Canada Nickel Announces Initial Mineral Resource at Nesbitt and Delivers 46% Increase in Indicated Resource at Deloro

TORONTO, July 23, 2026 /PRNewswire/ -- Canada Nickel Company Inc. ("Canada Nickel" or the "Company") (TSX-V:CNC) (OTCQB: CNIKF) today announced the completion of the initial phase of resource development across the Timmins Nickel District, announcing an initial mineral resource (the "Mineral Resource Estimate" or "MRE") for its 100% owned Nesbitt Nickel Sulphide Project ("Nesbitt"), and an updated mineral resource (the "Updated Mineral Resource Estimate" or "Updated MRE") for its 100% owned Deloro Nickel Sulphide Project ("Deloro"), both located near Timmins, Ontario, Canada.