North American Nickel NAN.V/ WSCRF.OTC Exploring the Earth's Oldest Nickelferous Crater

North American Nickel Commences Drilling of Nickel-Copper Targets at its Maniitsoq Ni-Cu-PGE Project, Southwest Greenland

Vancouver, B.C. – August 29, 2012. North American Nickel Inc. (TSX VENTURE: NAN) (OTCBB: WSCRF) (CUSIP: 65704T 108) North American Nickel ("NAN") is pleased to announce that diamond drilling of select priority targets has commenced on its 100% owned Maniitsoq project. The drilling follows on the heels of a field examination program, which included ground proofing geophysical conductive zones, identified from helicopter-borne time domain EM surveys completed by NAN in 2011 and 2012. The drill program now underway is planned to include a minimum of 10 holes totalling 2,000 meters of drilling.

A total of 75 conductive zones have been identified by two EM airborne geophysical surveys completed over the past two years on the property. From the 75 anomalies of interest and subsequent to 3D modeling and field examination, a select number of targets have been chosen for drilling which is now underway.

President Dr. Mark Fedikow states; ”Our technical team has done an excellent job of evaluation and compilation of historical work on the property, designing and commissioning our two airborne geophysical programs, helicopter-supported field work and integration of all datasets leading up to the drilling. We have identified numerous high potential drill targets for follow-up with our first drilling program..”