Nickel North Completes $2 Million Financing

Nickel North Exploration Corp. (TSX VENTURE:NNX)  (the "Company" or "Nickel
North") is pleased to announce that it has closed the $2-million private
placement announced on February 19th, 2013, with Sinotech (Hong Kong)
Corporation Limited, an affiliate of Goldrock Resources Co., Ltd., the Company's
largest shareholder. The Company issued 8,000,000 non-flow-through units (the
"Non-Flow-Through Units") at a price of $0.25 per Non-Flow-Through Unit for
gross proceeds of $2,000,000 on a non-brokered basis.


Each Non-Flow-Through Unit consists of one common share (each, a "Common Share")
of the Company, issued on a non-flow-through basis, and one half of one warrant
(each whole warrant, a "Warrant"). Each Warrant is exercisable into one Common
Share at a price of $0.35 per Common Share in the first year and at a price of
$0.60 per Common Share in the second year. No finder`s fees are paid in relation
to the closing of this financing. 


The securities issued under the offering are subject to a hold period expiring
on July 29, 2013. 


About The Hawk Ridge Ni-Cu-PGE Project

The Hawk Ridge Ni-Cu-PGE Project is situated in an established mining district
within the Labrador Trough in northern Quebec. The project is ideally located on
tidewater on the west coast of Ungava Bay. The mineral claims cover 18,700
hectares of a highly anomalous 50 km belt of mafic to ultramafic intrusive,
volcanic and sedimentary rocks hosting widespread magmatic copper-nickel
sulphide mineralization. The project area lies within the prolific Circum
Superior Nickel Belt, which also hosts the world-class (producing) Raglan and
Thompson mining districts. The property has an extensive work history dating
back to 1961 (24,000 m drilling in 361 holes, approximately $20 million in
expenditures) by several operators including Esso, SOGEM, Phelps Dodge and
Falconbridge. It is currently planning a 2 drill program for the 2013
exploration season.


Other entities and projects active in the area include Goldcorp's Eleonore Mine
which is presently under construction, as well as Oceanic Iron Ore Corp.'s iron
deposit, currently under development - along with proposed road and port
facilities being considered under the Quebec government's $80 billion "Northern
Mineral Development Initiative" supporting mining infrastructure in the
province. Additionally, the Quebec government refunds approximately 47.5% of all
exploration and development expenditures in the northern portion of the
Province.


About Nickel North Exploration Corp.

Nickel North Exploration Corp. is a Canadian based exploration company whose
shares trade on the TSX Venture Exchange under the symbol NNX. The board of
directors, advisory committee and management team feature highly experienced
mining professionals and technical experts with an extensive history of mineral
discovery and mine development; corporate finance and capital markets; as well
as corporate mergers, acquisitions and take-overs. Nickel North Exploration
Corp. is a conscientious corporate citizen, maintains good relations with First
Nations, and is committed to sustainable development. The Company's corporate
mission is to become a pre-eminent supplier of nickel, copper and Platinum Group
Elements for domestic and global export markets. 


On behalf of Nickel North Exploration Corp.

Phillip Mudry, P. Geol., CEO 

Disclaimer for Forward-Looking Statements 

All statements, other than statements of historical fact, included herein are
forward-looking statements that are subject to risks and uncertainties.
Forward-looking statements are often, but not always, identified by the use of
words such as "seek", "anticipate", "believe", "plan", "estimate", "expect",
"likely" and "intend" and statements that an event or result "may", "will",
"should", "could" or "might" occur or be achieved and other similar expressions.
Forward-looking statements in this news release include a statement that the
Company is currently planning a 2 drill program for the 2013 exploration season.
Forward-looking statements are subject to business and economic risks and
uncertainties and other factors that could cause actual results of operations to
differ materially from those contained in the forward-looking statements.
Important factors that could cause actual results to differ materially from the
Company's expectations include fluctuations in commodity prices and currency
exchange rates; uncertainties relating to interpretation of drill results and
the geology, continuity and grade of mineral deposits; the need for cooperation
of government agencies and native groups in the exploration and development of
properties and the issuance of required permits; the need to obtain additional
financing to develop properties and uncertainty as to the availability and terms
of future financing; the possibility of delay in exploration or development
programs and uncertainty of meeting anticipated program milestones; and
uncertainty as to timely availability of permits and other governmental
approvals. Forward-looking statements are based on estimates and opinions of
management at the date the statements are made. The Company does not undertake
any obligation to update forward-looking statements except as required by
applicable securities laws. Investors should not place undue reliance on
forward-looking statements.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nickel North Exploration Corp.
Corporate Communications
604-609-6182
604-689-0628
invest@nickelnorth.com
www.nickelnorth.com
Nickel North Exploration (TSXV:NNX)
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