Nican Ltd. · TSXV:NICN
Nican — Investor Presentation (October 2026)
32 slides from Nican's investor presentation, October 2026
Slide 1: Exploring New Gold Discovery, and High Grade Nickel and Copper in Canada
Exploring New Gold Discovery, and High Grade Nickel and Copper in Canada October 2026 TSXv : NICN / OTCQB : NILTF / FRA : W8Y www.nicanltd.com
Slide 2: Disclaimer
Disclaimer This presentation (“Presentation”) of NiCAN Limited (the “Corporation”) is for information only and shall not constitute an offer to buy, sell, issue or subscribe for, or the solicitation of an offer to buy, sell or issue, or subscribe for any securities in any jurisdiction in which such
Slide 3: Cautionary Statements
Cautionary Statements Forward-looking statements This Presentation contains certain “forward-looking information” under applicable securities laws concerning the business, operations and financial performance and condition of the Corporation. Forward-looking information includes, but is not limited
Slide 4: NiCAN Limited
NiCAN Limited Exploring a portfolio of highly prospective projects on known Canadian Mineral Belts Focused on established mining camps with existing infrastructure on geologically significant features Pipy Project (Thompson Manitoba) – Exploration Agreement in place New Near Surface Gold Discove
Slide 5: NiCAN - Underexplored Assets on Known Mineral Belts in Manitoba Canada
NiCAN - Underexplored Assets on Known Mineral Belts in Manitoba Canada www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y 5
Slide 6: Pipy Project – Thompson Manitoba
Pipy Project – Thompson Manitoba • Pipy Properties strategically located in the Thompson area - recently expanded to cover 76.97 km2 • Excellent local infrastructure and all-weather road access • Initial focus on Pipy South, 16km northeast of Thompson. Underlain by Pipe Formation (which hosts Thomps
Slide 7: History and 2025 Near Surface Gold – Discovery Holes
History and 2025 Near Surface Gold – Discovery Holes • Historical drill hole completed in 2017 intersected 47.0m averaging 1.2g/t Au and 5.9gt Ag. Not previously reported. Original hole targeted a magnetic anomaly looking for nickel mineralization. Hole # From To m Au g/t Ag g/t 17BN01 27.0 74.0 47.
Slide 8: Location Plan Horseshoe Gold Zone 2025 and 2026 Drill Holes on a Tilt Derivative
Location Plan Horseshoe Gold Zone 2025 and 2026 Drill Holes on Close-Up View - Drill Holes on a a Tilt Derivative Magnetic Base Tilt Derivative Magnetic Base • 16-hole, 2,395 meter diamond drill program completed in second quarter of 2026 • NiCAN have completed 20 holes , 2,631 meters at the Horsesh
Slide 9: Pipy South Horseshoe Gold Occurrence
Pipy South Horseshoe Gold Occurrence • Company expands land holding for Pipy South to 65.18 km² • All weather gravel road access through the property. A short drive from Thompson, just north of the airport • Historic airborne EM and magnetometer survey – NiCAN has reprocessed data. VTEM survey sched
Slide 10: Pipy Gold – Interpreted Geology – 2025 and 2026 Drilling Results
Pipy Gold – Interpreted Geology – 2025 and 2026 Drilling Results • Drilling has traced the gold zone for 400 metres along strike • The entire host stratigraphy has been folded and can be traced geophysicaly • The gold zone remains open in all directions and is interpreted to extend for 1,700 meters
Slide 11: Interpreted Geology of the Horseshoe Claim Area
Interpreted Geology of the Horseshoe Claim Area Geological Section 6196610 Plan View of the Geology of the Horseshoe Claim Area www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y 11
Slide 12: Horseshoe Gold Target - Plan View of Interpreted Geology
Horseshoe Gold Target - Plan View of Interpreted Geology • The geology of the Horseshoe gold area was interpreted by integrating ground magnetic data, drill data both current and historical, and regional stratigraphy. • A late fault is interpreted to offset the stratigraphy hosting the gold minerali
Slide 13: Historic TDEM Survey Reprocessed; Summer 2026 Exploration
Historic TDEM Survey Reprocessed • Horseshoe Gold area TDEM plate models have been generated from historical geophysical surveys • Many of the 10 plate models (outlined in light grey) correlate to magnetic anomalies and only one has been drill tested to date. Summer 2026 Exploration • A VTEM survey
Slide 14: Pipy South Property Gold Zone - Geology
Pipy South Property Gold Zone - Geology Horseshoe Gold • The geology of the Horseshoe Gold area is very similar to the Occurrence Structure much larger structure located to the southwest. • A large fault block of younger rocks is interpreted to have been thrust into the Ospwagan/Archean sequence, an
Slide 15: NiCAN Land Package and Targets Selected for Exploration
NiCAN Land Package and 15 Targets Selected for Exploration NiCAN currently has 15 target areas selected for further follow up and it is expected that this will be expanded once the soil geochemical and scheduled airborne VTEM surveys work are received and evaluated. Highlights from Horseshoe Gold Zo
Slide 16: Pipy South Nickel Project – Favourable Geology
Pipy South Nickel Project – Favourable Geology 2021 UAV Aeromagnetic Survey of the South Pipy Property • The detailed (50m line spacing) survey clearly defines the Pipe Formation, which hosts the nickel mineralization in the Thompson Nickel Belt. www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA :
Slide 17: Nickel Bearing Massive Sulphides Intersected
Nickel Bearing Massive Sulphides Intersected • Drill hole PIPY25-06 intersected 1.45m of 1.54% Nickel 0.17% Copper and 0.064% Cobalt in massive sulphides at 60m below surface within the Ospwagan Group Pipe Formation. • The prospective magnetic trend that hosts the sulphides can be interpreted to ext
Slide 18: Pipy South Nickel Project – Surface Geophysics – TDEM Conductive Plates
Pipy South Nickel Project – Surface Geophysics – TDEM Conductive Plates • A surface geophysical survey on strike • The four conductive • The four conductive plates are viewed with the nickel massive sulphides in plates are part of 5- in 3D here illustrating that most of the hole Pipy25-06 modelled f
Slide 19: Pipy Properties – Plan
Pipy Properties – Plan Completed Underway Next 6 Months Acquired a large land package • Designing for follow up phase of • Maintain positive engagement with adjacent to the Thompson drilling on both the New Gold local Indigenous stakeholders Nickel mines Discovery and Nickel-Bearing • Design and i
Slide 20: Wine Property – Snow Lake Manitoba
Wine Property – Snow Lake Manitoba Rail VMS Deposit (Hudbay) • 50km southwest of Snow Lake near former producing Reed Lake 5km Mine (Hudbay), Spruce Point Mine and Rail Deposit (Hudbay) • Initially explored in the 1950s for copper/zinc deposits • First nickel mineralization intersected on the Wine P
Slide 21: Wine Property – Drilling Success
Wine Property – Drilling Success Focused on expanding High Grade Nickel and Copper intersections at the Wine Occurrence: • NiCAN’s 2024 drilling returned 45.45m of 1.32% Ni, 1.20% Cu, (1.55% NiEq), 0.06% Co, 0.59g/t PGMs • NiCAN’s 2023 drilling returned 31.5m of 1.93% Ni, 1.90% Cu (2.32% NiEq), 0.07
Slide 22: Wine Property – Summary of NiCAN’s Exploration to Date
Wine Property – Summary of NiCAN’s Exploration to Date Phase I Exploration Program 2021/22 • Ground and borehole TDEM Surveys, VTEM Survey, UAV MAG survey • Phase I Diamond Drilling completed 1,692m • Confirmed and expanded high-grade Nickel/Copper Mineralization at the Wine Occurrence and drill tes
Slide 23: Wine Property – Geology
Wine Property – Geology Little Swan Lake Pluton • A geological interpretation of aeromagnetic data has indicated that the 0 5km Little Swan Lake Pluton had a significant influence on the regional Wine folding and compression of the Wine Gabbro and surrounding rocks, Gabbro which hosts the Wine Ni-Cu
Slide 24: Aeromagnetic Image 1st VD
Aeromagnetic Image 1st VD • Interpreted Post Mineralization Folding of the Wine Gabbro Sill • Compression of the volcanic/gabbro sequence from the north by the Little Swan Lake Pluton • Wine Gabbro Sill traced over 8+km www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y 24
Slide 25: Wine Copper-Nickel Project - Wine Occurrence Exploration Targets
Wine Copper-Nickel Project - Wine Occurrence Exploration Targets • Drill test the Main Zone at depth to the south and determine if it sub-crops to the north. Two holes planned to test the down plunge extent of mineralization. • Determine the surface extent of the Upper Zone and drill test down dip a
Slide 26: Wine Copper-Nickel Project Exploration Targets and Objectives
Wine Copper-Nickel Project Exploration Targets and Objectives Historic Drill Holes Two Target Areas: • Wine Occurrence Priority Drill Targets • Broader Wine Gabbro New Targets Wine Occurrence Current Objectives: • To better drill define • Orientation and plunge of the Main Zone to the south • Extent
Slide 27: Wine Project Analogy - Lynn Lake Nickel Deposits
Wine Project Analogy - Lynn Lake Nickel Deposits • Lynn Lake, 240km north of the Wine Property hosts the Farley Lynn Lake – Historical Production 22.2 Mt @ 1.02% Ni, 0.54% Cu Mine, which mined 22.2Mt grading 1.02% Ni and 0.54% Cu* from 1953 to 1976. • Multiple pods of mineralization 500m were mined
Slide 28: Wine Project – Executing on Plan
Wine Project – Executing on Plan Completed Underway Next 6 Months Acquired and expanded land • Incorporate downhole and • Identify new areas of copper- package ground geophysics and surface nickel mineralization Compiled and corrected geochemistry into geologic model • Test southern extension of
Slide 29: NiCAN - Capital Ownership
NiCAN - Capital Ownership 16% Backed by Experienced Investors Including Strategic Investment by Michael Gentile Retail/HNW Institutional 50% 19% Strategic Insiders Management Aligned ~16% Insider Ownership 15% Shares Out 141,114,902 Options $0.25 13-Dec-26 2,500,000 141.1 Million Shares Outstanding
Slide 30: NiCAN Board of Directors - Leadership
NiCAN Board of Directors - Leadership Mike Hoffman, P.Eng., ICD.D | Chairman Brad Humphrey | Chief Executive Officer & Director Mr. Hoffman is a mining executive with over 40yrs of experience including engineering, mine operations, 30yrs of international mining experience. Prior to joining NiCAN, Mr
Slide 31: NiCAN is focused on Strategically Located Critical Metals
NiCAN is focused on Strategically Located Critical Metals - positioning for the global transition to electrification and decarbonization Nickel is a key component in Electric Battery Cathode Composition - two common Li-ion Vehicles and Energy Storage battery chemistries Nickel holds an important
Slide 32: Thank You
Thank You A Canadian Gold, Nickel & Copper Explorer info@nicanltd.com www.nicanltd.com TSXv : NICN / OTCQB : NILTF / FRA : W8Y