Maniitsoq Ni-Cu Sulphide Project,

SW GreenlandJanuary 2015

Forward Looking Statements:

Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks anduncertainties. Without limitation, statements regarding potentialmineralization and resources, exploration results, and future plansand objectives of the Company are forward-looking statements thatinvolve various risks. The following are important factors thatcould cause the Company’s actual results to differ materially fromthose expressed or implied by such forward-looking statements:changes in the world wide price of mineral commodities, generalmarket conditions, risks inherent in mineral exploration, risksassociated with development, construction and mining operations,the uncertainty of future profitability and the uncertainty of accessto additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results andfuture events may differ materially from those anticipated in suchstatements. North American Nickel undertakes no obligation toupdate such forward-looking statements if circumstances ormanagement’s estimates or opinions should change. The reader iscautioned not to place undue reliance on such forward-lookingstatements.

TSX-V: NAN

www.northamericannickel.com 2

3

COMPANY OVERVIEW

Exploring for nickel-copper sulphides in Greenland and Canada

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

and significant greenfields Ni-Cu drill intersections

Experienced management, board and advisors with technical and operational

nickel expertise

Well financed with strong cornerstone investor

4

CAPITAL STRUCTURE

CAPITAL STRUCTURE (As at Jan. 2014)

Issued & Outstanding: 169,964,679

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

Options: 12,603,000

Fully Diluted: 207,704,706

52 Week High/Low $0.65/$0.16

Current Price $0.21

Market Cap $35 million

Cash $6.3 million

SIGNIFICANT SHAREHOLDERS

Sentient Group 41.2%

VMS Ventures 22%

5

MANAGEMENT & TECHNICAL TEAM

Keith Morrison, P.Geo.Chief Executive Office• Over 30 years experience in the resources sector with a background in

strategy, finance, exploration, technology, global operations, capital markets

and corporate development.

Mark Fedikow, PhD, P. Geo.President

• 35 years of industry and government experience

• Former Chief Geologist, Mineral Deposits Section

(Manitoba Geological Survey)

Neil Richardson, P. Geo.Chief Operating Officer

• Over 26 years in mineral exploration and mining operations

( Hudbay, Murgor)

• Extensive experience in Resource-Reserve estimations

Cheryl Messier, CGAChief Financial Officer• Over 15 years in finance with last 7 years as CFO/controller

Patricia Tirschmann, MSc, P. Geo.Principal Nickel Geologist

• 26 years specializing in Ni-Cu sulphide exploration

• Senior Geologist with Falconbridge Limited and former VP Exploration

Continental Nickel Limited

Jim Sparling, P. Geo., MBAProject Manager

• Over 25 years exploring for base metals and gold

• member of Hudbay team with four economic discoveries

BOARD OF 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

Douglas Ford• 27 years working in public markets incl. CFO; experience in corporate

finance, financial reporting, compliance, public and media relations

Mark Fedikow

Gilbert Clark• Geologist with over 13 years industry experience incl. mining and

international resource developments

• Investment Advisor with Sentient Group

Jim Clucas• Former CFO of Inco’s Canadian Operations

• Founder of International Nickel Ventures Inc.

Edward Ford• Chartered accountant and specialist in venture capital and

bridge financing

• 40 years experience in financial development plans

John Roozendaal• Founding director, President and interim CEO of VMS Ventures

• 20 years of mineral exploration experience

ADVISORY BOARD

Mr. Alex Balogh Former Chairman and CEO of Falconbridge Limited

Mr. Ole Christiansen CEO of Nuna Minerals A/S, 25 years experience in mineral exploration in Greenland

Dr. James Patterson Former VP Exploration of FNX Mining Company Inc.

Dr. Tony Naldrett Internationally recognized expert in field of nickel sulphide deposits

6

Maniitsoq Project History and

Corporate Financing

Apr-Sept 2014

Field Program 3

incl. surface 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

7

MANIITSOQ PROJECT

8

LOCATION

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

Mild climate allows for year round mining & shippingof concentrate.

Modern, well serviced container ports and Europeanstandard logistical support and coastal re-supplyservices.

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

Maniitsoq harbour looking east towards the Maniitsoq project on the mainland

9

OVERVIEW

District scale property covering 3,601 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

Over 200 conductive targets identified through

helicopter EM (VTEM) geophysical surveys

10

GEOLOGY

Nickeliferous Mafic-Ultramafic Intrusions

Concentrated in a 75 x 15km curvilinear belt known asthe Greenland Norite Belt

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

Range in size from small dykes and plugs to elongatedbodies 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

11

EXPLORATION HISTORY (GNB)

1959 – 1973: Kryolitselskabet Øresund (KØ)

Systematic prospecting from the air, shallow-looking surface

geophysics (< 50m) and shallow diamond drilling (average

hole length <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

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

12

New TechnologyHelicopter-borne TDEM

Borehole TDEM

Surface 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 > 200 EM anomalies

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

~ 25% of property covered by Helicopter EM

13

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

14

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

15

Nickel Deportment - QEMSCAN

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.

16

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 unit

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′

17

IMIAK HILL COMPLEX (IHC) 201417 drill holes: 5,048 m

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):

18

IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS

19

Spotty Hill

MQ-14-062

8.55m @ 2.98% Ni, 0.59% Cu & 0.86 g/t Pt+Pd+Au

20

SPOTTY HILL: VERTICAL LONGITUDINAL SECTION

21

MIKISSOQ: VERTICAL LONGITUDINAL SECTION

CAMP

22

2014 REGIONAL DRILLING HIGHLIGHTS:

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

MQ-14-070 (P-030):

3 high conductance off-hole

EM anomalies

1.35m @ 0.60% Ni, 0.09% Cu

MQ-14-072 (P-053):

11.00m @ 1.31% Ni, 0.15% Cu

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

MQ-14-066 (P-013):

5.58m @ 1.72% Ni, 0.26% Cu

MQ-14-054 (P-058, Fossilik):

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

MQ-14-041 (P-149, Pingo):

IMIAK HILL

COMPLEX New intersections of

mineralized norite at eight

widespread regional locations

Disseminated to semi-massive

sulphides (Po-Pn-Cp-Py)

Nickel tenors up to ~ 12%

P-053 closest to coast and

NAN camp

22 drill holes, 3,725m

P-136

P-004

P-146

23

REGIONAL ASSAY HIGHLIGHTS

NORTH

MQ-14-041:0.36% Ni, 0.17% Cu & 0.15 g/t TPM over 23.2m incl.

3.31% Ni, 0.61% Cu & 0.27 TPM over 0.5m (P-149 “Pingo”)

CENTRAL

MQ-14-054: 1.72% Ni & 0.26% Cu over 5.58m (P-058)

MQ-14-051: 0.94% Ni, 0.17% Cu & 0.99 g/t TPM over 4.31m (P-004)

MQ-14-066: 1.31% Ni & 0.15% Cu over 11.00m (P-013)

SOUTH

MQ-14-070: 0.63% Ni, 0.20% Cu & 0.18 g/t TPM over 20.10m (P-030 “Nunanguit”)

MQ-14-071: 0.60% Ni, 0.09% Cu over 1.35m incl. 0.85% Ni, 1.80% Cu over 0.24m (P-053)

3 high conductance off-hole fluxgate EM anomalies correlated with mineralized norite

at P-053, high priority drill target

Follow-up drilling and continued testing of regional targets planned for 2015

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

25

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

26

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

27

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

28

Deposit Model?

Similarities to major nickel deposits but unique

Geol.

Attributes

Maniitsoq Observations Nickel Deposits

With Similar

Attributes

Age Archean: ~ 3.0 Ga U-Pb zircon ages for five norite intrusions WA deposits ~ 3.0 – 2.9 Ga

Tectonic Setting Large mantle-derived mafic-UM

magmatic event at deep level in

TTG-Amphibolite crustal terrane

75 x 15km Norite belt, kimberlites &

breccia dykes; Amphibolite to granulite

facies metamorphism and mylonites

?

Magmatic

“Architecture”

Irregularly shaped to locally

linear, deformed intrusions

hosted in gneisses

Potential conduit systems? Thompson, Voisey’s Bay

Chaotic assemblages

& Assimilation

Yes Wispy, resorbed inclusions and

hybridized zones

Sudbury, Voisey’s Bay, Noril’sk

Sulphides Magmatic & remobilized,

possibly recrystallized;

Po-Cpy-Pn±Py

Range of sulphide textures incl. veins,

stringers and breccias; Coarse grained;

IHC sulphides zones occur in steeply

plunging shoots

Thompson, Western Australia

Ni deposits, Pechenga

Rock Types & MgO% Imiak Norite: 5.7 – 9.6%

Spotty Pyroxenite: ~ 22%

Opx > Cpx, locally replaced by Hbl Kabanga, Sudbury, Aguablanca

Nickel Tenors

(in 100% sulphides)

4 – 12% Median: 8.4 (<10% sulphides)

7.1 (>10% sulphides)

Thompson, Jinchuan

Ni:Cu ratios 1 – 10% Median: 3.1 (< 10% sulphides)

7.4 (> 10% sulphides)

Raglan

Ni:Co ratios 17 – 37% Median: 27 (<10% sulphides)

31 (>10% sulphides)

Sudbury

NOTE: Ni tenors, Ni:Cu and Ni:Co ratios summarized from 2012-2013 data

29

Why Own North American Nickel?

The Right Commodity

Nickel prices expected to move up in response to future depletion of stockpiles following Indonesian ban on export of raw nickel ore and on continued demand for nickel out of China.

The Right Place

Greenland is a democratic, first world, pro-mining political jurisdiction with a transparent regulatory system, a competitive mining tax regime and no land claim issues.

European standard logistical support services readily available.

Southwest Greenland is warmed by the Gulf Stream current and the ocean is navigable year-round.

The Right Geology Maniitsoq’s geology is exemplary for hosting a district scale nickel camp:

75km x 15 km Greenland Norite Belt represents a large scale mafic-ultramafic magmatic event hosting numerous Ni-Cu±Co±PGE sulphide occurrences.

Drill intersections with demonstrable grade and width.

Sulphide mineralization has consistently high nickel tenor.

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

30

Why Own North American Nickel?

The Right Technology Application of new technology has lead to better detection and targeting:

Better detection of geophysical anomalies with helicopter-borne, time domain electromagnetic

(TEM) surveys compared to previous fixed wing airborne surveys.

Surface gravity helping to outline the sub-surface extents of prospective mafic-ultramafic

intrusions.

Modern surface and borehole EM surveys expanding and refining the search area in the sub-surface.

The Right People Experienced management and technical team with over 125 collective years of exploration and mining

experience including direct nickel sulphide experience and a track record of discovery.

Board is well versed in operation of public companies and project financing.

Advisors have nickel sulphide expertise and long standing experience operating in Greenland.

Company has strong, strategic investors.

www.northamericannickel.com 31

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

Appendix

People (Pgs. 33-35)

Geology (Pgs. 36-37)

2012–2013 IHC Drilling Highlights (Pg. 38)

Historical Ni Occurrences (Pg. 39)

32

33

Management & Technical Team

Keith Morrison, P. Geo. – Chief Executive Officer

Over 30 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

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

35 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 overseas;

extensive experience in resource-reserve estimations and operations; Hudbay, Murgor

Patricia Tirschmann, P. Geo., HBSc., M.Sc. - Principal Nickel Geologist

26 years specializing in magmatic nickel-copper sulphide exploration in Canada and overseas 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 exploring for base metals, gold and nickel; member of Hudbay team who discovered four

economic ore bodies in the Flin Flon-Snow Lake belts; recently COO for Skyline Gold and Exploration Manager for

StrataGold

34

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, P. Geo. – 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, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - 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 and President of VMS Ventures Inc.; directly involved in the Reed

Copper discovery

35

Advisory Board

Dr. Tony Naldrett

• internationally recognized expert in the field of nickel sulphide mineralization; Professor of Geology at the University

of Toronto from 1967 to 1998; authored or co-authored over 240 refereed papers and 8 books and 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

• former Chairman and CEO of Falconbridge Ltd., Deputy Chairman of Noranda Inc. and CEO of Noranda Minerals Inc;

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; metallurgical engineer with more than 40 years of experience in the mining and

metallurgical industry

Dr. James M. Patterson

• former Geological Consultant, Vice President Exploration and VP & Executive Consultant with FNX Mining

Company Inc.; instrumental in the revival and building of the company from a market capitalization of $20 million to $2.5

billion; over 40 years experience in mineral exploration globally

Mr. Ole Christiansen

• geologist with over 25 years experience in mineral exploration in Greenland; various positions with Nunoil A/S, Ujarak

Minerals ApS and the Greenland Development Corp.; President and CEO of Nuna Minerals A/S since 1999

36

Norite Intrusions

Distinct Appearance

Rounded hills covered with brownish-grey, often rusty, rock and coarsegravel.

Multi-phase: compositions range fromquartz diorite through norite topyroxenite to lherzolite.

Locally pyroxenes are partially orcompletely replaced by hornblende.

Field and Drill Core Observations

Centre of bodies are massive to weaklyfoliated.

Strain localized near contacts which canbe mylonitized.

Magmatic textures as well as apparentremobilization and recrystallization.

Evidence of interaction with countryrocks; chaotic rock assemblages withbreccia-like textures

37

Sulphide Mineralization

Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite

Often coarse-grained

Nickel primarily in pentlanditeand likely to produce a clean concentrate

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

Disseminated, blebby, net textured and vein sulphides are also common

38

2012 – 2013 Drilling Highlights at the Imiak Hill

Complex (IHC)

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

MIKISSOQ

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

SPOTTY HILL

MQ-12-005: 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co & 0.26 g/t TPM

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

Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co & 0.6 g/t TPM

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

39

Historical Nickel Occurrences