West Raglan Technical Report Northern Québec, Canada Respectfully submitted to: True North Nickel Inc. and Royal Nickel Corporation Effective Date: June 30th 2014 Prepared By: Guy Desharnais Ph.D., P.Geo Dennis Arne Ph.D., P.Geo Craig Bow Ph.D., P.Geo West Raglan Technical Report – Northern Quebec, Canada Page iii I, Craig S. Bow, of 9011 Cascade Ave, Beulah, Colorado, do hereby certify that: I am an Independent Consulting Geologist, at the above address. This certificate regards the technical report entitled West Raglan Technical Report, Northern Québec, Canada, with an effective date of June 30, 2014 (the “Technical Report”). I graduated from the Washington and Lee University in 1971 with a B.S. degree in Geology, and from the University of Oregon in 1979 with a Ph.D. in Geology. I am a Certified Professional Geologist # 08250 of the American Institute of Professional Geologists. I am a Fellow of the Society of Economic Geologists. th I conducted exploration and geologic mapping on the West Raglan Project between August 9 and 27th, 2013. I have practiced my profession continuously since 1979, and have wide-ranging experience in greenfields exploration, prospect evaluation, advanced project development, and exploration management. In the latter capacity I served as Exploration Manager, South America for Newcrest Mining, and as Exploration Manager, North America for Gold Fields. I am the author of several publications on subjects relating to the metals exploration industry. I have read the definition of “qualified person” set out in National Instrument 43-101 (“NI 43- 101”) and certify that by reason of my education, affiliation with a professional association (as defined in NI 43-101) and past relevant work experience, I fulfill the requirements to be a “qualified person” for the purposes of NI 43-101. I am the author of sections 4, 5, 6, 9, 10, 18, and 20, and the relevant parts of section 26, of the Technical Report. I am not aware of any material fact or material change with respect to the subject matter of the Technical Report that is not reflected in the Technical Report, the omission to disclose which makes the Technical Report misleading. I am independent of True North Nickel Inc and Royal Nickel Corporation and any of their subsidiary companies applying all of the tests in section 1.5 of National Instrument 43-101. I have read National Instrument 43-101 and Form 43-101F1, and the Technical Report has been prepared in compliance with that Instrument and Form. As of the effective date of the Technical Report, to the best of my knowledge, information, and belief, the parts of the Technical Report that I am responsible for contain all scientific and technical information that is required to be disclosed to make the report not misleading. Dated this 28th day of July, 2014 “Craig S. Bow” CPG SGS Canada Inc. West Raglan Technical Report - Northern Quebec, Canada Page iv I, Dennis Arne, of Vancouver, British Columbia, do hereby certify that: a) I currently work as a geoscientist for CSA Global Canada Geoscience Ltd - with an office located at Suite 610, 1 155 West Render Street, Vancouver, British Columbia, V6E 2P4; b) This certificate regards the technical report entitled "West Raglan Technical Report, Northern Quebec, Canada" with an effective date of June 30th, 2014 (the "Technical Report"); c) I have a B.Sc. honours degree in geology from the University of Regina, a M.Sc. in geology from Lakehead University, a Ph.D. in earth sciences from The University of Melbourne, Australia and a graduate diploma in Hydrogeology and Groundwater Management from the University of Technology - Sydney, Australia. I have worked in mineral exploration and geochemistry for more than 10 years, including several massive sulphide Ni-Cu-PGE exploration programs. I am a registered member of the Association of Professional Engineers and Geoscientists of British Columbia (#34686), the Association of Professional Geoscientists of Ontario (#2344) and a Professional Geoscientist with the Australian Institute of Geoscientists. I am a "Qualified Person" for the purposes of National Instrument 43-101 (the "Instrument"); d) I visited the West Raglan property between July 26th to August 5th, 2012; e) I am responsible for sections 1 1 and 12 of the Technical Report; f) I am independent of True North Nickel Inc. and Royal Nickel Corporation as described in section 1 .5 of the Instrument; g) I have had no prior involvement with the property that is the subject of the Technical Report; h) I have read the Instrument and the sections of the Technical Report that I am responsible for, which have been prepared in compliance with the Instrument; and i) As of the effective date of the Technical Report, to the best of my knowledge, information, and belief, the parts of the Technical Report that I am responsible for, contains all scientific and technical information that is required to be disclosed to make the Technical Report not misleading. r Signed, sealed<attf ffite^this 28th day of July, 2014 at Vancouver, British Columbia. _fF_ °r. D. C. ARNE # 34S86 "Dennis A? Ph.D., P.Geo^ft§fii5fl&6onsultant - Geochemistry CSA Global Canada Geosciences Ltd. SGS Canada Inc. SGS West Raglan Technical Report – Northern Quebec, Canada Page v Table of Contents 1 Summary .............................................................................................................................. 1 1.1 The Property .................................................................................................................. 1 1.2 Exploration and Drilling Activity ...................................................................................... 3 1.3 Geology.......................................................................................................................... 4 1.4 Conclusions ................................................................................................................... 4 1.5 Recommendations ......................................................................................................... 4 2 Introduction ........................................................................................................................... 6 2.1 General .......................................................................................................................... 6 2.2 Terms of Reference ....................................................................................................... 6 2.3 Currency, Units, abbreviations and Definitions ............................................................... 7 2.4 Disclaimer ...................................................................................................................... 7 3 Reliance on Other Experts .................................................................................................... 8 4 Property Description and Location ........................................................................................ 8 4.1 Location ......................................................................................................................... 8 4.2 Claim Status and Title ....................................................................................................... 8 4.2 Permits and Environmental Liabilities ........................................................................... 10 5 Accessibility, Climate, Local Resources, Infrastructure and Physiography .......................... 11 5.1 Physiography ............................................................................................................... 11 5.2 Accessibility ................................................................................................................. 11 5.3 Climate ......................................................................................................................... 12 5.4 Surface Rights.............................................................................................................. 12 6 History ................................................................................................................................ 14 6.1 Early History ................................................................................................................. 14 6.2 Recent History.............................................................................................................. 15 7 Geological Setting and Mineralization ................................................................................. 17 7.1 Regional Geology ......................................................................................................... 17 7.2 Property Geology ......................................................................................................... 19 7.3 Nickel Mineralization in the Frontier Zone ..................................................................... 21 7.4 Nickel Mineralization in the Cape Smith Belt ................................................................ 24 8 Deposit Types .................................................................................................................... 30 8.1 Ni-Deposits General ..................................................................................................... 30 SGS Canada Inc. West Raglan Technical Report – Northern Quebec, Canada Page vi 8.2 Sulphide Ni Deposits .................................................................................................... 30 9 Exploration ........................................................................................................................