Maniitsoq Ni-Cu Sulphide Project,

SW Greenland

Forward Looking Statements:

Some of the statements contained herein may be forward-lookingstatements which involve known and unknown risks anduncertainties. Without limitation, statements regarding potentialmineralization and resources, exploration results, and future plansand objectives of the Company are forward-looking statements thatinvolve various risks. The following are important factors thatcould cause the Company’s actual results to differ materially fromthose expressed or implied by such forward-looking statements:changes in the world wide price of mineral commodities, generalmarket conditions, risks inherent in mineral exploration, risksassociated with development, construction and mining operations,the uncertainty of future profitability and the uncertainty of accessto additional capital. There can be no assurance that forward-looking statements will prove to be accurate as actual results andfuture events may differ materially from those anticipated in suchstatements. North American Nickel undertakes no obligation toupdate such forward-looking statements if circumstances ormanagement’s estimates or opinions should change. The reader iscautioned not to place undue reliance on such forward-lookingstatements.

TSX-V : NAN

www.northamericannickel.com 2

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 Nov. 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%

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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

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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 IsuaIron 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%

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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, CGAChief 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., MBAProject 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

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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

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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)

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MANIITSOQ PROJECT

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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

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LOCATION

Located on the southwest coast of Greenland, whichis pack ice free year-round.

Maniitsoq’s mild climate allows for all year roundmining & shipping of concentrate.

Nuuk has modern, well serviced container port andEuropean standard logistical support and coastal re-supply services

Greenland is a democratic, pro-mining country with atransparent regulatory system, competitive miningtax regime and no land claims issues.

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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

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GEOLOGY

Nickeliferous Mafic-Ultramafic Intrusions

Concentrated in a 75 x 15 km curvilinear belt known asthe Greenland Norite Belt

Norites, leuco-norites, pyroxenites & peridotites with surface gossans

Range in size from small dykes and plugs to elongatedbodies 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

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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

= Selected Ni-Cu occurrence= Ni-Cu occurrence

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New TechnologyHelicopter-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

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IMIAK HILL COMPLEX (IHC) 2012-201317 drill holes, 3,248m

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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

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IMIAK HILL COMPLEX (IHC) 201417 drill holes, 5,048 m

MQ-14-072 (Zone 10):

19.50 m: Net-textured to semi-massive

sulphides, assays pending

MQ-14-037 (Zone 30):

11.03 m @ 3.07% Ni, 0.53% Cu, 0.08% Co

Incl. 3.25 m @ 6.48% Ni, 0.29% Cu, 0.17% Co

MQ-14-073:

5.60 m: Net-textured to semi-massive

sulphides, assays pending

MQ-14-062:

66.00 m @ 0.61% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM

Incl. 8.55 m @ 2.98% Ni, 0.59% Cu, 0.10% Co, 0.86 g/t TPM

MQ-14-065:

73.49 m @ 0.59% Ni, 0.16% Cu, 0.02% Co, 0.22 g/t TPM

Incl. 10.60 m @ 1.69% Ni, 0.34% Cu, 0.05% Co, 0.50 g/t TPM

MQ-14-058:

130.56 m @ 0.28% Ni, 0.08% Cu, 0.01% Co, 0.10g/t TPM

Incl. 38.65 m @ 0.52% Ni, 0.16% Cu, 0.02% Co, 0.18 g/t TPM

and 10.50 m @ 0.55% Ni, 0.11% Cu, 0.02% Co, 0.20 g/t TPM

AA′

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IMIAK HILL: ZONES 10 & 30 LONGITUDINAL SECTIONS

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SPOTTY HILL: COMPOSITE LONGITUDINAL SECTION

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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

Pn

0.50m @ 3.31 % Ni, 0.61% Cu22

P-149 (Pingo)

MQ-14-041

23.2m @ 0.36% Ni, 0.17% Cu

& 0.15 g/t TPM

5.6% Ni

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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

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P-013

MQ-14-066

6m, assays pending

MQ-14-068

16m, assays pending

MQ-14-071

44,607S

10,206S

8,902S

194m

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P-053Borehole 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

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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)

www.northamericannickel.com27

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

Appendix

Economic Geology (Pgs. 28-30)

2014 Drilling Program (Pgs. 31-32)

Historical Ni Occurrences (Pg. 33)

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Norite Intrusions

Distinct Appearance

Rounded hills covered with brownish-grey, often rusty, rock and coarsegravel.

Multi-phase: compositions range fromquartz diorite through norite topyroxenite to lherzolite.

Locally pyroxenes are partially orcompletely replaced by hornblende.

Field and Drill Core Observations

Centre of bodies are massive to weaklyfoliated.

Strain localized near contacts which canbe mylonitized.

Magmatic textures as well as apparentremobilization and recrystallization.

Evidence of interaction with countryrocks; chaotic rock assemblages withbreccia-like textures

30

Sulphide Mineralization

Consists of monoclinic pyrrhotite, pentlandite, chalcopyrite and pyrite

Often coarse-grained

Nickel primarily in pentlanditeand 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

31

Nickel Deportment - QEMSCAN

Mass (

% N

i)

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.

32

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

33

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

34

Historical Nickel Occurrences