Canada Nickel hits highest-grade intervals at Reid

Canada Nickel Reports Additional Exploration Drilling Results and Highest Grade Intervals to Date at Reid Nickel Sulphide Project

PR Newswire

Highlights

Highest grade intervals to date from Reid: 1.01% nickel over 4.5 metres within 0.54% nickel over 43.5 metres within overall 0.29% nickel over 576.6 metres in REI26-92A

TORONTO , Aug. 6, 2026 /PRNewswire/ -- Canada Nickel Company Inc. (" Canada Nickel " or the " Company ") (TSXV: CNC) (OTCQX: CNIKF) is pleased to announce additional exploration drilling results from its 100% owned Reid Nickel Sulphide Project ("Reid"), located approximately 39 kilometres northwest of Timmins, Ontario.

CEO Mark Selby said, "As we get our first project – Crawford - through to a key federal milestone, we look forward to continuing to advance our pipeline of projects in the Timmins Nickel District. These latest higher-grade results at Reid not only underscore the potential of Reid but the broader potential of our entire Timmins Nickel District."

Reid Project

Reid is a serpentinized ultramafic - with a geophysical footprint approximately 2.5 times larger than that of Crawford's - consisting mainly of dunite and minor peridotite with multiple intervals of higher-grade nickel mineralization.

A drill program of 9 holes is being completed with the purpose of infilling previous drill sections and to bring previously potential zones into inferred and indicated mineral resource categories. This release contains assay results from the first 2 of the 9 drillholes (see Table 1 and Figures 1-3).

The current Reid Resource published on January 12, 2026, contains an Indicated Resource of 0.87 billion tonnes grading 0.23% nickel containing 2.0 million tonnes of nickel, an Inferred Resource of 1.45 billion tonnes grading 0.22% nickel containing 3.2 million tonnes of nickel.

Table 1 – Reid drilli