June 8, 2016

Research #5Nickel-Copper-PGE in Ontario, Canada

Nickel One strikes pay dirt with new drill results

Today, Nickel One Resources Inc. disclosed the assays from the remaining holes from its phase-1 drill program on its 100% owned Tyko Nickel-Copper-PGE Project near Marathan in Ontario, Canada. Today’s drill results from 10 holes are more significant than the first 4 holes assayed in April because high-grade nickel intercepts have been discovered for the first time: 1.03% Ni over 13.4 m; 1.06% Ni over 6.2 m (incl. 4.71% Ni over 0.9 m) and 1.47% Ni over 6.1 m (incl. 2.12% Ni over 3.2 m). However most significantly, the sulphide tenor of the mineralization is stunningly high: Total sulphur analysis indicates tenors in 100% sulphide that average 8.6% Ni, 4.6% Cu, and 3.3 g/t PGE (RJ Zone) and 16.3% Ni, 8.70% Cu, and 12.8 g/t PGE (Tyko Zone). This high tenor of the sulphide suggests a high value flotation concentrate from RJ/Tyko-style mineralization. This indicates that even a disseminated sulphide deposit could potentially be economic and adds further support to the view that the Tyko Project contains a fertile magmatic feeder system. The company’s objective is to delineate this feeder system and ultimately develop a NI43-101-compliant maiden resource estimate.With a current market capitalization of $3 million CAD, Nickel One offers significant upside potential in the foreseeable future as its management has proven in the past with multiple companies to create vast shareholder value by striking pay dirt, which should be repeated with Nickel One.

Company Details

Nickel One Resources Inc.Suite 1110 - 1111 West Georgia StreetVancouver, BC, V6E 4M3 Canada Phone: +1 604 805 3530Email: info@nickeloneinc.comWeb: www.nickeloneinc.comShares Issued & Outstanding: 27,302,596

Canadian Symbol (TSX.V): NNNCurrent Price: $0.10 CAD (June 7, 2016)Market Capitalization: $3 million CAD

German Symbol / WKN: 7N1 / A2AD3E Current Price: €0.065 EUR (June 8, 2016)Market Capitalization: €2 million EUR

Chart Canada (TSX.V)

Chart Germany (Frankfurt)

Research #5 | Nickel One Resources Inc.2

ance Loeber, President and CEO of Nickel One commented today:

“We are extremely encouraged by assays from the recent drilling program on the Tyko Zone that significantly exceed historic results. The Project continues to showcase considerable grade potential. The new results support the magma conduit model, developed by Fladgate Exploration Consulting, and previously tested at the RJ Occurrence. Initial results support this model which potentially links the RJ and Tyko zones (separated by 1.5km) as part of pipe-like feeder system.”

Today’s news includes final results from an additional 1,200 m of drilling in 10 holes out of a total of 1,780 m in 14 holes of the phase-1 drilling program that targeted the RJ and Tyko Zones. A third target, termed the Bruce Lake Anomaly, was also tested which inter-sected ultramafic rocks with anomalous nickel values.

As with the RJ Zone, the Tyko Zone consists primarily of metamorphosed mineralized pyroxenite which has been intruded by later granitoid rocks. The mineralized pyroxenite contains abundant rip-up clasts of other mafic-ultramafic phases indicative of an active feeder-type system (Figures 1 and 2). The mineralization is nickel-rich with an average Ni:Cu ratio of ~2:1 and a Pt:Pd ratio of ~1:1. Sulphides consist of pyrrhotite-pyrite-pentlandite-mil-lerite-chalcopyrite and are typically disseminated to blebby with local patches of net-textured and semi-mas-sive sulphide breccia.

Conclusion

The high-grade drill intercepts in 2 holes returning in excess of 2% and 4% nickel are more than just encouraging for the next phase of drilling as these newly discovered intercepts may see some more precise follow-up drilling potentially increasing grade and/or lengths significantly. With the now completed phase-1 drilling, Nickel One has basically just scratched the surface of a historic showing that is increas-

ingly turning out to be a giant magma chamber and feeder system waiting to get discovered with more precise and deeper follow-up drilling.

The phase-1 drilling program was designed to confirm orientation of mineralization in the channel structures and extend the continuity of mineraliz-ation. This goal has been cleary outper-formed as the phase-1 drilling has extended strikingly not only the lengths of intercepts but as well the grades of historic mineralization.

The assays from these initial 14 holes (see table below) demonstrate that Nickel One is right on track and have made the company a respectable junior actively developing historic show-ings towards viable nickel-copper-PGE deposits close to surface. Rockstone is looking forward to the next phase of drilling and the subsequent resource estimate.

The management of Nickel One has proven several times in the past to have a sixth sense for major discoveries which are subsequently developed towards production decision and taken over by senior mining companies. Vance Loeber was one of the founders of U.S. Silver Corp., now Americas Silver Corp. (TSX: USA; currently the largest primary silver mine in the US; market capitaliza-tion: $115 million CAD) and Sandspring Resources Ltd. (TSX.V: SSP; more than $60 million raised for developing the Toro Paru Gold Deposit to +6 million ounces; market capitalization: $115 million CAD). On top of that, Loeber was one of the founders of Carlisle Goldfields Ltd., which was taken over recently by Alamos Gold Inc. (TSX: AGI). Combined with today’s drill results, Rockstone believes that Nickel One is the next success-story in the very making. Early birds, like Thom Calandra, have positioned themselves early, to hit pay dirt (again).

V

Hole No. Zone From (m)

To (m)

Length (m)

Ni (wt%)

Cu (wt%)

Au (ppm)

Pt(ppm)

Pd (ppm)

Total PGE (ppm)

RJ Zone 3.6 92.5 88.9 0.26 0.14 0.01 0.04 0.04 0.09Sub Zone 7.65 14.26 6.61 0.54 0.27 0.02 0.15 0.09 0.26Sub Zone 19.7 23.7 4 0.51 0.34 0.02 0.06 0.05 0.13Sub Zone 32.5 42.09 9.59 0.62 0.28 0.01 0.07 0.08 0.16Including 37.9 42.09 4.19 0.89 0.35 0.01 0.08 0.09 0.19Including 37.9 39 1.1 1.67 0.56 0.03 0.14 0.16 0.33

Including 37.9 38.5 0.6 2.31 0.88 0.05 0.16 0.22 0.43

RJ Zone 15 100.42 85.42 0.52 0.23 0.01 0.1 0.09 0.21Sub Zone 23.69 26.14 2.45 0.94 0.25 0.01 0.23 0.24 0.49Including 24.85 25.48 0.63 2.05 0.37 0.03 0.58 0.52 1.13Sub Zone 35 37 2 0.53 0.23 0.03 0.15 0.15 0.33Sub Zone 52.75 96.87 44.12 0.79 0.3 0.01 0.12 0.11 0.24Including 58.25 66.5 8.25 1.04 0.54 0.01 0.12 0.12 0.26Including 66 66.5 0.5 2.89 0.45 0.01 0.27 0.35 0.63

And 77.65 93.84 16.19 1.04 0.23 0 0.15 0.12 0.28Including 78.62 90 11.38 1.23 0.26 0 0.18 0.13 0.32

Including 82 83 1 1.97 0.19 0 0.17 0.12 0.29

RJ Zone 2.47 99.26 96.79 0.18 0.11 0 0.02 0.02 0.05Including 2.47 38.2 35.73 0.29 0.17 0.01 0.03 0.04 0.07Including 24.97 25.91 0.94 0.72 0.35 0 0.07 0.14 0.21

Including 30 30.7 0.7 0.82 0.24 0 0.08 0.08 0.16

RJ Zone 92.5 97.1 4.6 0.26 0.13 0 0.02 0.03 0.06

Including 96.4 97.1 0.7 0.77 0.25 0 0.04 0.09 0.13

TK-16-005 RJ Zone 32 35 3 0.11 0.01 0 0.01 0.02 0.03Tyko Zone 22.28 38.14 15.86 0.93 0.5 0.02 0.27 0.39 0.68Including 23.24 36.66 13.42 1.03 0.55 0.03 0.29 0.43 0.75Including 29.38 32 2.62 1.51 0.73 0.03 0.39 0.6 1.02

Tyko Zone 29.5 36.5 7 0.5 0.25 0.01 0.15 0.22 0.38Including 35 36.5 1.5 1.32 0.65 0.02 0.37 0.65 1.05

Tyko Zone 10.8 13.2 2.4 0.56 0.34 0.03 0.27 0.27 0.56Including 10.8 11.9 1.1 0.84 0.35 0.03 0.45 0.46 0.94

TK-16-009 No Significant Assays --- --- --- --- --- --- --- --- ---Tyko Zone (Upper) 7 15 8 0.84 0.39 0.03 0.25 0.31 0.59

Including 13 14 1 2.52 0.9 0.03 0.83 0.77 1.62Tyko Zone (Lower) 49.93 56.15 6.22 1.06 0.35 0.02 0.29 0.34 0.65

Including 52.6 53.47 0.87 4.71 0.82 0.02 1.36 1.17 2.55Tyko Zone 8.75 14.8 6.05 1.47 0.49 0.03 0.23 0.45 0.71Including 11.65 14.8 3.15 2.12 0.48 0.02 0.28 0.64 0.94

TK-16-012 Bruce Lake 31.8 46 14.2 0.14 0.01 0 0.01 0.01 0.02

TK-16-013 No Significant Assays --- --- --- --- --- --- --- --- ---

TK-16-014 No Significant Assays --- --- --- --- --- --- --- --- ---

Reported widths are drilled core lengths, true widths are unknown at this time.

TK-16-007

TK-16-008

TK-10-010

TK-16-011

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Composite Weighted Average Assay Intervals, Tyko Project, Q2/2016 Drilling

TK-16-001

TK-16-002

TK-16-003

TK-16-004

TK-16-006

Research #5 | Nickel One Resources Inc.3

”One would think that those companies brave enough to be developing early stage nickel deposits at this point in the commodity cycle could fill the gap of lost production in coming years. This is of course all subject to a rebound in the nickel price. This rebound could commence as early as next year as the Indonesian laterite ore ban makes itself felt.

Only time will tell.” (Chris Berry in “A Closer Look at Nickel: An Unsustainable Current Reality”, October 2015)

4

Management & Directors

Vance LoeberCEO, President & Director

Loeber is President of Tydewell Consulting Inc. and has +30 years of international busi-ness experience. Loeber has been involved in the financing of early stage through to production level resource companies for +20 years. Loeber was one of the founders of U.S. Silver Corp. (TSX: USA), currently the largest pure silver mine in the US. He was also one of the founders of Sandspring Resources Ltd. (TSX.V: SSP), which raised over $60 million CAD and took the Toro Paru Gold Deposit in British Guyana to +6 million ounces. Loe-ber was also one of the founders of Carlisle Goldfields Ltd., recently bought by Alamos Gold Inc. (TSX: AGI). His extensive network is focused on Europe, Asia and North America, where he matches these investors with the capital requirements of public companies.

Abraham P. Drost (P.Geo.)Chairman & Director

Drost is a registered Professional Geoscien-tist (Ontario). He obtained the B.SC. in Earth Sciences from the University of Waterloo in 1984 and the M.Sc. in Mineral Exploration from Queen’s University in 1987. He has +30 years experience in the Canadian min-ing industry. Until recently, Drost was CEO, President and a Director of Carlisle Gold-fields Ltd. (TSX: CGJ), is currently a Director of Mega Precious Metals Inc. (TSXV: MGP), former CEO of Premier Royalty Inc. (TSX: NSR) which was bought by Sandstorm Gpold Ltd. (TSX: SSL), former President of Sandspring Resources Inc., former President of Sabina Gold and Silver Corp. and a former Director of Tyko Resources Inc., a private Ontario cor-poration and party to the recent transaction.

Scott Jobin-Bevans (Ph.D., PMP, P.Geo.)Director

Jobin-Bevans is a Co-Founder of Caracle Creek International Consulting and was Managing Director from 2001 to 2008 and Director of Corporate Development since April 2011. In 2008, Scott stepped down as MD and to be a co-founder of TSX listed Treasury Metals Inc., where he served as President, CEO & Direc-tor until April 2011. Dr. Jobin-Bevans has +20 years in mineral exploration with public com-pany experience as a director, officer and tech-nical advisor. Scott is a member of the board of directors for a number of public and private companies and holds the volunteer positions

of President and Director of the Prospect-ors and Developers Association of Canada.

Raymond StrafehlDirector

Strafehl has +30 years’ experience in the in-vestment and venture capital finance industry in Canada; and in corporate relations for pub-lic mining companies. He is a registered Com-modity Trading Advisor with the National Fu-tures Association in Canada (since 1998); and founded Venture BC in 1998. He is a co-founder of International Liaison for the International Institute for Sustainable Regional Economies. Strafehl is currently CEO of Redline Resour-ces and has previously served as a director of a number of public companies in Canada.

Roderick W. Johansen Director

Johansen is a lawyer with Johansen Law Firm of Thunder Bay. He practices exclusively in Corporate Commercial matters including transactions and litigation. He holds a Honours Bachelor of Science from Lakehead University and a Law Degree from McGill University. He regularly provides advice to public companies on transactions, financing and other matters.

Robert J. Scott (CA, CFA)CFO & Secretary

Scott is a chartered accountant with +20 years of professional experience in corporate fi-nance, accounting, merchant and commercial banking. He has served in management and on the boards of a number of Canadian com-panies. He is currently CFO of Riverside Re-sources (TSXV: RRI) and Northair Silver (TSXV: INM). Scott is a co-founder and a director of Pan American Hydro Corp., a private company involved in developing small hydro projects in Latin America. Scott earned his CA designation in 1998, his CFA designation in 2002 and has a B.Sc. from the University of British Columbia.

Glenn J. Mullan (P.Geo.)Advisory Board

Mullan holds a B.Sc. (Geology) from Con-cordia University and has +35 years of experi-ence in the mining and exploration industries. Mullan is also the President, CEO, and Chair-man of Golden Valley Mines. As an independ-ent prospector, Mullan has assembled and ac-quired many mining prospects ranging from grass-roots ventures through advanced-stage projects. Glenn also is a member of the Board of the Prospectors and Developers Associ-ation of Canada (PDAC).

Research #5 | Nickel One Resources Inc.

About Nickel One

Nickel One Resources Inc. is a new base metal (copper, nickel) and precious metal (platinum, palladium, gold) exploration and development company evaluating the Tyko Property near Marathon, Ontario, Canada. Nickel One’s objective is to efficiently advance the Tyko Project through exploration and development to a mineral resource. The Company intends to build shareholder value through accretive acquisition of additional promising assets.

For further information contact:

Vance LoeberPhone: 1778-327-5799 ext.315Fax: 778-327-6675Email: info@nickeloneinc.com

Analyst Coverage

Research #4 “Calandra is buying Nickel One as management may hit pay dirt again“ (June 2, 2016)

Research #3 “Nickel One discovers potenti-ally significant nickel deposit near surface in Ontario“ (April 12, 2016)

Research #2 “Early Report on Nickel One: Drill Results Imminent“ (March 22, 2016)

Research #1 “Nickel One starts trading and acquires the Tyklo Nickel-Copper Project near Hemlo in Ontario“ (February 29, 2016)

Chris Berry “A Closer Look at Nickel: An Unsustainable Current Reality” (October 20, 2015)

Vancouver Commodity ForumJune 14, 2016 at Hyatt Regency Hotel in Vancouver

Click Here to Register

Exhibitors:

92 Resources Corp. (TSX.V: NTY; Frankfurt: R9G2)ALX Uranium Corp. (TSX.V: AL; Frankfurt: 6LLN)Arctic Star Exploration Corp. (TSX.V: ADD; Frankfurt: 82A)Aurvista Gold Corp. (TSX.V: AVA; Frankfurt: AVA2)Belmont Resources Inc. (TSX.V: BEA; Frankfurt: L3L1)Canadian Zeolite Corp. (TSX.V: CNZ ; Frankfurt: ZEON)Commerce Resources Corp. (TSX.V: CCE; Frankfurt: D7H)Copper North Mining Corp. (TSX.V: COL; Frankfurt: 79M)Dunnedin Ventures Inc. (TSX.V: DVI; Frankfurt: 5DD)Electra Stone Ltd. (TSX.V: ELT; Frankfurt: 44E1)Equitas Resources Corp. (TSX.V: EQT; Frankfurt: T6UN)Group Ten Metals Inc. (TSX.V: PGE; Frankfurt: 5D31)MGX Minerals Inc. (CSE: XMG; Frankfurt: 1MG)Nevada Clean Magnesium Inc. (TSX.V: NVM; Frankfurt: M1V)Nickel One Resources Inc. (TSX.V: NNN; Frankfurt: 7N1)NRG Metals Inc. (TSX.V: NGZ; Frankfurt: OGPN)Scandium Int. Mining Corp. (TSX.V: SCY; Frankfurt: 0E6)True Leaf Medicine Int. Ltd. (CSE: MJ; Frankfurt: TLA)Umbral Energy Corp. (CSE: UMB; Frankfurt: 2UE)Vatic Ventures Corp. (TSX.V: VCV.H)Voltaic Minerals Corp. (TSX.V: VLT; Frankfurt: 2P61)Zimtu Capital Corp. (TSX.V: ZC; Frankfurt: ZCT1)

Program:

12:00 pm: Exhibitor floor opens

1:00 pm: Welcome from Dave Hodge, President of Zimtu Capital Corp.

1:10 pm: Participant company introductions by Dave Hodge and Sven Olsson

1:30 pm: Joe Martin (Cambridge House International): The difference between exploration and mining, and the importance of Vancouver

1:40 pm: John Kaiser (Kaiser Researcb Online): “Criticality of Supply” and how it effects world prices, demand, and the ability to use that to your advantage in the market place

2:10 pm: BREAK - Networking with refreshments

3:00 pm: Stephan Bogner (Rockstone Research): How European markets impact Canadian markets

3:20 pm: John Hykawy (Stormcrow Capital): Demand & Pricing for lithium, cobalt and other battery materials

3:50 pm: Gerry McCarvill (Aurvista): Hedging the metals mar-kets - How to contain the large down drafts of the last 5 years 4:00 pm: Chris Berry (Disruptive Discoveries Journal): The future of lithium

4:30-6:00 pm: Networking Session with refreshments

6

Disclaimer and Information on Forward Looking Statements:All statements in this report, other than statements of historical fact should be con-sidered forward-looking statements. Much of this report is comprised of statements of projection. Statements in this report that are forward looking include that base and pre-cious metal prices are expected to rebound; that Nickel One Resources Inc. or its part-ner(s) can and will start exploring further; that exploration has or will discover a mine-able deposit; that the company can raise sufficient funds; that any of the mentioned mineralization indications or estimates are valid or economic; that the proposed trans-actions go through. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in these forward-look-ing statements. Risks and uncertainties re-specting mineral exploration and mining companies are generally disclosed in the annual financial or other filing documents of Nickel One Resources Inc. and similar companies as filed with the relevant secur-ities commissions, and should be reviewed by any reader of this report. In addition, with respect to Nickel One Resources Inc., a number of risks relate to any statement of projection or forward statements, including among other risks: closing of the proposed transactions; the receipt of all necessary ap-provals and permits; the ability to conclude a transaction to start or continue explora-tion; uncertainty of future base and precious metal prices, capital expenditures and other costs; financings and additional capital re-quirements for exploration, development, construction, and operating of a mine; the receipt in a timely fashion of further per-mitting for its legislative, political, social or economic developments in the jurisdictions in which Nickel One Resources Inc. carries on business; operating or technical difficulties in connection with mining or development activities; the ability to keep key employees, joint-venture partner(s), and operations fi-nanced. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking in-formation. Rockstone and the author of this report do not undertake any obligation to update any statements made in this report.

Disclosure of Interest and Advisory Cautions: Nothing in this report should be construed as a solicitation to buy or sell any securities men-tioned. Rockstone, its owners and the author of this report are not registered broker-deal-ers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-deal-er. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report is paid by Zimtu Capital Corp., a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment. So while the auth-or of this report is not paid directly by Nickel One Resources Inc., the author’s employer Zimtu will benefit from appreciation of Nickel One Resources Inc.’s stock price. The author, Stephan Bogner, does NOT own shares or other kinds of securities of Nickel One Resour-ces Inc. but may initiate a position. However he owns shares of Zimtu Capital Corp. and will benefit from appreciation of its stock. In this case, Nickel One Resources Inc. does NOT have one or more common directors with Zimtu Capital Corp. Overall, multiple conflicts of interests exist. Therefore, the information provided herewithin should not be construed as a financial analysis but rather as adver-tisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on informa-tion that he has researched independently and has received, which the author assumes to be reliable. The featured company has not reviewed any of this content prior to publica-tion. Rockstone and the author of this report do not guarantee the accuracy, complete-ness, or usefulness of any content of this re-port, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned in the reports will perform as expected, and any compari-sons made to other companies may not be valid or come into effect. Please read the en-tire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this web-site or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have ac-cepted it. The upper part of the cover picture on page 1 (logo) was adapted from this source

Analyst Profile and Contact

Stephan Bogner (Dipl. Kfm. FH)Mining Analyst Rockstone Research 8050 Zurich, Switzerland+41-44-5862323sb@rockstone-research.com

Stephan Bogner studied at the International School of Management (Dortmund, Germany), the European Business School (London)

and the University of Queensland (Brisbane, Australia). Under supervision of Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller („Gold Wars“). After working in Dubai for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain Massif in central Switzerland.

Rockstone is a research house specialized in the analysis and valuation of capital markets and publicly listed companies. The focus is set on exploration, development, and production of resource deposits. Through the publication of general geological basic knowledge, the individual research reports receive a background in order for the reader to be inspired to conduct further due diligence. All research from our house is being made accessible to private and institutional investors free of charge, whereas it is always to be construed as non-binding educational research and is addressed solely to a readership that is knowledgeable about the risks, experienced with stock markets, and acting on one’s own responsibility.

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Research #5 | Nickel One Resources Inc.