Mr. Tom MacNeill reports

49 NORTH RESOURCES INC. ANNOUNCES GRANT OF STOCK OPTIONS

49 North Resources Inc. has approved the grant of 2.25 million stock options pursuant to the company's 2008 stock option plan. A total of 1.5 million of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at 10 cents per share and, if not exercised, expire Aug. 23, 2026, subject to earlier expiration in accordance with the 2008 stock option plan and the applicable policies of the TSX Venture Exchange.

49 North is a Saskatchewan-focused resource investment company. 49 North's diversified portfolio of assets includes investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.