Updated presentation

1. Maniitsoq Ni-Cu Sulphide Project, SW Greenland

2. Forward Looking Statements:
Some of the statements contained herein may be forward-looking statements which involve known and unknown risks and uncertainties. Without limitation, statements regarding potential mineralization and resources, exploration results, and future plans and objectives of the Company are forward-looking statements that involve various risks. The following are important factors that could cause the Company’s actual results to differ materially from those expressed or implied by such forward-looking statements: changes in the world wide price of mineral commodities, general market conditions, risks inherent in mineral exploration, risks associated with development, construction and mining operations, the uncertainty of future profitability and the uncertainty of access to additional capital. There can be no assurance that forward- looking statements will prove to be accurate as actual results and future events may differ materially from those anticipated in such statements. North American Nickel undertakes no obligation to update such forward-looking statements if circumstances or management’s estimates or opinions should change. The reader is cautioned not to place undue reliance on such forward-looking statements.
TSX-V : NAN
www.northamericannickel.com
2

3. 3
CORPORATE OVERVIEW
Flagship Maniitsoq project in SW Greenland with
District scale land position and significant Ni-Cu
intersections
 Land package in established Sudbury nickel camp
 Experienced management, board and advisors with
technical and operational nickel expertise
 Well financed with strong cornerstone investor
CAPITAL STRUCTURE (As at Oct. 2014)
Issued & Outstanding: 169,964,679
Warrants: ($0.21 - $1.00) 25,137,027
Options: 11,253,000
Fully Diluted: 206,354,706
52 Week High/Low $0.65/$0.16
Current Price $0.21
Market Cap $35 million
Cash $7 million
SIGNIFICANT SHAREHOLDERS
Sentient Group 41.2%
VMS Ventures 22%

4. 4
Why Own North American Nickel?
The Right Geology
 Maniitsoq’s geology is exemplary for hosting a district scale nickel camp:
 Abundance of high-grade Ni-Cu±Co±PGE sulphide occurrences throughout a 75 x15 km belt
 Sulphide mineralization has consistently high nickel tenor
 Ni-Cu±Co±PGE occurrences are related to a large-scale, mafic-ultramafic magmatic event
associated with major, long-lived structures
 Mineralogical test work indicates potential for good Ni recovery using conventional techniques
The Right Technology:
 Application of new technology has lead to better detection and targeting
 Modern, helicopter-borne, time domain electromagnetic (TEM) technology has proven
successful at locating Ni-Cu±Co±PGE mineralization that previous fixed wing airborne surveys
missed due to difficulties associated with rugged terrain.
 Surface gravity has the potential to outline the sub-surface extents of prospective mafic-ultramafic
intrusions
 Modern surface EM surveys have enhanced depth penetration
 Borehole EM is helping to target mineralization in the subsurface

5. 5
Why Own North American Nickel?
The Right Place
 Greenland is a secure, first world political jurisdiction supported by pro-mining government
 Greenland, outside of infrastructure and labor supply, is ranked top 10 in the Fraser Institute’s
annual survey of mining jurisdictions around the world
 In 2013 Greenland issued an exploitation license to London Mining for the >1 billion tonne Isua
Iron deposit situated 50 km inland from the Maniitsoq project. Six mineral exploitation licenses
issued during period 2003-2014.
 Adjacent to tide water that is navigable year-round. Southwest Greenland is warmed by the Gulf
Stream current
The Right People
 Highly experienced management and technical team with over 125 years of exploration and mining
experience and a track record of discovery
 VMS Ventures Reed Lake Copper Mine, Manitoba
 Board well versed in operation of public companies and financing; advisors with specialized experience
in nickel and also operating in Greenland
 NAN has strong strategic investors
 The Sentient Group owns 41.2%
 VMS Ventures Inc. owns 22%

6. 6
MANAGEMENT & TECHNICAL TEAM
Mark Fedikow, PhD, P. Geo.
President & Interim CEO
• 39 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, CGA Chief Financial Officer
• Over 15 years in finance with last 7 years as CFO/controller
Patricia Tirschmann, MSc, P. Geo.
Principal Nickel Geologist
• 26 years specializing in Ni-Cu sulphide exploration
• Senior Geologist with Falconbridge Limited and former VP Exploration
Continental Nickel Limited
Jim Sparling, P. Geo., MBA Project Manager
• Over 25 years exploring for base metals and gold
• member of Hudbay team with four economic discoveries
BOARD OF DIRECTORS
Douglas Ford, Non-executive Chairman
• 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 and President 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

7. 7
Maniitsoq Project History and Corporate Financing
Apr-Sept 2014
Field Program 3
incl. surface gravity
surveys & 8,773m
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

8. 8
High Grade Results 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)

9. 9
MANIITSOQ PROJECT

10. 10
PROJECT OVERVIEW
 District scale property covering 3,601 sq km in SW
Greenland. 100% Owned.
 Property covers 75km x 15km Greenland Norite Belt
(GNB) hosting numerous mineralized intrusions
 Three norite bodies (Imiak Hill, Mikissoq & Spotty Hill)
within a 2 km radius which comprise the Imiak Hill
Complex (IHC)
 High grade nickel sulphide mineralization (locally over
7% Ni) intersected in 2013 and 2014 drilling at Imiak
Hill
 Multiple new intersections of mineralized norite at
regional targets in 2014
 Over 200 conductive targets identified through
helicopter EM (VTEM) geophysical surveys

11. 11
LOCATION
 Located on the southwest coast of Greenland, which
is pack ice free year-round.
 Maniitsoq’s mild climate allows for all year round
mining & shipping of concentrate.
 Nuuk has modern, well serviced container port 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.

12. 12
PROPERTY
 Property consists of two exploration licenses
totalling 3,601 km2
 95 km N-S by up to 65 km E-W
 Camp located on coastal inlet
 Capital of Nuuk ~ 45 minutes by helicopter and
3.5 to 4 hours by boat

13. 13
GEOLOGY
Nickeliferous Mafic-Ultramafic
Intrusions
 Concentrated in a 75 x 15 km curvilinear belt known as
the Greenland Norite Belt
 Norites, leuco-norites, pyroxenites & peridotites with
surface gossans
 Range in size from small dykes and plugs to elongated
bodies 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
 Akia Terrane: Mainly trondhjemitic-tonalitic-granodioritic
(TTG) and granitic gneisses
 Amphibolite and meta-sedimentary supracrustal rocks
 Strongly deformed & metamorphosed

14. 14
EXPLORATION HISTORY (GNB)
1959 – 1973: Kryolitselskabet Øresund (KØ)
 Systematic prospecting from the air, shallow-looking surface
geophysics (< 50m) and shallow diamond drilling (average
hole length <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
 no airborne geophysics, modern ground EM surveys or
borehole EM
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
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
= Ni-Cu occurrence = Selected Ni-Cu occurrence

15. 15
New Technology Helicopter-borne TDEM
Borehole TDEM
Surface 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 > 200 EM anomalies
 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
~ 25% of property covered by Helicopter EM

16. 16
IMIAK HILL COMPLEX (IHC) 2012-2013
17 drill holes, 3,248m

17. 17
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 (Cpy) and pyrite
 Often coarse-grained, possibly recrystallized
 Nickel primarily in pentlandite (95-96%)
MQ-14-037, Imiak Hill
Po
Cpy
Pn

18. 18
IMIAK HILL COMPLEX (IHC) 2014
17 drill holes, 5,048 m

19. 19
IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS

20. 20
2014 REGIONAL DRILLING HIGHLIGHTS
 New intersections of mineralized norite
at eight widespread regional locations
 Disseminated to semi-massive sulphides
 Pyrrhotite- Chalcopyrite-Pentlandite
 Nickel tenors up to ~ 12%
 P-053 closest to coast and NAN camp
22 drill holes, 3,725m

21. Pn
0.50m @ 3.31 % Ni, 0.61% Cu 21
P-149 (Pingo)
MQ-14-041
23.2m @ 0.36% Ni, 0.17% Cu
& 0.15 g/t TPM

22. 5.6% Ni
22
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

23. 23
P-013
MQ-14-066
6m, assays pending
MQ-14-068
16m, assays pending

24. MQ-14-071
44,607S
10,206S
8,902S
194m
24
P-053
Borehole EM Survey Results
 150ms fluxgate survey
 3 high conductance
BHEM anomalies
 Correlated with
mineralized norite
intersected in hole
MQ-14-071
Cpy-rich
Looking North

25. 25
Deposit Model?
Similarities to major nickel deposits but unique
Characteristics Maniitsoq Observations
Age Archean: ~ 3.0 Ga U-Pb zircon ages for five norite intrusions
Tectonic Setting Deeply eroded, rifted cratonic
margin with evidence of large
magmatic event
TTG assemblage; carbonatites &
kimberlites; norite belt & dyke swarms;
high grade metamorphism and mylonites
Magmatic
“Architecture”
Irregularly shaped to locally
linear, deformed, intrusive bodies
Potentially conduit systems
Evidence of
Contamination
Yes Wispy fragments and hybridized zones
Sulphides Magmatic & remobilized,
possibly recrystallized;
Po-Cpy-Pn
Py
IHC Mineralization concentrated into
steeply plunging zones
MgO% Imiak Norite: 5.7 – 9.6
Spotty Pyroxenite: ~ 22
Opx > Cpx, locally replaced by Hbl
Nickel Tenors
(in 100% sulphides)
4 – 12% Median: 8.4 (<10% sulphides)
7.1 (>10% sulphides)
Ni:Cu ratios
1 – 10 Median: 3.1 (< 10% sulphides)
7.4 (> 10% sulphides)
Ni:Co ratios 17 – 37 Median: 27 (<10% sulphides)
31 (>10% sulphides)

26. www.northamericannickel.com
26
SUMMARY
 District scale property with potential to host new nickel camp
 High grade Ni-Cu at IHC and new regional Ni-Cu discoveries
 Rapidly evolving exploration model and methodologies
 Large exploration program planned for 2015
 Project underpinned by experienced management and board and supported by strong cornerstone investor

27. Appendix
Economic Geology (Pgs. 28-30)
2014 Drilling Program (Pgs. 31-32)
Historical Ni Occurrences (Pg. 33)
27

28. 28
Norite Intrusions
Distinct Appearance
 Rounded hills covered with brownish-grey,
often rusty, rock and coarse
gravel.
 Multi-phase: compositions range from
quartz diorite through norite to
pyroxenite to lherzolite.
 Locally pyroxenes are partially or
completely replaced by hornblende.
Field and Drill Core Observations
 Centre of bodies are massive to weakly
foliated.
 Strain localized near contacts which can
be mylonitized.
 Magmatic textures as well as apparent
remobilization and recrystallization.
 Evidence of interaction with country
rocks; chaotic rock assemblages with
breccia-like textures

29. 29
Sulphide Mineralization
 Consists of monoclinic
pyrrhotite, pentlandite,
chalcopyrite and pyrite
 Often coarse-grained
 Nickel primarily in pentlandite
and 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

30. 30
Nickel Deportment - QEMSCAN
Mass (% Ni)
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.

31. 31
2014 Drill Program 8,773m in 39 HOLES
Imiak Hill Complex 5,048m in 17 holes
Imiak Hill
 New Zone 30 intersection
 MQ-14-037: 11.03m @ 3.07% Ni & 0.53% Cu incl. 7.04% Ni & 0.25% Cu over 0.63m
 Expansion of Zone 10
 MQ-14-072: 19.5m of net-textured to semi-massive sulphides, assays pending
 Disruption of down plunge extent of zones 10 and 30 by mylonite zone
Mikissoq
 Mineralization expanded down plunge to northeast
 MQ-14-073: 45.6m of disseminated mineralization & 5.6m of net-textured to semi-massive sulphides,
assays pending
Spotty Hill
 Mineralization consists of wide zones of disseminated sulphides with internal zones of highly conductive
semi-massive sulphides
 MQ-14-058: 130.56m @ 0.28% Ni, 0.08% Cu & 0.10 g/t TPM incl. 0.52% Ni over 38.65m and
0.55% Ni over 10.5m
 assays pending for heavily disseminated to semi-massive sulphide intervals in holes
MQ-14-062 and 065
 Mineralization open down plunge to southeast

32. 32
2014 Drill Program
Regional Targets 3,725m in 22 holes
 14 widely spaced regional targets tested
 19 of 22 holes intersected prospective noritic and gabbroic rocks
 New intersections of mineralized norite at eight locations:
 P-149, P-146, P-136, P-004, P-058, P-013, P-030 & P-053
 MQ-14-057: 1.72% Ni & 0.26% Cu over 5.58m (P-058, center of property)
 MQ-14-051: 0.94% Ni, 0.17% Cu & 0.99 g/t TPM over 4.31m (P-004)
 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, north end of property)
 Assay pending for holes at P-013, P-030 and P-053
 3 high conductance off-hole fluxgate EM anomalies correlated with mineralized norite
at P-053 (south end of property)
 Follow-up drilling and continued testing of regional targets planned for 2015

33. 33
Historical Nickel Occurrences