corporate presentation july 2014

TSX-V : NAN

Maniitsoq Project

Sulphide Hosted Nickel Copper Cobalt & Precious Group Metals

Southwest Greenland

100% Owned

North American Nickel Inc. TSX-V: NAN www.northamericannickel.com

Forward Looking Statements:

Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. North American Nickel undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.

TSX-V : NAN

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www.northamericannickel.com

Acquired the (Sudbury Basin sized) Maniitsoq

property in Greenland in August, 2011; 100% owned

High grade nickel sulphide mineralization (locally

over 7% nickel at Imiak Hill) intersected in 2013

drilling

Over +200 conductive target zones identified

through Helicopter EM (VTEM) geophysical surveys

Extensive prospective belt (15km x 75km) hosting

mineralized intrusions within a large meteor impact

structure

$11M invested to date; Cash position today $13M

VMS Ventures holds 22% of NAN shares

Sentient Group holds 41.2% of NAN shares

(the Sentient Group manages over $2.7B in quality

metal, mineral and energy assets across the globe.)

www.northamericannickel.com

North American Nickel: Overview

CAPITAL STRUCTURE

(as at July, 2014)

Issued & Outstanding: 169,844,853

Warrants: ($0.21 - $1.00) 25,137,027

Options: 7,687,500

Fully Diluted: 202,669,380

52 Week High/Low $0.65/$0.16

Current Price $0.60

Market Cap $101 million

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Why Own North American Nickel?

The Right Geology Maniitsoq’s geology is exemplary for district scale nickel potential:

Abundance of high-grade Ni+Cu±Co±PGE sulphide occurrences throughout a 75 x15 km belt

Sulphide mineralization has consistently high nickel tenor

Ni+Cu±Co±PGE occurrences are related to a large-scale, mafic igneous event associated with major, long-lived structures

Mineralogical test work indicates potential for good Ni recovery using conventional techniques

The Right Place

Greenland is a secure, first world political jurisdiction supported by pro-mining government

Greenland, outside of infrastructure and labor supply, is ranked top 10 in the Fraser Institute’s annual survey of mining jurisdictions around the world

In 2013 Greenland issued an exploitation licence to London Mining for the >1 billion tonne Isua Iron deposit situated 50 km inland from the Maniitsoq project

Adjacent to tide water that is navigable year-round. Southwest Greenland is warmed by the Gulf Stream current

www.northamericannickel.com 4

Why Own North American Nickel?

The Right Technology: “A New Technology in and Old Camp”

Modern, helicopter-borne, time domain electromagnetic (TEM) technology has proven successful at locating Ni+Cu±Co±PGE mineralization that previous (large fixed wing) airborne surveys missed due to difficulties associated with rugged terrain

The Right People

Excellent technical team with over 150 years of exploration and mining experience

Management has a discovery track record

VMS Ventures Reed Lake Copper Mine, Manitoba

NAN has strong strategic investors

The Sentient Group owns 41.2%

VMS Ventures Inc. owns 22%

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www.northamericannickel.com

High Grade Results at the

Imiak Hill Conduit Complex (IHCC)

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IMIAK HILL

MQ-13-026: 18.62m @ 4.31% Ni, 0.62% Cu, 0.14% Co

Incl. 4.01m @6.04% Ni, 0.64% Cu, 0.19% Co

Incl.7.12m @ 5.18% Ni, 0.81% Cu, 0.17% Co

MQ-13-028: 24.75 m @ 3.19% Ni, 1.14% Cu, 0.11% Co

Incl. 17.91m @ 3.80% Ni, 1.42% Cu, 0.13% Co

IMIAK NORTH

MQ-12-005: 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co

Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co

Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co

SPOTTY HILL

MQ-13-029: 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co

Nickel Supply/Demand: In Our Favor

The Nickel market is likely to face large deficits in 2nd half of this decade – only a doubling of NPI output could

balance it (difficult given Indonesian ore constraints combined with Chinese cost pressures) Nickel prices, as in

2005‐2007, will likely have to rise to force demand in line with available supply.

China is going to need 1+ MILLION tonnes more nickel annually during this decade and ROW will

also need more.

Supply response will be structurally insufficient as current projects under construction only

provide half this requirement (at best, as many are struggling) and “project cupboard” is largely

empty ‐ underpinned by 35+ years of underdevelopment.

www.northamericannickel.com

Courtesy of Royal Nickel

Presentation, Jakarta

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www.northamericannickel.com 8 www.northamericannickel.com North American Nickel Inc. TSX-V: NAN

Maniitsoq Project 2014

Building High Grade Tonnage at IHCC

Exploration Drilling at Regional Targets

Throughout the Greenland Norite Belt

Location

Maniitsoq harbour looking east towards the Maniitsoq project on the mainland

Located on the southwest coast of Greenland, which is pack ice free year-round.

Maniitsoq’s mild climate allows for all year round mining & shipping of concentrate.

Greenland is a democratic, pro-mining country with a transparent regulatory system, competitive mining tax regime and no land claims issues.

Maniitsoq Ni-Cu-Co-PGM Project

South West Greenland

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Greenland’s capital, Nuuk, is 30 minutes by helicopter and provides European standard coastal re-supply and logistics facilities 4 to 6 hours shipping time to Maniitsoq coastline.

Maniitsoq is a greenfields nickel sulphide exploration project with valuable by-products.

NAN owns 100% of Maniitsoq via two contiguous exclusive mineral exploration licences covering 3,601 km2.

Maniitsoq has the scale and the potential metal endowment to be the world’s next nickel sulphide province.

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Maniitsoq Ni-Cu-Co-PGM Project

South West Greenland

Property

Deposit Model

Mantle melting (possibly in response to a giant impact).

Hot ultramafic magma flows to surface through a

“conduit system” comprised of restricted conduits

and larger magma chambers.

Hot magma assimilates country rock (locally sulphidic)

resulting in sulphur saturation and production of a

sulphide liquid.

Ni+Cu+Co±PGE sulphide collects in zones of lower

velocity within the conduit system.

Continual magma flow upgrades the nickel tenor of

sulphide already deposited.

Magmatism eventually ceases and conduit system is

preserved as noritic rock.

Over time, uplift and erosion expose parts of the

magma conduit system and some of the

Ni+Cu+Co±PGE sulphides.

Erosion levels will likely vary considerably across the

project area exposing many different levels of the conduit

system.

Modified after Maier et al., 2001 www.northamericannickel.com 11

J. Mungall, Ni Short Course Fig 4

Potential Sulphide

Accumulation Sites

in a Magma Conduit

The Problem

Historical exploration relied on surface prospecting augmented by surface and fixed wing geophysical surveys.

Surface prospecting was successful at locating outcropping mineralization but airborne and surface geophysics were unable to detect much in the subsurface because they were hampered and severely impaired by the rugged terrain.

Historical drilling was shallow (average hole length <55 meters) and could not successfully follow mineralized zones because there was little, or no, geophysical data to guide it.

The Solution

Helicopter-borne time domain EM (TDEM) hugs the terrain and detects mineralization not seen by the historical airborne and surface surveys.

Borehole TDEM greatly increases the “search radius” of our holes and allows us to model conductors related to sulphide mineralization in three dimensions.

Helicopter & Borehole TDEM at Maniitsoq

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New Technology in an Old Camp

Imiak Hill Conduit Complex (IHCC)

www.northamericannickel.com

12 km2 area at north end of the

Greenland Norite Belt.

Three mineralized norites

within a 2 km radius

Imiak Hill

Imiak North

Spotty Hill

Only 25 km from nearest tide

water at Kangia Fjord.

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Hosts Strongest Mineralization Discovered To Date

Imiak Hill Conduit Complex: Three Mineralized Intrusions

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Imiak Hill Longitudinal Section

NAN’s 2013 drilling has intersected Zones 10 and 30 at

depth. Deepest intersection is 185m vertically below

surface.

Zone 30 sulphide mineralization is increasing in intensity

with depth.

www.northamericannickel.com

MQ-13-023 (Zone 10) 10.33m (5.94m) @ 1.10% Ni, 0.38% Cu

MQ-13-028 (Zone 30) 24.75m (11.08m) @ 3.19% Ni, 1.14% Cu

MQ-13-026 (Zone 30) 25.51m (11.94m) @ 3.25% Ni, 0.48% Cu

MQ-13-019 (Zone 30) 8.68m (5.58m) @ 1.53% Ni, 0.43% Cu

MQ-13-024 (Zone 30) 14.90m (8.33m) @ 2.67% Ni, 0.39% Cu

MQ-13-019: 8.68m (5.58m)* @ 1.53% Ni, 0.43% Cu, 0.06% Co

MQ-13-024: 14.90m (8.33m)* @ 2.67% Ni, 0.39% Cu, 0.09% Co

MQ-13-026: 25.51m (11.94m)* @ 3.25% Ni, 0.48% Cu, 0.11% Co

Incl. 18.62m (8.70m)* @ 4.31% Ni, 0.62% Cu, 0.14% Co

MQ-13-028: 24.75 m (11.08m)* @ 3.19% Ni, 1.14% Cu, 0.11% Co

Incl. 17.91m (8.10m)* @ 3.80% Ni, 1.42% Cu, 0.13% Co

And 2.40 m (1.10m)* @ 4.44% Ni, 1.13% Cu, 0.15% Co

BHEM response is also increasing with depth.

Open at depth.

*Estimated true width is shown in brackets

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2013: Oct. 10, 2013 News

Imiak North Discovery:

9.99 m @ 4.65% Ni

55.75 m @ 1.28% Ni, 0.36% Cu, 0.04%Co, 0.06 g/t TPM

Incl. 9.99 m @ 4.65% Ni, 0.33% Cu, 0.13% Co, 0.14 g/t TPM

www.northamericannickel.com

64.11 m @ 0.44% Ni, 0.20% Cu, 0.01%Co, 0.04 g/t TPM

Incl. 24.98 m @ 0.71% Ni, 0.31% Cu, 0.01% Co, 0.07 g/t TPM

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2013 ADDITIONAL DRILLING:

2012 DISCOVERY:

Spotty Hill:

Mineralized to 145m and Open at Depth

123.94 m of high grade sulphides in hole MQ-12-005.

119 m of anomalous mineralization in MQ-12-009.

Significant 2012 Drill intersections from Spotty Hill

www.northamericannickel.com

123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26 g/t PGM

Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGM

Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM

MQ-13-022

Collared 53 m southeast of MQ-12-005.

Intersected 20.07 m grading 0.68% Ni, 0.28% Cu,

0.02% Co and 0.32 g/t TPM.

Including 2.07 m assaying 2.03% Ni, 0.11% Cu,

0.07% Co and 0.78 g/t TPM.

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Fossilik Area:

Additional Tonnage Potential for an IHCC

Mining Complex

Hole MQ-13-018

3 zones of disseminated mineralization:

32.19m @ 0.59% Ni, 0.18% Cu, 0.21 g/t TPM*

Incl. 4.53m @ 1.06% Ni, 0.23% Cu, 0.33 g/t

TPM*

26.00m @ 0.24% Ni, 0.11% Cu, 0.16 g/t TPM*

Incl. 9.00m @ 0.42% Ni, 0.15% Cu, 0.27 g/t

TPM*

8.71m @ 0.26% Ni, 0.15% Cu, 0.12 g/t TPM*

*TPM = total precious metals (Pt+Pd+Au)

Within 10 km of the IHCC

New discovery: MQ-13-018

Two historical occurrences with

grades up to 2.24% Ni and 0.63%

Cu plus a new discovery in hole

MQ-13-018

2014 Field Program

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Two-Drill Program

Drill One

Dedicated to the Imiak Hill Conduit Complex

(IHCC)

Imiak Hill

Imiak North

Spotty Hill

Drill Two

Regional targets throughout the Greenland

Norite Belt and project area.

Current regional targets are indicated on map.

Crone BHEM crew will be on site to survey holes

as they are completed.

Other 2014 Activities

Focussed surface geophysics at IHCC and

other selected targets.

Advisory Board

Dr. Tony Naldrett: Tony is an internationally recognized expert in the field of nickel sulphide mineralization and was

Professor of Geology at the University of Toronto from 1967 to 1998. He has authored or co-authored over 240 refereed papers and

8 books and has supervised 15 M.Sc. and 16 Ph.D. students and 15 Postdoctoral Fellows with focus on magmatic nickel, copper

and platinum-group element sulphide deposits, worldwide.

Mr. Alex Balogh: Alex is the former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of

Noranda Minerals Inc. He has served as Chairman and Director for various mining organizations, sits on The Sentient Council and

is a current member of the Advisory Board of Hatch Associates. Mr. Balogh is a metallurgical engineer and has more than 40 years

of experience in the mining and metallurgical industry.

Dr. James M. Patterson , P.Geo., Ph.D. , Technical Advisor: James is the former Geological Consultant, Vice President

Exploration and VP & Executive Consultant with FNX Mining Company Inc. He was instrumental in the revival and building of

the company from a market capitalization of $20 million to $2.5 billion. Dr. Patterson has over 40 years experience in mineral

exploration globally. Dr. Patterson received his Ph.D. Mining Geology from the University of London, England, Diploma of Imperial

College from Imperial College, London, England, BA (Honours) in Natural Sciences – Geology from Trinity College, University of

Dublin, Ireland, and has over 25 publications on mineral exploration.

Independent Directors

Gilbert Clark, Director, NAN: Mr. Clark is a European based Geologist with more than 13 years of industry experience; principally

in mining and international resource developments. He is currently an Investment Advisor with The Sentient Group, an

independent private equity investment firm specializing in the global resources industry.

Jim Clucas, Director & Audit Committee Member, NAN: Jim was Chief Financial Officer of Inco’s Canadian operations and

has been involved in the development of several mineral deposits, including the Snow Lake Mine (High River Gold Mines), Montana

Tunnels (Pegasus Mining) and the Fenix Project in Guatemala. He was the founder of International Nickel Ventures Inc. which

acquired and developed the Santa Fe/Ipora Nickel Laterite deposit in Brazil. Jim is currently President and CEO of Search Minerals.

Advisory Board & Independent Directors

www.northamericannickel.com 20

Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. Interim CEO, President & Director: Mark has 35

years of industry and government experience, including Chief Geologist of the Mineral Deposits Section in Manitoba.

He is a recipient of the Canadian national award for outstanding geoscientific achievement.

Neil Richardson P. Geo. COO: Neil has a long history of mineral exploration and mining experience with Hudbay

Minerals and others. As the COO of both companies, Neil is responsible for creating and implementing exploration and

development programs.

John Pattison, P. Geo., B.Sc. Chief Geologist: John worked with Falconbridge Limited and associated companies

for 19 years managing base metal, PGE and gold exploration projects throughout Canada and southern Africa. He has

led the Maniitsoq Project since its inception at NAN in 2011.

Patricia (Patti) Tirschmann, HBSc., M.Sc., P. Geo., Principal Nickel Geologist: Patti has 25 years of exploration

experience specializing in magmatic nickel-copper sulphide deposits. Patti served for six years as Vice President,

Exploration for Continental Nickel and worked for over eighteen years with Falconbridge Limited/Xstrata plc in various

roles including Senior Geologist, International Nickel Sulphide Exploration.

Jim Sparling, P. Geo., B.Sc., MBA Project Manager NAN: Jim has worked for over 25 years in the exploration

industry, most recently as COO for Skyline Gold and Exploration Manager for StrataGold, He is the principal geologist

for the Maniitsoq Project in Greenland.

John Roozendaal B.Sc, Director of NAN; President of VMS Ventures: John was the founding director of VMS

Ventures Inc. He has 20 years of Mineral Exploration experience and was directly involved in the Reed Copper

discovery.

NAN Management

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Appendix

Maniitsoq Project:

Economic Geology (Pgs. 23-27)

Exploration History (Pgs. 28-29)

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Project Geology

Nickeliferous Noritic Intrusions

Concentrated in a 75 x 15 km curvilinear belt known as the Greenland Norite Belt.

Range in size from small dykes and plugs to elongated bodies covering up to 8 km2. (Fossilik intrusion, new discovery Sept. 26, 2013).

Hybridized margins and xenoliths of partially resorbed country rock are common.

Believed to represent open ended magma conduits.

Country Rocks

Mesoarchean gneiss (mainly TTG) and amphibolite (volcano-sedimentary rocks that are often sulphide-bearing).

www.northamericannickel.com 23

Norite Intrusions

Distinct Appearance

Rounded hills covered with brownish-grey, often rusty, coarse gravel.

Multi-phase: compositions range from quartz diorite, through norite, to lherzolite. Gabbronorite is most common.

Locally pyroxenes are partially or completely replaced by hornblende.

Post Kinematic

Massive, little or no foliation except at margins.

Magmatic textures are well preserved.

Contacts often crosscut country rock foliation.

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Sulphide Mineralization

Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite.

Often coarse-grained.

Likely to produce a clean concentrate.

Inclusion-bearing sulphide (i.e. solid sulphide matrix with fragments of host rock) is a common texture.

Disseminated, blebby, net texture and vein sulphides are also common.

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Nickel Deportment - QEMSCAN M

ass (

% N

i)

Legend

Pentlandite is the main nickel-

bearing mineral and contains 95.5

to 96.3% of all the nickel in the

samples.

Total potentially floatable

pentlandite ranges from 96.3 to

97.6%.

Pyrrhotite hosts 2.71 to 4.03% of

the nickel.

Silicates host < 1% of the nickel.

Sample

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Elemental Deportment (Mass % Ni)

NAN’s 2012 Drill Program

1,551 METERS in 9 HOLES in 3 AREAS

Spotty Hill VTEM conductor P-55 tested intercepts:

123.94 m at 0.81% Ni, 0.21% Cu and 0.03% Co

incl. 24.20 m at 1.75% Ni, 0.34% Cu and 0.06% Co

Imiak Hill VTEM Conductor P-54 tested intercepts:

26.98 m at 0.98% Ni, 0.44% Cu and 0.04% Co

incl. 16.64 m at 1.36% Ni, 0.52% Cu and 0.05% Co

Fossilik II VTEM conductors P-58 & P-59 tested:

Anomalous mineralization and off hole BHEM conductors

Follow-up planned in 2014

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Historical Work

Kryolitselskabet Øresund, 1962 to 1973: extensive mapping, prospecting defining the trend and shallow diamond drilling (average hole length <55 m), no subsurface geophysical modelling to orientate drilling but some success: Fossilik II: 12.89 m @ 2.24% Ni and 0.63% Cu

Cominco & Falconbridge, 1993 to 2000: Cominco flies extensive fixed wing time domain EM unsuited to undulating terrain and hampered by flight path.

Falconbridge completed surface magnetic and EM surveys, plus extensive high quality re-analysis of historical core that confirmed historical high-grade assays and establish Maniitsoq nickel tenor.

Neither Cominco nor Falconbridge did any drilling.

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Nickel Tenor

Ni vs. S for Historical GNB Drill Core

Nickel tenor is the amount of nickel in pure sulphide and it tends to be consistent on a deposit scale.

Falconbridge studied core from drill holes throughout the entire 75km long Greenland Norite Belt.

The norite-hosted sulphides have a remarkably consistent nickel tenor of 6 to 8% nickel recalculated to 100% sulphide.

The Nickel Calculator

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