The document discusses North American Nickel Inc.'s Maniitsoq Ni-Cu-PGE project in southwest Greenland. It provides background on the project's location in an underexplored nickel belt adjacent to tidewater, as well as its capital structure, management team, advisors, and regional geology featuring abundant nickel showings in noritic intrusions. It summarizes North American Nickel's 2011 work program which involved new helicopter-borne geophysical surveys that successfully outlined multiple conductive target zones, marking a significant improvement over prior techniques.

1. MANIITSOQ Ni-CuNICKEL INC
NORTH AMERICAN PROJECT
TSX V: NAN
THE MANIITSOQ
Ni-Cu-PGE PROJECT
Southwest Greenland
June, 2012
Slide 1

2. Forward-Looking Statements
NOTE:
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 Inc. 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.
Slide 2

3. Capital Structure
Listing NAN:TSX.V Cash Value
Issued and Outstanding: 76,922,693
VMS Owns (21,825,000)
Sentient Owns (20,000,000)
Warrants:
@ $0.10 expire Dec. 28,2012 5,837,500 $0.6M
@ $0.35 expire Nov. 24, 2012 11,243,950
VMS Owns 5,000,025 $3.9M
@ $0.21 Owned by Sentient 10,000,000 $2.1M
Greenland Warrants @ $0.50, $0.70, & 12,960,000 $9.0M
$1.00
Options 5,618,000 $0.8M
Fully Diluted 122,582,143 $22M
Cash Position $3.6M
52 Week High/Low $0.090 – $0.32
Slide 3

4. Directors & Management
Rick Mark, M.Ed (Admin) - CEO & Chairman: Rick has over 23 years experience in the public market
place. He is also the CEO & Chair of VMS Ventures Inc. (VMS:TSX.V), and Harvest Gold Corporation
(HVG-TSX.V), a December 2005 "spin off" from VMS, and is the President and CEO of Pancontinental
Uranium Corp. (PUC-TSX.V).
Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. - President and C.O.O., Director: Mark
has 34 years of industry and government experience as an exploration geochemist and mineral deposits
geologist. He was the Chief Geologist of the Mineral Deposits Section in Manitoba. In 2001, Mark was
the recipient of the Provincial Geologists Medal, a Canadian national award for outstanding geoscientific
achievement. He is also the Vice President of Exploration and Technical Services of VMS Ventures Inc.
John Pattison, P. Geo., B.Sc. – Chief Geologist: John has extensive experience in base metal
exploration, in particular, nickel sulphide deposits. His career extends from the nickel camps of Canada
to southern Africa. From 1983 to 2002, John worked with Falconbridge Limited and associated
companies where he was responsible for managing base metal, PGE and gold exploration projects
throughout Canada and southern Africa.
John Roozendaal – Director: John is the founding director and President of VMS Ventures Inc. He has
been involved with the minerals exploration industry for over 20 years, and was directly involved in the
VMS Ventures Reed Lake discovery in 2007, which is now Joint Ventured with HudBay Minerals Inc.
Slide 4

5. Advisors
James M. Patterson B.A., D.I.C., Ph.D., P. Geo.: Jim has over 40 years experience in mineral
exploration in Canada, Ireland, SE Asia and South America working with major and junior exploration
companies, government and international development agencies. He was formerly with FNX Mining
Company Inc. where he was Geological Consultant (2001-2002), Vice President Exploration (2002-2005)
and VP & Executive Consultant (2005-2006).
Cashel Meagher B.Sc. P. Geo.: Cashel is currently Vice President Exploration of HudBay Minerals. He
has worked with the technical and management teams at VMS Ventures and North American Nickel
through the Reed Lake joint venture with VMS. Prior to joining HudBay, Mr. Meagher held management
positions with Vale Inco in exploration, technical services, and mine operations.
Walter Peredery Ph.D. P.Geo.: Walter has more than 40 years experience in nickel-copper-PGE
exploration in the Sudbury Basin as well as the Thompson Nickel Belt in Manitoba. Dr. Peredery is a
recognized expert in the geology and ore deposits of the Sudbury mining camp. He is the author of the
qualifying N.I. 43-101 report for North American Nickel. Dr. Peredery’s accomplishments include co-
authoring of the impact theory of the Sudbury igneous complex which is recognized around the world as
the definitive work on the Sudbury basin.`
Mike Muzylowski: Mike Muzylowski, Callinan Mines Ltd. (CAA-TSX.V) accomplished President and
CEO, has played key roles in the discovery of 15 Canadian mines, 13 in Manitoba, during his
distinguished career as a geologist, geophysicist and senior mining executive.
Slide 5

6. Advisors
John Rowntree, Hons B.Sc., FAusIMM, CIMM: John Rowntree has 46 years experience in the
minerals exploration industry. He has been a founding director of several public exploration companies
and has been responsible for property acquisition and for directing exploration leading to the discovery
of economic gold, tantalum, uranium, platinum, copper/gold and TVM iron deposits in Australia and
Greenland.
John Ferguson, Ph.D., D.Sc., FAusIMM & Life Fellow Geological Soc. S. Africa: John Ferguson has
been involved in the minerals industry, academia and four geological surveys for the past 50 years. He
has conducted extensive exploration activities in several continents particularly focusing on gold, base
metals, platinum group elements, iron ores, uranium, rare earth elements & diamonds. He has held
positions as founding director of publicly listed companies, Professor/Reader at the University of the
Witwatersrand and Division Head/Acting Director at the Bureau of Mineral Resources Geology &
Geophysics, Canberra (now Geoscience Australia). Other survey appointments include working for the
Greenland Geological Survey and as a NRC Fellow at the Geological Survey of Canada. He was
responsible for the discovery of the platinum group metals resource at Munni Munni, Western Australia
as well as the discovery of kimberlites and industrial minerals in southern Africa and Greenland.
Neil Richardson, P. Geo.: Neil received his Geological Engineering Technical Diploma from Cambrian
College in Sudbury and has a long history of mineral exploration and mining experience with HudBay
Minerals and a host of junior explorers including Murgor Resources. Neil is the Chief Operating Officer
for VMS Ventures and is responsible for developing and implementing exploration programs in the Flin
Flon-Snow Lake area
Slide 6

7. Maniitsoq Project
A World Class Nickel Camp?
• Underexplored (previous hole lengths averaged < 60 m) but lots of high-
grade historical assays (e.g. 9.85 m @ 2.67% Ni and 0.60% Cu).
• Strong evidence of a large-scale, long lived mafic igneous event.
• Major, deep seated structures that were active from the Archean through to
the Mesozoic.
• Intrusions hosting the mineralization appear to have been part of a dynamic
magma conduit system.
• Proof that modern helicopter geophysical technology is significantly more
effective in this rugged terrain than techniques used in the past.
• 6 months from acquisition of land to identification of initial drill targets.
• Only 8% of project area investigated to date.
Slide 7

8. North America / Maniitsoq
Maniitsoq Project
 Camp-scale project in
an underexplored
nickel belt.
 Adjacent to tide water
that is open year
round.
 1,400 nautical miles
from Vale’s nickel
processing facility at
Long Harbour, NL.
Other Projects
 Major projects
situated in Thompson
and Sudbury, the two
most productive
mining camps in the
world class Circum-
Superior Nickel Belt.
Slide 8

9. Maniitsoq Project Location
• Situated in a safe, stable,
mining-friendly jurisdiction.
• Straight forward permitting
process.
• No land claims issues.
• Mine development
activities nearby including
road and deep water port
construction (London
Mining’s Isua Iron project).
Slide 9

10. THE MANIITSOQ NICKEL BELT
- PLENTY OF ROOM FOR WORLD CLASS
DEPOSIT(S)
Belt is arcuate shaped, 75
km long by 15 km wide
and characterised by
nickel-bearing noritic
intrusions.
Numerous significant
nickel showings with
consistently high nickel
tenor.
Voisey’s Bay Deposit
at map scale.
Plan view of the Voisey’s Bay intrusion (from Eckstrand & Hulbert, 2007)
From Eckstrand & Hulbert, 2007
Slide 10

11. Regional Setting
• Located in the Archean Akia terrane of the
South-West Greenland Archean complex
(correlated with the Nain province in
Labrador, Canada).
• Akia terrane consists of 80% retrogressed
3.4 – 2.9 Ga granulite facies gneisses
intercalated with supracrustal rocks (15%
amphibolites of volcanic origin and 5%
layered mafic complexes). The
Finne-
Fjeld
supracrustal rocks occur in belts up to 6
Gneiss
km wide folded into dome and basin
patterns.
• Project is roughly centred on the Finnefjeld
gneiss complex (2975 Ma), which has
recently been interpreted to represent the
centre of a giant meteorite impact site
(Garde, 2010).
Slide 11

12. Regional Setting
Property Geology
GREENLAND • Abundant Ni-Cu sulphide showings
NORITE BELT
associated with noritic intrusions.
• Norites are concentrated in, but not
restricted to, a J-shaped belt 75 km
long by up to 15 km wide that wraps
around the Finnefjeld Gneiss
Complex.
• Intrusion of nickeliferous norites over
a period of time spanning at least
one complete geomagnetic reversal.
Slide 12

13. Regional Setting
Ni-Cu Occurrences
• 14 significant Ni-Cu showings.
• KØ made numerous intersections
including:
9.85 meters averaging 2.67% Ni and
0.60% Cu at Imiak Hill
12.89 meters averaging 2.24% Ni
and 0.63% Cu at the Fossilik
showing.
• KØ drilled 119 holes totalling 6,287 m
(i.e. average hole <55 m long) to test
outcropping norites, exposed sulphide
mineralization and shallow
electromagnetic (EM) anomalies directly
associated with exposed mineralization.
• All discovered by Kyrolitselskabet
Øresund A/S between 1962 and 1972
through surface prospecting.
Slide 13

14. Undeformed Norite Host
Rocks
• Distinct appearance in field
forming rounded hills covered
with brownish-grey, often rusty,
coarse gravel.
• Individual bodies range in size
from <2x2 m to 2 x 4 km.
• Intrusions often crosscut
gneissosity (i.e. significantly
younger than country rock).
• Many intrusions appear to be
emplaced along 060° trending
structures.
• Bodies are often enveloped by
narrow mylonite zones but
interiors are usually massive
with little or no foliation.
• Intrusions are typically multi-
phase and range in composition
from quartz diorite, through
norite, to lherzolite.
Gabbronorite is the most
common phase.
• Insitu differentiation is
minimal (dynamic system).
• Assimilation of host gneiss is
common.
Slide 14

15. Mineralization
• Sulphide
mineralization
consists of mono-
clinc pyrrhotite,
pyrite, pentlandite
and chalcopyrite. Imiak Hill
• Inclusion-bearing
sulphide is a
common texture. Pingo
• Disseminated and
net textured
sulphides also Imiak Hill
common.
Quagssuk 5 cm
Slide 15

16. Nickel Tenor
Ni vs. S for Maniitsoq Drill Core
• Maniitsoq sulphides
have a relatively Typical 100% sulphide mixture
of Po+Cp+Pn contains 35.7% S
consistent nickel Kerr, 2003
tenor of 6 to 8% Ni
recalculated to 100%
sulphide.
Nickel wt. %
• Presence of pyrite
means there is more DRILL CORE
S for a given amount
of sulphide than in
typical magmatic
sulphide deposits
consisting mainly of
pyrrhotite-pentlandite
and chalcopyrite. Sulphur wt. %
After Shore, 2000
(Falconbridge Limited)
Slide 16

17. Deposit Model
VERTICAL SECTION Deposition of Ni-Sulphides in a
Magma Conduit System
PRESENT DAY • Superheated noritic magma flows
EROSION LEVEL through gneiss and paragneiss in an
open system.
• Gneiss is assimilated by the hot
magma and triggers sulphide
saturation.
• Ni + Cu ± PGE sulphides are
deposited in zones of lower velocity
within the magmatic plumbing
system.
• Continual magma flow upgrades
nickel tenor of sulphide.
• Similar to Voisey’s Bay
Modified after Maier et al., 2001 Slide 17

18. Old Technology Did Not
Work
Cominco 1995 – 1996
• 20,446 line-km of airborne GeoTEM EM and
magnetic surveying.
– Lines 200-400 m apart oriented 080° (i.e.
subparallel to orientation of norites resulting
in poor coupling).
– Large fixed wing aircraft had difficulty hugging
the rugged terrain resulting in noisey data.
– Very few anomalies associated with norites.
– Ground follow-up prospecting, minor surface
geophysics (<30 line-km) but no drilling.
Falconbridge 1993 & 2000
• 100 line-km of UTEM over Imiak Hill and part
of Fossilik.
– Lines 200 to 400 m apart.
– No conductors detected and no drilling
done.
Slide 18

19. NAN’s 2011 Work Program
• Compiled all previous work.
• Conducted 1-week field program
to sample and confirm selected
showings, locate key historical
drill holes and select areas for
helicopter TEM and magnetic
surveying.
• Flew 2,217 line-km of SkyTEM
helicopter-borne TEM and
magnetic surveys over two
blocks of ground totaling 373 km2
(<8% of the total project area).
Slide 19

20. Block 1 SkyTEM Results
• 1995 GeoTEM
survey detected
only 2 significant
(>2 channel) EM
anomalies in this
B1-B Target area block.
• NAN’s 2011
SkyTEM survey
outlined 17
B1-L Target area
conductive target
B1-J Target area zones in block 1.
• 3D modeling of
the SkyTEM data
has identified 3
high priority
targets (B1-B, B1-
J and B1-L).
Slide 20

21. 3D EM Modeling Target B1-J
TARGET B1-J (IMIAK HILL): 3D VIEW LOOKING WEST
• 170 m long by 16 m wide conductor that comes to
surface and is directly coincident with the Imiak Hill
showing.
• The model shows that the mineralization strikes parallel
to most of the historical drilling and therefore has not
been properly tested.
• The model has very limited dip extent (21 m) but the
best intersection on the showing (9.85 m averaging
9.85m @ 2.67% Ni, 0.60% Cu 2.67% Ni and 0.60% Cu) occurs 130 m below surface
indicating that strong mineralization at surface is
FO OTWALL masking the EM response from mineralization at depth.
CONTACT
OF N ORITE
E
STRIK
9.85m @ 2.67% Ni, 0.60% Cu
Slide 21

22. 3D EM Modeling Target B1-B
• 700 m long, near
Target B1-B surface conductive
zone.
• No previous drilling.
• Characteristics and
orientation of the
Interpreted conductor vary
Norite considerably along
strike suggesting it is
not formational.
• Magnetic data suggests
that it is hosted in a
large (2.5 x 1.0 km)
norite body.
Slide 22

23. 3D EM Modeling Target B1-L
TARGET B1-L (SPOTTY HILL): 3D VIEW LOOKING NORTH • Modeled as a 330 x 100 m
flat-lying conductor located
160 m below surface within a
norite intrusion.
~ 160 m BELOW SURFACE
(i.e. 100 m BENEATH
• The conductor is untested but
PREVIOUS DRILLING) past shallow drilling 100 m
above intersected weakly
330
m 100 m
disseminated, nickeliferous
sulphides grading up to
0.52% Ni and 0.26% Cu over
12.94 m.
• Clearly, mineralizing
processes were at work in the
intrusion as indicated by the
disseminated near-surface
mineralization and the most
logical location to look for
massive sulphides is at
depth.
Slide 23

24. Plans for 2012 & Beyond
2012
• Ground truth all 25 conductive target zones
identified by SkyTEM with emphasis on 3
highest priority zones (B1-B, B1-J and B1-L).
• Minimum 2,000 m of drilling to the three
highest priority targets.
• 3,000 line-km of helicopter TEM over
prospective norites in southern part of the
norite belt.
• Prospecting outside of main norite belt looking
for new showings and norites.
• Estimated cost $3.0 million
2013
• Minimum 6,000 m of follow-up drilling on
targets derived from 2012 work
• 3,000 line-km of helicopter TEM
• Estimated cost $ 7.5 million.
Slide 24

25. Investor Risk Mitigation
 100% ownership; Camp-sized land package (Sudbury)
 Public Co management/financing experience
 Technical team is deep
 Secure political jurisdiction
 Regional setting; year round exploration
 Historic exploration data is remarkable ($10M plus)
 Geology
 Abundance of Ni-Cu occurrences at surface & in drilling
 Undeformed norite host rocks
 Mineralization: inclusion-bearing sulphides
 Nickel Tenor – consistent and economic grade
 New technologies in “old” camp work
– 25 EM targets in 8% of land package
Slide 25