1. Slide 1 MANIITSOQ Ni-Cu PROJECT THE MANIITSOQ Ni-Cu-PGE PROJECT NORTH AMERICAN NICKEL INC TSX V: NAN Southwest Greenland February, 2013

2. Slide 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.

3. Slide 3 Capital Structure ListingNAN:TSX.VCash Value Issued and Outstanding:80,660,193 VMS Owns(21,825,000) Sentient Owns(20,000,000) Warrants: @ $0.21 Owned by Sentient10,000,000$2.1M Greenland Warrants @ $0.50, $0.70, & $1.0012,960,000$9.0M Options7,683,000$1.3M Fully Diluted Cash Position 111,303,193 $1.1M 52 Week High/Low$0.12 – $0.30

4. Slide 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). 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. Neil Richardson, P. Geo. – COO: Neil has over 22 years experience in mineral exploration and mining operations of base metal and precious metal deposits throughout Canada. Mr. Richardson most recently the Manager of Exploration for Murgor Resources Inc. where he was responsible for delineation of two projects to National Instrument 43-101 compliant mineral resource estimates, project generation, process discipline and corporate growth strategies. Mark Fedikow, HBSc., M.Sc., Ph.D., P.Eng., P. Geo., C.P.G. – President & 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.

5. Slide 5 Directors & Management Gilbert Clark, B.Sc (Geology) – Director: Mr. Clark is a European based Geologist with more than 13 years of industry experience; principally in mining and international resource developments. Since 2010, Mr. Clark has been involved in private equity investments and appraisals primarily in the mining and energy sectors. He is currently an Investment Advisor with The Sentient Group, an independent private equity investment firm specializing in the global resources industry. Douglas Ford - Director: Since 1987 Mr. Ford has worked in the public markets, serving as CFO and board member of a number of junior companies with direct responsibility for all financial reporting, corporate finance and compliance activities. Edward Ford – Director: A Chartered Accountant, Mr. Ford is a leading specialist in all aspects of venture capital and bridge financing, with more than 40 years of experience creating and implementing financial development plans for client enterprises in Canada and the United States. Edward Ford has designed and managed a wide range of public marketing financing arrangements, private placements, investment syndicates and tax shelter instruments to fund the growth programs of client companies. James Clucas - Director: Mr. Clucas was Chief Financial Officer of Inco’s Canadian operations until 1984 and has been involved in the development of several mineral deposits, including the Snow Lake Mine (High River Gold Mines), Montana Tunnels (Pegasus Mining) and the Fenix Project (HudBay Minerals Inc.). He was the founder of International Nickel Ventures Inc. which acquired and developed the Santa Fe/Ipora Nickel Laterite deposit in Brazil.

6. Slide 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.

7. Slide 7 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.

8. Project Summary Slide 8 Deposit Type: Minimum size: Location: Property status: Infrastructure: Previous work: Exploration rational: Magmatic Ni+Cu+Co+PGE sulphide 10 to 15 Mt @ 1.0% Ni equivalent Southwest Greenland 4,983 km 2 in two exclusive mineral exploration licences. None but most targets are <50 km from ice-free tide water. Prospecting and shallow drilling (average hole length <55 m) discovered numerous high grade Ni showings in 1960’s and 70’s. Airborne and surface geophysical surveys in the1990s failed to identify any drill targets. Very possible that economic deposits were missed as historical geophysical technology had difficulty in the rugged terrain that characterizes the project area. Modern helicopter TEM flown perpendicular to strike at low altitude will have a much better chance of locating Ni+Cu+Co+PGE deposits.

9. Project Progress 2011 Identified Maniitsoq area as favourable for nickel sulphide deposits and acquired ground. Compiled all available geological and historical exploration data in digital GIS format. Located key historical showings and drill holes in the field. Confirmed effectiveness of helicopter TEM by flying test survey over selected areas. 2012 Acquired additional ground based on positive 2011 results. Completed helicopter TEM and magnetic surveys over high priority areas (totaling 860 km 2 ) and identified over 75 conductors. Commenced checking conductors on the ground. Drilled nine holes totaling 1,551 m in three target areas; made significant multi-element intersections at two areas and encountered anomalous mineralization at the third. Planned for 2013  Drilling to expand 2012 successes and to test new conductors identified by helicopter geophysics.  Surface mapping, prospecting and sampling over selected conductors and throughout the project area to identify additional drill targets.  Mineralogical and petrographic studies of the mineralization and host rocks. Slide 9

10. Slide 10 Introduction  100% interest in a giant property covering 4,983 km 2 of the highly prospective, but underexplored, Maniitsoq Impact structure.  Located on tide water (navigable year- round) on the southwest coast of Greenland, near the village of Maniitsoq.

11. Slide 11 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).

12. Slide 12 World Class Nickel Potential High-grade, multi-element diamond drill intersections over long intervals. e.g. 123.94 m @ 0.81% Ni, 0.21%Cu, 0.03% Co and 0.26 g/t PGM incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co and 0.52 g/t PGM (NAN 2012 DDH: MQ-12-005) Underexplored (previous hole lengths averaged < 55 m) but lots of high-grade historical assays with consistent high sulphide Ni tenor (6-8%). Mafic intrusions hosting the mineralization are contaminated mantle melts and appear to have been part of a long-lived, dynamic magma conduit system triggered by a large impact (possibly the largest yet recognized on Earth). Centred on major, long-lived, deep seated structures that were active from the Archean to the Jurassic (2.8 billion years). New helicopter geophysical technology is proving far more effective than techniques used in the past; over 75 conductive zones identified to date.

13. Slide 13 Regional Geological Setting Located in the Archean (3.8 – 2.55 Ga) North Atlantic craton of southern Greenland. Correlates with Nain province in Labrador. Finne- Fjeld Gneiss NORTH ATLANTIC CRATON MANIITSOQ

14. Slide 14 Regional Setting Maniitsoq Geology Property is centred on a giant, Archean-age (~3.0 Ga) impact site. Possibly the largest yet identified on Earth (Garde et al., 2012*). Davis Strait Maniitsoq Project Maniitsoq Impact MANIITSOQ IMPACT MELT ZONE EXTENT (APPROX.) *Garde A.A., McDonald, I., Dyck, B. & Keulen, N. 2012: Searching for giant, ancient impact structures on Earth: the Mesoarchaean Maniitsoq structure, West Greenland. Earth and Planetary Science Letters 137–138, 197–210.

15. Slide 15 Regional Setting Maniitsoq Geology Post impact events included… Formation of the Finnefjeld Domain at 2992 ± 7 Ma in response to the impact. Intrusion of nickeliferous norites of the Greenland Norite Belt over a time period spanning at least one complete geomagnetic reversal. 3 episodes of lamprophyre intrusion (1800, 1200 and 600 Ma) with the latest involving emplacement of kimberlite. Intrusion of the Qaqarssuk carbonatite complex at 165 Ma. Finnefjeld Domain Qaqarssuk Carbonatite

16. Slide 16 Regional Setting Maniitsoq Geology Finnefjeld Domain Qaqarssuk Carbonatite 14 significant showings. Most are hosted by norite intrusions, which are concentrated in the Greenland Norite Belt (GNB) outlined here by purple dashed lines. All showings were discovered by Kryolitselskabet Øresund A/S (KØ) between 1962 and 1972 through surface prospecting. 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. Ni-Cu Showings

17. Slide 17 Norite Intrusions DISTINCT APPEARANCE Rounded hills covered with brownish-grey, often rusty, coarse gravel. Individual bodies range from <2 m 2 to 8 km 2. Many appear to be emplaced along 060° trending structures. Multi-phase: compositions range from quartz diorite, through norite, to lherzolite. Gabbronorite most common. POST KINEMATIC Massive, little or no foliation except at margins. Contacts often crosscut country rock foliation. COUNTRY ROCK ASSIMILATION Country rock xenoliths with reaction rims. Minimal insitu differentiation (dynamic system).

18. Slide 18 Sulphide Mineralization Mineralization consists of monoclinic pyrrhotite, pyrite, pentlandite and chalcopyrite. Often coarse-grained. Likely to produce a clean concentrate. Inclusion-bearing sulphide (i.e. sulphide breccia) is a common texture and indicates a dynamic system. Pingo Imiak Hill Quagssuk

19. Slide 19 Consistently High Nickel Tenor Sulphides have a relatively consistent nickel tenor of 6 to 8% Ni recalculated to 100% sulphide. Presence of pyrite means there is more S for a given amount of sulphide than in typical magmatic sulphide deposits consisting mainly of pyrrhotite-pentlandite and chalcopyrite. Typical 100% sulphide mixture of Po+Cp+Pn contains 35.7% S Kerr, 2003 After Shore, 2000 (Falconbridge Limited) Nickel wt. % Sulphur wt. % Ni vs. S for Historical GNB Drill Core DRILL CORE

20. Slide 20 Maniitsoq Impact Model Deposition of Ni-Sulphides in a Magma Conduit System Giant impact triggers mantle melting. Hot ultramafic magma flows to surface through a “conduit system” comprised of restricted conduits and larger magma chambers. Country rock is assimilated by the hot magma resulting in sulphur saturation and production of a sulphide liquid. Ni + Cu ± PGE sulphide collects in zones of lower velocity within the conduit system. Continual magma flow upgrades the nickel tenor of sulphide already deposited. Magmatism eventually ceases and conduit system is preserved as noritic rock. Over time, uplift and erosion expose parts of the magma conduit system and some of the Ni+Cu±PGE sulphides. Modified after Maier et al., 2001 SCHEMATIC CROSS SECTION COUNTRY ROCK

21. Slide 21 Previous Exploration Stymied by Lack of Conductive Targets 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 noisy 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.

22. Slide 22 Regional Setting Now Many Targets Thanks to Modern Helicopter Geophysics SkyTEM and VTEM helicopter-borne TEM surveys flown by NAN in 2011 and 2012 have detected over 75 conductive zones (circled in red on the adjacent map). This technology was not available to previous explorers in the belt. NAN has flown the areas outlined in green, which total 860 km 2 and cover a major portion of the GNB. Interpretation of the 2012 data is in progress. To date over 75 conductive zones have been identified (circled in red on map).

23. Slide 23 2012 Drill Program: Confirmation and Discovery IMIAK HILL HOLE MQ-12-001 15.39 to 16.60 m Spotty Hill – 1.00% Ni eq* /123.94 m incl. – 2.12% Ni eq* / 24.20 m Imiak Hill – 1.18% Ni eq* / 26.98 m incl. – 1.60% Ni eq* / 16.64 m 1,551 METERS in 9 HOLES Ni eq = Ni equivalent calculated based on spot prices for Ni, Cu, Co, Pd and Pt on Jan. 27, 2013. *

24. Slide 24 2012 Drill Targets & Significant Assays Fjord

25. Slide 25 Spotty Hill Drilling PURPOSE: To test near vertical, pipe-like VTEM con- ductor located along SW edge of a large exposure of disseminated sulphides hosted in norite. RESULTS: 123.94 m of high grade sulphides in hole MQ-12-005. 119 m of anomalous mineral- ization in MQ-12-009, which was drilled outside the conductor 75 m NW of MQ-12-005. SPOTTY HILL SURFACE PLAN MAP X-SECTION LOOKING NW Surface MQ-12-005 MQ-12-009 12 13 3 4 9 10 11 13 12 5 6 7 8 3 4 1 2 Model Conductor Plates 123.94 m @ 0.81% Ni, 0.21% Cu, 0.03% Co, 0.26g/t PGM* Incl. 24.20 m @ 1.75% Ni, 0.34% Cu, 0.06% Co, 0.52 g/t PGM Incl. 8.20 m @ 2.39% Ni, 0.21% Cu, 0.07% Co, 0.60 g/t PGM X-SECTION LINE 119.00 m @ 0.17% Ni * PGM=Pt+Pd+Au

26. MQ-12-001 MQ-12-002 MQ-12-004 MQ-12-003 Imiak Hill Drilling Slide 26 X-Section Line Long Section Line AXIS OF BHEM CONDUCTORS PURPOSE: To drill conductors associated with mineralization perpendicular to strike. RESULTS: Significant multi-element intersections in holes MQ-12-001 and MQ-12-002. 2012 drill results, combined with bore- hole EM (BHEM) surveys and historical drill information, indicate mineralization strikes N-S, dips vertically to steeply east, plunges south and is open at depth. Historical Intersections 95.4 m 292.0 m SURFACE PLAN MAP

27. Imiak Hill Long Section (Looking West) Slide 27 MQ-12-001 26.98 m @ 0.98% Ni, 0.44% Cu Incl. 16.64 m @ 1.36% Ni, 0.52% Cu and 5.12 m @ 2.20% Ni, 0.55% Cu MQ-12-002 66.08 m @ 0.55% Ni, 0.20% Cu Incl. 5.15 m @ 1.22% Ni, 0.49% Cu and 14.18 m @ 1.33% Ni, 0.38% Cu OPEN Trend (plunge) of mineralization

28. Fossilik II & P-59 Drilling Slide 28 PURPOSE: To test VTEM conductor associated with the Fossilik II gossan and mineralized historical drill holes FoII-1 and 2. Also to test VTEM conductor P-59 located 250 m NW of Fossilik II. RESULTS: Anomalous mineralization intersected 40 m beneath historical Fossilik II drill holes. BHEM data indicates mineralization is not extensive. Conductor P-59 was not intersected. BHEM indicates top of VTEM conductor is deeper than originally interpreted. Deeper drilling may be warranted. Vertical Cross Section (Looking Northeast ) Surface Plan Map P-59 Fossilik II

29. Slide 29 Plans for 2013 Diamond Drilling To follow-up 2012 drilling at Imiak, Spotty and possibly P-59 and to test other VTEM targets throughout the project. VTEM Surveys To cover several showings and intrusions not previously flown. Induced Polarization To map out zones of disseminated sulphide mineralization at Spotty Hill and other showings Field Mapping and Sampling To ground truth and sample VTEM anomalies and zones of disseminated mineralization exposed on surface.

30. Slide 30 Investor Risk Mitigation 100% ownership; district-scale land package (>Sudbury) Public Co management/financing experience Technical team is deep Secure political jurisdiction and no land claims issues Accessible, along year-round pack ice free coast line Historic exploration data is remarkable ($10M plus) Geology Abundance of Ni-Cu occurrences at surface & in drilling High Nickel Tenor – consistent and economic grade Major, long lived structures Large-scale mafic igneous event associated with giant impact New technologies in “old” camp work –75 EM anomalies

31. Slide 31 NORTH AMERICAN NICKEL INC TSX V: NAN FOR MORE INFORMATION PLEASE VISIT www.northamericannickel.com