Mr. Tom Meyer reports

NORTHX NICKEL CORP. COMPLETES SHARE CONSOLIDATION AND NAME CHANGE

Further to Northx Nickel Corp.'s news release dated April 26, 2024, effective as of today's date, it has completed its previously announced consolidation of its common shares and currently outstanding common share purchase warrants on the basis of one postconsolidation common share or existing warrant for each six preconsolidation common shares or existing warrants, as applicable.

In addition, the company has completed its previously announced change of name from Archer Exploration Corp. to Northx Nickel Corp. Effective as of today's date, the company commenced trading on the Canadian Securities Exchange under the new trading symbol NIX. The Cusip number for the common shares is 66860Q102 and the ISIN number is CA66860Q1028. The Cusip number for the existing warrants is 66860Q110 and the ISIN number is CA66860Q1101.

Prior to the consolidation, the company had 113,889,587 common shares, 35,293,720 existing warrants, 8,227,984 stock options, 3,269,755 restricted share units and 3,537,500 deferred share units issued and outstanding. Following the completion of the consolidation, the company has 18,981,483 common shares, 5,882,273 existing warrants, 1,371,314 stock options, 544,954 restricted share units and 589,581 deferred share units issued and outstanding.

Letters of transmittal with respect to the name change and consolidation were mailed out to the company's registered shareholders and posted on the company's SEDAR+ profile. For more information regarding the name change and the consolidation, please see the company's news release dated April 26, 2024.

About Northx Nickel Corp.

Northx is a Canadian Ni-Cu-Co-PGE-(nickel-copper-cobalt-platinum group elements)-focused exploration and development company with an extensive portfolio of assets in Quebec and Ontario, Canada. The company's flagship asset is the Grasset project, located within the Abitibi greenstone belt, with an indicated mineral resource of 5.5 Mt (million tonnes) at 1.53 per cent NiEq (nickel equivalent) (such NiEq grade being established based on: 1.22 per cent Ni, 0.13 per cent Cu, 0.03 per cent Co, 0.26 g/t Pt, 0.64 g/t Pd). In addition, the company holds a portfolio of 37 properties and over 300 square kilometres in the world-class mining district of Sudbury, Ont.

Scientific and technical information in this news release has been reviewed and approved by Jacquelin Gauthier, PGeo, vice-president, exploration, of the company and a qualified person for the purpose of National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. On Nov. 28, 2022, the company filed a technical report entitled "NI 43-101 Technical Report for the Grasset Property, Quebec, Canada," with an effective date of Sept. 2, 2022, which is available on the company's SEDAR+ profile.

The company's growth strategy is focused on the exploration and development of its nickel-sulphide properties within its portfolio. Northx's vision is to be a responsible nickel sulphide developer in stable pro-mining jurisdictions. Northx is committed to socially responsible exploration and development, working safely, ethically, and with integrity.

We seek Safe Harbor.