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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
CAPITAL STRUCTURE (As at March 2015)
Issued & Outstanding: 172,955,855
Warrants: ($0.21 - $1.00) 22,195,851
Options: 13,453,000
Fully Diluted: 208,604,706
52 Week High/Low $0.65/$0.195
Current Price $0.21
Market Cap $38 million
Cash $6.2 million
SIGNIFICANT SHAREHOLDERS
Sentient Group 41.2%
VMS Ventures 22%
4
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.Vice President, Exploration
• 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
5
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
LOCATION
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.
Greenland is a democratic, pro-mining country with a transparent regulatory system, competitive mining tax regime and no land claims issues.
8
OVERVIEW
District scale property covering 2,954 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
9
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
10
EXPLORATION HISTORY 1959 - 1973
Kryolitselskabet Øresund (“KØ”)
Systematic prospecting from the air
Shallow-looking surface geophysics (< 50m)
Shallow 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
= Selected Ni-Cu occurrence= Ni-Cu occurrence
No airborne geophysics, modern
ground EM or borehole EM surveys
11
EXPLORATION HISTORY 1995 - 2000
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
12
New Technology Helicopter-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 ~260 EM anomalies (23 tested)
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
~ 30% of property covered by Helicopter EM
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
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′
16
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):
21
2014 REGIONAL DRILLING HIGHLIGHTS:
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
2014 mineralized norite intersection
2014 mineralized norite intersection
with significant assay results
22
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
5.6% Ni
24
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
25
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
26
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
27
Nickel Deportment – Imiak Hill Complex
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.
*QEMSCAN similar for regional sa.
28
Deposit Model?
Similarities to major nickel deposits but unique
Geological
Attribute
Maniitsoq Nickel Deposits
With Similar Attributes
Age Archean: ~ 3.0 Ga WA Ni deposits ~ 3.0 – 2.9 Ga
Tectonic Setting Large mantle-derived mafic-UM
magmatic event at deep level in TTG
gneiss-amphibolite terrane;
Irregularly shaped, deformed intrusions
Thompson, Voisey’s Bay
Assimilation/
Contamination
Wispy, resorbed inclusions and
hybridized contact zones
Sudbury, Voisey’s Bay,
Noril’sk
Sulphides Magmatic & remobilized, likely
recrystallized; Po-Cpy-Pn±Py
Thompson, Pechenga
Rock Types & MgO% Imiak Norite: ~ 6 - 10%
Spotty Pyroxenite: ~ 16 - 22%
Kabanga, Aguablanca
Nickel Tenors
(in 100% sulphides)
Range: 4 – 12%
Avg.: 8.4 (<10% sulphides)
7.2 (>10% sulphides)
Thompson, Jinchuan
29
2015 Exploration
DEFINITON OF HIGH QUALITY DRILL TARGETS
Comprehensive review of airborne datasets
Surface geophysics (EM & gravity)
Field checking of EM targets, mapping &
prospecting
DRILL TESTING
Follow-up of existing mineralization
Testing of prioritized regional targets
TARGET GENERATION
New VTEM surveys over target intrusions
and stratigraphy
ASSET
District scale property with widespread mineralization & high Ni tenors
Potential for “multiple projects within a project”
EXPLORATION PROCESS
Refining exploration model & methodologies
Large multi-component exploration program planned for 2015
Systematic exploration of entire property
PEOPLE
Experienced management & technical team
In-house Ni sulphide expertise
Strong cornerstone investor
www.northamericannickel.com30
SUMMARY
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
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. – Vice President, Exploration
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)