Nickel North Announces Closing of Flow-Though Non-Brokered Private Placement
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
AC/14430630.2
March 24, 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 CLOSING OF FLOW-THOUGH
NON-BROKERED PRIVATE PLACEMENT
Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company" or "Nickel North") the
Company is pleased to announce closing of its previously announced flow-through private placement
on March 13, 2026 ("FT Private Placement") issuing 9,090,910 common shares (the "FT Shares") at
$0.055 per share for gross proceeds of $500,000.
Each FT Share will be issued as a "flow-through share" as defined in the Income Tax Act (Canada) (the
"Tax Act "). The Company will use the proceeds of the Offering to incur “Canadian Exploration
Expenses” ("CEE") that are "flow-through mining expenditures" (as such terms are defined in the Tax
Act) on the Hawk Ridge Ni-Cu-PGE-Co project in Northern Quebec. The Company will renounce the
CEE to the subscribers in the Offering with an effective date of no later than December 31, 2026, and
as required under the Tax Act.
In connection with the FT Private Placement, the Company issued to a finder 6% of the total FT Shares
issued as the finder's fee, and these common shares issued to the finder are subject to a four-month
hold period under applicable Canadian securities laws. All funds are denominated in Canadian dollars.
This FT 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
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 committed 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.
www.nnexploration.com
1188 West Georgia St. Suite 1488
Vancouver BC V6E 4A2
AC/14430630.2
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.
Per: "Tony Guo"
Tony Guo
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 future 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 assura nce 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.