News Release

 January 21, 2016
CaNickel to Delist from Toronto Stock Exchange and Transfer Listing to TSX Venture Exchange

 Vancouver, British Columbia – January 21st, 2016 – CaNickel Mining Limited ("CaNickel" or the "Company"), announces that it has voluntarily applied to de-list from the Toronto Stock Exchange (the "TSX") and transfer its listing to the TSX Venture Exchange ("TSXV"). The TSX delist application was made consequent on the Company's view that it would be unable to continue to meet certain minimum financial listing requirements of the TSX. The Company has received conditional approval from the TSXV for the listing transfer which is expected to be effective at the opening of trading on February 5, 2016.

The transfer of the listing will provide continued trading liquidity for shareholders on a recognized trading platform and result in lower listing costs for the Company. The Company will continue to trade under the symbol "CML" and no action is required by shareholders.

ABOUT CANICKEL

CaNickel Mining Limited, (TSX: CML) is a Canadian junior mining company that the Bucko Lake Nickel Mine, currently on care and maintenance, near Wabowden, Manitoba. The Company also holds nickel, copper and Platinum Group Mineral (PGM) projects in the Thompson Nickel Belt.

Further information is available on the Company's website at www.canickel.com or contact:

Kevin Zhu
Director and CEO
CaNickel Mining Limited

P.O. Box 35 1655-999 West Hastings Street
Vancouver, British Columbia Canada V6C 2W2
Tel: 778-372-1806 Fax: 604-254-8863

No regulatory authority has approved or disapproved of the information contained in this news release.
 
 

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CANICKEL MINING LIMITED. P.O. Box 35 1655-999 West Hastings Street, Vancouver, British Columbia, Canada V6C 2W2 P: 778-372-1806 F: 604-254-8863 E: