NNX Nickel North Exploration Corp

Nickel North Exploration Corp. (TSX VENTURE:NNX) (the "Company" or "Nickel
North") is pleased to announce that it has entered into a Cooperation Framework
Agreement (the "Agreement") with Goldrock Resources Co., Ltd. ("Goldrock") a
subsidiary of Sinotech Minerals Exploration Co., Ltd. of Beijing, China
("Sinotech Minerals"). This Agreement was signed on November 5th, 2012 at the
China International Mining Conference 2012 in Tianjin, and witnessed by the
Premier of the Ministry of Land and Resources of China.


Goldrock currently owns 43.4% of Nickel North's outstanding shares and this
Agreement sets in place a formal, growth-oriented framework to harness synergies
and leverage the combined resources and core competencies of the two parties.
The Agreement contemplates Nickel North emerging as a highly specialized, global
exploration and mine development company focusing on magmatic, sulphide-hosted
nickel, copper and Platinum Group Elements (Ni, Cu, PGEs), with initial emphasis
on the Company's flagship - the Hawk Ridge Ni-Cu-PGE Project in Northern Quebec.


Terms of the Cooperation Framework Agreement(i) are not limited to, but include:



--  Nickel North to table a detailed "Acquisition Strategy" for approval by
    both parties within 180 days of this Agreement; 
--  Goldrock to provide technical expertise, financial resources and its
    international and industry connections to source and fund projects of
    exceptional merit; 
--  Nickel North to become a specialized entity that evaluates, acquires and
    exploits Ni, Cu, PGE opportunities globally; 
--  Initial focus on advanced-stage exploration at "Hawk Ridge Ni-Cu-PGE
    Project" 
--  Goldrock or its nominee(s) to have first option to provide funding for
    Hawk Ridge, as well as other project acquisitions.(i)



Commenting on the Agreement, Nickel North President & CEO, Phillip Mudry stated,
"we are fortunate to have found an investor with such impressive technical depth
and financial resources. It is deeply gratifying that an organization of this
stature views our Hawk Ridge assets and management team, as a platform for their
global expansion."


(i) The Agreement referenced above is subject to mutually agreeable terms, as
well as acceptance by the TSX Venture Exchange and all other applicable
regulatory bodies. The Agreement has term of 10 years and can be terminated by
either party on 3 months written notice.


About Goldrock

Goldrock is a Hong Kong based subsidiary of Sinotech Minerals and specializes in
mineral resource exploration and investment. Its mandate is to establish a
large-scale overseas mineral exploration and development base. Goldrock
currently has projects at various stages of development in several countries
including Canada. Goldrock has a staff of over 200 people, 60% of which have a
broad range of technical backgrounds, including 10 people with Ph.D. degrees.


Goldrock's parent company, Sinotech Minerals is a mining enterprise conglomerate
based in Beijing with over 100 projects and operations in 10 countries around
the globe. Their fields of expertise include: geological; geophysical and
geochemical exploration and analysis; remote sensing; mapping; geological
engineering; geological hazard control; environmental assessment; and mine
management. Their largest shareholder is the Beijing Institute of Geology for
Mineral Resources.


About The Hawk Ridge Ni-Cu-PGE Project

The Hawk Ridge Ni-Cu-PGE Project (controlled 100% by Nickel North Exploration
Corp) is situated in an established mining district within the Labrador Trough
in northern Quebec (rated #1 mining jurisdiction in Canada and recently rated #5
in the world by the Fraser Institute). The project is ideally located on
tidewater on the west coast of Ungava Bay. The mineral claims cover 18,000
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.


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 51% 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., President and Chief Executive Officer

The technical information in this news release has been reviewed by Phillip
Mudry, PGeol, Nickel North's President and CEO, and a qualified person as
defined by National Instrument 43-101. The Hawk Ridge NI 43-101 technical report
has been filed on SEDAR and is available on the Company's website.


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 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 (FAX)
info@nickelnorthexploration.com
www.nickelnorthexploration.com

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