Vancouver, British Columbia–(Newsfile Corp. – April 28, 2022) – North American Nickel Inc. (TSXV: NAN) (OTCQB: WSCRF) (the “Company” or “NAN“) is pleased to announce that it has closed its previously-announced “best efforts” private placement offering (the “Offering“) of 21,118,000 subscription receipts (the “Subscription Receipts“) at a price of $0.48 per Subscription Receipt (the “Issue Price“), including the partial exercise of the Agents’ option, for total gross proceeds of $10,136,640. Paradigm Capital Inc. acted as lead agent and sole bookrunner of the Offering (the “Lead Agent“), on behalf of a syndicate of agents that included INFOR Financial Inc. (together with the Lead Agent, the “Agents“).