Vancouver, British Columbia — July 14, 2025 — CaNickel Mining Limited (“CaNickel” or the “Company”) announces that, effective immediately, directors Shirley Anthony and James Dai have resigned from the Board but will continue to serve as Chief Executive Officer and Chief Financial Officer, respectively. Concurrently, Lu Zhang and Xiaopeng Liu have been appointed as new directors of the Company. 

Mr. Zhang is a steel processing consultant with over 15 years of experience in the Tangshan steel production industry in China. He has an undergraduate degree in Mechanical Engineering from Tangshan University and has extensive knowledge of the entire steel manufacturing process in northern China. 

Mr. Liu is a marketing consultant with over 10 years of experience in the alumina refining industry. He has an undergraduate business degree from Tangshan University and has worked in the Tangshan area since graduation. 

The Company expresses gratitude to Ms. Anthony and Mr. Dai for their board contributions and welcomes Mr. Liu and Mr. Zhang to the board. 

ABOUT CANICKEL 

CaNickel Mining Limited is a Canadian junior mining company that currently owns the Bucko Lake Mine, currently on care and maintenance, near Wabowden, Manitoba. From 2009 to 2012, nearly 450,000 tonnes of mineralized material were mined to produce 6.9 million pounds of nickel before the mine was put on care and maintenance due to low nickel prices. 

Further information is available at www.canickel.com or contact: 

Shirley Anthony 

Chief Executive Officer 

Phone: 778-999-2771 

CaNickel Mining Limited 

Suite 720 – 320 Granville St. 

Vancouver, British Columbia Canada V6C 1S9 

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.