Telephone: 604.609.6182 | Facsimile: 604. 899.1240

Nickel North Exploration Corp. NNX | TSX Venture Exchange www.nickelnorthexploration.com [email protected]

NEWS RELEASE Nickel North Announces Debts Settlement

For Immediate Release April 13, 2021

Nickel North Exploration Corp. (TSX Venture: NNX) (the “Company” or “Nickel North”) is pleased to announce that the Company has entered into agreements to settle indebtedness of the Company in the aggregate amount of $304,420.50 (the "Debt") by way of a shares for debt transaction at a price of $0.05 per common share of the Company (a "Share") for a total aggregate of 6,088,410 Shares (the "Debt Settlement")

The Debt Settlement is subject to approval of the TSX Venture Exchange (the "Exchange"). All Shares issued pursuant to the Debt Settlement will be subject to a four month hold period from the date of issue.

The Company negotiated the Debt Settlement with non-arm's length creditors. Pursuant to the Debt Settlement and subject to approval by the Exchange, certain directors and officers of the Company will participate in the Debt Settlement. Accordingly, the Debt Settlement will be considered as a "related party transaction" under Multilateral Instrument 61-101—Protection of Minority Security Holders in Special Transaction ("MI 61-101"). It is anticipated that the Debt Settlement will not result in the creation of a new control person of the Company. The Debt Settlement is exempt from the requirements to obtain a formal valuation pursuant to the exemption in section 5.5(b) of MI 61- 101, as the Company is not listed on a specified market, and is exempt from minority shareholder approval pursuant to section 5.7(1)(a) and (b) of MI 61-101.

About Nickel North Exploration Corp.

Nickel North Exploration is a Canadian based explorer focused on defining a Ni-Cu-PGE resource at our Hawk Ridge Project in Northern Quebec. The board of directors, advisor committee and management team are experienced, successful mine finders. The property consists of a 50 km long belt of magmatic Ni-Cu-PGE occurrences covering over 30,658 hectares. The project is located near tidewater. Quebec is a mining friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen, maintains good relations with Communities and Aboriginal people, and is committed to sustainable development. For more information on the company, please visit www.nickelnorthexploration.com.

On behalf of Nickel North Exploration Corp.

“SIGNED”

Yingting (Tony) Guo, President and CEO

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Statements

All statements, other than statement of historical fact, included herein are forward-looking statements that are subject to risks and uncertainties. Forward-looking statements are often, but not always, identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”,

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“expect”, “likely” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statements in this news release include, among others, statements concerning the Lender’s advance to the Company under the Amendment and the Company’s use of proceeds of the Amendment. Forward-looking statements are subject to business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those contained in the forwardlooking statements. Important factors that could cause actual results to differ materially from the Company’s expectations include fluctuations in commodity prices and currency exchange rates; uncertainties relating to interpretation of drill results and the geology, continuity and grade of mineral deposits; the need for cooperation of government agencies and native groups in the exploration and development of properties and the issuance of required permits; the need to obtain additional financing to develop properties and uncertainty as to the availability and terms of future financing; the possibility of delay in exploration or development programs and uncertainty of meeting anticipated program milestones; and uncertainty as to timely availability of permits and other governmental approvals. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. The Company does not undertake any obligation to update forward-looking statements except as required by applicable securities laws. Investors should not place undue reliance on forward-looking statements.