Maniitsoq NiManiitsoq Ni-Maniitsoq Ni-Cu Sulphide Project,Maniitsoq NiManiitsoq NiManiitsoq Ni Cu Sulphide Project,Cu Sulphide Project,Cu Sulphide Project,SW GreenlandSW Greenland

September SW GreenlandSW Greenland

September September 2015

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Cautionary Note Regarding Forward-looking Statements

This document contains certain "forward-looking statements" and "forward-looking information" under applicable securities laws concerning thebusiness, operations and financial performance and condition of the Company. Forward-looking statements and forward-looking information include, butare not limited to, statements with respect to the ability to complete the port assignment, the ability of the Company to realize upon the benefit of owningthe port, impact of mineralogy, estimation of mineral resources at mineral projects of the Company; economics of production; success of explorationactivities; the future economics of minerals including nickel and copper; synergies and financial impact facilities; the benefits of the developmentpotential of the properties of the Company and currency exchange rate fluctuations. Except for statements of historical fact relating to the Company,certain information contained herein constitutes forward-looking statements. Forward-looking statements are frequently characterized by words such as"plan," "expect," "project," "intend," "believe," "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or"will" occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are basedon a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differmaterially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within thecontrol of the Company and there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from resultsanticipated by such forward-looking statements include difficulties realized in completion of the assignment, barriers to the assignment, difficulties indevelopment of the assets and suitability of the port in relation to development of the assets of the Company, variations in metal grades, changes inmarket conditions, variations in recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange rates, and otherrisks of the mining industry, including but not limited to the failure of plant, equipment or processes to operate as anticipated. The Company cautions thatthe foregoing list of important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefullyconsider the above factors as well as the uncertainties they represent and the risk they entail. The Company believes that the expectations reflected inthose forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking statements included in this document should not be unduly relied upon. These statements speak only as of the date of this document. TheCompany undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change exceptas required by applicable securities laws.

Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from thosedescribed in forward-looking statements, there may be other factors that cause actions, events or results not to be anticipated, estimated or intended.Statements concerning mineral reserve and resource estimates may also be deemed to constitute forward-looking statements to the extent they involveestimates of the mineralization that will be encountered if the property is developed.

Statements about the Company's future expectations and all other statements in this document other than historical facts are "forward lookingstatements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that termdefined in the Private Litigation Reform Act of 1995. The Company intends that such forward-looking statements be subject to the safe harbours createdthereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's actual results may differ materiallyfrom the expected results.

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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 exploration 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 September 2015)

Issued & Outstanding: 206,530,506

Warrants: ($0.21 - $1.00) 27,738,344

Options: 12,504,000

Fully Diluted: 246,922,850

52 Week High/Low $0.65/$0.18

Current Price $0.17

Market Cap $35 million

Cash $5 million

SIGNIFICANT SHAREHOLDERS

Sentient Group 49.7%

VMS Ventures 14.5%

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NAN: FOCUSED NiS STRATEGY

Nickel consumption globally in 2014was estimated as 1.92Mt, which isforecast to increase in 2015 to1.98Mt, and by a further 2.7% in2016 to 2.04Mt

This is the equivalent of consuming10 10MT-2% nickel orebodies everyyear

Approximately half of the primarynickel consumption will take place inChina. China is currently consumingapprox. 900,000t nickel per annum

Approximately 18% of the totalworld’s nickel production comes fromIndonesia

Source: CRU, Wood Mackenzie

NICKEL INDUSTRY C1 CASH COST CURVE 2015

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

Flexed 2015 $ data 2014 $

Sources: Wood Mackenzie (Feb 2015), Mirabela Nickel Limited (February 15, 2015), First Quantum Minerals Ltd (March 31, 2015), Lundin Mining Corporation (May 25, 2015), Sherritt International Corporation (May 12, 2015), Cliffs Natural Resources (April 2015)

NICKEL SULPHIDE vs NICKEL LATERITE

73% of the world’s 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 TEAMKeith Morrison, P. Geo. – Chief Executive OfficerOver 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-foundedtwo significant Canadian-based success stories, Quantec and QGX

Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President40 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 OfficerOver 15 years in finance with last 7 years as CFO or controller in various public companies

Neil Richardson, P. Geo. - Chief Operating OfficerOver 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, Exploration26 years specializing in magmatic nickel-copper sulphide exploration in Canada and globally including 18 years withFalconbridge Limited; most recently Vice President Exploration for Continental Nickel Limited

Jim Sparling, P. Geo., B.Sc., MBA - Project ManagerOver 25 years exploring for base metals, gold and nickel; member of Hudbay team that discovered four economic orebodies 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 ChairmanSenior 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 - Director27 years working in public markets, serving as CFO and board member for a number of junior companies; extensive experience incorporate finance, financial reporting, compliance, public and media relations and operations

Mark Fedikow, - President

Gilbert Clark - DirectorGeologist with more than 13 years of industry experience principally in mining and international resource developments; currentlyan Investment Advisor with The Sentient Group, an independent private equity investment firm specializing in the global resourcesindustry

Jim Clucas - DirectorFormer Chief Financial Officer of Inco’s Canadian operations and involved in the development of several mineral deposits includingthe Snow Lake Mine (High River Gold Mines), Montana Tunnels (Pegasus Mining) and the Fenix Project in Guatemala; founder ofInternational Nickel Ventures Inc.; currently President and CEO of Search Minerals

Edward Ford - DirectorChartered accountant and specialist in venture capital and bridge financing; over 40 years experience creating and implementingfinancial development plans for client enterprises in Canada and the US

John Roozendaal - Director20 years of mineral exploration experience; founding director, Interim CEO and President of VMS Ventures Inc.; directly involved inthe Reed Copper discovery

GREENLAND: OPEN FOR BUSINESS

POPULATION: 59,900

Capital: Nuuk

Government: Greenland is a democratic countrywith a transparent regulatory system,competitive mining tax regime and no landclaims issues

Pro Mining: Committed to resource extraction

A number of mining projects in the exploitationpermitting process and one in constructionphase.

Government 100% land ownership

Tax and Royalty Rates: Effective Corporate TaxRate: 31.8% (same for Greenlandic and foreigncompanies); 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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SEQI PORT ASSIGNMENT

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March 2015 NAN Executes SeqiAssignment Agreement

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

* NAN personnel will plan to visit Seqi

port in 2015 in order to evaluate it as

a potential site for the main camp in

2016.

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OVERVIEW

District scale property covering 2,954 sq km in SWGreenland. 100% Owned

Property covers 75km x 15km Greenland Norite Belt(GNB) hosting numerous mineralized intrusions

Greenfields project with significant Ni-Cu sulphideintersections at widely spaced regional targets andhigh grade Ni-Cu sulphides at the Imiak Hill Complex(locally > 7% Ni)

Systematic exploration benefits from high percentageof outcrop and modern geophysical technologies

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DISTRICT SCALEPROPERTY

Nova

MANIITSOQSUDBURY

FRASER RANGE

0 10km Ni mines

IHC

Pingo

P-053 P-030

P-013

P-058

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NAN - MANIITSOQ PROJECT HISTORY AND CORPORATE FINANCING

Apr-Sept 2014Field Program 3incl. SPEM and gravity surveys & 8,773m drilling

Sept-Oct 2011SkyTEM surveyflown June-Sept 2012

Field Program 1incl. VTEM survey &1,550m drilling

May 2011NAN listedon TSXV; Raises $3.2M

Aug 2011Maniitsoq Expl. LicenseAcquired

May 2012$3.4M privateplacement

June 2013$7.05M privateplacement

June-Sept 2013Field Program 2incl. VTEM survey & 4,266m drilling

May 2014$9.38M privateplacement

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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GEOLOGYNickeliferous 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 - 20001959 – 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 EM, 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 andestablish nickel tenors

Limited ground geophysics

No drilling by either Cominco or Falconbridge= Selected Ni-Cu occurrence= Ni-Cu occurrence = Selected Ni

(See slide 31 for information about historical findings)

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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

TDEM = Time Domain Electromagnetics

NEW GEOLOGICAL INTERPRETATIONS - SRK STUDY

New Structural & Lithological Interpretation

Goal was to define the structural framework of the project area to help understand the controls on the property-scale distribution of the norite intrusions and, more locally, nickel sulphide mineralization.

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1:500,000 Scale Geology Map

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NICKEL DEPORTMENT – QEMSCAN STUDIES

Majority of nickel resides in pentlandite: 95.5 to 96.3% of all the nickel in the IHC samples 90.1 to 93.1% of all nickel in the regional samples

Total potentially floatable pentlandite ranges from: 96.3 to 97.6% in the IHC samples 96.1 to 97.2% in the regional samples

QEMSCAN Image, P-30

Source: In-house Reports for NAN by SGS Lakefield Research Limited (June 2013 & Feb. 2015). See NAN website.

Scale bar = 1mm

Results from IHC and regional samples support potential for high Ni recoveriesusing conventional mineral processing methods:

QEMSCAN Image, Imiak Hill

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MANIITSOQ DRILLING HIGHLIGHTS:P-149 (“Pingo”)

P-146 Imiak Hill Complex (IHC):11.00m @ 3.07% Ni, 0.53% CuIncl. 3.25m @ 6.48% Ni, 0.29% Cu

P-058P-058

P-136

P-004

P-013

High grade nickel sulphides at theImiak Hill Complex (IHC):

• Imiak Hill• Mikissoq • Spotty Hill

Mineralized norite intersected at8 regional locations ( ) in 2014 spanning entire length of norite belt

Disseminated to massivesulphides (Po-Pn-Cp-Py)

High Ni tenors ranging from 4-12% (in 100% sulphides)

P-053 P-030

8 regional locations ( ) in 2014

(See slide 31 for commentary on significant technical information)

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IMIAK HILL COMPLEX (IHC)

TPM = Total Precious Metals (Pt+Pd+Au)

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

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

MQ-14-062:66.00 m @ 0.61% Ni, 0.16% Cu, 0.22 g/t TPMIncl. 8.55 m @ 2.98% Ni, 0.59% Cu, 0.86 g/t TPM

MQ-12-005:24.2 m @ 1.75% Ni, 0.34% Cu, 0.52 g/t TPMMQ-12-005:24.2 m @ 1.75% Ni, 0.34% Cu, 0.52 g/t TPM

MQ-14-072 (Zone 10):16.35 m @ 2.51% Ni, 0.77% Cu

MQ-13-026 (Zone 30):18.62 m @ 4.31% Ni, 0.62% Cu

(See slide 31 for commentary on significant technical information)

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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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MANIITSOQ DRILLING HIGHLIGHTS:P-149 (“Pingo”)

P-146

P-058 (“Fossilik”):5.58m @ 1.72% Ni, 0.26% Cu

P-136

P-004

P-013:11.00m @ 1.31% Ni, 0.15% CuIncl. 5.85m @ 2.07% Ni, 0.12% Cu

P-030:20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM

High grade nickel sulphides at theImiak Hill Complex (IHC):

• Imiak Hill• Mikissoq • Spotty Hill

Mineralized norite intersected at8 regional locations ( ) in 2014 spanning entire length of norite belt

Disseminated to massivesulphides (Po-Pn-Cp-Py)

High Ni tenors ranging from 4-12% (in 100% sulphides)

TPM = Total Precious Metals (Pt+Pd+Au) Legend as in Slide #21

P-053:3 high conductance off-holeEM anomalies(0.24m @ 0.85% Ni, 1.80% Cu)

Imiak Hill Complex(IHC)

8 regional locations ( ) in 2014

(See slide 31 for commentary on significant technical information)

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P-013

MQ-14-0665.85m @ 2.07%Ni & 0.12% Cu

MQ-14-06815.85m @ 0.87% Ni & 0.27% CuIncl. 3.40m @ 2.07% Ni & 0.34% Cu

MQ-14-071MQ

44,607S

10,206S8,902S

194m

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P-053High Priority Regional Drilling Target

BHEM Survey Results

150ms fluxgate survey

3 high conductanceBHEM anomalies

Correlated with mineralized noriteintersected in hole

MQ-14-0710.24m @ 0.85% Ni & 1.80% Cu

Cpy-rich

Looking North

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2015 EXPLORATION PLAN OBJECTIVES

Carry out systematic exploration of prospective norite trends Identify mineralized zones with tonnage potential Complete helicopter-borne EM surveying over target stratigraphy to develop new regional targets

DRILLING Follow-up of existing mineralization

Down plunge extensions at Spotty and Mikissoq P-053, P-013, P-30, P-058 incl. borehole EM anomalies from 2014

Test prioritized regional targets

SYSTEMATIC EXPLORATIONRemote Sensing – Helicopter-borne VTEM – Surface Geophysics – Field Geology Planned satellite data acquisition to aid assessment of entire property Field checking of untested VTEM anomalies to prioritize drill targets Surface TDEM and gravity surveys over selected targets and mineralized intrusions Mapping, prospecting and sampling program

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PLANNED 2015 DRILLING

~ 6,000m, 1 DrillJune – September

Proposed 2015 Drill TargetsMineralized noriteNoriteOther lithology or unknown association

Legend

Legend

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PLANNED 2015 GEOPHYSICS

~ 6,700 line km of VTEM~ 95 line km of Surface TDEM

Gravity SurveyJune – July

Proposed 2015 GeophysicsSurface TDEM2015 Helicopter VTEM BlocksCurrent Helicopter VTEM Coverage

Legend

Legend

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SUMMARY: ADVANCED CAMP-SCALE NiS EXPLORATION

FLAGSHIP ASSET - MANIITSOQ District scale property with widespread NiSmineralization & high Ni tenors

Located in south-west Greenland Seqi Port could provide deep water shipping access

SYSTEMATIC EXPLORATION PROCESS Objective: Identify mineralized zones with tonnagepotential

Refining exploration model & methodologies Large multi-component exploration and drill programplanned for 2015

Continued exploration of entire property

PEOPLE Experienced management & technical team In-house Ni sulphide expertise Strong cornerstone investor

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Scientific and Technical Information

Qualified Person

All technical information in this document has been reviewed by Patricia Tirschmann, P.Geo, V.P. Exploration, North AmericanNickel Inc., who is the Qualified Person for the Company.

Further Information

For further information about the drilling results described herein, please see the press releases of the Company datedNovember 17, 2014, titled "North American Nickel Reports High Grade Nickel Sulphides at Imiak Hill"; November 11, 2014,titled "North American Nickel Reports New Nickel Sulphide-Discoveries From Southern Coastal Zone at Maniitsoq";November 3, 2014, titled "North American Nickel Reports New Multiple and Significant Nickel Sulphide Intersectionsat Maniitsoq"; October 20, 2014, titled "North American Nickel Reports Assays of 2.98% Ni, 0.59% Cu & 0.86 g/t PGM Over8.55 Metres at Spotty Hill"; and September 29, 2014, titled "North American Nickel Reports Assays From New Discoveries“;October 23, 2013, titled “North American Nickel Inc.: Discovery of High Grade Nickel Sulphide Mineralization at Imiak Hill;October 10, 2013, titled “ North American Nickel Inc.: High Grade Nickel-Copper-Cobalt Sulphides Confirmed at Imiak Hill;December 3, 2014, titled “North American Nickel Inc.: New Discovery of High Grade Nickel Copper Cobalt PGMSulphide Mineralization at the Maniitsoq Project in Greenland”.

Historic Data

Certain historic drilling data is summarized in this document. This data related to surface nickel occurrences in drillingconducted between 1959 and 1973 (Kryolitselsabet Øresund A/S Prospektering, Report on the Exploration Work in SøndreIsortoq Area, 1968 by J. Kurki and S. Turkka, GEUS Report File no. 20158). The Company has reviewed this prior work and believes that it continues to be relevant and reliable as an indication of the potential for ongoing exploration efforts, but notes that it does not constitute current drilling reporting and will be replaced entirely by drilling underway, including that recently completed and referenced in this document.

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Contact Info: North American Nickel Inc.500 – 200 W. EsplanadeNorth Vancouver, BC, Canada V7M 1A4

Phone: +1 604-986-2020Fax: +1 604-986-2021Toll Free: 1-866-816-0118

info@northamericannickel.com