North American Nickel Inc.: Deepest Drill Hole at Imiak Hill Returns High Grade Nickel-Copper-Cobalt Values

North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108)
(the "Company") is pleased to announce that the deepest sulphide intersection to
date at Imiak Hill has returned high-grade nickel-copper-cobalt assays
demonstrating that the mineralization has continuity and remains open at depth.
Imiak Hill is one of three mineralized norites comprising the Imiak Hill Conduit
Complex (IHCC), which also includes the Imiak North and Spotty Hill norites.  


The IHCC is located in the northern part of the Company's 100% owned Maniitsoq
Nickel - Copper - Cobalt and PGM project in southwest Greenland (figures 1 and
2). 


IMIAK HILL 

DDH MQ-13-028: at 182m down the hole:



--  Intersected 24.75m grading: 3.19% nickel, 1.14% copper, 0.11% cobalt,
    and 0.01 g/t PGM 
    --  Including: 17.91m of 3.80% nickel, 1.42% copper, 0.13% cobalt and
        0.01 g/t PGM 
    --  including: 2.40m of 4.44% nickel, 1.13% copper, 0.15% cobalt and
        0.01 g/t PGM



The mineralization in MQ-13-028 corresponds to Zone 30, one of three mineralized
zones so far discovered in the Imiak Hill norite (see NAN news releases dated
August 23, September 5 and October 10, 2013 for details and Figure 3). 


As can be seen from the longitudinal section in Figure 4 and cross section in
Figure 5, the mineralization in MQ-13-028 occurs 35 to 75 meters down plunge
from previous high-grade intersections in holes MQ-13-026 (25.51m grading 3.25%
nickel, 0.48% copper and 0.11% cobalt) and MQ-13-024 (14.90m grading 2.67%
nickel, 0.39% copper and 0.09% cobalt). The Company's 2013 drilling, and
corresponding assay results, confirm that the sulphide mineralization at Imiak
Hill is high-grade, has continuity and remains open at depth. The company is
awaiting further assays from other prospects at Maniitsoq. 


NAN COO, Neil Richardson, states: "Hole 28's high grade core contains similar
values to hole 26 which support our magma conduit model of high grade
nickel-copper-cobalt mineralization at Imiak Hill. We were interested to see the
much higher copper grade in hole 28, reflected in more chalcopyrite in the near
solid sulphide mineralization we reported earlier this fall. At 180 meters
vertically below surface MQ-13-028 is the deepest intersection to date at Imiak.
It has a true width of approximately 11.2 meters, and importantly, remains open
at depth."  


Richardson continues: "The 2014 drill program will focus on expanding the known
mineralized zones and exploring for additional mineralization within the IHCC.
Specifically, we will be looking for geological environments suitable for the
accumulation of large quantities of nickel-copper-cobalt sulphide
mineralization. Our main targets will be the footwall contacts of the norite
bodies, embayments along these contacts and other parts of the conduit system
where the velocity of nickel-rich norite magma may have been locally reduced.
Also, the possibility that mineralization may extend beyond the norite bodies
into the surrounding country rocks will be tested." 


Details of the intersection are given in Table 1, location coordinates for
MQ-13-028 are provided in Table 2 below and a copy of the drill log is available
on the Company's website (www.northamericannickel.com). As can be seen from
Table 1, this intersection includes a 4.44 m long section of unmineralized rock,
which corresponds to a leucogabbro dyke.


To view Tables 1 and 2 please click on the following link:
http://media3.marketwire.com/docs/NANTables-117.pdf. 


As in previous holes drilled at Imiak Hill, the mineralization in MQ-13-028 is
hosted within dark green-grey, massive, weakly magnetic norite with occasional
clasts of coarser grained norite. Drill logs and additional maps are available
on the company's website at http://www.northamericannickel.com/ 


Drill core assay results are evaluated as part of a Quality Assurance and
Quality Control procedure that includes the use of multi-element, certified
standards with known precious and base metal values, blank standards and control
charts to determine accuracy and precision of analytical results. Core sample
analysis was completed by ALS Scandinavia AS of Ojebyn, Sweden. Three methods of
analysis were used to determine element concentrations in the rock samples
submitted to ALS. These were 1. A multi-element scan, subsequent to a four-acid
digestion and ICP/ICP-AES finish; 2. Au, Pt and Pd lead fire assay on a 30 gram
sample with ICP-AES finish; and 3. Samples with greater than 1.00% Ni or Cu were
re-analyzed by ICP-AES calibrated for ore grade detection limits. Samples with
greater than 0.50% S were re-analyzed by Leco furnace and infrared spectroscopy.



The Maniitsoq nickel-copper-cobalt & PGM project in southwest Greenland contains
the 75km-long Greenland Norite Belt (GNB) and is 100% owned by North American
Nickel.


Qualified Person 

All technical information in this release has been reviewed by Dr. Mark Fedikow,
P.Geo, who is the Qualified Person for the Company and President, North American
Nickel Inc.


To view Figures 1-5 please click on the following link:
http://media3.marketwire.com/docs/NANFigures-117.pdf.


About North American Nickel 

North American Nickel is a mineral exploration company with 100% owned
properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba
nickel belt. VMS Ventures Inc. (TSX VENTURE:VMS) owns approximately 23.9% of
NAN. 


The Maniitsoq property in Greenland is a Camp scale project comprising 5,106
square kms covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The greater than 75km-long belt is situated along, and near,
the southwest coast of Greenland, which is pack ice free year round. 


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. 


Statements about the Company's future expectations and all other statements in
this press release other than historical facts are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and as that term defined in the Private
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbours created thereby. Since these
statements involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from the expected
results. 


ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, CEO 

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North American Nickel Inc.
Evan Sleeman
604-986-2020 or Toll free: 1-866-816-0118