Mr. Tony Guo reports

NICKEL NORTH ANNOUNCES CLOSING OF FLOW-THOUGH NON-BROKERED PRIVATE PLACEMENT

Nickel North Exploration Corp. has closed its previously announced flow-through (FT) private placement on March 13, 2026, issuing 9,090,910 common shares at 5.5 cents 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 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 (nickel, copper, platinum group element and cobalt) project in Northern Quebec. The company will renounce the CEE to the subscribers in the offering with an effective date of no later than Dec. 31, 2026, and as required under the tax act.

In connection with the FT private placement, the company issued to a finder 6 per cent 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 Corp.

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, adviser committee and management team are experienced, successful mine finders. The property consists of a 50-kilometre-long belt of strong magmatic Cu-Ni-Co-PGE occurrences covering 179.67 square kilometres. 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.

Nickel North Exploration 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 to 2025, 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.

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