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Victory Nickel Inc.

Annual  & Special Meeting of 

ShareholdersJune 27, 2013

Building Canada’s Next 

Nickel Producer

Questions?    sean.stokes@rogers.blackberry.net

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Some of the statements contained in the following material may be "forward‐looking statements." All statements, other than statements ofhistorical fact, that address activities, events or developments that Victory Nickel believes, expects or anticipates will or may occur in the futureare forward‐looking statements. Forward‐looking statements are often, but not always, identified by the use of words such as "seek,""anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should,""could," or "might" occur or be achieved and other similar expressions. These forward‐looking statements reflect the current expectations orbeliefs of Victory Nickel based on information currently available to Victory Nickel. Forward‐looking statements are subject to a number of risksand uncertainties that may cause the actual results of Victory Nickel to differ materially from those discussed in the forward‐looking statements,and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to,or effects on Victory Nickel. Factors that could cause actual results or events to differ materially from current expectations include, among otherthings, failure to successfully complete intended financings, capital and other costs varying significantly from estimates, production rates varyingfrom estimates, changes in world copper and/or gold markets, changes in equity markets, uncertainties relating to the availability and costs offinancing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of futuredevelopment initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtainnecessary permits and approvals from government authorities, and other development and operating risks. Any forward‐looking statementspeaks only as of the date on which it is made and, except as may be required by applicable securities laws, Victory Nickel disclaims any intent orobligation to update any forward‐looking statement, whether as a result of new information, future events or results or otherwise. AlthoughVictory Nickel believes that the assumptions inherent in the forward‐looking statements are reasonable, forward‐looking statements are notguarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.

Victory Nickel resources are as follows: Minago: Measured: 11.1 million tonnes grading 0.56% Ni, Indicated: 43.1 million tonnes grading 0.51%Ni, Inferred: 14.6 million tonnes grading 0.53% Ni; Lynn Lake: Measured: 1.0 million tonnes grading 0.76% Ni, Indicated: 21.9 million tonnesgrading 0.56% Ni, Inferred: 8.1 million tonnes grading 0.51% Ni; Mel: Indicated: 4.3 million tonnes grading 0.88% Ni, Inferred: 1.0 million tonnesgrading 0.84% Ni; Lac Rocher: 0.29 million tonnes grading 1.23% Ni, Indicated: 0.51 million tonnes grading 1.05% Ni, inferred: 0.44 million tonnesgrading 0.65% Ni.

The mineral resources were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM), CIM Standards on MineralResources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIMCouncil December 11, 2005.

Disclaimer

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Achievements 2012/2013

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Victory NickelObjectives

1. To create a non‐dilutive structure to fund development of Minago

2. To prove the value of the Minago frac sand resource by establishing Victory Nickel in the frac sand business immediately

3. To use the resulting cash flows to support financing the development costs at Minago

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Victory Nickel Inc.

Ken Murdock, CEO Victory Silica 

Ltd.

Victory Silica Ltd. The Right Product in the Right Place at the Right Time

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Victory SilicaObjectives

• To become the preferred supplier of a full suite of import and domestic frac sand products to the Canadian market.

• To establish Victory Nickel as a premier frac sand supplier prior to beginning production from the 100%‐owned Minago nickel project in northern Manitoba.

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Frac Sand MarketBooming in North America

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Victory Silica Ltd.Strategy

• Wash, concentrate at source to allow use of open top rail cars• Ship to existing frac sand facility in Canada• Dry and screen sand in Canada• Eliminate cost to end users in movement, trans‐loading and 

storage

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Establish presence in frac sand marketplace and develop a customer base prior to Minago coming on stream

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Business PlanPhased Approach ‐Overview

Phase 1: Processing infrastructure in Medicine Hat, Alta. (Seven Persons)Phase 2: Wisconsin mine – adds security of supplyPhase 3: Access to Winnipeg site with superior logistics

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Fully‐functioning sand plant on 22.4 acres Both wet and dry processing plants on site 30,000 tons of frac sand storage capacity Upgrade dry plant capacity to 400,000 TPA by: Install screen plant on dryer Upgrade building storage Upgrade silo storage

Phase 1Seven Persons

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Phase 1 Existing Seven Persons Facility

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Phases 1‐3Total Production and Capital Requirement

Phase Production (tons)

Capex(US$)

Working Capital (US$)

Phase 1 400,000 $3,495,000 $4,262,116

Phase 2Total: Seven Persons 400,000

$4,372,000$7,867,000 $ 4,262,116

Phase 3: Winnipeg Facility(18‐month construction period)

1,040,000 $26,105,000 $15,313,000

Total 1,440,000 $ 33,972,000 $19,575,116

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Superior‐quality Wisconsin sand for northern markets

Highest‐quality Canadian sand from Minago

Plants located within trucking distance of wellheads

Significant storage capacity Seasoned Alberta operations 

team Long‐term viability due to vast 

Minago frac sand resource13

Victory SilicaCompetitive Advantages

Providing the right product in the right place at the right time

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Victory Silica Potential Timeline to Cash Flow

Initiate first customer shipment:Three months from AER Approval

Complete necessary upgrades –Seven Persons facility

Buy new equipment for Seven Persons facility 

Complete purchase of Seven Persons facilityon Receipt of approval of the Restoration Plan by AER

Three Months

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Victory Nickel Inc.

René GalipeauVice‐Chairman & 

CEO

Building Canada’s Next 

Nickel Producer

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$US

EmergeEnergyServices(forecast)

Hi‐Crush 1stQuarter 2013

(annualized)

US Silica1st Quarter 

2013(annualized)

Victory Silica /Victory Nickel

Phase 1,2 Phase 3 Phase 1,2,3

Cash raised on IPO $140M $225M $200M $7.9M $26.1M $34.0M

Tons Sold 1,222,400 1,250,920 3,682,276 400,000 1,040,000 1,440,000

Earnings $31.0M $43.2M $69.2M

Margin/Ton $31.85 $45.74 $39.32 $39.14* $39.14* $39.14*

Market Cap@06/13 $475M $622M $1.2B $16M $16M $16M

Earnings Multiple 15.31 14.27 16.65 15.41* 15.41* 15.41*

Implied Market Cap@ $25/ton margin@ known industry average margin ($39.14)

$154M$241M

$400M$627M

$554M$869M

Implied Price/Share Based on Post Rights Offering Shares@ $25/ton margin@ known industry average margin ($39.14)

* Average of Emerge, Hi‐Crush and US Silica

$0.28$0.44

$0.73$1.14

$1.01$1.58

Victory Silica Recent Market Developments

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Victory Nickel Inc.

Annual  & Special Meeting of 

ShareholdersJune 27, 2013

Building Canada’s Next 

Nickel Producer

Questions?    sean.stokes@rogers.blackberry.net