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NNX.V ·

Nickel North Announces Flow-Though Non-Brokered Private Placement

Financings

[email protected]

www.nnexploration.com

1188 West Georgia St. Suite 1488

Vancouver BC V6E 4A2

AC/14335273.2

March 13, 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 FLOW-THOUGH

NON-BROKERED PRIVATE PLACEMENT

Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the " Company" or " Nickel North ")

Further to the news release dated January 30, 2026 announcing a $3,000,000 private placement, the

Company is pleased to announce a further non-brokered flow-through private placement (the " FT

Private Placement") offering up to a further 9,090,909 common shares (the "FT Shares") at $0.055

per share for further gross proceeds of up to $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.

The FT Private Placement is subject to regulatory approval. All securities to be issued pursuant to the

FT Private Placement are subject to a four -month hold period under applicable Canadian securities

laws. All funds are denominated in Canadian dollars. A finder's fee of up to 6% of the proceeds raised

will be paid in shares of the Company if applicable.

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

[email protected]

www.nnexploration.com

1188 West Georgia St. Suite 1488

Vancouver BC V6E 4A2

AC/14335273.2

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.

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

[email protected]

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.