Ms. Sophy Cesar reports

CANADIAN NORTH RESOURCES INC. ANNOUNCES MARKET AWARENESS PROGRAM

Canadian North Resources Inc. has engaged Outside The Box Capital Inc. (OTB) to perform market awareness and marketing services for an initial term of six months. The nature of the services to be provided by OTB include, but are not limited to, marketing services to communicate to the financial community information about the company.

In addition to a fee of $103,400, plus applicable taxes, the company has granted OTB an option to purchase an aggregate total of 32,825 common shares of the company at an exercise price of $3.15 per share, which option shall be for a period of 12 months and shall vest and be exercisable in four equal tranches, quarterly over a 12-month period. Except for the foregoing option, OTB is not related to the company and has no interest, directly or indirectly, in the company or its securities.

OTB is a marketing services firm headquartered in Oakville, Ont., Canada, that has been in business for three years.

About Canadian North Resources Inc.

Canadian North is an exploration and development company focusing on the critical metals for the clean energy, electric vehicles, battery and high-tech industries. The company is advancing its 100-per-cent-owned Ferguson Lake nickel, copper, cobalt, palladium and platinum project that covers an area of 253.8 square kilometres of mining leases (96.9 square kilometres) and surrounding exploration claims (156.9 square kilometres) in the Kivalliq region of Nunavut, Canada.

The Ferguson Lake mining property contains substantial resources in compliance with National Instrument 43-101 standards, which include indicated mineral resources of 24.3 million tonnes containing 455 million pounds (lb) copper at 0.85 per cent, 321 million lb nickel at 0.60 per cent, 37.5 million lb cobalt at 0.07 per cent, 1.08 million ounces (oz) palladium at 1.38 grams per tonne (g/t) and 180,000 oz platinum at 0.23 g/t; inferred mineral resources of 47.2 million tonnes containing 947 million lb copper at 0.91 per cent, 551.5 million lb nickel at 0.53 per cent, 62.4 million lb cobalt at 0.06 per cent, 2.12 million oz palladium at 1.4 g/t and 380,000 oz platinum at 0.25 g/t. The resource model indicates significant potential for resource expansion along strike and at depth over the 15-kilometre-long mineralized belt. (Refer to "Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut, Canada," prepared by Ronacher McKenzie Geoscience Inc. and Francis Minerals Ltd., and filed by the company to SEDAR+ on July 13, 2022.) In addition, the company has identified the pegmatites with lithium potential at the Ferguson Lake project.

We seek Safe Harbor.