File: '\\swfile\EmailIn\20250127 093228 Attachment Jan27-News Release re Option Extension[1]NNX.docx'

NEWS RELEASE

1105-750 West Pender Street Vancouver, British Columbia

V6C 2T8

http://nnexploration.com

Trading Symbol: "NNX: TSX.V"

NICKEL NORTH ANNOUNCES EXTENSION OF OPTION AGREEMENT WITH 1844 RESOURCES

Vancouver, January 27, 2025 - Nickel North Exploration Corp. ("Nickel North" or the "Company") (TSX- V:NNX) wishes to provide an update on the previously announced option agreement (the "Option Agreement") with 1844 Resources Inc. ("1844") concerning the Hawk Ridge nickel/copper project located in northeastern Quebec (the "Hawk Ridge Project").

The Company and 1844 have entered into an amending agreement (the "Amending Agreement") with respect to the Option Agreement, pursuant to which the parties have agreed to amend the Outside Date of the Option Agreement from January 25, 2025 to February 28, 2025.

The remaining terms and conditions of the Option Agreement remain unchanged and the Option Agreement, as amended, remains subject to Exchange Approval.

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.

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

- 2 -

North America IR / PR Jemini Capital Jorge Galindo jorge@jeminicapital.com Tel: +1 (647) 725-3888 x703

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.

The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.

File: Attachment Jan27-News Release re Option Extension[1]NNX.pdf

1105-750 West Pender Street Vancouver, British Columbia V6C 2T8 http://nnexploration.com

Trading Symbol: "NNX: TSX.V"

NEWS RELEASE

NICKEL NORTH ANNOUNCES EXTENSION OF OPTION AGREEMENT WITH 1844 RESOURCES

Vancouver, January 27, 2025 Nickel North Exploration Corp. ("Nickel North" or the "Company") (TSX- V:NNX) wishes to provide an update on the previously announced option agreement (the "Option Agreement") with 1844 Resources Inc. ("1844") concerning the Hawk Ridge nickel/copper project located in northeastern Quebec (the "Hawk Ridge Project").

The Company and 1844 have entered into an amending agreement (the "Amending Agreement") with respect to the Option Agreement, pursuant to which the parties have agreed to amend the Outside Date of the Option Agreement from January 25, 2025 to February 28, 2025.

The remaining terms and conditions of the Option Agreement remain unchanged and the Option Agreement, as amended, remains subject to Exchange Approval.

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.

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 - 2 -

North America IR / PR Jemini Capital Jorge Galindo jorge@jeminicapital.com Tel: +1 (647) 725-3888 x703

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. The securities being offered have not been, nor will they be registered under the United States Securities Act of 1933, as amended, or state securities laws and may not be offered or sold within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal and state registration or an applicable exemption from the U.S. registration requirements. This release does not constitute an offer for sale of securities in the United States.