NiCAN Announces Bought Deal Financing

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Summary

The Company is actively exploring two nickel projects, both located in well-established mining jurisdictions in Manitoba, Canada.To receive news releases by e-mail, please register using the NiCAN website at www.nicanltd.comThe information contained herein contains certain "forward-looking information" under applicable securities laws concerning among other things, the Offering, the mineral potential of the property, projected property analogues, future exploration programs and the funding thereof, and the plans of NiCAN Limited. Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are based on a number of assumptions and subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Factors that could cause actual results to vary materially from results anticipated by such forward-looking information includes changes in market conditions, fluctuating metal prices and currency exchange rates, the possibility of project cost overruns or unanticipated costs and expenses and permitting disputes and/or delays. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking information if circumstances or managements estimates or opinions should change except as required by applicable securities laws.

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