NNX TSX Venture Exchange FORWARD LOOKING STATEMENTS Certain - - PowerPoint PPT Presentation

The New Player in Nickel

NNX – TSX Venture Exchange

“The New Player in Nickel” March 18, 2013

FORWARD LOOKING STATEMENTS

Certain statements herein may contain forward-looking information within the meaning of applicable securities laws.

Forward-looking information appears in a number of places and can be identified by the use of words such as “intends” or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. Forward- looking information includes statements regarding the Company’s exploration and development plans with respect to its properties and are subject to such forward-looking risks, uncertainties and other factors which may cause the Company’s actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking

• information. Such risks include commodity price volatility, change in equity markets, the uncertainties involved in interpreting geological data,

increase in costs and exchange rate fluctuations, permitting and environmental risks and other risks involved in the exploration and development

• industry. There can be no assurance that forward-looking information referenced herein will prove to be accurate, as actual results and future

events could differ materially from those anticipated in such statements or information. Also, many of the factors are beyond the control of Nickel North Exploration. Accordingly, readers should not place undue reliance on forward-looking information. All forward-looking information herein are qualified by this cautionary statement. The Company does not undertake to update such forward-looking information except in accordance with applicable securities laws. A feasibility study has not been completed for any projects discussed in this presentation and there is no certainty the disclosed targets will be reached nor that the proposed operations will be economically viable. Phillip Mudry, P. Geol., the Company’s Qualified Person as defined by National Instrument NI 43-101, has reviewed and approved the technical information contained in this presentation.

Historical Resources

Historical estimates made in this presentation are non-compliant with NI 43-101. Readers are cautioned that the Hawk Ridge

project is at an early stage of development and that all estimates and projections are based on limited and incomplete data. Additional work is required before the mineralization and economic aspects of these projects can be confidently modeled. No representation or prediction is intended as to the results of future work, nor can there be any promise that any estimates herein will be confirmed by future exploration or analysis, or that the projects will prove to be economic.

Investment Highlights

• New investment vehicle – listed on TSX-V on August 9, 2012
• Expert management with strong backers from China and Canada
• Flagship Hawk Ridge Ni-Cu-PGE Project controlled 100%
• Excellent logistics - situated on tidewater (Ungava Bay) and near

airport in a top mining jurisdiction, Quebec.

• Completed a very successful 2012 exploration program – aerial survey,

geophysics, diamond drilling and reassaying

• New high-grade discovery reveals sulphide enrichment similar to that
• bserved at Voisey’s Bay and other magmatic sulphide deposits.
• Planning a much larger drilling program in 2013

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Board and Management

• Dr. Jingbin Wang, PhD - Chairman and Director

Geologist with 24 years experience in mineral exploration; Director of China Nonferrous Metals Resource Geological Survey; President of the Beijing Institute of Geology for Mineral Resources; Chairman of Sinotech Minerals Exploration Co., Chairman of Silvore Fox Minerals Corp., Chairman of Canaco Resources Corp. Richard Barclay, Director Over 40 years experience in mining sector including as founder and/or senior executive roles with Adriana Resources (JV with WISCO); Nevada Pacific Gold (merged with US Gold), Eldorado Gold Corp.; and Bema Gold Corp. (merged with Kinross Gold).

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Board and Management

Phillip Mudry, P. Geol., President and Chief Executive Officer Over 35 years experience as an economic geologist in mining exploration, directed and managed junior mining companies and exploration teams to new deposit discoveries including the Meadowbank and Meliadine gold deposits in the Territory of Nunavut. Walter Coles, Jr., B.A. Director President, CEO and Director of Anthem Resource Inc. (TSXV:AYN) and director of Virginia Energy Resources Inc. (TSXV:VUI) ; former equity and bond analyst with Cadence Partners and UBS in New York.

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Anna Mao, MBA, Director (TBA) 20 years experience in finance and public companies. Graduated from Beijing Institute

• f Technology University and obtained an MBA from Richard Ivey Business School.

Former CEO of Worldtex Capital Resources

Board and Management

Min Kuang, M.B.A., Director 15 years experience in managing public companies, mergers and acquisitions, business development, and investment management; CEO and Director of Urban Select Capital

• Corp. (TSXV:CH) and the director of Huazhong Holdings Limited (6830.HK)
• Dr. Hancheng Zhang, Vice President of Exploration

21 years experience in mineral exploration; held senior geologist roles with large multinationals such as BHP Billiton. Dr. Hancheng is a senior geologist of Beijing Donia Resources Co. Ltd.

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Michael Cathro, M.Sc., P. Geo., Director Director of Happy Creek Minerals Ltd. (TSXV: HPY.V) and the VP of Exploration for Virginia Energy Resources Inc. Over 30 years experience as an exploration geologist and manager; led the government team that completed the technical permitting and aboriginal consultation for the New Afton copper-gold mine.

Special Advisors

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• Dr. Larry Hulbert, P. Geo., Advisor

Over 40 years experience in Ni-Cu-PGE exploration metallogenic with Geological Survey of Canada, Institute for Geological Research on the Bushveld Complex, Sherrit-Gordon Ltd., and several junior companies; recipient of Barlow Medal from CIM. Ronald Netolitzky, M.Sc., Advisor Over 40 years of experience in mining exploration. Acknowledged as a successful mine finder and developer with Snip, Eskay Creek, Brewery Creek and Gualcamayo gold mines to his credit. Director and senior executive roles with numerous companies.

Current Share Capital

Trading Symbol NNX - TSX-Venture Exchange Shares Outstanding 32,920,405 Warrants (2 years) Incentive Options (5 years) 10,255,126 2,200,000 Shares Fully Diluted 45,375,531 Escrowed 21,510,059 Held by Insiders 66.3% Type Number Exercise Proceeds* Warrants 2 - Year 10,255,126 $0.35 (Yr. 1) $0.60 (Yr. 2) $ 3.59 Mil 6.15 Mil Options 5 Year 2,200,000 $0.20 $ 440,000 * Proceeds are theoretical in nature and have NOT been and may never be realized

Post $2 Million Financing and Share Conversion Share Capital*

Trading Symbol NNX - TSX-Venture Exchange Shares Outstanding 47,052,080 Warrants (2 years) Incentive Options (5 years) 16,070,963 2,200,000 Shares Fully Diluted 65,323,043 Escrowed 21,510,059 Held by Insiders 80.4% Type Number Exercise Proceeds* Warrants 2 - Year 16,070,963 $0.35 (Yr. 1) $0.60 (Yr. 2) $ 5.62 Mil 9.64 Mil Options 5 Year 2,200,000 $0.20 $ 440,000 * Proceeds are theoretical in nature and have NOT been and may never be realized

* See February 19th, 2013 news release

Post $4 Million Financing Share Capital*

Trading Symbol NNX - TSX-Venture Exchange Shares Outstanding 60,385,413 Warrants (2 years) Incentive Options (5 years) 16,070,963 2,200,000 Shares Fully Diluted 78,656,376 Escrowed 21,510,059 Held by Insiders 73.7% (assuming insiders take 50% of $4M financing) Type Number Exercise Proceeds* Warrants 2 - Year 16,070,963 $0.35 (Yr. 1) $0.60 (Yr. 2) $ 5.62 Mil 9.64 Mil Options 5 Year 2,200,000 $0.20 $ 440,000 * Proceeds are theoretical in nature and have NOT been and may never be realized

* See February 19th, and March 7th, news releases

Hawk Ridge

Part of the Circum-Superior Ni-Cu Sulphide Belt

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Raglan District (2003) 17.7mt @ 2.86% Ni + PGE Voisey’s Bay (2003) 30Mt @ 3.02% Ni Thompson District (2002) >250Mt @ 2.14% Ni + PGE Sudbury 207Mt @ 1.28% Ni

Circum- Superior Ni, Cu Belt

WL

Hawk Ridge

Low-Risk Strategy – Extraordinary Opportunity

• Single Project: Disciplined, focused approach for Ni-Cu-PGE resources
• Low-risk targets: Define large tonnage of intermediate-grade, open-pit Ni-

Cu-PGE resources on tide water in a top-ranked mining jurisdiction.

• High-reward targets: Utilizing the expertise and experience of our world

class team in magmatic Cu-Ni-PGE geology and modern geophysics to explore for the new high grade discovery “Raglan-type” and “Thompson- style” deposits.

• Initial goal: Economic feasibility on a open-pit deposit for Ni, Cu, Co, Pt,

Pd, & Au.

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Hopes Advance Main Zone

Hawk Ridge Ni-Cu-PGE Sulphide District

• Nickel North controls 100% of Hawk Ridge
• Claim block is 18,700 hectares and 50 km long; entire district held
• Discovered 1961; > 30 prospects explored by various companies
• Property acquired in late 90’s by our 2nd largest shareholder (Anthem)
• Several hundred historical holes; extensive database and core

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Hopes Advance Main Zone Hopes Advance North Zone

Great Location and Access

• Located in Ungava Bay, Quebec.
• 130 km northwest of Kuujjuaq.
• 5 km to village of Aupaluk & airport.
• Ship access for fuel & equipment.
• Same regional geological belt of Xstrata’s

Raglan Ni-Cu district.

• Positive study by AMEC for deep water

port at Hope’s Advance Bay

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Inuit Village of Aupaluk

Quebec is Mining Friendly

• Quebec is a top-ranked mining jurisdiction.
• Government supporting $80 billion in

investment in mining, forestry, infrastructure over next 25 years.

• Proposals for new road, rail, and port

infrastructure in the north.

• NNX receives a cash rebate of 47% of

exploration costs for 2012.

The Fraser Institute's Survey of Mining Companies: 2013

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Hawk Ridge vs Xstrata’s Raglan Property

• Hawk Ridge and Raglan are part of the same

Circum-Superior nickel belt.

• Similar rock types and ages (1880 Ma).
• Both districts rich in Ni & PGE, Hawk Ridge is

richer in Cu.

• Raglan in production since 1997.
• 3 underground mines
• 1.3 million tonnes per year (3500 tonnes per day)
• Grade of 2.2% Ni, 0.55% Cu, 0.04% Co
• 145 sulphide lenses known to 750 m depth
• 10,000 t to 2.4 million t (avg. 200,000 t)
• 800,000 meters of drilling since opening

(Source: Xstrata website)

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Ni-Cu Occurrences

Nickel North Hawk Ridge Project

~50 km

Xstrata Raglan Project

~70 km

Property outlines shown at same scale

Key Target Types

• Low risk, intermediate-grade open pit
• Hopes Advance Main: 47 m t @ 0.51% Cu &

0.18% Ni*

• Gamma: (no resources at this time)
• High-grade “Raglan-type”
• Hopes Advance North: DH 97-112
• Gamma: 0.25 mt @ 2.4% Cu & 0.9% Ni*
• High-grade “Thompson-style”
• Pio West: 26,000 t @ 6.4% Cu and 3.0% Ni*
• By-product PGEs, Au and Co
• Historically no systematic sampling

* The historical estimate presented above is relevant to future exploration

• f the project. The Company has recently completed a drilling and

sampling program on the property. Sufficient work to classify the historical estimate by a “qualified person” has not been completed to establish a mineral resource. The Issuer is not treating the historical estimate as current mineral resources; therefore they should not be relied upon.

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2012 Drill Results

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DDH Interval From To Width m Cu % Ni % Co % Pd g/tonne Pt g/tonne Au g/tonne PGE + Au Sulphide % CuEq % NiEq % HR-2012-01 Interval 72.4 108 35.6 0.52 0.22 0.01 0.29 0.06 0.04 0.40 2.6 1.28 0.48 HR-2012-01 Incl. 85 95.07 10.07 0.55 0.20 0.01 0.32 0.07 0.04 0.43 2.5 1.27 0.48 HR-2012-01 Incl. 98 108 10 0.66 0.30 0.01 0.25 0.06 0.04 0.35 4.1 1.63 0.61 HR-2012-01 Interval 150.06 152.84 2.78 2.19 1.15 0.05 0.65 0.08 0.29 1.03 19.9 5.81 2.18 HR-2012-01 Incl. 150.86 152.84 1.98 2.68 1.52 0.06 0.87 0.11 0.40 1.39 25.0 7.46 2.80 HR-2012-02 Interval 129.5 163 33.5 0.45 0.18 0.01 0.24 0.05 0.04 0.34 2.0 1.07 0.40 HR-2012-02 Incl. 142.76 157.3 14.54 0.59 0.24 0.01 0.29 0.06 0.05 0.40 3.3 1.42 0.53 HR-2012-02 Interval 204 208.03 4.03 1.41 0.52 0.02 0.30 0.01 0.12 0.43 12.9 3.04 1.14 HR-2012-02 Incl. 205.6 208.3 2.43 1.70 0.63 0.02 0.36 0.01 0.17 0.55 15.1 3.66 1.37 HR-2012-03 Interval 57.14 59 1.86 4.67 2.84 0.09 1.21 0.10 0.00 1.31 22.8 12.97 4.87 HR-2012-03 Incl. 58.3 59 0.7 5.47 2.59 0.08 1.89 0.22 0.00 2.11 19.2 13.29 4.99 HR-2012-03 Interval 62 63.5 1.5 1.02 0.02 0.00 0.19 0.01 0.01 0.20 2.7 1.13 0.43 HR-2012-04 Interval 52.2 69 16.8 0.54 0.14 0.01 0.13 0.04 0.06 0.24 2.4 1.04 0.39 HR-2012-04 Incl. 54.1 63 8.9 0.77 0.20 0.01 0.17 0.06 0.08 0.31 3.8 1.44 0.54 HR-2012-04 Incl. 57 58 1 2.29 0.20 0.01 0.18 0.09 0.38 0.65 6.9 3.15 1.18 HR-2012-05 Interval 36.5 58.64 22.14 0.56 0.20 0.01 0.20 0.05 0.02 0.28 3.1 1.23 0.46 HR-2012-05 Incl. 36.5 54 17.5 0.60 0.24 0.01 0.21 0.05 0.02 0.29 3.6 1.36 0.51 HR-2012-05 Incl. 49 50 1 1.81 0.35 0.02 0.31 0.08 0.03 0.41 8.0 2.94 1.10 HR-2012-06 Interval 46 53 7 0.34 0.15 0.01 0.07 0.02 0.02 0.11 3.5 0.82 0.31 HR-2012-06 Interval 57.09 74.9 17.81 0.81 0.32 0.02 0.31 0.07 0.21 0.59 4.4 1.95 0.73 HR-2012-06 Incl. 57.92 74 16.08 0.87 0.34 0.02 0.33 0.07 0.23 0.63 4.8 2.08 0.78 HR-2012-06 Incl. 51.24 51.64 0.4 0.18 0.78 0.04 0.16 0.03 0.00 0.19 11.7 2.51 0.94 HR-2012-06 Incl. 61 62 1 1.09 0.39 0.02 0.48 0.09 0.03 0.60 5.6 2.40 0.90 HR-2012-06 Incl. 71 72 1 1.25 0.48 0.02 0.41 0.07 0.04 0.52 6.1 2.78 1.04 HR-2012-07 Interval 63 117.12 54.12 0.54 0.19 0.01 0.17 0.05 0.04 0.26 3.1 1.18 0.44 HR-2012-07 Incl. 89 112.5 23.5 0.76 0.22 0.01 0.20 0.08 0.05 0.33 3.5 1.49 0.56 HR-2012-07 Incl. 94 95 1 1.19 0.31 0.01 0.21 0.07 0.07 0.34 5.1 2.19 0.82 HR-2012-07 Incl. 105 106 1 1.23 0.22 0.01 0.27 0.45 0.04 0.76 4.5 2.20 0.83 HR-2012-07 Interval 122.44 126 3.56 0.27 0.02 0.01 0.01 0.01 0.00 0.02 15.8 0.36 0.13

2012 Historical Resampling Results

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DDH Interval From To Width m Cu % Ni % Co % Pd ppb Pt ppb Au ppb PGE + Au * Sulph % ** Hopes Advance Main

96-9 Interval 30 36 6 0.66 0.16 0.01 252.67 70.58 197.33 520.58 1.03 Interval 49 98 49 0.49 0.17 0.01 175.04 46.62 36.28 257.94 2.95 96-10 Interval 66 95.39 29.39 0.43 0.19 0.01 210.18 31.76 20.06 262.00 3.04 Interval 101.12 111.57 10.45 0.66 0.14 0.01 265.69 94.48 59.27 419.44 2.60

Hopes Advance North

96-44 Interval 40.04 54.45 14.41 1.50 0.49 0.01 262.30 11.33 65.08 338.71 14.70 Including 43 52.5 9.5 1.96 0.50 0.01 162.61 9.05 73.32 244.98 13.47 96-45 Interval 48.14 63.5 15.36 0.63 0.44 0.01 250.75 9.83 24.54 285.12 11.73 Including 50.6 54.45 3.85 1.38 0.71 0.01 568.70 12.73 77.40 658.83 22.36

Gamma

96-53 Interval 34.5 57.45 22.95 0.45 0.17 0.01 198.08 56.48 36.85 291.41 2.23 96-55 Interval 86.5 160.55 74.05 0.43 0.18 0.01 266.72 54.69 50.19 371.60 2.29 Including 119.5 151.5 32 0.54 0.21 0.01 261.02 50.66 38.51 350.19 3.11 Interval 223.03 230.44 7.41 0.48 0.10 0.01 5.00 10.00 5.00 20.00 3.68 96-60 Interval 101 145.5 44.5 0.36 0.18 0.01 256.66 50.64 31.51 338.81 1.56 Interval 157 179.8 22.8 0.55 0.16 0.01 173.82 44.17 40.83 258.82 1.60

Schindler

97-101 Interval 123 138 15 0.51 0.21 0.01 148.70 42.73 30.53 221.96 3.09 97-102 Interval 122 132.5 10.5 0.33 0.15 0.01 139.22 39.48 26.02 204.72 2.36

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Low-Risk Target Hopes Advance Main Zone

Low-Risk Target Hopes Advance Main Zone

• Intermediate-grade in gabbro.
• >800 m strike length.
• ~35 m true width.
• Down-dip extension tested to

360m.

• Historical estimate*

47 MT @ 0.51% Cu & 0.18% Ni.

• One hole in 2012 duplicating

the results @ 0.54% Cu & 0.22%

Ni over 35.6 m

• Resource modeling study to

commence in Q1 2013.

* The historical estimate presented above is relevant to future exploration of the project. The Company has recently completed a drilling and sampling program on the property. Sufficient work to classify the historical estimate by a “qualified person” has not been completed to establish a mineral resource. The Issuer is not treating the historical estimate as current mineral resources; therefore they should not be relied upon.

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Historical Cross Section (1996)

0.56, 0.20 52.42 m

Historic assays

%Cu, %Ni Metres

W E

0.40, 0.20 66.70 m 0.46, 0.19 76.63 m 0.54, 0.17 46.58 m

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Low-Risk Target Gamma Zone

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Low-Risk Target Gamma Zone

Low-Risk Target Gamma Zone

• Both intermediate-grade

and high-grade zones defined in historic drilling.

• Strike length of >850 m

and true thickness of intermediate-grade zone ~30 m with grades slightly higher than Hopes Advance Main.

• High grade massive

sulphide zone

• 4.01% Cu & 1.48% Ni over

4.1m

• 5 holes drilled in 2012.
• Resource modeling in Q1

2013.

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Low-Risk Target Gamma Zone

25 New high grade massive sulphide zone

4.67% Cu & 2.84% Ni over 1.86m

Gamma Zone a new high grade zone

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0.52, 0.22 (1.28) 35.6m 0.45, 0.18 (1.07) 33.5m + 1.41, 0.52 2.43m 0.54, 0.14 (1.04) 16.8m 0.56, 0.22 (1.23) 22.14m 4.67, 2.84 (12.97) 1.86m 0.79, 0.43 14.5m

2012 Assays

%Cu, %Ni (CuEq%) meters

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“Raglan-Type” High-Grade Hopes Advance North Zone

DDH-097-112 High-grade: 3.5 m @ 3.39% Ni, 2.45% Cu, 0.10% Co, 969 ppb Au+Pt+Pd

“Raglan-Type” High-Grade Hopes Advance North Zone

• Hole 97-112 was drilled by Troymin

in 1997.

• Intermediate-grade: 20 m thick

zone @ 0.68% Cu and 0.19% Ni.

• High-grade: 3.5 m @ 3.39% Ni,

2.45% Cu, 0.10% Co, 969 ppb Au+Pt+Pd.

• High-grade zone only 50 m below

surface.

• Limited drilling - open along strike
• 2013 drilling to follow-up.

28 Historical Cross Section (1996-1997)

1.87, 0.74 4.00m 0.50, 0.19 24.00m

Historic assays

%Cu, %Ni meters

W E

2.45, 3.39 3.50m 0.68,0.19 20.00m

“Thompson-Style” High-Grade Pio Lake & Gabbro Zone

• High-grade mineralization from

nearby “blotchy” gabbro

• Historical estimates*
• Pio West: 26,000 tonnes @ 6.4% Cu &

3.0% Ni

• Pio East: 17,000 tonnes @ 5.85% Cu &

0.25% Ni

• Locally high PGE values.

* The historical estimate presented above is relevant to future exploration of the project. The Company has recently completed a drilling and sampling program on the property. Sufficient work to classify the historical estimate by a “qualified person” has not been completed to establish a mineral

• resource. The Issuer is not treating the historical estimate as

current mineral resources; therefore they should not be relied upon.

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0.2% Cu Grade Shell

Why Nickel? – Why Now?

Nickel Production and Consumption at All-Time Record High in 2012 Laterite vs Sulphide Laterite Production Surpassed Sulphide Nickel for First Time in 2009 Sulphide Nickel Deposits Currently Only 30% of Global Reserves Emerging Market Infrastructure and Pipeline Boom to Fuel Demand China Faces Export Ban from Largest Supplier in 2014

Upcoming Milestones

2013 resource definition drilling program $4-5M. Expand historical and new high grade zones Pursue 36 new targets of favorable geophysical response Proceed with a metallurgical bench test Plan on releasing a NI 43-101 resource report The downside is we will be successful the upside can be extraordinary!

Investment Summary

Sulphide nickel focus, expert advisors and large strategic partner Tightly capitalized with insiders controlling 80.4% of shares Nearing Advanced-stage project in pro-mining jurisdiction – excellent logistics Extensive database and over $20 million in validated prior work and drilling New protocols expand historical assays, widths and PGE+Au mineralization Low risk update historical resource, new wide-spread high-grade targets

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January 15th, 2013

Contact Information

Phillip Mudry, President & CEO FreeForm Communications Inc. info@freeformcom.com - 604.288.7222 604.609.6182 www.nickelnorth.com invest@nickelnorth.com

Suite 300 Guinness Tower 1055 West Hastings Street Vancouver, British Columbia V6E 2E9