Mr. Tony Guo reports

NICKEL NORTH ANNOUNCES NON-BROKERED PRIVATE PLACEMENT OF CONVERTIBLE DEBENTURE

Nickel North Exploration Corp. has arranged a non-brokered private placement of up to $200,000 in unsecured convertible debentures at an interest rate of 5 per cent with a maturity of 12 months. The debentures are convertible for the issuance of up to an aggregate of five million units at a conversion price of four cents per conversion unit. Holders of the debentures may, at any time and from time to time after 90 days from the closing of the offering, elect to convert the outstanding debentures, including any interest due and unpaid, into conversion units at a price of four cents per conversion unit. Each conversion unit consists of: (i) one common share; and (ii) one common share purchase warrant. Each share purchase warrant will entitle the holder to purchase one common share for a period of two years from the issuance date of the share purchase warrant at an exercise price of eight cents per share.

Proceeds from the issuance of the debentures issued will be used for the general working capital.

Certain insiders of the company may participate in the offering. Any participation by insiders in the offering constitutes a related party transaction as defined under Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company intends to rely on exemptions from the formal valuation 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 fair market value of the participation in the offering by insiders will not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

The offering 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 (copper, nickel, cobalt and platinum group element) 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.

We seek Safe Harbor.