File: '\\swfile\EmailIn\20241210 182722 Attachment 12-10-2024-NNX- News Release-Repricing200k-convert-to-units.docx'

tonyguo@nnexploration.com www.nnexploration.com

1188 West Georgia St. Suite 1488 Vancouver BC V6E 4A2

AC/13464912.2

December 10th, 2024

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 Change of Non-Brokered Private Placement of Convertible Debenture to Units

Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company") announces, further to its news release of December 5, 2024, that it will changes its non- brokered private placement of unsecured convertible debenture to an offering of up to 6,250,000 units (each a "Unit") at $0.04 per Unit for an aggregate amount of $250,000. Each Unit consists of: (i) one common share, and (ii) one common share purchase warrant (each a "Share Purchase Warrant"), with each Share Purchase Warrant will entitle the holder to purchase one common share for a period of two (2) years from the issuance date of the Share Purchase Warrant at an exercise price of $0.05 per share.

Proceeds from the issuance of the Debentures issued will be used for the general working capital and none of the proceeds will be used for investor relations activities and non-arm's length party of the Company. The Company has not determined any specific use that will represent 10% or more of the gross proceeds.

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 ("MI 61-101"). 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% of the market capitalization of the Company, as determined in accordance with MI 61-101.

The Debentures of the Company have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. These securities have been sold and this press release appears as matter of record only. Resales of any Shares or Warrants that may be placed within the United States will be restricted in accordance with applicable laws. The Offering 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.

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: tonyguo@nnexploration.com

North America IR / PR Jemini Capital Kevin Shum kevin@jeminicapital.com 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 assurance 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.

File: Attachment 12-10-2024-NNX- News Release-Repricing200k-convert-to-units.pdf

December 10th, 2024 tonyguo@nnexploration.com www.nnexploration.com

1188 West Georgia St. Suite 1488 Vancouver BC V6E 4A2

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 Change of Non-Brokered Private Placement of Convertible Debenture to Units

Nickel North Exploration Corp. (NNX - TSX-Venture Exchange) (the "Company") announces, further to its news release of December 5, 2024, that it will changes its non- brokered private placement of unsecured convertible debenture to an offering of up to 6,250,000 units (each a "Unit") at $0.04 per Unit for an aggregate amount of $250,000. Each Unit consists of: (i) one common share, and (ii) one common share purchase warrant (each a "Share Purchase Warrant"), with each Share Purchase Warrant will entitle the holder to purchase one common share for a period of two (2) years from the issuance date of the Share Purchase Warrant at an exercise price of $0.05 per share.

Proceeds from the issuance of the Debentures issued will be used for the general working capital and none of the proceeds will be used for investor relations activities and non-arm's length party of the Company. The Company has not determined any specific use that will represent 10% or more of the gross proceeds.

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 ("MI 61-101"). 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% of the market capitalization of the Company, as determined in accordance with MI 61-101.

The Debentures of the Company have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, or any state securities laws, and may not be offered or sold in the United States, or to or for the account or benefit of any person in the United States, absent registration or an applicable exemption from the registration requirements. These securities have been sold and this press release appears as matter of record only. Resales of any Shares or Warrants that may be placed within the United States will be restricted in accordance with applicable laws. The Offering 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

AC/13464912.2 tonyguo@nnexploration.com www.nnexploration.com

1188 West Georgia St. Suite 1488 Vancouver BC V6E 4A2

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.

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: tonyguo@nnexploration.com

North America IR / PR Jemini Capital Kevin Shum kevin@jeminicapital.com 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 assurance 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.

AC/13464912.2