SPC Nickel Corp. announced that the Company has filed an independent technical report prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") supporting the previously announced West Graham Mineral Resource Estimate and the adjacent updated MRE for the LKE Deposit ("LKE"). Highlights: LKE: Resource at a 0.9% NiEq1 Cutoff Grade Indicated Resource of 0.67 Mt at 1.17% Ni, 0.54% Cu (1.59% NiEq2) Inferred Resource of 0.12 Mt at 0.99% Ni, 0.42% Cu (1.39% NiEq2) The LKE Resource is strategically located immediately below the existing mining working developed by Falconbridge in the 1990's. Exploration Potential: Significant potential to expand the LKE Resource down-dip over a distance of 1,000 metres.

West Graham: In-Pit Resource at a 0.3% NiEq1 Cutoff Grade (previously released) Indicated Resource of 19.3 Mt at 0.42% Ni, 0.28% Cu (0.57% NiEq2) Inferred Resource of 3.2 Mt at 0.37% Ni, 0.28% Cu (0.53% NiEq2) West Graham: Out-of-Pit Resource at a 0.7% NiEq1 Cutoff Grade (previously released) Indicated Resource of 3.2 Mt at 0.63% Ni, 0.47% Cu (0.92% NiEq2) Inferred Resource of 3.8 Mt at 0.69% Ni, 0.43% Cu (0.97% NiEq2) Discovered in 1968 by Falconbridge, the LKE Resource is located approximately 1,500 metres east of the former Lockerby Mine and 200 metres down-dip of the West Graham Resource.  Mineralization is predominately contact style, with narrow (less than 5 metres thick) high-grade semi-massive to nearly massive breccia sulphide veins anastomosing proximal to the folded granite footwall contact. LKE sulphide mineralization is characterized by a high pentlandite to pyrrhotite ratio with the overall grade, tenor and PGM content of the mineralization increasing with depth.

Historical drilling completed by FNI returned values as high as 5.60% Ni and 1.26% Cu over a core length of 10.0 metres. In 2016, the Company completed a borehole geophysical program on seven historic holes completed by Falconbridge and FNI down-dip of the LKE Resource. The results from the surveys identified a trend of very strong geophysical conductors (2,000-20,000 siemens) over a combined distance of 1,100 metres extending down-dip from the LKE Resource.

Of particular interest, is a 200 metre by 700 metre area with several >10,000 siemen conductors that remain virtually untested by drilling. Historical hole GRA-21DE, drilling by Falconbridge in 1988, encountered a thick zone of Ni-Cu-PGM mineralization include several high-grade massive sulphide stringers with extremely high nickel tenors (9.5% -12.3%) along the fringes of the modelled EM conductors.