North American Nickel is a mineral exploration company with 100% owned properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba nickel belt.

The Maniitsoq property in Greenland is district scale project at 4,841 square km. NAN's mineral exploration licence covers numerous high-grade nickel-copper sulphide occurrences associated with norite and other mafic-ultramafic intrusions. The 70km plus long belt is situated along, and near, the southwest coast of Greenland, which is ice free year round.

The Post Creek/Halycon property in Sudbury is strategically located adjacent to the producing Podolsky copper-nickel-platinum group metal deposit of Quadra FNX Mining. 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.

The Bell Lake property in Sudbury is a 256-acre property that covers approximately one kilometre of the Mystery Offset dyke or MOD. The MOD is interpreted to be an extension of the Worthington Offset dyke which hosts the new Totten Mine of Vale and the exciting Victoria Deep deposit of Quadra FNX.

VMS Ventures Inc. (TSX VENTURE:VMS) owns approx. 45% of NAN.

North American Nickel Inc. has arranged a non-brokered private placement of up to 20 million units at a price of 17 cents per unit for total proceeds of $3.4-million with the Sentient Group GP IV, acting on behalf of Sentient Global Resources Fund IV LP.

Each unit will be composed of one common share of the company and one-half of one common share purchase warrant; each full warrant will entitle the purchaser to purchase an additional common share at a price of 21 cents per share for a period of 24 months following the closing of the offering. The net proceeds of the financing will be used to advance the company's projects in Greenland and Canada and to provide additional working capital.

Sentient is an independent private equity firm in the global resources industry.

Shares acquired by the placee, and shares which may be acquired upon the exercise of the share purchase warrants, will be subject to a hold period of four months plus one day from the date of closing of the offering in accordance with applicable securities legislation.

The private placement is subject to the approval of the TSX Venture Exchange