Canada Nickel Commences Front End Engineering Design at Crawford Nickel Sulphide Project

Highlights

Crawford on track for mid-2025 construction decision and first production by year-end 2027
Front End Engineering Design led by Ausenco

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF) announced today that it has commenced Front End Engineering Design at the Company's Crawford Nickel Sulphide project led by its long-term engineering partner Ausenco Engineering Canada ULC ("Ausenco") and supported by a number of engineering firms from the project's feasibility study.

Mark Selby , CEO of Canada Nickel, said, "As we continue to successfully advance Crawford financing and permitting activities, we are confidently moving into this next phase of project development which maintains our targets of a mid-2025 construction decision and first production by year-end 2027 by sufficiently advancing engineering on a number of fronts."

The Front End Engineering Design ("FEED") step in this next phase of project development is expected to be completed by August 2024 . FEED activities will be supported by data collected during the 2024 winter geotechnical program, which is currently nearing completion. This program was focused on continuing to de-risk the project and acquiring sufficient data to allow a construction start once a decision has been made. This year's activities were focused in the process plant, primary crushing, mine stockpile and tailings management areas. These activities also included the driving of 24 test bearing-piles in the process plant and primary crusher areas which will be used for refining structural foundation designs.

About Ausenco

Ausenco is a global diversified engineering, construction and project management company providing consulting, project delivery and asset management solutions to the resources, energy and infrastructure sectors. Ausenco's experience in mining projects ranges from conceptual, pre-feasibility and feasibility studies for new project developments to project execution with EPCM and EPC delivery. Ausenco has been supporting Canada Nickel since 2020 when Ausenco was first engaged to lead the Preliminary Economic Assessment(" PEA"). After successfully completing the study, Ausenco continued to support Canada Nickel through the Feasibility Study, which was released in the fourth quarter of 2023, by supporting the metallurgical pilot plant program, the process plant and building design and the site water management design, all while coordinating project consultants.

Qualified Person and Data Verification

Arthur G. Stokreef , P.Eng (ON), Manager of Process Engineering & Geometallurgy and a "qualified person" as such term is defined by National Instrument 43-101, has reviewed and approved the technical information in this news release on behalf of Canada Nickel Company Inc.

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 ^™ , 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 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 timing and completion of FEED activities, the outcomes of the construction decision, the timing of first production, the receipt of permits, drill and exploration results relating to the target properties described herein (the "Properties"), the significance of drill results, the ability to continue drilling, the impact of drilling on the definition of any resource, the potential of the Crawford Nickel Sulphide Project and the Properties, timing and completion (if at all) of mineral resource estimates, the ability to sell marketable materials, strategic plans, including future exploration and development plans and results, and corporate and technical objectives. Forward-looking information is necessarily based upon several assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information. Factors that could affect the outcome include, among others: future prices and the supply of metals, the future demand for metals, the results of drilling, inability to raise the money necessary to incur the expenditures required to retain and advance the property, environmental liabilities (known and unknown), general business, economic, competitive, political and social uncertainties, results of exploration programs, risks of the mining industry, delays in obtaining governmental approvals, failure to obtain regulatory or shareholder approvals, and the impact of COVID-19 related disruptions in relation to the Company's business operations including upon its employees, suppliers, facilities and other stakeholders. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this press release is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. Canada Nickel disclaims any intention or obligation to update or revise any forward-looking information, whether because of new information, future events or otherwise, except as required by law. Neither TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release.

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SOURCE Canada Nickel Company Inc.

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/April2024/11/c6334.html

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Canada Nickel Makes New Discovery at Newmarket Property, Achieves Best Drill Results at Reid to Date and Announces Grant of Options and RSUs

Highlights

First two holes at Newmarket successfully intersect target mineralization including 373 metres of 0.24% nickel in NEW24-01
Best interval to date at first hole at Reid - 675 metres of 0.25% nickel including 142 metres of 0.32% nickel and 24 metres of 0.40% nickel in REI24-17
First five holes at Reid each intersect over 650 metres of target mineralization within an 800-metre-thick ultramafic sequence – approximately 2 times thicker than Crawford's Main zone

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce positive initial assay results from its 2024 exploration program including the first two holes at the Company's Newmarket property and results from the first hole from its Reid property, which delivered the best drill results to date from Reid.

A total of six holes have been completed at Reid and seventeen holes have also been completed at Crawford as part of a program to delineate an initial palladium-platinum (PGM) resource for which assays are pending. Four drill rigs are currently operating, and a fifth drill rig is expected to begin on April 1 ^st . As outlined in a conference call held on February 23, 2024 , the Company's 2024 exploration program is targeting delivery of seven additional resources by Q2-2025 and six further discoveries.

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Canada Nickel Confirms Discovery at Mann Central, Successfully Completes Initial Drilling at Mann Northwest Property

Highlights

A new discovery, Mann Central, successfully delineated across 2.5 kilometre strike length by six holes
Three additional drill holes at previously announced Mann Northwest discovery, extended mineralization across a 2.7 kilometre strike length
Mann Northwest and Mann Central are two of five targets (others are Mann Southeast, Newmarket and Reaume) each with a geophysical footprint larger than Crawford, and a combined strike length of over 25 kilometres

Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce the final set of assay results from its initial exploration program at the Mann Property, a joint venture with Noble Mineral Exploration Inc. ("Noble") whereby Canada Nickel can earn an 80% interest by completing certain cash and share payments and exploration expenditures (see original press release dated November 22, 2021 ).

Hole ID	From (m)	To (m)	Length (m)	Ni %	Co %	Pd g/t	Pt g/t	Cr %	Fe %	S %
MANN NORTHWEST
MAN23-06	6.9	402.0	395.1	0.20	0.01	0.007	0.010	0.39	7.18	0.04
MAN23-13	40.5	152.4	111.9	0.20	0.01	0.023	0.015	0.43	6.88	0.06
and	166.5	183.0	16.5	0.04	0.01	0.263	0.166	0.41	4.32	0.02
and	185.5	444.0	258.5	0.20	0.01	0.003	0.004	0.40	7.23	0.02
MAN23-14	30.0	420.0	390.0	0.23	0.01	0.005	0.007	0.22	5.96	0.03
MAN23-15	36.0	298.5	262.5	0.15	0.01	0.020	0.018	0.30	6.94	0.06
and	357.4	450.0	92.6	0.21	0.01	0.025	0.025	0.29	6.51	0.11
MANN CENTRAL
MAN23-07	80.4	266.5	186.1	0.24	0.01	0.004	0.007	0.17	6.16	0.10
and	283.5	444.0	160.5	0.24	0.01	0.005	0.007	0.17	6.22	0.02
MAN23-08	39.1	396.0	356.9	0.22	0.01	0.005	0.007	0.39	6.69	0.04
MAN23-09	96.0	402.0	306.0	0.21	0.01	0.005	0.006	0.25	6.59	0.16
including	202.5	258.4	55.9	0.25	0.01	0.005	0.007	0.12	6.31	0.12
MAN23-10	11.5	402.0	390.5	0.21	0.01	0.004	0.007	0.45	7.17	0.04
MAN23-11	10.5	402.0	391.5	0.17	0.01	0.028	0.022	0.36	6.89	0.03
*including*	117.0	145.5	28.5	0.03	0.01	0.330	0.220	0.34	5.32	0.02
and	157.7	306.0	148.3	0.22	0.01	0.003	0.004	0.33	6.82	0.03
MAN23-12	14.8	402.0	387.2	0.22	0.01	0.003	0.005	0.32	6.23	0.03

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Los Andes Copper Ltd. Announces Board Change

Los Andes Copper Ltd. (TSXV: LA) (OTCQX: LSANF) ("Los Andes" or the "Company"), announces that Non-Executive Director, Warren Gilman, is stepping down from the Board due to other business commitments. Warren will become a Senior Advisor to the Board and remains actively supportive of the Company.

Eduardo Covarrubias, Chairman of Los Andes, commented: "We would like to thank Warren for his invaluable support and time on the Board over the past three years. We are delighted that he has agreed to remain as a key Senior Advisor to the Board allowing us to continue to benefit from his extensive experience and backing."

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Bold Ventures Completes Electromagnetic Conductor Modelling at Farwell and Amends Option Agreements

Bold Ventures Inc. (TSX.V:BOL) (the "Company" or "Bold") is pleased to announce that it has completed geophysical modelling of 6 high priority electromagnetic conductors identified by a helicopter-borne, versatile time domain electromagnetic (VTEM Plus) and magnetic survey carried out by Bold in 2022. A copy of the report may be found in the Project Reports section found on the Farwell Battery and Precious Metals Project page. Combined with the geological and geophysical work accomplished to date, a drill program to test these targets has been developed

The Farwell Gold and Copper project is located approximately 55km northwest of Wawa Ontario and consists of 133 Cells and Multi Cells comprising 15,901 acres (6,935 hectares). For reporting purposes, the Farwell property has been divided into three areas exhibiting gold and copper mineralization. They are the Farwell Sulphide Zone, the Tundra Gold Horizon and the Koala Gold Area. The focus for this phase of work is the Farwell Sulphide Zone where historical diamond drilling intersected highly anomalous copper values ranging up to 1.47% Cu over 5.2m (Bennett and Thurston 1977). The Farwell property geology and exploration results can be viewed at the Farwell Battery and Precious Metals Project.

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World Copper Closes Final Tranche of Over-Subscribed Non-Brokered Private Placement

World Copper Ltd. (TSXV: WCU) (OTCQB: WCUFF) (FSE: 7LY0) ("World Copper" or the "Company") reports that pursuant to their news releases dated February 27, 2024 and April 12, 2024, the Company has closed the final tranche of their non-brokered financing, issuing an additional 16,531,957 units for proceeds of $1,157,237. Aggregate totals from both tranches total 69,547,069 units for gross proceeds of $4,868,294.89.

Each unit consisted of one common share of the Company (a "Share") and one-half of one common share purchase warrant (a "Warrant"). Each whole Warrant entitles the holder to acquire one additional share of the Company for a period of two years from the date of issuance at a price of $0.17 per share. The expiry of the Warrants may be accelerated if the closing price of the Company's common shares on the TSX Venture Exchange ("TSXV") is equal to or greater than $0.30 for a minimum of twenty consecutive trading days and a notice of acceleration is provided in accordance with the terms of the Warrants.

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Quetzal Copper Samples 3.8 M of 2.4% Copper Associated with EM Geophysical Target Extending to 350M Depth at Cristinas Project

Highlights:

Surface rock chip channel sample returns 3.8m of 2.4% Copper and 162 g/t Silver at the Cristinas mine target.
Geophysical survey over the mine target area shows a conductor associated with mineralization that extends, untested, to at least 350m depth beneath historic shallow drilling.
A second conductor in the hanging wall of the mine target adds an additional drill target.
Drilling commencing in May 2024 to test open copper intercepts and geophysical targets at the Cristinas project.

Quetzal Copper Corp. (TSXV: Q) ("Quetzal" or the "Company"), a copper-focused exploration company, is pleased to announce the results of the due diligence surface rock sampling campaign and geophysical survey at the Cristinas Project, Chihuahua Mexico.

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Interra Provides Rip Copper Molybdenum Project Exploration Update

Interra Copper Corp. (CSE: IMCX) (OTCQB: IMIMF) (FSE: 3MX) ("Interra" or the "Company") is pleased to provide detail of the first phase exploration program at the Rip Copper Project (the "Project" or "Rip") in the Stikine region of British Columbia. The Rip Project is situated approximately 33 km northeast of Imperial Metals' past producing Huckleberry copper-molybdenum ("Cu-Mo") mine (see Figure 1), which is presently on care and maintenance. Imperial Metals Corporation is exploring Huckleberry and its surrounding claims for additional Cu-Mo resources.

In late 2023, the Company first announced its option agreement with ArcWest Exploration Inc. ("ArcWest") to acquire an 80% interest in ArcWest's Rip Cu-Mo project. Interra can earn the first tier of its interest in the project by completing staged exploration work totalling C$2.0 million and direct payment of C$100,000 and annual share payments over 4 years until end of 2027. Interra is currently funded for, and anticipates, it will meet and likely exceed its 2024 and 2025 obligations for the earn-in of C$300,000 and C$500,000 in expenditures respectively with the budget outlined in this 2 stage program. The initial program is staged into 2 work phases: 1) A geophysical program to define drill targets, commencing in late April and; 2) A diamond drilling program tentatively scheduled for Q3/Q4 of 2024.

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Hole ID	From (m)	To (m)	Length (m)*	Ni %	Co %	Pd g/t	Pt g/t	Cr %	Fe %	S %
REI24-17	27.0	702.0	675.0	0.25	0.012	0.010	0.007	0.69	5.99	0.07
including	304.5	447	142.5	0.32	0.013	0.024	0.012	0.71	5.73	1.27
Including	385.5	409.5	24.0	0.40	0.014	0.027	0.011	0.70	5.89	1.50

Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
REI24-17	456365	5403800	0	-60	702
REI24-18	456760	5404150	180	-60	720
REI24-19	456960	5404305	180	-60	726
REI24-20	456565	5404100	180	-60	702
REI24-21	456565	5404300	180	-60	702
REI24-22	456565	5404300	0	-60	492

Hole ID	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
NEW24-01	510729	5404260	50	-50	418
NEW24-02A	510007	5404669	40	-50	417

Hole ID	Zone	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
MAN23-01	NW	495641	5412486	235	-50	432
MAN23-02	NW	495967	5412226	235	-50	402
MAN23-03	NW	495967	5412226	35	-50	402
MAN23-04	NW	496257	5411972	235	-50	402
MAN23-05	NW	495360	5412699	225	-50	402
MAN23-06	NW	499728	5413633	0	-50	402
MAN23-07	CE	498762	5410346	345	-50	444
MAN23-08	CE	498762	5410346	180	-50	396
MAN23-09	CE	499200	5410800	160	-50	402
MAN23-10	CE	497600	5410380	0	-50	402
MAN23-11	CE	497600	5410380	180	-50	402
MAN23-12	CE	496800	5410171	0	-50	402
MAN23-13	NW	494930	5413340	240	-50	444
MAN23-14	NW	494429	5413990	62	-50	420
MAN23-15	NW	494845	5413725	60	-50	450

Hole ID	From (m)	To (m)	Length (m)	Ni %	Co %	Pd g/t	Pt g/t	Pd+Pt g/t	S %
BAN23-01	65.0	347.0	282.0	0.27	0.010	0.004	0.008	0.012	0.01
including	239.0	284.0	45.0	0.30	0.010	0.006	0.015	0.021	0.01
including	275.0	279.5	4.5	0.34	0.010	0.010	0.056	0.066	0.01
BAN23-02	63.5	386.0	322.5	0.28	0.010	0.007	0.008	0.015	0.09
including	285.5	360.5	75.0	0.31	0.010	0.021	0.018	0.039	0.10
including	300.5	312.5	12.0	0.34	0.012	0.098	0.068	0.166	0.12
BAN23-03	32.0	332.0	300.0	0.29	0.009	0.003	0.004	0.007	0.02
including	239.0	263.0	24.0	0.34	0.010	0.010	0.004	0.014	0.03
BAN23-04	44.0	399.9	355.9	0.27	0.010	0.011	0.009	0.020	0.05
including	197.0	251.0	54.0	0.38	0.011	0.034	0.017	0.051	0.05
including	233.0	249.5	16.5	0.54	0.013	0.072	0.034	0.106	0.21
BAN23-05	10.8	401.0	390.2	0.28	0.010	0.005	0.005	0.010	0.02
including	98.0	108.5	10.5	0.34	0.010	0.017	0.014	0.031	0.03
and	143.0	146.0	3.0	0.48	0.011	0.066	0.039	0.105	0.09
BAN23-06	62.0	214.8	152.8	0.21	0.010	0.006	0.008	0.014	0.13
and	271.7	332.0	60.3	0.21	0.010	0.005	0.006	0.011	0.07

Sample	X (UTM)	Y (UTM)	Width (m)	Cu (%)	Ag (g/t)	Co (%)
E792001	478235	3196588	0.3	0.0%	0.1
E792002	477656	3196389	0.5	1.1%	12.8
E792003	477214	3196135	0.5	0.9%	8.0
E792004	477052	3197216	0	0.6%	0.5
E792005	476219	3197781	0.1	7.0%	10.6	0.03%
E792006	477268	3196644	1.2	1.4%	26.1	0.02%
E792007	477269	3196647	1.0	2.0%	25.6	0.02%
E792008	477286	3196640	0.8	0.7%	10.6	0.12%
E792009	477288	3196667	0.3	2.4%	284.0	0.11%
E792010	477297	3196663	0.2	3.6%	32.3	0.23%
E792011	477314	3196683	0.3	2.8%	80.4	0.01%
E792012	477315	3196685	0.5	3.0%	95.3	0.01%
E792013	477470	3196564	0.5	4.7%	39.0	0.28%
E792014*	477436	3196535	1.0	3.5%	47.1
E792015*	477436	3196536	1.0	1.5%	19.3	0.01%
E792016*	477438	3196538	0.8	1.2%	4.2	0.01%
E792017*	477442	3196539	1.0	3.3%	91.4
E792018	477448	3196533	1.4	1.2%	374.0	0.01%
*Samples that make up the channel sample composite of 3.8m at 2.4% Cu and 162 g/t Ag.

Hole ID	From (m)	To (m)	Length (m)	Ni %
GBN21-01	71.5	232.4	160.9	0.24
*including*	103.0	125.6	22.6	0.30
*with*	118.0	125.6	7.6	0.38
GBN21-02	40.5	337.0	296.5	0.28
*including*	98.0	210.0	112.0	0.32
*with*	147.0	195.0	48.0	0.34
GBN21-03	39.3	381.0	341.7	0.28
*including*	256.5	321.0	64.5	0.30
GBN21-04	115.5	309.0	193.5	0.31
*including*	133.5	162.0	28.5	0.40
*and*	225.0	247.5	22.5	0.41
GBN21-05	49.7	219.0	169.3	0.20
*including*	79.5	105.0	25.5	0.27
GBN21-06	60.0	247.5	189.0	0.27
*including*	133.5	174.0	40.5	0.30
*and*	210.0	235.5	25.5	0.31
GBN21-07	36.0	405.0	369.0	0.24
*including*	160.5	273.0	112.5	0.27
*with*	231.0	273.0	42.0	0.29
GBN21-08	72.0	303.0	231.0	0.24
*including*	132.0	258.0	126.0	0.28

Hole ID	Zone	Easting (mE)	Northing (mN)	Azimuth (⁰)	Dip (⁰)	Length (m)
BAN23-01	B	506714	5313946	245	-50	347
BAN23-02	B	507020	5313630	235	-50	386
BAN23-03	B	507113	5313412	240	-61	332
BAN23-04	B	506820	5313767	245	-55	401
BAN23-05	B	506890	5313398	55	-50	401
BAN23-06	B	506855	5313908	120	-50	332

Canada Nickel Commences Front End Engineering Design at Crawford Nickel Sulphide Project

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Overview

Company Highlights

Key Project

Crawford Nickel-Sulphide Project

Management Team

Mark Selby - CEO

Wendy Kaufman – CFO

Steve Balch – VP Exploration

Pierre-Philippe Dupont – VP Sustainability

Desmond Tranquilla – VP Projects

Chris Chang – VP of Corporate Development

John Leddy – Senior Advisor Legal & Strategic Matters

Adam Schatzker – VP Corporate Development

David Smith – Chairman

Francisca Quinn – Director

Jennifer Morais – Director

Mike Cox – Director

Kulvir Singh Gill – Director

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