Cumberland Resources Nickel Corp. announced that the Company is positioning itself to be a significant player in the severely undersupplied graphite market, a critical component in batteries for electric vehicle and rapidly growing residential and industrial uses. Cumberland is tapping into the market demand for graphite by securing a 100% interest in the Indigo Graphite Property (the Indigo Claims or Indigo).

The Indigo Claims provide the Company with the opportunity to expeditiously replicate the exploration and development success that has allowed Nouveau Monde to bring its Matawinie graphite deposit to near- production. The two projects are less than 53 km apart. Further, Nouveau Monde has stated that the Matawinie graphite deposit will be in production less than nine years after the initial roots exploration program on the property a formula which Cumberland hopes to replicate.

Cumberland aims to replicate Nouveau Mondes success at Matawinie stems from comparing the historic information of the two projects. The April 2015 report describes several geographically separate claims blocks, VTEM survey results, and rock and trench sampling results. The block designated as Block I in Nouveau Mondes 2015 technical report has (with modified geographic boundaries caused by the recent staker and owner, Glenn Griesbach, P.Geo, as the Indigo Graphite Property.

The similarities in geophysics and assay results described in Nouveau Mondes April 2015 Technical Report suggest that graphite mineralization on the Indigo Property could reflect a similar geological structure as that of the proposed Matawinie open pit mine. The outline of Nouveau Mondes proposed open pit is superimposed on the Block I (now Indigo) geophysics map above by the Company for illustrative purposes only. The Indigo Graphite Claims are comprised of 32 claims or 1,892.5 hectares in the Saint-Michel- des-Saints municipality, Quebec.