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Paragraph Title Lorem ipsum dolor sit amet, consectetur adipiscing elitus, eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam. Sed uteh perspiciatis unde omnis iste natus error sit uptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis quasi architecto beatae vitae dicta sunt explicabo. Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit, Ut enim ad minim veniam lorem ipsum dolor Sed uteh perspiciatis unde omnis iste natus error Totam rem aperiam, eaque ipsa quae ab illo BUILDING A PREEMINENT Nickel Exploration Company SPC Nickel Corporate Presentation Q1 2021

Nickel Exploration Company · 2021. 3. 6. · A NICKEL BATTERY-CHARGED FUTURE To increase energy density, future battery chemistries will contain more nickel Nickel will make up to

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Page 1: Nickel Exploration Company · 2021. 3. 6. · A NICKEL BATTERY-CHARGED FUTURE To increase energy density, future battery chemistries will contain more nickel Nickel will make up to

Paragraph Title

Lorem ipsum dolor sit amet, consectetur adipiscing elitus, eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam. Sed uteh perspiciatis unde omnis iste natus error sit uptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis quasi architecto beatae vitae dicta sunt explicabo.

Sed ut perspiciatis unde omnis iste natus error sit voluptatem accusantium doloremque laudantium, totam rem aperiam, eaque ipsa quae ab illo inventore veritatis et quasi architecto beatae vitae dicta sunt explicabo. Nemo enim ipsam voluptatem quia voluptas sit aspernatur aut odit aut fugit, sed quia consequuntur magni dolores eos qui ratione voluptatem sequi nesciunt. Neque porro quisquam est, qui dolorem ipsum quia dolor sit amet, consectetur, adipisci velit,

Ut enim ad minim veniam lorem ipsum dolorSed uteh perspiciatis unde omnis iste natus errorTotam rem aperiam, eaque ipsa quae ab illo

BUILDING A PREEMINENT

Nickel Exploration Company

SPC Nickel Corporate Presentation Q1 2021

Page 2: Nickel Exploration Company · 2021. 3. 6. · A NICKEL BATTERY-CHARGED FUTURE To increase energy density, future battery chemistries will contain more nickel Nickel will make up to

FORWARD LOOKING STATEMENTS

This Presentation contains certain information that may constitute "forward-looking information" under applicable Canadian securities legislation about Sudbury Platinum Corp (“SPC Metals”, “SPC Nickel”, “SPC”). Forward-looking information includes statements about strategic plans, including future operations, future work programs, capital expenditures, discovery and production of minerals, price of nickel, timing of geological reports and corporate and technical objectives. Forward-looking information is necessarily based upon a number of assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking information, including the risks inherent to the mining industry, adverse economic and market developments. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information contained in this Presentation is given as of the date hereof and is based upon the opinions and estimates of management and information available to management as at the date hereof. SPC disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by law.

This Presentation has been completed by SPC. Certain corporate projects referred to herein are subject to agreements with third parties who have not prepared, reviewed or approved this Presentation. The Presentation is not intended to reflect the actual plans or exploration and development programs contemplated for such projects.

Any forward-looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, SPC disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise. Although SPC believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

The scientific and technical information contained in this Presentation has been reviewed by Grant Mourre, P. Geo, (Chief Executive Officer) and a Qualified Person within the meaning of National Instrument 43-101.

www.spcnickel.com 2Q1 2021

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Management

Experienced management team with proven and relevant track record of success in the Sudbury Basin.

INVEST IN SPC NICKEL

Market Cycle

Well positioned to take advantage of the forecasted growth in the Ni, Cu, and PGM markets.

Quality Asset

Two advanced-staged projects (Aer-Kidd, Lockerby East) in the Sudbury

camp and an option on a highly prospective property (Janes).

Path to Success

An aggressive post list exploration plan developed to generate news and help

drive the share price.

Proven Camp

Located within the world-class Sudbury Basin with over 125 years of mining history.

www.spcnickel.com 3Q1 2021

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WORLD CLASS DISCOVERY TEAM

www.spcnickel.com

Scott McLean :: Executive Director

Scott has over 30 years of experience including 23 years with Falconbridge Limited, which was acquired for ~ USD $20 billion by Xstrata in 2006, which then subsequently merged with Glencore (LSE: GLEN) for USD $66 billion. Scott’s experience in exploration and management resulted in the discovery of various mineral deposits including the 17 million tonne Nickel Rim South Mine in Sudbury, Ontario. For his role in this discovery, he was a recipient of the Prospector of the Year Award in 2004 by the Prospectors and Developers Association of Canada. He was also appointed to the transitional board of the Association of Professional Geoscientists of Ontario and has represented the profession as President.

Grant Mourre :: Chief Executive Officer

Grant has more than 20 years of experience in the mineral exploration business primarily focused on magmatic Ni-Cu-PGM mineralization. Through his work and research, Grant has developed in-depth knowledge of the geology and mineralization of magmatic systems with an emphasis on the Sudbury Igneous Complex. In 2013, Grant was a co-recipient of the Bernie Schnieders Discovery of the Year presented by the NWOPA for the Sunday Lake PGM Project discovery.

Guy Mahaffy :: Chief Financial Officer

Guy has over 25 years of experience, including 18 years serving in the role of CFO, Corporate Secretary and/or Board member of public companies listed on both the Toronto Stock Exchange and the TSX Venture Exchange, where he was involved in the successful completion of a number of acquisitions, divestitures and financings. Mr. Mahaffy holds the professional designation of Chartered Accountant, Chartered Professional Accountant, Certified Public Accountant (Illinois) and Chartered Financial Analyst.

4Q1 2021

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BOARD OF DIRECTORS

www.spcnickel.com

William Shaver

⚫ COO at INV Metals, past President & CEO at DMC Mining, and co-founder of Dynatec Corporation

⚫ EY 2013 Entrepreneur of the Year for bringing innovation to the mining industry

Director

Olav Langelaar

⚫ Managing Director at Dundee Goodman Merchant Partners

⚫ 20 years in the Canadian capital markets with specific expertise in mining operations and investment banking.

Director

Grant Moure

⚫ 20 years of experience in mineral exploration primarily focused on magmatic Ni-Cu-PGM mineralization in the Sudbury Igneous Complex

⚫ Recipient of the Bernie Schnieders Discovery of the Year for the Sunday Lake PGM Project discovery

Director

Scott McLean

⚫ 30+ years of exploration and management experience including 23 years with Falconbridge Limited

⚫ Recipient of the 2004 Prospector of the Year Award the PDAC

Chairman

Q1 2021 5

Alistair Ross

⚫ President and CEO of Rockcliff Metals

⚫ Former President of Lonmin’s South Africa Operations, the world’s third largest platinum producer

⚫ Over 40 years of experience in the mining industry

Director

Alger St. Jean

⚫ COO at Magneto Investments LP; Vice President, Exploration at Orford Mining

⚫ Chief Geoscientist of Dumont Nickel

⚫ Over 25 years experience in the mining industry, primarily focused on nickel and gold

Director

Brian Montgomery

⚫ Counsel at Sudbury’s Moutsatsos LaaksoAlexander LLP, specializing in business & corporate law

⚫ Recognized for his expertise in all aspects of mining, corporate, real estate, and business law

Director

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A NICKEL BATTERY-CHARGED FUTURE

www.spcnickel.com

To increase energy density, future battery chemistries will contain more nickel

Nickel will make up to 80% of the mass in cathodes

2030 projected nickel demand of 1.3 Million Metric Tonnes Per Annum (59% of current annual supply) as nickel content in EVs increases to 40kg per car battery

6

EV sales forecasted to reach 44 million vehicles per year by 2030 under the EV30@30 Initiative (EVI)

Nickel: +1.3 Mtpa by 20301

Contained Nickel in Evs (Mt)

2018 2020E 2025E

0.060.11

0.40

1.30

Nickel Demand from Electric Vehicles % of 2018 Ni Supply

2018 2020E 2025E 2030E2030E

3%5%

18%

59%

Q1 2021

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NOT ALL NICKEL IS CREATED EQUALLY

www.spcnickel.com

Sulphide deposits such as those in Sudbury are the primary

source of Class 1 nickel

Only Class 1 nickel (purity > 99.98%) suitable for EV batteries

Class 2 nickel (ferronickel and nickel pig iron) not suitable for

EV batteries due to iron content and impurities, common use in

stainless steel

Nickel demand for batteries has doubled from 3% of the world

Nickel Market in 2017 to 6% in 2018. This rapidly increasing

demand is already over 12% of Class 1 nickel production.

7

Less than 40% of world nickel production comes from sulfides

WORLD NICKEL MARKET2.3 million tonnes per annum

Non-ferrous alloys

Alloy steels

Plating

Foundary

Batteries

Stainless steel

Source: CRU, Bloomberg

70%

4%

9%

6%

5%

6%

Class 2 Class 1

Q1 2021

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GLOBAL NICKEL SUPPLY DEFICIT FORECAST

www.spcnickel.com

Estimated that 1.83Mt of new Ni supply (Class 1 & Class 2) is needed by 2040 – broadly the same as the current market!

8

Source: Wood MacKenzie

SupplyGap

10x Vale’s 2020 Ni

production in Sudbury

Future additional supply requirement

Existing Supply

Highly probable projects

Probable projects

Consumption

Indonesian ore export permits due to finish and will constrain Chinese NPI

New nickel supply needed by 2026 just as EV demand starts

to accelerate

Exhaustion of stated reserves will close

200 ktpa production 2029-2034

1.83 Mt new Ni supply needed

by 2040630 kt new Ni supply needed

by 2030 (incl. projects) i.e. > 10 Ambotovys

150 ktpa new Ni in chemicals supply, fed by intermediates from new HPALs, ramping in

2020-2022

Q1 2021

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SUDBURY MINING CAMP

World-class mining infrastructure with 2 active mills and 2 smelters (Vale and Glencore)

Extensive power and transportation (road and rail) network

Highly skilled local mining service industry

Infrastructure

2nd largest Ni camp in the world

125 years of mining history

Camp has generated $280B in production value

Basin hosts >1.6 Bt @ ~ 1.2% Ni, ~1.0% Cu and ~0.8 g/t Pt+Pd

World Class Ni-Cu-PGM Camp

Since discovery, 11.1 Mt of Ni and 10.8 Mt of Cu have been mined

Currently 8 producing underground mines

In 2019 alone Vale produced 3,669,000 Mt @ 1.68% Ni, 2.5% Cu, 0.11 oz PGM

In 2019 Vale produced 61,639 tonnes of Ni and 91,725 tonnes of Cu.

Productive Camp

High-grade, high-tenor ores occur along the contact of the basin, within the footwall and associated with radial and concentric offset dykes

Victoria deposit (KGHM) – 14.5Mt @ 2.5% Ni, 2.5% Cu and 7.6 g/t PGM

Victoria has an in-situ metals value of $13.0B with ~ $900/t ore

High-GradeDeposits

Since 2012, in excess of $6.0B has been invested in the camp

Capital investment into development project ($1.0B Onaping Depth)

Continued discovery –Norman West: 15Mt High-grade discovery

Significant exploration activity – 20+ active drill

Discovery and Development

Q1 2021 9

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WORLD CLASS SUDBURY MINING CAMP

World Class Ni-Cu-PGM Camp

2nd largest Nickel camp in the world125 years of continuous productionBasin hosts >1.6Bt @ ~1.2% Ni, ~1.0% Cu and 0.8g/t Pt+Pd

Productive Camp

Total production of 11.1Mt of Ni and 10.8Mt of CuCurrently 8 active Ni-Cu-PGM mines

High-grade Deposits

Victoria deposit (KGHM) – 14.5Mt @ 2.5% Ni, 2.5% Cu and 7.6 g/t PGMIn-situ metal value of $13.0B with $900/t ore

Infrastructure

2 active mills and 2 active smelters – Under supplied Highly skilled local mining service industry

Discovery and Development

Since 2012, in excess of $6.0B has been invested into the camp.New deposits being discovery and developed (Norman West, Onaping Depth Mine)

Aer-Kidd

Lockerby East

Q1 2021

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www.spcnickel.com 11

Worthington Offset

One of the more active areas in the basin.Strike length of 11km

Totten Mine (Sudbury’s newest mine)

Discovery in 90’s and commercial production in 2010.10.5Mt @ 1.5% Ni, 2.0% Cu, 4.8g/t PGM

Victoria Project (Development)

Discovered in 2010 (QuadaFNX)416.8m @ 0.6% Ni, 1.3% Cu, 2.2g/t PGM 14.5Mt @ 2.5% Ni, 2.5% Cu, 7.8g/t PGM

Aer-Kidd Project (Exploration)

Property acquired in 20131.5km portion of the Worthington Offset dykeThree past producing mines (Howland, Robinson and Rosen (1900-1960’s)

WORTHINGTON OFFSET DYKE

Totten

Aer-Kidd

Victoria

SICContact

Worthington Offset

Aer-KiddProperty

Current/Historic Ore Zones

Historic/Current Shafts Development Project

LEGEND

Cautionary Statement: Mineralization identified on adjacent properties does not necessarily indicate that mineralization will be identified on the Aer-Kidd Property. The Author has been unable to verify the information on the

adjacent property and the information regarding the adjacent property is not necessarily indicative of the mineralization on the Aer-Kidd Property.

Q1 2021

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WORTHINGTON OFFSET – LONG SECTION

Victoria Deposit10.5Mt @ 1.5% Ni, 2.0% Cu, 4.8g/t PGM

Totten Mine

14.5Mt @ 2.5% Ni, 2.5% Cu, 7.8g/t PGM

Gra

de

in

cre

ase

wit

h D

ep

th

Aer-Kidd – Positioned between two world class assets

Cautionary Statement: Mineralization identified on adjacent properties does not necessarily indicate that mineralization will be identified on the Aer-Kidd Property. The Author has been unable to verify the information on the

adjacent property and the information regarding the adjacent property is not necessarily indicative of the mineralization on the Aer-Kidd Property.

Q1 2021

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Geology

Property covers a 1.5km portion of the offset dyke. 35 - 50m wide steeply dipping to the SE.Amphibolite-bearing IQD (AIQD) is the host of mineralization on the property.4 zones of AIQD extending from surface to >1500m have been identified on the property.

Mineralization

High-grade massive sulphide occurring interstitial to large breccia fragments (up to 15m in length)High-tenor sulphides (6.5 wt.% Ni), High PGM values (7.9% Ni, 7.5% Cu, 4.36 g/t Pt, 128.5 g/t Pd, 0.99 g/t Au over 0.25m) Fragments carry little to no grade and account for 50-60% of host rock.Three past producing mines: Howland Pit, Robinson Mine and Rosen Mine.Host rock and mineralization is similar to what is observed at Totten and Victoria.

AER-KIDD PROPERTY

Mine (Past Producer)

Historic Drill Hole

SPC Drill Hole

Aer-Kidd Property

Quartz Diorite

Inclusion-Bearing QD

Amphilbolite-Bearing IQD

Q1 2021

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AER-KIDD MINERALIZATION

Area of known mineralization

Drilling

SPC has completed 25,400m of drilling to date. Targeting zones of AIQD, EM anomalies and mineralization

Howland Trend

AK-14-001A: 1.04% Ni, 0.75% Cu, 0.69g/t Pt, 1.52g/t Pd, 0.19g/t Au over 8.10m from 900.8mU9E-23: 0.34% Ni, 1.30% Cu over 30.0m from 716.0mAK-14-001: 1.37% Ni, 0.50% Cu, 0.32g/t Pt, 1.21g/t Pd, 0.11g/t Au over 1.75m from 960.1m

Robinson Trend

AK-14-003: 0.67% Ni, 0.99% Cu, 0.80g/t Pt, 0.50g/t Pd, 0.16g/t Au over 9.15m from 566.45mAK-18-030: 0.61% Ni, 0.92% Cu, 1.52g/t Pt, 0.69g/t Pd, 0.29g/t Au over 13.35m from 696.75mAK-18-030A: 0.66% Ni, 1.22% Cu, 0.74g/t Pt, 2.57g/t Pd, 0.15g/t Au over 13.60m from 651.5mAK-19-035: 0.54% Ni, 0.41% Cu, 0.97g/t Pt, 0.79 g/t Pd, 2.08 g/t Au over 22.45m from 430.95mW03-03AW1: 1.42% Ni, 0.62% Cu over 8.91m from 844.16m

Rosen TrendAK-17-020: 0.91% Ni, 0.28% Cu, 0.46g/t Pt, 0.23g/t Pd, 0.11g/t Au over 12.35m from 70.55mAER-007: 1.20% Ni, 0.83% Cu over 2.01m from 1051.8m

Perch Lake TrendAER-008: 1.06% Ni, 0.67% Cu over 0.25m from 57.30m

Q1 2021

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AK-14-001A

Drilled to test an EM anomaly on the Howland Trend. Hole intersected high-grade massive sulphide and many large barren breccia fragments.AK-14-001A: 1.04% Ni, 0.75% Cu, 0.69g/t Pt, 1.52g/t Pd, 0.19g/t Au over 8.10m from 900.8m

SULPHIDE MINERALIZATION

Totten Mine stope

AK-14-001A: Results

From To Length Rock Type Ni % Cu % Pt Pd Au

900.80 901.15 0.35 Massive sulphide 1.78 0.61 0.65 0.24 0.06

901.15 902.00 0.85 Quartz Diorite 0.09 0.30 0.27 0.41 0.11

902.00 902.60 0.60 Massive sulphide 2.23 0.67 0.34 0.19 0.01

902.60 903.00 0.40 Amphibolite 0.38 0.58 0.12 0.13 0.03

903.00 903.80 0.80 Massive sulphide 2.48 0.23 0.42 0.19 0.02

903.80 905.00 1.20 Amphibolite 0.05 0.07 0.05 0.16 0.02

905.00 906.00 1.00 Amphibolite 0.06 0.23 0.05 0.05 0.03

906.00 907.25 1.25 Amphibolite 0.04 0.31 0.04 0.22 0.02

907.25 908.10 0.85 Massive sulphide 3.60 4.12 3.69 1.24 0.46

908.10 908.50 0.40 Quartz Diorite 0.11 0.31 0.18 0.87 0.34

908.50 908.90 0.40 Massive sulphide 2.42 1.12 2.97 24.20 1.94

Q1 2021

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AER-KIDD EXPLORATION PROGRAM

Targets

Known mineralization (red boxes) (0.2-1Mt potential)

AMT Targets (yellow circles) (1-5Mt potential)

Blue-sky opportunity (green boxes) (>5Mt potential)

Program – $3,600,000

Initiate drilling following public listing

Expected 12 - 18 month drill program

15,000 – 20,000m of planned drilling

Results driven program

Same exploration techniques used to discover

both Totten and Victoria

1

Q1 2021

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Regional History

Crean Hill Mine (1905-2002) produced ~16Mt @ 1.22% Ni, 1.11% Cu and 1.92g/t PGM.Lockerby Mine (1970-2015) produced 9.6Mt 1.83% Ni, 1.08% Cu

Geology

Sulphide mineralization associated with the steeply dipping basal contact of the Sudbury Basin.

LOCKERBY EAST PROPERTY

Lockerby East Property

Property hosts the Lockerby East deposit (100%) and the West Graham deposit (70%)LKE is a narrow high-grade deposit at a vertical depth of 1000m. (10.0m @ 5.60% Ni, 1.26% Cu)West Graham is a large near-surface lower-grade deposit. (71.5m @ 0.51% Ni, 0.34% Cu)

Crean Hill Shaft

Crean Hill Deposit

Lockerby Deposit

Lockerby East Deposit

West Graham Deposit

Lockerby Mine Shafts

SIC Contact

Lockerby East Property

Current/Historic Ore Zones

Historic/Current Shafts

Q1 2021

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Lockerby East deposit (100%)

Mined underground from the Lockerby Mine0.18Mt @ 2.32% Ni, 0.87% Cu - Indicated Resource

West Graham deposit

Large lower-grade deposit that comes within 40m of surface.8.5Mt @ 0.45% Ni, 0.31% Cu (0.65% NiEq) - Indicated2.0Mt @ 0.38% Ni, 0.30% Cu (0.58% NiEq) – Inferred

LOCKERBY EAST PROPERTY

Opportunity

West Graham deposit provide an opportunity to advance a resource towards a production decision. Geophysical targets down-dip of Lockerby East present an opportunity to make a significant discovery.Potential to utilize existing infrastructure

Program - $0.5M stage 1

Update Resource Model to compliant state (2009)Acquisition of remaining 30% interest in West GrahamInfill drilling to upgrade resourcePreliminary Economic StudyDrill testing down-dip of the Lockerby East Deposit.

Q1 2021

Cautionary Statement: The Company considers the cited public domain resource estimate to be historical in nature and cautions the reader that they may no longer be relevant. The Company is not treating the historic estimate as a current

mineral resources.

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Location

Located 50km NE of Sudbury in Janes Township in the Sudbury Mining District.~2,900 hectares of mining claims

Option Terms

Option to earn an 100% interest in the property.$355,000 cash, $155,000 in shares and $227,000 in exploration expenditures over 5 years.

JANES PGM-Cu-Ni PROPERTY

Regional Geology

Magmatic sulphide mineralization associated with the Proterozoic aged Nipissing magmatic event.Folded gabbroic sills hosted with Huronian sediments.Widespread Ni-Cu-PGM mineralization associated with the basal contact of the sill.

Janes Property

Aer-Kidd Property

Lockerby East

10km

Sudbury Igneous Complex

Q1 2021

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Local Geology

Mineralization is related to the footwall contact of a folded sill.Contact related mineralization has been traced at surface for over 400m and is locally up to 30m thick.

Mineralization Styles

Three styles of mineralization identified on the property: 1. disseminated PGM-Cu-Ni mineralization, 2. massive Ni-Cu-PGM mineralization and 3. shear-hosted bonanza grade PGM mineralization. 1) 2.71g/t PGM, 1.01% Cu, 0.27% Ni over 18.05m at 32.0m (DDH JR99-01)2) 1.51% Ni, 1.86% Cu, 1.79g/t PGM over 7.9m at 172.8m (DDH 69-08)3) 1,715g/t Pd, 17.25g/t Pt, 109.5g/t Au. 0.23% Cu, 0.23% Cu (grab sample)

JANES PGM-Cu-Ni PROPERTY

Opportunity

Mineralization encountered to date is shallow <200m.Opportunity to develop near surface PGM-rich resources.Opportunity for high-grade massive sulphide at depth (150-500m).Use modern geophysics to evaluation the property.

2020 Program - $0.25M in progress

Surface sampling completed (results pending)Ground geophysics underwayDrilling planned for 2021

Q1 2021

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RECENT MARKET COMPARISION

$20.0M

$312.2M

$87.9M $57.1M $42.3M $49.7M $35.6M

SPC Nickel Canada Ni Company C1 Nickel Garibaldi Nickel Creek Tartisan Ni NA Nickel

Market Capitalization

Q1 2021

Market Cap C$20.0M1 C$312.2M C$87.9M C$57.1M C$42.3M C$49.7M C$35.6M

Cash $8.6M (Dec 2020) $13.0M (Oct 2020) $3.1M (Nov 2020) $5.3M (Nov 2020) $3.4M (June 2020) $0.0M (June 2020) $1.5M (Aug 2020)

Key Project(s) Aer-Kidd (100%)Lockerby East (70%)Janes (up to 100%)

Crawford Nickel Project

Alexo-Kelex, Dundonald

Nickel Mountain Shaw Nickel Kenbridge Maniitsoq

Project Type Brownfield Greenfield Brownfield Greenfield Brownfield Brownfield Greenfield

Location Sudbury Basin, ON Timmins, ON Timmins, ON Northern, BC Yukon Kenora, ON Greenland

Resource Yes (historical) Yes Yes No Yes Yes No

Mineralization Magmatic Ni-Cu-PGM, disseminated

sulphides, massive sulphides

Serpentinized ultramafic Ni, disseminated

sulphides

Komatiite-hosted Ni-Co-PGM , massive

sulphide

Magmatic Ni-Cu-PGM, disseminated sulphides, massive

sulphides

Magmatic Ni-Cu-PGM, disseminated

sulphides

Magmatic Ni-Cu-PGM, disseminated sulphides, massive

sulphides

Magmatic Ni-Cu-PGM, disseminated sulphides,

massive sulphides

Stage Advancedexploration

PEA Advanced exploration

Advanced exploration

Advanced exploration

Advanced exploration

Early exploration

Potential Mine Type

OP and UG OP OP and UG OP and UG OP and UG OP and UG Unknown

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www.spcnickel.com 22

CORPORATE SNAPSHOT

Outstanding shares 102.1 million

Warrants & Options 9.5 million

Fully Diluted 111.6 million

Share Price (Dec 3, 2020) $0.20*

Market Cap ~$22.3 million

Cash (Dec 3, 2020) ~ $8.7 million

Capital Structure

Transition Metals Corp Dundee Goodman Merchant Partners

Karora Resources Leede Jones Gable

Resource Capital Funds IBK Capital Corp.

Canaccord Genuity Libre Capital Group

Commodity Capital

Last Financing (Dec 3, 2020)

Top Shareholders

Shareholder Breakdown

26%17%

29%

28%

Insiders

Retail

Institutional

Other

Deal Terms

Total Raised Hard Dollar Follow Through

C$7.65M C$5.81M @ 0.20/sh C$1.84M @ 0.24/sh

*No Warrants

Q1 2021

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INVEST IN SPC NICKEL

Management

Experienced management team with

proven and relevant track record of success in the Sudbury Basin.

Quality Asset

Two advanced-staged projects (Aer-Kidd, Lockerby East) in the Sudbury camp and an option on a highly

prospective property (Janes).

Path to Success

An aggressive post list exploration plan

developed to generate news and help drive the

share price.

Proven Camp

Located within the world-class Sudbury Basin with over 125

years of mining history.

Market Cycle

Well positioned to take advantage of

the forecasted growth in the Ni, Cu, and

PGM markets.

Q1 2021 23

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THANK YOU!

[email protected]

For more information contact me at:

1-705-929-8694 (Canada)

Grant Moure, President & CEO

Page 25: Nickel Exploration Company · 2021. 3. 6. · A NICKEL BATTERY-CHARGED FUTURE To increase energy density, future battery chemistries will contain more nickel Nickel will make up to