Nordic Nickel Limited announced its maiden Mineral Resource Estimate (MRE) for the Hotinvaara Prospect (Hotinvaara) at its flagship 100% owned Pulju Nickel Project (Pulju, or the Project) in Finland. Pulju is located in the Central Lapland Greenstone Belt (CLGB) of Finland, 50km north of Kittilä with access to world class infrastructure, grid power, national highway, international airport and, most importantly, Europe's only two nickel smelters. The municipality of Kittilä also hosts western Europe's largest gold mine, Suurikuusikko, operated by Agnico Eagle.

The known nickel mineralisation in the CLGB is typically associated with ultramafic cumulate and komatiitic rocks with high-grade, massive sulphide lenses and veins enveloped by very large, lower grade disseminated nickel near surface. The disseminated nickel at Pulju is widespread, but the known massive sulphides will be the primary target for the upcoming drill campaign at Hotinvaara. Pulju's maiden MRE of 133.61Mt @ 0.21% Ni, in addition to its revised Exploration Target of 275- 415Mt @ 0.17-0.25% Ni and 76-114ppm Co for 459-1,032kt contained Ni and 21-47kt contained Co, is based only on the potential of the near-surface disseminated mineralisation.

The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource for the Exploration Target. Importantly, the Exploration Target is limited solely to the extent of the Hotinvaara exploration licence area, representing just 5km2 of Nordic's total prospective project area of 395km2 at Pulju.

Locatio: The Project area has few permanent inhabitants and most of the land is owned by Metsähallitus (Forestry Office, Finnish Government). Pulju is located 195km from Boliden's Kevitsa Ni, Cu, Au-PGE mine and 9.5Mtpa processing plant in Sodankyla, Finland. Kevitsa provides feed for the 19ktpa Harjavalta smelter which is approximately 950km to the south and processes concentrate from Kevitsa's low grade disseminated nickel sulphide ore (Resource Ni grade ~0.21%).

Europe's only other smelter is Terrafame's 37ktpa Sotkamo smelter which is located 560km from Pulju. Exploration History and Tenure: The claim history of Pulju started with Outokumpu Mining Oy (Outokumpu), a Finnish state-owned mining company, in 1979. Outokumpu drilled ~10,000m (51 holes) at Hotinvaara between 1985-1998 with the majority of these drill holes shallow (<300m) as the company was focused solely on open pit nickel projects at that time.

Many holes at Hotinvaara ended in ultramafic cumulates with disseminated Ni-sulphides. Importantly, the highly prospective base of the ultramafic cumulate sequence was never reached by the historic drilling. The basal contact is where high-grade Sakatti-style Ni-Cu deposits have the potential to be located and this contact will be a primary focus of NNL's maiden drilling program.

In addition, several large, as yet untested EM conductors have been identified within and below the disseminated mineralisation and will also be tested as part of the maiden drilling program. The Pulju Project area consists of one granted Exploration Licence (EL) and seven EL applications together covering a total area of 98.09km2. A granted exploration reservation area covering approximately 323km2 surrounds and overlaps the licences.

The reservation area provides Nordic with exclusive rights to submit further Exploration Licence applications. In total, the Pulju Project area covers 395 km2 and all licences are 100% owned by NNL. Mineral Resource Estimate: Nordic has undertaken an extensive analysis of the historic pulps and newly sampled core at Hotinvaara using comprehensive QAQC to check the accuracy of the historical assays, and this has formed the basis for the maiden MRE.

The Hotinvaara exploration licence contains a JORC (2012) Mineral Resource Estimate of 133.61Mt @ 0.21% Ni, 95ppm Co and 57ppm Cu for 278,530t of contained Ni, 12,650t Co and 7,620t Cu. Resource estimation has been based on a conventional 3D block model, with estimated grades of Ni, Co and Cu. Nickel is reported as total nickel (nickel derived from both silicate and sulphide minerals).

These resources are considered as potentially amenable to open-pit mining. The mineralised zone reflects NE-SW trending mineralised cumulate lenses. A series of wireframe models were interpreted for Ni-mineralised zones, based on a cut-off of 1,500ppm Ni.

A volumetric block was generated, using parent block sizes of 20m x 20m x 10m. The overall extent of the mineralised zones covers a strike length of approximately 1,700m, an overall width of 1,900m and maximum depth of 500m. The evaluation work was carried out and prepared in accordance with the JORC Code (2012).