North American Nickel Inc. (TSX VENTURE:NAN)(OTCBB:WSCRF) (CUSIP: 65704T 108)
(the "Company") is pleased to announced that it has closed its previously
announced non-brokered private placement (See Company news release dated May 8,
2014). Gross proceeds of $9,379,970 were raised through the issue of 28,424,152
common shares pursuant to the private placement. In addition, 50,000 common
shares were issued as a finder's fee in connection with the private placement.


All securities issued pursuant to the private placement are subject to a hold
period and may not be traded until September 30, 2014.


Sentient Executive GP IV, Limited (for the general partner of Sentient Global
Resources Fund IV, L.P.) ("Sentient") subscribed for a total of 11,739,425
common shares in the financing. Sentient, which is an insider and a related
party of the Company, now beneficially owns, or exercises control or direction
over, 69,866,523 common shares (or, approximately 41.2% of the issued and
outstanding common shares) of the Company. 


VMS Ventures Inc. ("VMS") subscribed for a total of 3,787,879 common shares in
the financing. VMS, which is an insider and a related party of the Company, now
beneficially owns, or exercises control or direction over, 37,377,583 common
shares (or, approximately 22.0% of the issued and outstanding common shares) of
the Company. VMS also has warrants entitling it to acquire up to an additional
5,882,352 common shares of the Company.


The proceeds of this financing will be used to fund the Company's 2014
exploration and drill program for its highly prospective Maniitsoq Ni-Cu-Co-PGE
project in southwest Greenland and general working capital purposes.


About North American Nickel 

North American Nickel is a mineral exploration company with 100% owned
properties in Maniitsoq, Greenland, Sudbury, Ontario, and the Thompson, Manitoba
nickel belt. 


The Maniitsoq property in Greenland is a Camp scale project comprising 3,601
square km covering numerous high-grade nickel-copper sulphide occurrences
associated with norite and other mafic-ultramafic intrusions of the Greenland
Norite Belt (GNB). The greater than 75km-long belt is situated along, and near,
the southwest coast of Greenland, which is pack ice free year round. 


The Post Creek/Halcyon property in Sudbury is strategically located adjacent to
the past producing Podolsky copper-nickel-platinum group metal deposit of KGHM
International Ltd. The property lies along the extension of the Whistle Offset
dyke structure. Such geological structures host major Ni-Cu-PGM deposits and
producing mines within the Sudbury Camp. 


Statements about the Company's future expectations and all other statements in
this press release other than historical facts are "forward looking statements"
within the meaning of Section 27A of the Securities Act of 1933, Section 21E of
the Securities Exchange Act of 1934 and as that term defined in the Private
Litigation Reform Act of 1995. The Company intends that such forward-looking
statements be subject to the safe harbours created thereby. Since these
statements involve risks and uncertainties and are subject to change at any
time, the Company's actual results may differ materially from the expected
results. 


ON BEHALF OF THE BOARD OF DIRECTORS

Rick Mark, CEO 

North American Nickel Inc.

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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
North American Nickel Inc.
Evan Sleeman
604-986-2020
Toll free: 1-866-816-0118
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