North American Nickel Grants Incentive Stock Options

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Jan. 29, 2016) - North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108) (the "Company" or "NAN") announces it has granted incentive stock options to certain directors, officers, employees and consultants of the Company.

The Company has granted incentive stock options to certain directors, officers, employees and consultants of the Company to purchase up to 6,058,000 common shares in the capital of the Company pursuant to the Company's stock option plan. All of the options are exercisable for a period of five years at an exercise price of $0.21 per share. The grant includes a total of 50,000 options to consultants Mr. Michael Senn, Geologist and Mr. Mark Fields, P.Geo., B.Comm, which relate to and vest upon the Company obtaining a metallic mineral lease.

About North American Nickel

North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland and Sudbury, Ontario.

The Maniitsoq property in Greenland is a Camp scale project comprising 2,985 square km covering numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions of the Greenland Norite Belt (GNB). The >75km-long belt is situated along, and near, the southwest coast of Greenland accessible from the existing Seqi deep water port (See NAN News Release dated January 19, 2015) with an all year round shipping season and abundant hydro-electric potential.

The Post Creek/Halcyon property in Sudbury is strategically located adjacent to the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM International Ltd. The property lies along the extension of the Whistle Offset dyke structure. Such geological structures host major Ni-Cu-PGM deposits and producing mines within the Sudbury Camp.

ON BEHALF OF THE BOARD OF DIRECTORS

Mark Fedikow, President, North American Nickel Inc.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this release.