $249,840.51 service‑provider obligation; shares subject to a four‑month hold period pending TSX Venture Exchange approval.
• Qualified Persons: Edwin Escarraga, MSc, P.Geo., and Stephen J. Balch, P.Geo. (VP Exploration) verified drilling data and technical information per NI 43‑101 standards.

Notable Quotes

“The third of our ‘Three Giants’ continues to exceed expectations… the most consistently higher‑grade intervals we’ve seen across any of our 18 drilled properties.” – Mark Selby, CEO