Maniitsoq Ni-Cu Sulphide Project, SW Greenland

A Potential District Scale Nickel Opportunity

October 2016

2

Cautionary Note Regarding Forward-looking Statements

This document contains certain "forward-looking statements" and "forward-looking information" under applicable securities laws concerning the business, operations and financial performance

and condition of the North American Nickel. Forward-looking statements and forward-looking information include, but are 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 owning the port, impact of mineralogy, estimation of mineral resources at mineral projects of the Company;

economics of production; success of exploration activities; the future economics of minerals including nickel and copper; synergies and financial impact facilities; the benefits of the

development potential 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 based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results

to differ materially from those projected in the forward-looking statements. Many of these assumptions are based on factors and events that are not within the control of the Company and

there is no assurance they will prove to be correct. Factors that could cause actual results to vary materially from results anticipated by such forward-looking statements include difficulties

realized in completion of the assignment, barriers to the assignment, difficulties in development of the assets and suitability of the port in relation to development of the assets of the

Company, variations in metal grades, changes in market conditions, variations in recovery rates, risks relating to international operations, fluctuating metal prices and currency exchange

rates, and other risks of the mining industry, including but not limited to the failure of plant, equipment or processes to operate as anticipated. The Company cautions that the foregoing list of

important factors is not exhaustive. Investors and others who base themselves on forward-looking statements should carefully consider the above factors as well as the uncertainties they

represent and the risk they entail. The Company believes that the expectations reflected in those 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. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as 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 those described 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 involve estimates 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 looking statements" within the meaning of Section 27A

of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and as that term defined in the Private Litigation Reform Act of 1995. The Company intends that such

forward-looking statements be subject to the safe harbours created thereby. Since these statements involve risks and uncertainties and are subject to change at any time, the Company's

actual results may differ materially from the expected results.

Technical Information; Qualified Person

The Company is not aware of any legal, political, environmental or other risks that could materially affect the potential development of the project other than those set out in its annual report

for the financial year ended December 31, 2015 filed on SEDAR under the Company's issuer profile at www.sedar.com. Please see below under the heading "Cautionary Note Regarding

Forward-looking Statements" for further details regarding risks facing the Company.

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

For further information about the technical information described herein, please see National Instrument 43-101 (NI 43-101) Technical prepared by SRK Consulting (Canada) Inc. (SRK) dated

effective March 24th, 2016, titled “Independent Technical Report for the Maniitsoq Nickel-Copper-PGM Project, Greenland” and filed on SEDAR on May 26, 2016 (as amended) under the

Company's issuer profile at www.sedar.com.

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Company OverviewAdvanced exploration for nickel-copper discoveries in Greenland,

Canada and the U.S.A

Company listed on the TSX-V in May 2011

Flagship 100% owned Maniitsoq project in

SW Greenland with district scale land position

(2,985 sq. km.)

9,595 meters drilling testing continuity on

prioritized NiS zones completed in September

2016. Assay results are pending from 27 drill

holes and 2 hole extensions

Experienced management, board and

advisors with technical and operational nickel

expertise

Strong cornerstone institutional investors

(including Sentient Group and Duke

University)

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

CAPITAL STRUCTURE (As at Oct. 2016)

Issued & Outstanding: 368,581,886

Warrants: ($0.21 - $1.00) 94,778,341

Options: ($0.15 - $0.62) 15,630,500

Fully Diluted: 478,990,727

52 Week High/Low $0.19/$0.065

Current Price $0.08

Market Cap $29 million

Cash $6.7 million

SIGNIFICANT SHAREHOLDERS

Sentient Group 60.5%

NAN Professional Team

MANAGEMENT TEAM

Keith Morrison, P. Geo., Chief Executive Officer• Over 30 years experience in the resources sector with a 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, a world-leader in deep sub-surface imaging technologies,

and QGX, a Canadian-based public exploration company

Mark Fedikow, PhD, P. Geo., President• 40 years of industry and government experience as an exploration geochemist and

mineral deposits geologist. Former Chief Geologist, Mineral Deposits Section

(Manitoba Geological Survey)

Cheryl Messier, CGA, Chief Financial Officer• Ms. Messier has over fifteen years of experience in finance working the last seven

as CFO or controller in various public companies. During this time she has managed

corporate audits, budget control, financial reporting and disclosure practices and has

had all round involvement in maintaining and strengthening internal controls.

Patricia Tirschmann, MSc, P. Geo., V.P Exploration

• 26 years of exploration experience specializing in magmatic nickel-copper sulphide

deposits. Most recently, Ms. Tirschmann served as Vice President, Exploration for

Continental Nickel Limited for six years and previous to that as Senior Geologist with

Falconbridge Limited

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

Christopher Messina

• 22 years of international experience in the global capital markets, private

equity, commodities

• Advisor to a number of technology companies in A.I. & big data analytics

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.

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Timing: Mineral Resource Values Recovering

from 10 Year Low

TSX-V index peaked in 2007 above

3200 and recently reached a low of

below 500 (January 2016) before

starting to recover to a current level of

750.

Depressed commodity prices in

combination with major mining

companies limiting the purchase of

exploration projects have made

traditional retail markets pull back from

early-stage exploration financing

Weak CDN$:US$ Exchange

Source: Stockwatch Sept. 22, 2016

Current Nickel Supply, Mines & Cash Costs ($USD)

6

Estimated 60% of producers

are unprofitable at a Ni price

of $4.00 USD/lb

Supply side rationalization

of high cost production

(generally Ni laterite ) is

slow

Big balance sheets can

absorb short term spot

price weakness

NiS mines dominate low cost

production but are depleting;

(Thompson, Sudbury,

Voisey’s Bay)

C1 C

ash

Co

st

$U

SD

/lb

Mlbs

Reference line: $4.00 USD/lb Ni

***

*

Laterite Deposits

*

Source: Wood Mackenzie Ltd. Dataset 2016 Q3, Nickel Quarterly Update April 2016

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Nickel Sulphide Mine Depletion & Supply Deficit

A 250,000 tonnes per annum supply

deficit is forecasted by 2025 due to

the depletion of operating NiS

producers

Recent mine closures (Mincor,

Savannah Nickel, Santa Rita, Tati)

along with those in 2015 (Lockerby,

Lanfranchi) and with price related

potential for further closures result in

concentrate shortage in near term

Outlook is for near and potentially

longer-term supply deficits

The absence of exploration

investment and time required for

development make filling the deficit

improbable, if not impossible from

new discoveries aloneSources: Wood Mackenzie, Q1 2016

20 Year Nickel Price & Discoveries of Merit

8

Voisey’s Bay

Discovered 1993

Sold to Vale for $4.3B

Production 2005

Nova – Bollinger Project

Discovered 2012

Sold to Independence Group

for $1.4B

In pre productionEagle Mine

Discovered 2002

Sold to Lundin for $325M

Production 2014

Noront Resources,

Eagle’s Nest Project

Undeveloped

History and Metal Endowment of Major Nickel

Camps

9

Sudbury

Discovered in 1883 in blasted rock cut by Canadian Pacific Railway worker

In production since the late 19th century now in decline

1648MT @ 1.2% Ni & 1.08% Cu 1

Norilsk

Discovered in the 1920s

In production since 1945

1661.7MT @ 0.72%Ni, 1.36% Cu, 3.61 g/t Pd & 1.101 g/t Pt 2

Raglan

Discovered in 1931 by Murray Edmund Watts while prospecting

In production since 1997

24.7MT @ 2.72%Ni & 0.70% Cu1

Thompson

Discovered in early 1956 by Inco during winter drilling campaign

In production since 1961 now in decline

150.3MT @ 2.32%Ni & 0.16% Cu1

* Source:1 Naldrett, 2004 Notes: Ore resources (including that already mined) and average metal concentrations in the ores;

metal contents are in situ, with no allowances made for dilution or loss on beneficiation; 2 Norilsk Nickel December 2014

Mineral Resources and Ore Reserves statement;

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Maniitsoq Project – Southwest Greenland

Maniitsoq harbour looking east towards the Maniitsoq project on the mainland

Greenland:

Democratic country with a transparent regulatory

system, competitive mining tax regime and no land

claims issues

Effective Corporate Tax Rate: 31.8%

Mining Royalty: 5.5%

Pro-mining: committed to resource extraction Modern

well-serviced container ports and European standard

logistical support services

Project:

Located on pack ice free tide water allowing for

year round shipping and management of

working capital

Quantified hydroelectric basin adjacent to

mineral lease

Commercial port facility situated on the south

boundary of the project which can

accommodate Panamax vessels

Source: PwC Website Greenland - Taxes on corporate income

(http://taxsummaries.pwc.com/uk/taxsummaries/wwts.nsf/ID/Greenland-Corporate-Taxes-on-

corporate-income)

Three Year Exploration Strategy

Year One 2015 – Prove Regional Prospectivity

Invested $8.9 Million CDN

5,655 Metres of drilling in 10 priority shallow mineralized zones on regional targets over 50 kilometers of the belt

Increased understanding of geological setting, structural control, and mineralization

Year Two 2016 – Prioritize Mineralized Zones

Invested $8.5 Million CDN

9,595 Metres drilling completed; Primary focus continuity testing on 14 prioritymineralized zones

o Results from three drill holes were reported on Sept. 20th with assays pending on twenty seven holes and two hole extensions

Continued systematic exploration of entire property:

o Ground follow-up of Worldview-3 and VTEM targets

o Advanced targeting from detailed mapping and 3D modelling

o Induced Polarization (IP) surveys successfully map “envelopes” of buried mineralization

Year Three 2017 – Delineation Drilling Zones of Merit Identified Through Advanced Targeting Completed in 2016

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Project Summary

100% owned, district scale land package covering

2,985 square kilometers

75km x 15km Greenland Norite Belt (GNB) hosting

numerous mineralized mafic to ultramafic intrusions

Widespread historic and new Ni-Cu sulphide

occurrences

Systematic exploration of the Maniitsoq property

benefits from high percentage of outcrop and

modern geophysical / remote sensing technologies

Continuity drilling completed on 14 prioritized

mineralized zones in 2016

SEQI deepwater port facility located at southern

end of property and two other potential port sites are

proximal to project

Quantified watershed for hydropower adjacent to the

eastern property boundary

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Geology

Nickeliferous Mafic-Ultramafic Intrusions

Concentrated in a 75 x 15km curvilinear belt

known as the Greenland Norite Belt (GNB)

Norites, leuco-norites, pyroxenites &

peridotites hosting Ni-Cu sulphide mineralization

Age dates of ~ 3.0 Ga

Country Rocks

Archean paragneiss, amphibolite and

orthogneiss, younger granitic intrusions

Strongly deformed & metamorphosed

See NI 43-101 report, effective date March 24, 2016 titled “Independent

Technical Report for the Maniitsoq Nickel-Copper-PGM Project, Greenland”.

Drilling Highlights: From Nickel Prospects to Zones

Imiak Hill Complex:

Imiak Hill

MQ-13-028 24.75m @ 3.19% Ni, 1.14% Cu

Spotty Hill

MQ-15-075 7.55m @ 1.60% Ni, 0.31% Cu, 0.43 g/t TPM

Mikissoq

MQ-13-029 9.99m @ 4.65% Ni, 0.33% Cu, 0.14 g/t TPM

Fossilik:

P-004

MQ-13-018 32.19m @ 0.59% Ni, 0.18% Cu, 0.21 g/t TPM incl.

4.53m @ 1.06% Ni, 0.23% Cu, 0.33 g/t TPM

P-058

MQ-15-077 21.50m @ 0.55% Ni, 0.27% Cu, 0.08 g/t TPM

P-059

MQ-15-078 12.15m @ 1.16% Ni, 1.00% Cu, 0.27 g/t TPM

Regional:

P-013

MQ-14-066 11.00m @ 1.31% Ni, 0.15% Cu, 0.07 g/t TPM incl.

5.85m @ 2.07% Ni, 0.12% Cu, 0.07 g/t TPM

P-030

MQ-14-070 20.10m @ 0.63% Ni, 0.20% Cu, 0.18 g/t TPM

P-032

MQ-15-090 13.80m @ 0.79% Ni,0.27% Cu, 0.07 g/t TPM incl.

5.10m @ 1.06% Ni, 0.37% Cu, 0.09 g/t TPM

P-053

MQ-15-082 23.70m @ 1.98% Ni, 0.62% Cu, 0.19 g/t TPM incl.

12.20m @ 2.78% Ni, 0.36% Cu, 0.26 g/t TPM

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Notes:

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

Intervals listed on this slide and all proceeding slides are core

lengths, not true widths.

P-053, MQ-15-082

23.7m @ 1.98% Ni, 0.62% Cu, 0.19 g/t TPM

Incl. 12.2m @ 2.78% Ni, 0.36% Cu, 0.26 g/t TPM

See NI 43-101 report, effective date March 24, 2016 titled “Independent Technical Report for the Maniitsoq Nickel-Copper-PGM Project, Greenland”.

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Maniitsoq Sulphide Mineralogy

MQ-14-037, Imiak Hill

7.15 m @ 3.92% Ni, 0.78% Cu, 0.11% Co

Consistent sulphide mineralogy from prospect to prospect

Pyrrhotite (Po), pentlandite (Pn), chalcopyrite (Cp) and pyrite (Py)

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Nickel Deportment - QEMSCAN Studies

90.1 to 96.3% of all nickel resides in pentlandite

96.1 to 97.6% of pentlandite is potentially floatable

Results support potential for high Ni recoveries using conventional mineral processing

methods: (Samples from Imiak Hill, Spotty Hill, P-013, P-030 and P-053, P-058 and P-149)

QEMSCAN Image, P-30

Scale bar = 1mm

QEMSCAN Image, Imiak Hill

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Summary

Stable, pro-mining jurisdiction

Widespread nickel, district scale property

Strong nickel grades and tenor with valuable by products

+90% nickel hosted by pentlandite

Continued for non-exploration de-risking

Experienced team

Committed institutional investors

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Contact Info: North American Nickel Inc.

PO Box 63623 Capilano PO

North Vancouver, BC, Canada V7P 3P1

Phone: +1 604-770-4334

Fax: +1 604-770-0334

Toll Free: 1-866-816-0118

info@northamericannickel.com

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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 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 and

establish nickel tenors

Limited ground geophysics

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

Appendix 1

See NI 43-101 report, effective date March 24, 2016 titled “Independent Technical Report for the Maniitsoq Nickel-Copper-PGM Project, Greenland”.

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Aug 2011

1st Maniitsoq

Expl. License

Acquired

NAN Exploration

2011 2012 2016

Sept - Oct 2011

SkyTEM survey

flown

2012 - 2015

4 Field Programs

VTEM, Surface Geophysics

Worldview-3 Satellite Data

Drilling: 20,245m

BHEM

High grade Ni-Cu at IHC & Fossilik and

expansion of zones:

25.5m @ 3.25% Ni & 0.48% Cu (Imiak)

New Discoveries:

23.7m @ 1.98% Ni & 0.62% Cu (P-053)

11.0m @ 1.31% Ni & 0.15% Cu (P-013)

32.2m @ 0.59% Ni & 0.18% Cu (P-004)

13.8m @ 0.79% Ni & 0.27% Cu (P-032)

Focus on Size Potential

Enhanced Drill Hole Targeting

2016

Continuity Drilling Campaign

At Multiple Mineralized Zones

9,595m of drilling, 2 drills

BHEM,

Mapping & 3D Modelling

Surface Geophyiscs (IP/EM)

Follow-up of WV-3 & VTEM

Appendix 2

Conceptual

Tectonic Evolution

of GNB

Appendix 3

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See NI 43-101 report, effective date March 24, 2016 titled

“Independent Technical Report for the Maniitsoq Nickel-

Copper-PGM Project, Greenland”.

Formation of Nickel Sulphide

Deposits – Cratonic Margin

22

After Begg et all (2011), Lightfoot (2007), Naldrett (2010) andLightfoot & Evans-Lamswood (2016)

Large scale mafic-ultramafic magmatic event

along mantle tapping structure

Fractionation and contamination in the crust

Sulphide saturation, segregation and

accumulation

Syn- and post-tectonic modification

Appendix 4

23

Geological Attributes of Maniitsoq Ni-bearing Intrusions

See NI 43-101 report, effective date March 24, 2016 titled “Independent Technical Report for the Maniitsoq Nickel-Copper-PGM Project, Greenland”.

Geological Attribute Maniitsoq

Tectonic setting Deep level in Archean craton, consisting of granitic-granodioritic

orthogneisses, amphibolites and metasedimentary rocks.

Evidence of large magmatic event 70 km long linear J-shaped belt of mafic-ultramafic intrusions (Greenland

Norite Belt).

Composition of intrusions Mafic to ultramafic comprising leuconorites, norites, and pyroxenites in

addition to minor peridotites. Commonly orthopyroxene-bearing

Range in MgO contents Typically 6 – 25 wt%

Sulphides Magmatic and remobilized; disseminated, blebby, net-textured, semi-

massive and massive stringers, veins and breccia veins;

Main sulphide phases are pyrrhotite, pentlandite, chalcopyrite and pyrite.

Nickel tenors

(in 100% sulphides)

Average: 7.8 (2-10% sulphur)

7.1 (> 10% sulphur)

Ni:Cu ratios

(in disseminated sulphides)

Average: 4.0 (< 10% sulphur)

14.0 (> 10% sulphur)

Ni:Co ratios

(in disseminated sulphides)

Average: 30.0 (< 10% sulphur)

32.3 (> 10% sulphur)

Age Archean: ~ 3.0 Ga

(Based on U-Pb ages for zircons from 4 intrusions)

Appendix 5

24

Styles of Sulphide Mineralization – Thompson Nickel Belt

Appendix 6

See NI 43-101 report, effective date March 24, 2016 titled “Independent

Technical Report for the Maniitsoq Nickel-Copper-PGM Project, Greenland”.

25

Styles of Sulphide Mineralization - Maniitsoq

MQ-15-075, Spotty Hill

Massive sulphides

Semi-massive sulphides

Breccia sulphides

Veins/fracture fillings

Blebby

Disseminated

Barren host rock

Sulphide

Legend:

Massive

Sulphide

Vein

Disseminated

Blebby

Fracture

filling

Breccia

Vein

236.4m

0.99% Ni

237.1m

2.10% Ni

238.2m

1.56% Ni

239.4m

6.28% Ni

240.0m

1.20% Ni

243.4m

0.94% Ni

Semi-

massive

Appendix 7

26

2015 Drilling Highlights

P-059: MQ-15-078

12.15m @1.16% Ni, 1.00% Cu

& 0.27 g/t TPM

P-013: MQ-15-079

10.65m @ 1.03% Ni, 0.39 Cu

P-058: MQ-15-077

21.5m @ 0.55% Ni, 0.27% Cu

P-053: MQ-15-082

23.7m @ 1.98% Ni, 0.62% Cu & 0.19 g/t TPM

Spotty Hill: MQ-15-075

7.55m @ 1.60% Ni, 0.31% Cu & 0.43 g/t TPM

Appendix 8

Expanded Exploration Database

27

Completed VTEM coverage over GNB in 2015

Geochemical samples collected from norite

intrusions throughout GNB

Acquired high resolution, multi-spectral

Worldview-3 satellite data over entire property

State-of-the-art, satellite launched in 2014

0.3 cm pan band

1.2 m visible and near infrared bands (8)

7.5 m shortwave infrared bands (8)

Potential to vastly improve mapping detail

Valuable exploration targeting tool

Iterative, long life dataset

Appendix 9

28

High Spatial Resolution Worldview-3 (WV-3) Satellite Data

Pan Sharpened

SPOT Image

(6m/1.5m)

meters

0 200

Pan Sharpened

WV-3 Image

(1.24m/0.31m)

vs

Appendix 10