Vancouver, British Columbia--(Newsfile Corp. - February 16, 2021) - North American Nickel Inc. (TSXV: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) (the " Company " or " NAN ") is pleased to announce that Premium Nickel Resources (" PNR ") has been selected as the preferred bidder for the Botswana nickel-copper-cobalt (Ni-Cu-Co) assets, currently in liquidation, and formerly operated by BCL Limited. NAN is a founding shareholder in Premium Nickel Resources, a private Canadian company which provides direct exposure to Ni-Cu-Co opportunities in the southern African region. PNR submitted an Indicative Offer (" IO ") to the BCL Liquidator in June 2020 to acquire the former producing Selebi-Phikwe, Tati Phoenix and Selkirk Mines as well as regional exploration joint ventures on highly prospective Ni-Cu-Co projects located in Botswana.