Nordic Nickel Limited rigorous and thorough selection process, it has been selected to participate in the inaugural BHP Xplor Program, which will assist the Company to advance its exploration plans at its Pulju Nickel Project in northern Finland. BHP Xplor is a cohort-based accelerator program designed to support early-stage mineral exploration start-ups to find critical resources, such as copper and nickel, required to drive the global energy transition. BHP Xplor merges concepts from both venture-capital and early-stage accelerators, to establish a fit-for-purpose exploration portfolio of innovative, early-stage mineral exploration companies and helps drive their exploration campaigns.

The program provides candidates with a one-off, non- dilutive grant of USD 500,000, together with in-kind services, mentorship, networking opportunities with industry and investors and connections. The grant is once off and there are no obligations or commitments on Nordic Nickel beyond the conclusion of the Xplor Program. The Xplor Program is designed to create disruptive results in copper and nickel exploration by identifying new concepts, leveraging new data and testing opportunities at a much faster pace than discoveries to date.

Nordic intends to use this additional USD 500,000 during its recently commenced 2023 drill program to fund a number of deeper holes to test the known EM targets that appear to be located near the base of the ultramafic cumulate layer at the Hotinvaara nickel Prospect, for "Sakatti-style" massive sulphide accumulations.