VANCOUVER, BRITISH COLUMBIA–(Marketwired – Oct. 2, 2013) - North American Nickel Inc. (TSX VENTURE:NAN) (OTCBB:WSCRF) (CUSIP: 65704T 108) (the “Company”) is pleased to announce that The Sentient Group (“Sentient”) has exercised 18,276,199 common share purchase warrants (the “NAN Warrants”) of North American Nickel Inc. (“NAN”) at a price of CAD$0.21 per unit for aggregate gross proceeds of up to CAD $3,838,001.79 representing approximately 14.96% of the outstanding common shares of NAN (the “NAN Shares”).

Taking into account the exercise of the NAN Warrants, Sentient now owns over 54,828,598 NAN Shares, representing approximately 39.04% of the 140,456,084 issued NAN Shares.

The issued and outstanding common shares of NAN is 148,464,084. Following this transaction, NAN will have an updated cash position of $7.5 million.

Rick Mark, CEO of North American Nickel states: “We are very pleased that our strategic partner, The Sentient Group, has chosen to exercise all of their warrants today. Their commitment to the Company and to our 100% owned Maniitsoq Ni-Cu-Co-PGM Project in Southwest Greenland is clear. They are engaged with management regularly and bring their experience and world view to bear in the planning and execution at Maniitsoq.”

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

North American Nickel Inc.