Canada Nickel Announces Appointment of Project Debt Advisor, Provides Corporate Update

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce the appointment of Cutfield Freeman & Co. ("Cutfield Freeman") as project debt advisors and changes to the Canada Nickel Board of Directors (the "Board").

Mark Selby , Chair and CEO said, "I am very pleased that we have engaged Cutfield Freeman, a leading global mining advisory firm, as project debt advisors. Cutfield Freeman, in conjunction with our previously appointed equity advisors, Deutsche Bank and Scotiabank, will assist the Company in putting together the overall financing package for the Company's flagship Crawford Nickel Sulphide project as we continue advancing Crawford towards production."

Mr. Selby continued, "I am also very pleased to announce that David Smith , a current member of our Board, will be assuming the role of Chairman, previously held by me. The splitting of the CEO and Chairman roles aligns with best corporate governance practices and is expected to become effective on April 7, 2023 . David, currently the EVP Finance and CFO at Agnico Eagle Mines Limited, has held several senior positions over the last 18 years as Agnico Eagle grew to become one of the leading global gold companies. He recently announced his retirement as of April 30 from Agnico Eagle and I look forward to working closely with David to help Canada Nickel become one of the leading global nickel companies. I would also like to thank Russell Starr , who is retiring from the board given other commitments, but remains committed to the success of Canada Nickel".

About Canada Nickel

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™, NetZero Cobalt™ and NetZero Iron™ 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 .

Cautionary Note and 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, the carbon capture approach could allow production of Net Zero nickel and generation of an additional tonnes of CO ₂ credits per tonne of nickel produced after offsetting all emissions, the potential to turn nickel mine into a generator of carbon credits rather than generator of carbon emissions, the production of estimated average of 710,000 tonnes of carbon credits annually and 18 million total tonnes of CO ₂ of credits over expected life of mine at Crawford, the ability to monetize carbon credits, the ability to quantify carbon capture, emission estimates, the brucite content of the deposit, the scalability of the process, the metallurgical results, the timing and results of the feasibility study including the viability of the inclusion of the IPT Carbonation Process and related facilities as part of the project, the results of Crawford's PEA, including statements relating to net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs, timing for permitting and environmental assessments, realization of mineral resource estimates, capital and operating cost estimates, project and life of mine estimates, ability to obtain permitting by the time targeted, size and ranking of project upon achieving production, economic return estimates, the timing and amount of estimated future production and capital, operating and exploration expenditures and potential upside and alternatives. Readers should not place undue reliance on forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. The PEA results are estimates only and are based on a number of assumptions, any of which, if incorrect, could materially change the projected outcome. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in applicable laws; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable.

Although Canada Nickel 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 to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws.

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.

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SOURCE Canada Nickel Company Inc.

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CNC:CA

Canada Nickel Achieves Best Drill Results to Date at Reid

Highlights

Best Reid interval to date – 661 metres of 0.29% nickel including 100 metres of 0.42% nickel and 40 metres of 0.51% nickel in REI-24-35
All 8 holes targeting Reid Central Core intersected core lengths greater than 620 metres with average grades of 0.21% to 0.29% nickel

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce positive assay results from its ongoing 2024 exploration program at its Reid property, located 37 kilometres northwest of Timmins, Ontario .

Hole ID	From (m)	To (m)	Length (m)*	Ni %	Co %	Pd g/t	Pt g/t	Cr %	Fe %	S %
Central Core
REI24-27	27.2	702.0	674.8	0.27	0.012	0.013	0.008	0.67	5.62	0.076
including	60.0	94.5	34.5	0.30	0.013	0.024	0.007	0.66	5.76	0.110
REI24-28	18.6	705.0	686.4	0.26	0.012	0.010	0.006	0.84	5.90	0.023
including	235.5	250.5	15.0	0.30	0.012	0.006	0.008	0.87	5.46	0.025
REI24-29	54.0	568.6	514.6	0.23	0.010	0.011	0.008	0.63	6.59	0.028
and	642.6	696.0	53.4	0.24	0.014	0.017	0.011	0.85	7.46	0.026
REI24-30	30.0	702.0	672.0	0.24	0.013	0.014	0.010	0.70	6.79	0.060
including	633.0	640.5	7.5	0.42	0.018	0.080	0.040	0.63	8.13	0.288
and	664.5	673.5	9.0	0.37	0.019	0.071	0.046	0.51	8.75	0.275
REI24-31	28.0	648.4	620.4	0.22	0.013	0.013	0.009	0.61	6.85	0.072
including	31.5	340.5	309.0	0.27	0.012	0.010	0.006	0.71	6.11	0.074
including	39.0	52.0	13.0	0.41	0.014	0.026	0.014	0.69	5.68	0.075
and	279.0	306.0	27.0	0.29	0.014	0.016	0.005	0.68	7.61	0.131
REI24-32	21.0	696.0	675.0	0.21	0.012	0.008	0.007	0.71	6.43	0.034
including	166.5	421.5	255.0	0.25	0.011	0.005	0.004	0.89	5.57	0.038
REI24-35	40.5	702.0	661.5	0.29	0.012	0.018	0.013	0.69	5.67	0.052
including	340.5	361.5	21.5	0.34	0.013	0.221	0.094	0.66	5.85	0.074
and	601.5	702.0	100.5	0.42	0.015	0.035	0.019	0.59	6.26	0.123
including	645.0	685.5	40.5	0.51	0.015	0.040	0.023	0.59	6.21	0.149
REI24-37	42.2	697.5	655.3	0.24	0.013	0.012	0.009	0.57	6.28	0.032
including	42.2	312.0	269.8	0.27	0.013	0.023	0.018	0.60	6.19	0.029
including	202.5	219.0	16.5	0.41	0.015	0.241	0.146	0.49	7.16	0.093
REI24-38	27.0	702.0	675.0	0.22	0.012	0.024	0.018	0.63	6.55	0.045
including	238.0	550.5	312.5	0.26	0.012	0.048	0.035	0.69	6.04	0.056
including	301.5	327.0	25.5	0.32	0.012	0.009	0.006	0.78	5.97	0.078
and	510.0	540	30	0.33	0.012	0.174	0.229	0.74	6.16	0.103
Central Dyke Corridor
REI24-23	24.0	303.0	279.0	0.18	0.014	0.010	0.012	0.53	7.82	0.016
and	343.8	564.0	220.2	0.25	0.013	0.010	0.006	0.77	7.47	0.038
REI24-24	78.9	94.9	16.0	0.27	0.012	0.067	0.024	0.68	5.89	0.098
and	174.1	247.2	73.1	0.25	0.012	0.006	0.005	0.83	5.61	0.036
and	260.0	627.0	367.0	0.24	0.011	0.004	0.007	0.85	5.79	0.063
and	674.0	705.0	31.0	0.19	0.012	0.003	0.006	0.55	7.32	0.028
REI24-25	28.0	312.0	284.0	0.18	0.013	0.009	0.011	0.58	7.64	0.035
and	322.7	717.0	394.3	0.23	0.012	0.008	0.007	0.78	6.13	0.034
REI24-26	30.6	106.5	75.9	0.27	0.011	0.016	0.013	0.77	5.47	0.034
and	122.9	280.0	157.1	0.20	0.013	0.050	0.018	0.56	7.65	0.033
and	321.4	488.5	167.1	0.20	0.014	0.024	0.016	0.50	8.25	0.032

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Canada Nickel Closes Previously Announced US$15 Million Loan Facility with Auramet International, Inc.

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) today announced that it has closed a secured loan facility with Auramet International, Inc. ("Auramet") of US$15 million previously announced on June 24, 2024 .

The loan is due January 9, 2025 , carries an interest rate of 1.00% per month, and is subject to a 2.5% arrangement fee. At closing, Auramet also received 750,000 1-year warrants with a strike price of $1.42 per common share. The loan is subject to such terms and conditions including certain specified positive and negative covenants that are customary for a transaction of this nature. The warrants and the underlying shares are subject to a four month hold period under applicable Canadian securities laws. The Company expects to use the proceeds from the loan for working capital purposes.

About Auramet

Auramet is one of the largest physical precious metals merchants in the world with over US$20 billion in annual revenues and which provides a full range of services to all participants in the precious metals supply chain. Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 350 years combined industry experience. Their business consists of three main activities: physical metals trading, metals merchant banking (including direct lending) and project finance advisory services. The company has built a consistently successful and prominent franchise in the metals space on the back of an experienced management team that has proven to be innovative and capable of delivering the highest quality service to participants in the sector. In fiscal year 2023 it purchased over 7 million ounces of gold, 126 million ounces of silver and 3 million ounces of PGMs, and has provided term financing facilities in excess of US$1 billion to date. Auramet is looking to grow its capital investment business in equity, royalties and streams in the precious metals and battery related metals mining space. Auramet is proud to have been awarded a Gold Medal the past two years for its ESG commitment by EcoVadis, the most trusted provider of ESG ratings with a network of more than 90,000 rated companies. For more information on Auramet, please visit www.auramet.com .

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™, NetZero Cobalt™, NetZero Iron™ 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: info@canadanickel.com

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, the use of proceeds from the loan, the ability of the Company to deliver nickel required to feed the high growth electric vehicle and stainless steel markets, and the development of processes to allow the production of net zero carbon nickel, cobalt, and iron products. Readers should not place undue reliance on forward looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Canada Nickel to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that Crawford will be placed into production. Factors that could affect the outcome include, among others: inability to repay the loan or comply with the covenants set out in the loan agreement; the actual results of development activities; project delays; inability to raise the funds necessary to complete development; general business, economic, competitive, political and social uncertainties; future prices of metals or project costs could differ substantially and make any commercialization uneconomic; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in applicable laws; changes in project parameters as plans continue to be refined; accidents, labour disputes, the availability and productivity of skilled labour and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities; mineral resource estimates relating to Crawford could prove to be inaccurate for any reason whatsoever; additional but currently unforeseen work may be required to advance to the feasibility stage; and even if Crawford goes into production, there is no assurance that operations will be profitable. Although Canada Nickel 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 to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this news release and Canada Nickel disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. 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.

View original content to download multimedia: https://www.prnewswire.com/news-releases/canada-nickel-closes-previously-announced-us15-million-loan-facility-with-auramet-international-inc-302192435.html

SOURCE Canada Nickel Company Inc.

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Vertex Minerals Limited Power-up Gravity Gold Plant at Reward

Perth, Australia (ABN Newswire) - Vertex Minerals Limited (ASX:VTX) (OTCMKTS:VTXXF) is pleased to announce an update on the Reward Gold mine start up, with powering the plant up now completed and mechanical commissioning underway.

The processing facility rebuild, refurbishment and installation has progressed safely, efficiently and to plan, with the focus now turning to dry and wet commissioning of the respective operating circuits.

HIGHLIGHTS

- Vertex power up the newly installed Gravity Gold plant at the Reward Gold Mine.

- The Power generation units have now been installed and plugged into the Gravity plant.

- The plant components are now all installed and connected electrically.

- Completion of the dry stack tailing storage facility and tailings pipework installation.

- The plant can now be started up and mechanically tested and operated.

- Wet commissioning and ore feed commissioning will follow.

- Ore Sorter installation will be a retrofitted in early January

- Commissioning will be with stockpiled gold ore located alongside the gold plant

Vertex's Executive Chairman, Roger Jackson, said: "On time and within budget, the refurbishment and installation activities at the Reward gravity gold processing plant are almost complete with power up testing now underway. Our focus is now switching to dry and wet commissioning in the lead up to first gold next month. This is an exciting milestone for the company given the quality of the plant and the low capex required to get to this stage".

The Reward gold mine is well placed for a simple start -up:

- The new processing plant has been installed adjacent to the underground mine portal (640 Level) and over the existing footprint of the existing plant

- The 640 Level extends into the resource and no stripping required.

- Second egress in place with existing ladder way from 640 Level to surface.

- Some underground fleet and utility services are already owned by Vertex. With new fleet arriving.

*To view photographs, please visit:
https://abnnewswire.net/lnk/B92995G8

About Vertex Minerals Limited:

Vertex Minerals Limited (ASX:VTX) is an Australian based gold exploration company developing its advanced Hargraves and Hill End gold projects located in the highly prospective Eastern Lachlan Fold Belt of Central West NSW. Other Company assets include the Pride of Elvire gold project and Taylors Rock gold/nickel/lithium project both located in the Eastern Goldfields of WA. The focus of Vertex Minerals is to advance the commercial production of gold from its NSW projects embracing an ethical and environmentally sustainable approach.

Source:
Vertex Minerals Limited

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Osisko Metals Announces Closing of C$107.4 Million "Bought Deal" Private Placement

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

Osisko Metals Incorporated (the " Company " or " Osisko Metals ") (TSX-V: OM; OTCQX: OMZNF; FRANKFURT: OB51) is pleased to announce that it has closed its previously-announced "bought deal" brokered private placement offering (the " Offering ") for aggregate gross proceeds of C$107.4 million, including the partial exercise the option granted to the Underwriters (as defined herein). In connection with the Offering, the Company issued an aggregate of (i) 70,326,229 flow-through units of the Company (" FT Units ") consisting of 64,215,117 FT Units at an issue price of C$0.50 per FT Unit and 6,111,112 FT Units at an issue price of C$0.54 per FT Unit, for aggregate gross proceeds of C$35,407,558.98 and (ii) 277,051,466 units of the Company (" HD Units ") at a price of C$0.26 per HD Unit, for aggregate gross proceeds of C$72,033,381.16.

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Falco Announces Election of Directors and Closing of Its Senior Debt Transactions

Falco Resources Ltd. (TSX.V: FPC) (" Falco " or the " Corporation ") announces that the five (5) nominees listed in the management information circular dated November 4, 2024, were elected as directors of Falco.

Detailed results of the vote for the election of directors held at the annual and special meeting of shareholders on December 10, 2024, are set out below:

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Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
REI24-23	456758	5404333	135	-55	564
REI24-24	457157	5404317	0	-60	705
REI24-25	457345	5404725	180	-60	717
REI24-26	457350	5404200	258	-50	528
REI24-27	456165	5403790	0	-60	702
REI24-28	456960	5404500	180	-70	705
REI24-29	457555	5403900	0	-55	696
REI24-30	457350	5404450	180	-60	702
REI24-31	456365	5404000	0	-60	648
REI24-32	456960	5404500	315	-60	705
REI24-35	456960	5404100	180	-60	702
REI24-37	457765	5404100	180	-60	697
REI24-38	456365	5403800	180	-60	702

Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
CR24-345	473300	5409950	356	-60	402
CR24-344	473205	5409985	0	-90	366
CR24-342	473373	5410260	170	-45	397
CR24-341	473833	5408690	0	-75	540
CR24-340	473278	5410290	173	-42	462
CR24-338	473610	5409950	0	-70	252
CR24-336	473827	5409967	0	-78	270
CR24-335	473950	5410000	0	-50	201
CR24-334A	473681	5408782	12	-70	372
CR24-333	474215	5409965	340	-77	236
CR24-332	474180	5410015	0	-72	252
CR24-331	473555	5408774	15	-74	501
CR24-330	474350	5409905	320	-80	450
CR24-329	473265	5408895	45	-70	450
CR24-328	474460	5409970	335	-55	231
CR24-327	473265	5408895	14	-66	351
CR24-326	474515	5409895	0	-80	273
CR24-325	474600	5409925	0	-80	201
CR24-324	472837	5409083	35	-55	351
CR24-323	474600	5409925	0	-50	261
CR24-322	474715	5409905	0	-80	306
CR24-321	474770	5409965	5	-75	300
CR24-320	474820	5409900	0	-80	270
CR24-319	474915	5409940	5	-84	171
CR24-318	474915	5409940	5	-50	204
CR24-317	475120	5409900	0	-80	300
CR24-316	475120	5409900	0	-50	207
CR24-315	473682	5410225	172	-54	399
CR22-298	473564	5410008	0	-55	252
CR22-296	473374	5409984	2	-70	201
CR22-295	473374	5409984	2	-50	282
CR22-294	475434	5409927	0	-70	192
CR22-291	475204	5409922	10	-50	210
CR22-288	474805	5409925	2	-70	171
CR22-287	474806	5409923	4	-50	252
CR22-286	474705	5409932	2	-70	180
CR22-285	474705	5409932	2	-50	252
CR22-284	474504	5409940	2	-50	261
CR22-283	474504	5409939	2	-75	222
CR22-282	474303	5409955	2	-75	222
CR22-281	474303	5409956	2	-50	252
CR22-272	473764	5408865	172	-82	651
CR22-267	474606	5410009	180	-75	650
CR22-265	474403	5410013	180	-75	577
CR22-257	473644	5408751	355	-45	354

Mineral Resource Estimate										Contained Metal
DOMAIN	CLASS	TONNES (Mt)	Ni (%)	Co (%)	Fe (%)	Cr (%)	S (%)	Pd (g/t)	Pt (g/t)	Ni (kt)	Co (kt)	Fe (Mt)	Cr (kt)	S (kt)	Pd (koz)	Pt (koz)
MAIN	Indicated	81.3	0.25	0.011	5.2	0.24	0.056	0.0029	0.0045	201.8	8.6	4.2	193.6	45.6	7.7	11.8
MAIN	Inferred	357.5	0.25	0.011	5.2	0.23	0.063	0.0040	0.0053	885.4	38.0	18.6	835.4	224.9	45.7	60.6

1.	The independent Qualified Person for the Mineral Resource Estimate, as defined by NI 43-101, is Dr. Scott Jobin-Bevans (P.Geo., PGO #0183), of Caracle Creek International Consulting Inc. The effective date of the Mineral Resource Estimate is July 15, 2024.
2.	The quantity and grade of reported Inferred Resources in this Mineral Resource Estimate are uncertain in nature and there has been insufficient exploration to define these Inferred Resources as Indicated or Measured. However, it is reasonably expected that the majority of Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.
3.	A cut-off grade of 0.10% Ni was used for the Main Domain (combined high- and low-grade estimated domains). Cut-offs were determined on the basis of core assay geostatistics and drill core lithologies for the deposit, and by comparison to analogous deposit types.
4.	Geological and block models for the Mineral Resource Estimate used data from a total of 22 surface drill holes, completed by CNC in 2022-2024. The drill hole database was validated prior to resource estimation and QA/QC checks were made using industry-standard control charts for blanks, core duplicates and commercial certified reference material inserted into assay batches by CNC and by comparison of umpire assays performed at a second laboratory.
5.	Estimates have been rounded to two significant figures.
6.	The Mineral Resource Estimate was prepared following the CIM Estimation of Mineral Resources & Mineral Reserves Best Practice Guidelines (November 29, 2019) and the CIM Definition Standards for Mineral Resources & Mineral Reserves (May 19, 2014).
7.	The geological model as applied to the Mineral Resource Estimate comprises three mineralized domains hosted by variably serpentinized ultramafic rocks: a relatively higher-grade core (dunite) and two, western and eastern, lower-grade envelopes (peridotite). Individual wireframes were created for each domain in Leapfrog Geo 2023.2.3 software.
8.	A 20 m x 20 m x 15 m block model was created, and samples were composited at 7.5 m intervals. Grade estimation from drill hole data was carried out for Ni, Co, Fe, Cr, S, Pd and Pt using the Ordinary Kriging interpolation method in Isatis 2024.04 software.
9.	The mineral resource estimates have been revised to include a conceptual pit envelope constraint that was developed using the following optimization parameters. Metal prices used were US$21,000/t nickel, US$40,000/t cobalt, US$325/t magnetite, US$1,350/oz palladium, and US$1,150/oz platinum. Different pit slopes were used for each layer (in degrees): 9.5 in clay, 11.6 in sand, and 45.0 in rock. Exchange rate utilized was US$/C$ at $0.75. Mining costs utilized different values for overburden (clay, gravel), selective mining, and bulk mining, ranging from C$1.62 to C$3.28/t mined. Processing costs and general and administration costs for a 60 ktpd operation (similar to the initial stage of Crawford) were C$8.40/t. Based on the range of grade and ratio of sulphur to nickel, calculated recovery averages 49% for Ni, 56% for Fe, 5% for Co and 21% for Pt and Pd.
10.	Grade estimation was validated by comparison of input and output statistics (Nearest Neighbour and Inverse Distance Squared methods), swath plot analysis, cross-plots of declustered samples against the nearest OK estimate, and by visual inspection of the assay data, block model, and grade shells in cross-sections.
11.	Density estimation was carried out for the mineralized domains using the Ordinary Kriging interpolation method, on the basis of 954 specific gravity measurements collected during the core logging process, using the same block model parameters of the grade estimation. As a reference, the average estimated density value within dunite is 2.62 g/cm ³ (t/m ³ ), while peridotite domains yielded averages of 2.69 g/cm ³ (t/m ³ ) in the west and 2.75 g/cm ³ (t/m ³ ) in the east.

Hole ID	From (m)	To (m)	Length (m)*	Ni %	Co %	Pd g/t	Pt g/t	Cr %	Fe %	S %
Mann West
MAN24-42	9.0	345.2	336.2	0.24	0.012	0.004	0.007	0.20	6.40	0.068
and	371.7	402.0	30.3	0.19	0.010	0.003	0.005	0.38	6.82	0.053
MAN24-61	17.8	374.3	356.5	0.28	0.012	0.033	0.017	0.26	5.98	0.133
including	75.0	112.5	37.5	0.52	0.013	0.107	0.058	0.14	5.80	0.203
MAN24-70	18.0	501.0	483.0	0.24	0.011	0.007	0.008	0.27	6.12	0.067
including	144.0	172.5	28.5	0.29	0.011	0.007	0.007	0.14	5.52	0.076
MAN24-73	74.2	500.4	426.2	0.25	0.012	0.009	0.009	0.25	6.30	0.061
MAN24-74	7.9	278.5	270.6	0.19	0.014	0.027	0.016	0.40	7.40	0.057
including	25.5	31.5	6.0	0.31	0.013	0.028	0.013	0.82	6.67	0.125
and	318.0	402.0	84.0	0.24	0.013	0.003	0.005	0.16	7.45	0.026
MAN24-76	12.6	495.0	482.4	0.26	0.011	0.011	0.010	0.16	5.95	0.042
including	81.0	117.0	36.0	0.29	0.012	0.036	0.014	0.16	6.11	0.089
and	162.0	196.5	34.5	0.31	0.011	0.010	0.012	0.13	5.24	0.024
MAN24-78	19.4	402.0	382.6	0.24	0.013	0.012	0.010	0.38	6.54	0.053
including	261.0	294.0	33.0	0.30	0.013	0.031	0.021	0.52	6.67	0.100
including	274.5	282.0	7.5	0.41	0.015	0.057	0.027	0.72	6.95	0.178
MAN24-82	22.0	481.5	459.5	0.21	0.012	0.017	0.016	0.37	6.76	0.047
including	61.5	360.0	298.5	0.25	0.012	0.019	0.013	0.35	6.17	0.050
including	255.0	277.5	22.5	0.30	0.013	0.025	0.014	0.58	5.91	0.069
MAN24-83	6.0	403.0	397.0	0.21	0.013	0.016	0.011	0.58	7.43	0.087
including	144.0	195.9	51.9	0.27	0.014	0.030	0.024	0.68	7.87	0.064
and	305.5	336.0	30.5	0.27	0.013	0.019	0.009	0.60	6.30	0.080
MAN24-85	69.0	493.0	424.0	0.25	0.012	0.012	0.008	0.26	6.25	0.042
MAN24-86	14.2	462.0	447.8	0.23	0.012	0.006	0.006	0.41	6.33	0.027
MAN24-89	99.0	191.2	92.2	0.22	0.012	0.013	0.009	0.47	6.71	0.042
and	210.6	428.9	218.3	0.24	0.012	0.009	0.008	0.35	6.31	0.053
including	386.0	395.0	9.0	0.35	0.013	0.054	0.020	0.75	6.45	0.120
MAN24-92	27.4	426.9	399.5	0.25	0.012	0.016	0.008	0.39	6.27	0.046
including	267.0	286.5	19.5	0.34	0.015	0.083	0.034	0.66	6.57	0.114
and	324.0	349.5	25.5	0.30	0.012	0.037	0.015	0.57	6.29	0.125
and	433.6	501.0	67.4	0.20	0.013	0.013	0.021	0.50	7.35	0.047
MAN24-93	18.0	391.0	373.0	0.24	0.012	0.009	0.007	0.34	6.43	0.039
and	406.8	470.0	63.2	0.16	0.011	0.005	0.004	0.36	7.34	0.031
MAN24-94	102.0	501.0	399.0	0.24	0.012	0.012	0.009	0.39	6.50	0.039
including	400.5	415.5	15.0	0.30	0.011	0.044	0.021	0.57	6.57	0.083
MAN24-97	18.0	360.0	342.0	0.21	0.013	0.015	0.009	0.37	6.63	0.053
and	406.5	501.0	94.5	0.23	0.012	0.003	0.003	0.39	7.10	0.021

	Head Grades (%)			Recovery (%)				Concentrate Grades (%)
	Head Grades (%)			Recovery (%)				Ni Conc.		NiCr Conc.
	Ni	S	Fe	Ni	Co	Fe	Cr	Ni	Co	Fe	Cr	Ni
Actual	0.29	0.04	5.1	47	1	57	31	60	0.10	55	4.2	0.62
Modelled	-	-	-	43	4	58	28	40	0.23	55	3.7	0.72
Difference	-	-	-	+4	-3	-1	+3	+20	-0.13	0	+0.5	-0.10

	Head Grades (%)			Total Recoveries (%)				Recovery Performance (%) Actual - Modelled
	Head Grades (%)			Total Recoveries (%)				Recovery Performance (%) Actual - Modelled
Sample ID	Ni	S	Fe	Ni	Co	Fe	Cr	Ni	Co	Fe	Cr
CNS-001	0.17	0.03	6.9	55	1.5	60	14	17	-3	-3	-19
CNS-002	0.27	0.04	5.6	54	4.9	52	34	10	1	-4	5
CNS-003	0.26	0.01	5.3	23	0.5	44	28	-4.6	-4	-12	-1
CNS-005	0.27	0.09	5.7	71	5.2	49	28	14	-5	-3	0
CNS-006	0.30	0.05	5.5	67	4.7	61	35	17	1	6	6
CNS-007	0.28	0.04	5.5	43	0.7	59	32	-0.3	-3	4	4
CNS-008	0.18	0.01	7.5	36	1.1	55	31	7.9	-3	-8	0
CNS-009	0.27	0.01	5.2	33	2.0	47	29	5.0	-2	-16	-2
CNS-010	0.20	0.02	7.7	42	0.7	63	37	10	-3	3	8
CNS-011	0.16	0.03	7.4	60	1.5	61	20	23	-3	-1	-13
Average	0.23	0.03	6.2	48	2.3	55	29	10	-2	-3	-1

Hole ID	From (m)	To (m)	Length (m)	Pt+Pd (g/t)	Pd g/t)	Pt (g/t)	Ni (%)	Co (%)	Cr (%)	Fe (%)	S (%)
Mann West
MAN24-74	278.5	309.0	30.5	0.48	0.28	0.20	0.037	0.007	0.394	5.763	0.011
MAN24-82	481.5	501.0	19.5	0.52	0.28	0.24	0.024	0.007	0.324	5.919	0.014
MAN24-97	378.5	400.5	22	0.40	0.23	0.17	0.040	0.008	0.360	5.179	0.018
Mann South
MAN24-66	160.0	180.7	20.7	0.49	0.33	0.16	0.026	0.005	0.362	3.957	0.017
MAN24-72	44.0	54.5	10.5	0.37	0.12	0.24	0.037	0.009	0.313	5.849	0.011
MAN24-77	37.0	60.0	23	0.55	0.16	0.39	0.216	0.012	0.409	6.386	0.016
and	444.0	457.5	13.5	0.34	0.10	0.24	0.098	0.013	0.596	6.776	0.015
and	492.0	529.5	37.5	0.35	0.14	0.21	0.055	0.008	0.499	5.450	0.008
MAN24-100C	75.0	91.5	16.5	0.53	0.11	0.42	0.131	0.013	0.314	6.600	0.011
and	112.4	131.0	18.6	0.82	0.31	0.51	0.064	0.009	0.474	5.288	0.006
and	172.0	196.5	24.5	0.77	0.32	0.46	0.048	0.009	0.518	5.375	0.007
Mann Central
MAN24-64	334.9	351.5	16.6	0.52	0.33	0.19	0.043	0.008	0.371	5.291	0.019

Hole ID	Easting ( mE)	Northing ( mN)	Azimuth (⁰)	Dip ( ⁰)	Length (m)
MANN WEST
MAN24-42	496024	5411983	35	-50	402
MAN24-61	496859	5412156	215	-50	402
MAN24-70	496492	5412296	215	-50	501
MAN24-73	496604	5412445	215	-50	500
MAN24-74	495656	5412189	215	-85	402
MAN24-76	496560	5412057	215	-50	495
MAN24-78	495969	5412226	215	-85	402
MAN24-82	495980	5412379	215	-50	501
MAN24-83	496980	5412318	215	-50	450
MAN24-85	496493	5412451	215	-50	493
MAN24-86	496442	5411894	215	-50	489
MAN24-89	496297	5412494	215	-50	495
MAN24-92	496177	5412332	215	-50	501
MAN24-93	496373	5412289	215	-50	471
MAN24-94	496098	5412537	215	-50	501
MAN24-97	495765	5412456	220	-50	501
MANN SOUTH
MAN24-66	503460	5408195	35	-50	402
MAN24-72	503650	5408420	35	-50	501
MAN24-75	502081	5405730	55	-50	420
MAN24-77	502345	5405431	50	-50	540
MAN24-81	503460	5408195	220	-50	552
MAN24-84	502406	5408781	35	-50	501
MAN24-90	503140	5409045	35	-50	501
MAN24-91	503358	5408852	35	-50	483
MAN24-99	502349	5405667	55	-50	402
MAN24-100C	502169	5405546	55	-50	378
MAN24-103	501960	5405890	55	-50	402
MANN CENTRAL
MAN24-41	498466	5410751	145	-55	153
MAN24-48	498066	5410676	180	-50	402
MAN24-64	498058	5410435	180	-50	406
MAN24-68	497871	5410435	180	-50	402

*ITEM N* ^o 1 Nominee	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes AGAINST	Percentage (%) of Votes AGAINST
Mario Caron	117,113,938	99.637	426,433	0.363
Alexander Dann	109,446,599	93.114	8,093,772	6.886
Paola Farnesi	117,103,520	99.628	436,851	0.372
Luc Lessard	117,473,626	99.943	66,745	0.057
Chantal Sorel	113,119,685	96.239	4,420,686	3.761

*ITEM N* ^o 2	*Votes cast* *FOR*	Percentage (%) of Votes Cast FOR	Votes WITHHELD	Percentage (%) of Votes WITHHELD
Appointment and Remuneration of Auditor	122,925,232	99.311	852,564	0.689

*ITEM N* ^o 3	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes AGAINST	Percentage (%) of Votes AGAINST
Ordinary resolution to approve the LTIP	101,288,332	86.173	16,252,039	13.827

*ITEM N* ^o 4	Votes Cast FOR	Percentage (%) of Votes Cast FOR	Votes AGAINST	Percentage (%) of Votes AGAINST
Ordinary resolution of disinterested shareholders to approve the amendment of the Osisko Loan and the issuance of the Osisko Warrants	70,256,713	99.844	109,858	0.156

Canada Nickel Announces Appointment of Project Debt Advisor, Provides Corporate Update

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