Photo: Jean Laforest, Qiqavik Property, Nunavik

Transcription

1 Photo: Jean Laforest, Qiqavik Property, Nunavik Kuujjuaq Mining Workshop April 2016

2 Cautionary Statements Concerning Forward-Looking Statements This presentation contains "forward-looking information" including without limitation statements relating to the outlook for the nickel market, and the nickel price. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of RNC to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. There are no assurances that West Raglan, or any of RNC s other property interests, will be placed into production. Factors that could affect the outcome include, among others: the actual results of exploration activities at West Raglan; inability to raise the funds necessary to advance exploration activities; general business, economic, competitive, political and social uncertainties; future prices of metals; availability of alternative nickel sources or substitutes; actual nickel recovery; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; accidents, labour disputes and other risks of the mining industry; political instability, terrorism, insurrection or war; delays in obtaining governmental approvals, necessary permitting or in the completion of development or construction activities. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to RNC's filings with Canadian securities regulators available on SEDAR at Although RNC has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. Forward-looking statements contained herein are made as of the date of this presentation and RNC disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable securities laws. NI Compliance All technical information in this presentation has been prepared by or under the supervision of Alger St-Jean, P. Geo., Vice President, Exploration of RNC, a Qualified Person as defined in NI Reference is made to the West Raglan report, prepared as an NI compliant technical report, which is available under RNC s profile on SEDAR at and to the press release titled Royal Nickel Discovers New High Grade Ni-Cu-PGE Mineralization at West Raglan published by RNC on September 29, 2015,, as well as to the press release titled True North Nickel Discovers New High Grade Gold Mineralization Adjacent to West Raglan Project at Qiqavik published by RNC on March 2, Information concerning third parties in this presentation is taken from sources that RNC believes to be reliable, but RNC has not verified the information and does not assume responsibility for such third party information. All currency references in U.S. dollars, unless otherwise stated.

3 True North Nickel Properties West Raglan: Nickel High-grade nickel mineralization with significant copper and platinum group metals. Same grades and setting as Raglan Mine. Qiqavik: Gold High-grade gold, copper, silver and, zinc mineralization Our Goal: Advance the West Raglan and Qiqavik Projects to define mineable resources

4 True North Nickel Ownership Structure TSX:RNX 68% 32% Minority Shareholder 100% West Raglan & Qiqavik Projects

5 Who We Are: Mark Selby CEO RNC Director TNN Over 20 years experience in finance and corporate development at various companies, including Quadra Mining and Inco Limited Prior to joining RNC in 2010 as Senior Vice President, Business Development, was Vice President, Business Planning & Market Research, at Quadra Mining Alger St-Jean VP Exploration RNC Director TNN Previously, Senior Geologist at Xstrata Nickel (formerly Falconbridge) Over 20 years experience in the mining industry, primarily focused on nickel Michelle Sciortino Senior Project Geologist TNN Over 8 years exploration experience in the mining industry, primarily focused on nickel Pierre-Philippe Dupont Sustainable Development Manager Over 12 years experience as environmental and community relations specialist

6 Projects Overview

7 Dumont Project (100% Royal Nickel) Large open pit nickel mine development project near Amos in Abitibi region. Principal provincial and federal permits in place. In financing stage. Extensive public consultation process.

8 Sustainable Development At Royal Nickel Corporation, we are committed to developing our mining projects in a responsible and sustainable manner. Our extensive community consultation process for the Dumont Project illustrates this approach. RNC intends to continue this approach throughout the development and operation of all its projects For our Nunavik projects we will be guided by the objectives of the Nunavik Inuit Mining Policy : Establish open dialog and good communications Minimize negative social and environmental impacts Maximize short- and long-term social and economic benefits for Nunavik Inuit

9 CBJNQ Category Lands CBJNQ Category Lands

10 Local Communities Communities involvement during 2015 Exploration Program Representatives from the Northern Village of Akulivik during a 2015 West Raglan site visit. Representative from the Northern Village of Salluit visiting archeological site on West Raglan Property Open dialog with local communities Representatives of Akulivik and Salluit visited the site Working with LHCs for hiring of local work force during summer exploration programs - 20% in % of 2015 TNN expenditures were with Inuit Corporations. Identifying, preserving and notifying communities of archeological sites.

11 Exploration Activities Camp Chukotat Western Shore of Lake Chukotat

12 Exploration Activities Prospecting Geological mapping and sampling Prospecting Qiqavik: 2015

13 Exploration Activities Geophysics Photo credit: Crone Geophysics, Greenland

14 Exploration Activities Drilling Major-Nuvumiut Drilling, West Raglan Property 2015

15 Core Splitting: Camp Chukotat 2015 Exploration Activities Technicians

16 Qiqavik Exploration Goals Exploration/Mining Cycle Reclamation IBA Exploration & Development Mapping and sampling Geophysical Surveys Drilling Technical Studies: Scoping, Pre Feasibility, Feasibility Production: Mining and removing material from the ground

17 West Raglan 2015 Results Prospecting along 29 km of strike length of the North (Raglan) trend has resulted in 3 new high grade mineralization discoveries at surface and the surface extension of high grade mineralization previously identified at the Red Zone. Highlight results from individual grab samples include: CDC Zone, 2.86% Ni, 1.40% Cu, 4.80g/t Pd and 1.17g/t Pt Boomerang Zone, 1.35% Ni, 0.35% Cu, 1.61 g/t Pd, and 0.70g/t Pt Beverly Zone 1.11% Ni, 0.40% Cu, 1.31 g/t Pd and 0.46 g/t Pt Red Zone 1.79% Ni, 1.85% Cu, 2.21 g/t Pd and 0.49g/t Pt.

18 Qiqavik Exploration Potential High grade gold, copper, silver and zinc Ammaluttuq Lake High-grade gold anomalies over 12km strike length Limited drilling. Gold intercepts in historical drill hole: 3.08g/t Au over 10.5m including 5.45g/t Au, 0.59% Zn over 1.01m and 6.79 g/t Au and 0.37% Zn over 3.4m. Western portion on the property has limited exploration (one surface sample grading 5.37 g/t Au) and remains open.

19 Qiqavik Exploration Due to positive preliminary results True North Nickel has expanded the claims

20 Qiqavik Exploration Goals 2016 to 2020 Explore new parts of the property Define drilling targets with detailed ground geophysics Drill targets Establish sufficient mineralization tonnage to support a resource estimate. Begin development studies based on resource. Continue exploration

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