Sentient IV acquires securities of North American Nickel Inc.

/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES AND NOT FOR DISSEMINATION IN THE UNITED STATES/

MONTREAL, April 22, 2013 /CNW Telbec/ - Sentient Executive GP IV, Limited ("Sentient IV") announces that, in connection with a private placement with North American Nickel Inc. ("NAN"), it has acquired control over 10,294,412 units (the "Units") of NAN on April 22, 2013.

Each Unit is comprised of one common share in the capital of NAN (a "NAN Share") and one half common share purchase warrant of NAN (each whole common share purchase warrant, a "NAN Warrant").  Each NAN Warrant entitles the holder thereof to acquire a NAN Share at a price of $0.21 per share until April 22, 2015.  As such, Sentient IV acquired control over 10,294,412 NAN Shares and 5,147,206 NAN Warrants.

Sentient IV has control over 30,294,412 NAN Shares (representing approximately 28.34% of the outstanding NAN Shares) and the right to acquire 15,147,206 NAN Shares through 15,147,206 common share purchase warrants issued by NAN.  In the event all of the through 15,147,206 common share purchase warrants issued by NAN are fully exercised, Sentient IV would acquire control over a maximum of 45,441,618 NAN Shares (including the 30,294,412 NAN Shares over which Sentient IV currently has control). These combined holdings would represent approximately 37.24% of the outstanding NAN Shares, calculated on a partially diluted basis assuming the full exercise of the 15,147,206 common share purchase warrants issued by NAN held by Sentient IV only.

Sentient IV acquired the Units for investment purposes only and not with a view to materially affecting control of NAN.

SOURCE: SENTIENT EXECUTIVE GP IV, LIMITED

For further information or to obtain a copy of the Early Warning Report filed by Sentient IV, please contact Sue Bjuro at [phone].