Nickel North Announces $3 Million Non-Brokered Private Placement
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
AC/14326393.1
January 30, 2026 Trading Symbol: "NNX: TSX.V"
NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES
NEWS RELEASE
NICKEL NORTH ANNOUNCES $3 MILLION
NON-BROKERED PRIVATE PLACEMENT
Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company" or "Nickel North") is
pleased to announce a non -brokered private placement (the " Private Placement") offering of up to
60,000,000 Units (the " Units") at $0.05 per Unit for gross proceeds of up to $ 3,000,000. Each Unit
will comprise one common share and one half of a warrant. A whole warrant (each a “Warrant”) will
entitle the holder thereof to purchase one additional common share of the Company at $0.08 per
share for a period of two years following closing of the Private Placement.
The Private Placement is subject to regulatory approval. All securities to be issued pursuant to the
Private Placement are subject to a four-month hold period under applicable Canadian securities laws.
All funds are denominated in Canadian dollars. A finde r's fee commensurate with regulatory policies
may be paid if applicable. No more than 10% of the proceeds of any financing will be used for Investor
Relations Activities.
Proceeds from the Private Placement will be used for field exploration programs on the Hawk Ridge
Ni-Cu-PGE-Co project, general working capital and potential acquisitions of new assets.
Neither the Exchange nor its Regulations Services Provider (as that term is defined in the policies of
the Exchange) accepts responsibility for the adequacy or accuracy of this press release.
An insider has participated in the Private Placement. This constitutes a "related party transaction" as
defined under Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special
Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal validation
and minority approval requirements of sections 5.5(a) and 5.7(1)(a) of MI 61 -101 in respect of such
insider participation based on a determination that the fair market value of the par ticipation in the
Offering by the insider does not exceed 25% of the market capit alization of the Company, as
determined in accordance with MI 61-101.
This Private Placement is subject to customary closing conditions and approvals of applicable
securities regulatory authorities, including the TSX Venture Exchange.
About Nickel North Exploration
Nickel North Exploration is a Canada-based exploration company focused on defining a Cu-Ni-Co-PGE
mineral resource at its Hawk Ridge Project in Northern Quebec. The board of directors, advisor
committee and management team are experienced, successful mine finders. The property consists of
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
AC/14326393.1
a 50 km long belt of strong magmatic Cu -Ni-Co-PGE occurrences covering 179.67 km2. Quebec is a
mining-friendly jurisdiction. Nickel North Exploration is a conscientious corporate citizen maintains
good relations with local Inuit communities and is committe d to sustainable development. For more
information on the company, please visit www.nnexploration.com or follow Company on Twitter at
https://twitter.com/nickelnorth.
Nickel North Exploration Corp. has been identified as a key player in the Critical and Strategic
Minerals value chain by Quebec's Ministry of Economics and Innovation (MEI) in 2021 (Quebec
Plan for the Development of Critical and Strategic Minerals 2020 -2025 (quebec.ca), which is part of
Quebec's Plan for the Development of Critical and Strategic Metals (QPDCSM) and aims to stimulate
the exploration and mining of SCMs, their transformation and recycling.
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.
Nickel North Exploration Inc.
Tony Guo. P. Geo, Chief Executive Officer (Tel: +1-778-877-5480)
E-mail: [email protected]
North America IR / PR Jemini Capital Kevin Shum
Tel: +1 (647) 725-3888 x702
For further information please visit http://www.nnexploration.com
This news release may contain forward-looking information, which is not comprised of historical facts. Forward-looking information involves
risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially
from those expressed or implied by such forward-looking information. Forward- looking information in this news release may include, but
is not limited to, the Company's objectives, goals or futu re plans. Factors that could cause actual results to differ materially from such
forward-looking information include, but are not limited to, those risks set out in the Company's public documents filed on SEDAR. Although
the Company believes that the assumptions and factors used in preparing the forward -looking information in this news release are
reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no
assurance can be given that such events will occur in the disclosed time frames, or at all. The Company disclaims any intention or obligation
to update or revise any forward looking information, whether as a result of new information, future events or otherwise, other than as
required by law. Neither TSX Venture exchange nor its Regulations Services Provider (as that term is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.