Canada Nickel Provides Corporate Update

Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSXV: CNC) (OTCQX: CNIKF ) today announced that it has extended the repayment date of the US$32 million loan facility (the " Loan ") originally announced February 6, 2026 with Auramet International, Inc. (" Auramet ") from August 9, 2026 to November 9, 2026. Mark Selby, CEO and Director of Canada Nickel Company said "I am pleased with this continued support from Auramet extending the facility in-line with our current expectations on completion of various financing initiatives. We are now in the final stage of the federal permitting process and look forward to the delivery of the Minister's Decision Statement shortly as we continue to advance towards a construction decision in 2027." Loan Extension In connection with the extension of the repayment date of the Loan, the Company will pay an extension fee of US$856,288 and will grant 5,500,000 common share purchase warrants (the " Extension Warrants ") to Auramet, each exercisable for a one-year period to acquire one common share of the Company (" Common Shares ") at an exercise price equal to $1.52, a 5% premium to the 5 day VWAP ending on July 27 2026. The Loan Extension and Extension Warrants are subject to the approval of the TSX Venture Exchange. In connection with the extension of the repayment date of the Loan, the 3,500,000 common share purchase warrants with an exercise price of $1.81 per share that were previously issued by the Company to Auramet in May 2026 in connection with the first extension of initial Loan advance will be cancelled and rendered ineffective pursuant to the requirements of the TSX Venture Exchange. About Auramet Auramet is a private company established in 2004 by seasoned professionals who have assembled a global team of industry specialists with over 400 years combined industry experience. It is one of the largest physical precious metals merchants in the world and has provided over $1.5 billion in term financing facilities to date. Auramet offers a full range of services including physical metals trading, metals merchant banking (including direct lending), and project finance advisory services to all participants in the precious metals supply chain. About Canada Nickel Canada Nickel 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 has applied in multiple jurisdictions to trademark the terms NetZero Nickel TM , NetZero Cobalt TM and NetZero Iron TM 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.