Maniitsoq Ni-Cu Sulphide Project,

SW GreenlandApril 2015

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Forward Looking Statements:

Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks and uncertainties.Without limitation, statements regarding potential mineralization andresources, exploration results, and future plans and objectives of theCompany are forward-looking statements that involve various risks. Thefollowing are important factors that could cause the Company’s actualresults to differ materially from those expressed or implied by suchforward-looking statements: changes in the world wide price of mineralcommodities, general market conditions, risks inherent in mineralexploration, risks associated with development, construction and miningoperations, the uncertainty of future profitability and the uncertainty ofaccess to additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results and futureevents 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 oropinions should change. The reader is cautioned not to place unduereliance on such forward-looking statements.

TSX-V: NAN

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COMPANY OVERVIEWExploring for nickel-copper sulphides in Greenland and Canada

Prospector and Developer of the Year 2015 Award; Government of Greenland

Company listed on the TSX-V in May 2011

Corporate head office in Vancouver, Canada

Flagship Maniitsoq project in SW Greenland

with district scale land position with significant

greenfields Ni-Cu drill intersections

Experienced management, board and advisors

with technical and operational nickel expertise

Well financed with strong cornerstone investor

CAPITAL STRUCTURE (As at April 2015)

Issued & Outstanding: 172,970,855

Warrants: ($0.21 - $1.00) 18,842,352

Options: 13,398,000

Fully Diluted: 205,211,207

52 Week High/Low $0.65/$0.195

Current Price $0.24

Market Cap $41 million

Cash $5.8 million

SIGNIFICANT SHAREHOLDERS

Sentient Group 41.2%

VMS Ventures 22%

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NAN: FOCUSED NiS STRATEGY

Nickel consumption in 2014 was

estimated as 1.92Mt, which is

forecast to increase in 2015 to

1.98Mt, and by a further 2.7% in

2016 to 2.04Mt

This is the equivalent of consuming

10 10MT-2% nickel orebodies every

year

Approximately half of the primary

nickel consumption will take place in

China. China is currently consuming

approx. 900,000t nickel per annum

Approximately 18% of the total

world’s nickel production comes from

Indonesia

Source: CRU, Wood Mackenzie

Strategic Objective: Discover a New Long Term NiS Source

Source: Wood Mackenzie, RNC (Jan 2015)

Depletion of low cost sulphide deposits; supply shifting to higher cost laterite sources

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NICKEL SULPHIDE vs NICKEL LATERITE

73% of the world known nickel resources are found in laterite deposits

Nickel sulphide deposits are being mined faster than they can be discovered

NICKEL SULPHIDE NICKEL LATERITE

Lower unit energy cost Unit energy costs 2 - 5 times higher

well established, conventional extraction process Complex extraction process

Lower cash cost to produce Higher cash cost to produce

Lower environmental impact Increased environmental impact during production

and processing with higher carbon dioxide

emissions and land disruption

Few known, undeveloped high grade nickel

sulphide deposits

Many known and undeveloped nickel laterite

deposits

Source: Mudd, GM, 2009 Nickel Sulphide Versus Laterite: The Hard Sustainability Challenge Remains

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MANAGEMENT & TECHNICAL TEAM

Keith Morrison, P. Geo. – Chief Executive Officer

Over 35 years of international experience in the resources sector with an accomplished background in strategy, finance,

exploration, technology, global operations, capital markets and corporate development. Formerly, Mr. Morrison co-founded

two significant Canadian-based success stories, Quantec and QGX

Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President

40 years of industry and government experience; Fellow of Assoc. of Applied Geochemists; former Chief Geologist,

Mineral Deposits Section, Manitoba Geological Survey

Cheryl Messier, CGA - Chief Financial Officer

Over 15 years in finance with last 7 years as CFO or controller in various public companies

Neil Richardson, P. Geo. - Chief Operating Officer

Over 26 years in mineral exploration (base metals, nickel and gold) and mining operations in Canada and globally;

extensive experience in resource-reserve estimations and operations primarily with Hudbay and Murgor

Patricia Tirschmann, P. Geo., HBSc., M.Sc. – Vice President, Exploration

26 years specializing in magmatic nickel-copper sulphide exploration in Canada and globally including 18 years with

Falconbridge Limited; most recently Vice President Exploration for Continental Nickel Limited

Jim Sparling, P. Geo., B.Sc., MBA - Project Manager

Over 25 years exploring for base metals, gold and nickel; member of Hudbay team that discovered four economic ore

bodies in the Flin Flon-Snow Lake belts; recently COO for Snip Gold and Exploration Manager for StrataGold

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DIRECTORS

John Sabine - Non-executive Chairman

Senior Counsel to Bennett Jones LLP with over 40 years of legal expertise in mining, corporate reorganizations, securities,

financings and mergers and acquisitions

Keith Morrison, – Chief Executive Officer

Douglas Ford - Director

27 years working in public markets, serving as CFO and board member for a number of junior companies; extensive experience in

corporate finance, financial reporting, compliance, public and media relations and operations

Mark Fedikow, - President

Gilbert Clark - Director

Geologist with more than 13 years of industry experience principally in mining and international resource developments; currently

an Investment Advisor with The Sentient Group, an independent private equity investment firm specializing in the global resources

industry

Jim Clucas - Director

Former Chief Financial Officer of Inco’s Canadian operations and 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; founder of

International Nickel Ventures Inc.; currently President and CEO of Search Minerals

Edward Ford - Director

Chartered accountant and specialist in venture capital and bridge financing; over 40 years experience creating and implementing

financial development plans for client enterprises in Canada and the US

John Roozendaal - Director

20 years of mineral exploration experience; founding director, Interim CEO and President of VMS Ventures Inc.; directly involved in

the Reed Copper discovery

GREENLAND: OPEN FOR BUSINESS

POPULATION: 59,900

Capital: Nuuk

Government: Greenland is a democratic country

with a transparent regulatory system,

competitive mining tax regime and no land

claims issues

Pro Mining: Committed to resource extraction

A number of mining projects in the Exploitation

permitting process and one in construction

phase.

Government 100% land ownership

Tax and Royalty Rates: Effective Corporate Tax

Rate: 31.8% (same for Greenlandic and foreign

companies); royalty: 5.5% (mining)

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LOCATION AND INFRASTRUCTURE

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

Mild climate allows for year round mining & shipping of concentrate

Modern, well serviced container ports and European standard logistical support and coastal re-supply services

Maniitsoq harbour looking east towards the Maniitsoq project on the mainland

ACCESS GLOBAL MARKETS: SEQI PORT

Situated on the south boundary of the project

Designed to accommodate Panamax vessels up to 55,000 tonnes dry weight.

Nearest nickel processing facility is Vale’s Long Harbour Processing Plant (LHPP) in Newfoundland.

Long Harbour is a state-of-the-art hydrometallurgical plant designed to process concentrate into finished nickel and associated copper and cobalt products. Approximately 2000 kilometres distance.

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Feb 2015 NAN Exclusivity Agreement with Minelco A/B to perform due diligence on Seqi

Benefits include

ownership of key

infrastructure

reduced exploration logistical

costs

reduced project capital

requirements and time-lines

Costs include

maintenance

Environmental monitoring

de-commissioning bond

SEQI PORT ASSIGNMENT

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OVERVIEW

District scale property covering 2,954 sq km in SW

Greenland. 100% Owned.

Property covers 75km x 15km Greenland Norite Belt

(GNB) hosting numerous mineralized intrusions

Imiak Hill Complex (IHC) comprises three norite

bodies within a 2km radius hosting high grade Ni-Cu

sulphides (locally > 7% Ni):

Imiak Hill

Spotty Hill

Mikissoq

Significant new Ni-Cu sulphide intersections at

regional targets

Systematic exploration benefits from high percentage

of outcrop (>85%) and modern geophysical

technologies.

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GEOLOGY

Nickeliferous Mafic-Ultramafic Intrusions

Concentrated in a 75 x 15km curvilinear belt knownas the Greenland Norite Belt

Norites, leuco-norites, pyroxenites & peridotites with surface gossans

Range in size from small dykes and plugs toelongated bodies covering up to 8 km2

Hybridized margins and xenoliths of partially resorbed country rock are common

Age dates of ~ 3.0 Ga

Country Rocks

Mesoarchean gneisses of the North Atlantic Craton

Mainly trondhjemitic-tonalitic-granodioritic (TTG) and granitic gneisses

Amphibolite and meta-sedimentary supracrustal rocks

Strongly deformed & metamorphosed

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EXPLORATION HISTORY (GNB) 1959 - 2000

1959 – 1973: Kryolitselskabet Øresund (KØ)

Systematic prospecting from the air, shallow-looking

surface geophysics (< 50m) and diamond drilling (avg. <55 m)

Surface nickel occurrences and nickel intersections in drilling:

Fossilik II: 12.89m @ 2.24% Ni & 0.63% Cu

Imiak Hill: 9.85m @ 2.67% Ni & 0.60% Cu

Quagssuk: 4.95m @ 1.97% Ni & 0.43% Cu

No airborne geophysics, modern ground EM surveys

or borehole EM

1995: GEUS

Commissioned Geoterrex to fly fixed wing GeoTEM survey

1995 – 1996: Cominco

ground follow-up of airborne EM picks

limited ground geophysics

1996 – 1998: Platinova and Monopros

Diamond exploration incl. DIGHEM survey

1999 – 2000: Falconbridge Limited

Prospecting & re-analysis of historical

drill core to confirm high grade assays and

establish nickel tenors

Limited ground geophysics

No drilling by either Cominco or Falconbridge

= Selected Ni-Cu occurrence= Ni-Cu occurrence

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NAN - MANIITSOQ PROJECT HISTORY AND

CORPORATE FINANCING

Apr-Sept 2014

Field Program 3

incl. SPEM and gravity

surveys & 8,773m drilling

Sept-Oct 2011

SkyTEM survey

flown June-Sept 2012

Field Program 1

incl. VTEM survey &

1,550m drilling

May 2011

NAN listed

on TSXV;

Raises $3.2M

Aug 2011

Maniitsoq

Expl. License

Acquired

May 2012

$3.4M private

placement

June 2013

$7.05M private

placement

June-Sept 2013

Field Program 2

incl. VTEM survey &

4,266m drilling

May 2014

$9.38M private

placement

2011 2012 2013 2014

123.9m @ 0.81% Ni & 0.21% Cu

18.6m @ 4.31% Ni & 0.62% Cu

16.35m @ 2.51% Ni & 0.77% Cu

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PROGRESSIVE TECHNOLOGYHelicopter-borne TDEM

Borehole TDEM

Surface EM & Gravity

The Past

Prospecting, fixed wing airborne EM and shallow surface geophysical surveys

Successful at locating outcropping mineralization but airborne EM surveys hampered by rugged terrain

Historical drilling was shallow and did not include borehole EM

The Present

Helicopter-borne EM surveys mantle the terrain and can detect conductors not seen by historical airborne EM surveys

Surface gravity surveys potentially outline mafic-ultramafic intrusions in the sub-surface

Borehole EM increases “search radius” of drill holes and helps target follow-up drilling

14,589m of drilling: 2/3 at Imiak Hill 1/3 Regional

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IMIAK HILL COMPLEX (IHC) 2012-201317 drill holes: 3,248m

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2014 DRILLING PROGRAM 8,773m in 39 HOLES

Imiak Hill Complex 5,048m in 17 holes

Imiak Hill

New high grade Zone 10 intersections

MQ-14-037: 11.03m @ 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m

MQ-14-072: 16.35m @ 2.51% Ni & 0.77% Cu

Disruption of down plunge extent of zones 10 and 30 by mylonite

Mikissoq

Mineralization open down plunge to northeast

MQ-14-073: 61.35m @ 0.63% Ni & 0.18% Cu incl. 6.56m @ 1.59% Ni & 0.22% Cu

Spotty Hill

Mineralization consists of wide zones of disseminated sulphides with internal zones of highly

conductive semi-massive sulphides:

MQ-14-062: 66.00m @ 0.61% Ni & 0.16% Cu & 0.22 g/t TPM incl. 8.55m @ 2.98% Ni &

0.59% Cu & 0.86 g/t TPM

MQ-14-065: 73.49m @ 0.59% Ni & 0.16% Cu & 0.22 g/t TPM incl. 10.60m @ 1.69% Ni &

0.34% Cu & 0.50 g/t TPM

Mineralization open down plunge to southeast

AA′

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IMIAK HILL COMPLEX (IHC) 20145,048m in 17 holes

MQ-14-073:

61.35 m @ 0.63% Ni, 0.18% Cu, 0.02% Co

Incl. 6.56 m @ 1.59% Ni, 0.22% Cu, 0.04% Co

MQ-14-062:

66.00 m @ 0.61% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM

Incl. 8.55 m @ 2.98% Ni, 0.59% Cu, 0.10% Co, 0.86 g/t TPM

MQ-14-065:

73.49 m @ 0.59% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM

Incl. 10.60 m @ 1.69% Ni, 0.34% Cu, 0.05% Co, 0.50 g/t TPM

1.75 m @ 3.01% Ni, 2.80% Cu, 0.11% Co

11.03 m @ 3.07% Ni, 0.53% Cu, 0.08% Co

Incl. 3.25 m @ 6.48% Ni, 0.29% Cu, 0.17% Co

MQ-14-072 (Zone 30):

16.35 m @ 2.51% Ni, 0.77% Cu, 0.08% Co

Incl. 6.35 m @ 3.14% Ni, 1.05% Cu, 0.10% Co

MQ-14-072 (Zone 10)

MQ-14-037 (Zone 10):

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IHC SULPHIDE MINERALIZATION

Sulphides range from disseminated to net-textured to semi-massive & massive

Evidence of remobilization of SMS and MS (breccias, veins, stringers)

Consists of pyrrhotite (Po), pentlandite (Pn), chalcopyrite (Cp) and pyrite

Often coarse-grained, possibly recrystallized

Nickel primarily in pentlandite (95-96%)

MQ-14-037, Imiak Hill11.03 m @ 3.07% Ni, 0.53% Cu, 0.08% Co

Incl. 3.25 m @ 6.48% Ni, 0.29% Cu, 0.17% Co

Po

Cp

Pn

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NICKEL DEPORTMENT – Imiak Hill Complex

Mass (

% N

i)

Legend

Sample

Elemental Deportment (Mass % Ni)

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.

CAMP

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2014 REGIONAL DRILLING HIGHLIGHTS:

P-030:

20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM

P-053:

3 high conductance off-hole

EM anomalies(1.35m @ 0.60% Ni, 0.09% Cu)

IMIAK HILL

COMPLEX

P-149 (“Pingo”):

23.20m @ 0.36% Ni, 0.17% Cu, 0.15g/t TPM

Incl. 0.50m @ 3.31% Ni, 0.61% Cu, 0.27g/t TPM

P-146

P-013:

11.00m @ 1.31% Ni, 0.15% Cu

Incl. 5.85m @ 2.07% Ni, 0.12% Cu

P-058 (“Fossilik”):

5.58m @ 1.72% Ni, 0.26% Cu

P-136

P-004

Mineralized norite at

8 locations spanning entire

length of norite belt

Disseminated to semi-massive

sulphides (Po-Pn-Cp-Py)

Ni tenors up ~ 12%

2014 mineralized norite intersection

2014 mineralized norite intersection

with significant assay results

3,725m in 22 holes

Pn

0.50m @ 3.31 % Ni, 0.61% Cu24

P-149 (Pingo)

MQ-14-041

23.2m @ 0.36% Ni, 0.17% Cu

& 0.15 g/t TPM

5.6% Ni

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P-058

High grade massive sulphide veins

(avg.) 5.58m @ 1.72% Ni & 0.26% Cu

MQ-14-054

6.18% Ni, 0.56% Cu

5.23% Ni

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P-013

MQ-14-066

5.85m @ 2.07%Ni & 0.12% Cu

MQ-14-068

15.85m @ 0.87% Ni & 0.27% Cu

Incl. 3.40m @ 2.07% Ni & 0.34% Cu

MQ-14-071

44,607S

10,206S

8,902S

194m

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P-053Borehole EM Survey Results

150ms fluxgate survey

3 high conductance

BHEM anomalies

Correlated with

mineralized norite

intersected in hole

MQ-14-071

0.24m @ 0.85% Ni & 1.80% Cu

Cpy-rich

Looking North

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NICKEL DEPORTMENT – Regional Samples

Element Mineral Name

P-030Box12.MQ-2014-

070-53.40-

53.50m

P-058Box17.MQ-2014-

054-71.10-

71.26m

P-149Box21.MQ-2014-

041-88.90-

89.00m

P-053Box22.MQ-2014-

071-94.35-

94.50m

P-030Box28.MQ-2014-

070-119.90-

120.00m

P-013 Box30.MQ-2014-

066-133.90-

134.00m

Ni

Pentlandite 93.1 91.2 91.8 90.1 91.1 92.6

Pyrrhotite 6.25 8.69 1.75 7.43 5.24 6.44

Pyrite 0.04 0.03 0.07 0.02 0.07 0.03

Orthopyroxene 0.45 0.01 3.40 0.57 2.48 0.28

Clinopyroxene 0.04 0.00 0.04 0.09 0.03 0.11

Amphibole 0.09 0.02 2.06 1.67 0.84 0.44

Biotite/Phlogopite 0.03 0.05 0.83 0.12 0.19 0.02

Talc 0.01 0.00 0.06 0.02 0.06 0.13

Chlorite 0.00 0.04 0.00 0.00 0.00 0.00

CoPentlandite 64.5 69.6 48.7 74.6 46.7 71.7

Pyrite 35.5 30.4 51.3 25.4 53.3 28.3

Cu Chalcopyrite 100.0 100.0 100.0 100.0 100.0 100.0

Pentlandite is the main nickel-bearing mineral

and contains 90.1 to 93.1% of all the nickel in

the samples.

Total potentially floatable pentlandite

ranges from 96.1 to 97.2%.

Pyrrhotite hosts 1.75 to 6.25% of the nickel.

)

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2015 EXPLORATION PLAN

OBJECTIVES

Identify mineralized zones with tonnage

potential

Complete airborne surveying of current claim

blocks

Field checking of EM targets, mapping &

prospecting

DRILL TESTING

Follow-up of existing mineralization

Down plunge extensions at Spotty,

Mikissoq

Borehole EM anomalies from 2014

Testing of prioritized regional targets

SYSTEMATIC EXPLORATION

Planned Hyperspectral Coverage of GNB

Planned VTEM surveys over target intrusions

and stratigraphy

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SUMMARY: ADVANCED CAMP-SCALE NiS EXPLORATION

FLAGSHIP ASSET - MANIITSOQ

District scale property with widespread NiS

mineralization & high Ni tenors

Located in south-west Greenland

Seqi Port could provide deep water shipping access

SYSTEMATIC EXPLORATION PROCESS

Objective: Identify mineralized zones with tonnage

potential

Refining exploration model & methodologies

Large multi-component exploration and drill program

planned for 2015

Continued exploration of entire property

PEOPLE

Experienced management & technical team

In-house Ni sulphide expertise

Strong cornerstone investor

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Contact Info: North American Nickel Inc.

500 – 200 W. Esplanade

North Vancouver, BC, Canada V7M 1A4

Phone: +1 604-986-202

Fax: +1 604-986-2021

Toll Free: 1-866-816-0118

info@northamericannickel.com