Mr. Tom MacNeill reports

49 NORTH RESOURCES INC. RIGHTS OFFERING - IMPORTANT DETAILS AND DEADLINES

49 North Resources Inc. has reminded holders of the company's outstanding rights of upcoming deadlines and important details respecting the rights offering previously announced Sept. 8, 2014.

Important reminders:

• Rights expire at 5 p.m. Saskatoon time Oct. 28, 2014;
• You must take action to exercise or trade your rights;
• Rights can be bought or sold publicly on the TSX Venture Exchange -- symbol FNR.RT;
• Rights will trade for cash settlement only for the three days prior to expiry beginning Oct. 23, 2014;
• Four rights plus the sum of 30 cents entitles the holder to subscribe for one unit of the company, each of which comprises one 49 North common share and one common share purchase warrant;
• Each warrant entitles the holder to purchase an additional common share at a price of 50 cents per common share for a two-year period starting Oct. 29, 2015.

49 North management wants to ensure that you have a chance to participate in the potential upside of the activities outlined in the company's news release dated Sept. 25, 2014, as the rights offering is designed to support the goals set out in that news release.

Use of proceeds:

• Completion of a water disposal well and tying in the wells to natural gas at the company's Riverside oil field to potentially increase netbacks by $25 to $30 per barrel;
• Completing a 20-ton CO2 frac at one of the company's wells, potentially increasing field production by as much as 40 per cent;
• Initiating production in a selection of the company's standing wells at Riverside and Red Pheasant;
• Initiating the first horizontal multistage frac wells at Riverside, potentially unlocking the true value of this field.

Shareholders of record on Sept. 19, 2014, received, either by mail or deposited to your brokerage account, information respecting their rights and the rights offering. Please see the company's rights offering circular dated Sept. 5, 2014, for complete details respecting the rights offering. If you have not received information regarding the rights offering please contact your broker or the company's office for details.

Management would like to thank you for your support during what has been a very challenging resource investment climate. 49 North has been able to move forward even with the capital market headwind of the last four years and is now poised to capitalize on two very promising oil fields in southwestern Saskatchewan. A small investment through the exercise of your Rights can go a long way toward achieving these near-term goals. The company's horizon is looking much brighter -- you can be an integral part of shaping the future of 49 North.

We seek Safe Harbor.