Nickel North Exploration Corp. has entered into a loan agreement with SinoTech (Hong Kong) Corporation Limited (SinoTech) for a loan (the Loan) to the company in the principal amount of $100,000 for a term of one year. The principal amount will bear interest at a fixed rate of 10% per annum.

The Loan is unsecured and the Company did not pay any bonus to SinoTech in connection with the Loan. The lender is a wholly owned subsidiary of Sinotech Minerals Exploration Co. Ltd. SinoTech owns approximately 50.253% of the issued common shares of the company.

On a separate note, the Company has renewed 15 mineral claims from Hawk Ridge Project to April 30th of 2026 or June 4th of 2026 on March 21th of 2024. The Company can use its working credits to renew other 233 mineral claims to 2026 in June of 2024.