Mr. Tony Guo reports

NICKEL NORTH CLOSES UNIT PRIVATE PLACEMENT

Nickel North Exploration Corp. has closed its non-brokered private placement of 60 million units at a price of 2.5 cents, previously announced on Aug. 25, 2025, for aggregate gross proceeds of $1.5-million.

Each unit consists of one common share in the capital of the company and one-half of one common share purchase warrant. Each warrant entitles the holder to purchase one additional common share for a period of 24 months from the issuance date of the warrant at an exercise price of five cents per share.

The warrants are subject to acceleration provisions so that the company may, at its sole discretion: (a) when the closing price of the company's common shares equals or exceeds eight cents per common share consecutively for one month (the first acceleration trigger), accelerate the expiration date of 50 per cent of the warrants owned by the holder to one month following the first acceleration trigger; and (b) when the closing price of the company's common shares equals or exceeds 16 cents per common share consecutively for one month (the second acceleration trigger), accelerate the expiration date of all the warrants owned by the holder to one month following the second acceleration trigger.

Proceeds from the private placement will be used for field exploration programs on the Hawk Ridge nickel/copper/platinum group element/cobalt project, updating previous National Instrument 43-101 resource estimate report, general working capital and potential acquisitions of new assets; none of the proceeds will be used for investor relations activities.

Insiders have participated in the private placement. This 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 validation 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 the fair market value of the participation in the offering by the insider does not exceed 25 per cent of the market capitalization of the company, as determined in accordance with MI 61-101.

The company paid finders' fees of $1,200 in cash commission and 48,000 finder warrants and are exercisable to purchase one additional common share of the company at a price of five cents per common share, in accordance with the policies of the TSX Venture Exchange.

The securities issued in relation to the private placement are subject to a four-month-plus-one-day hold period and approval of applicable securities regulatory authorities, including the TSX-V.

About Nickel North Exploration Corp.

Nickel North Exploration is a Canada-based exploration company focused on defining a copper/nickel/cobalt/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 copper/nickel/cobalt/platinum group element 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 was 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, 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 (strategic and critical minerals) and their transformation and recycling.

We seek Safe Harbor.