Dr. Harlan Meade reports

COPPER NORTH ANNOUNCES $1,000,000 NON-BROKERED PRIVATE PLACEMENT OFFERING

Copper North Mining Corp. has arranged a non-brokered private placement offering to sell up to 2,307,692 flow-through shares at a price of 13 cents per common share and 6,363,636 common share units at price of 11 cents per common share to raise gross proceeds of up to $1-million.

The gross proceeds from the issue of the flow-through shares (as defined in the Income Tax Act (Canada)) included in the flow-through shares will be used as a qualifying flow-through mining expenditure (as defined in Tax Act) related to the company's exploration project. The company intends to renounce Canadian exploration expenses (as defined in the Tax Act) with an effective date of no later than Dec. 31, 2016.

Each common share unit consists of one common share and one-half of a non-transferable share purchase warrant. Each whole warrant entitles the holder thereof to acquire one common share at a price of 16 cents per common share for a period of 24 months following the closing of the offering. Warrants will not be listed for trading. The proceeds from the issue of the common share units will be used for working capital purposes.

The net proceeds of the flow-through shares of the offering will be used for the drilling, exploration and development activities of the company's Thor property and the expansion of Carmacks copper to prefeasibility level. The net proceeds of the common share units will be used for general working capital purposes.

Closing of the offering is anticipated to occur on or before Dec. 16, 2016, and is subject to receipt of applicable regulatory approvals, including approval of the TSX Venture Exchange. All securities will be subject to a four-month hold.

We seek Safe Harbor.