Mr. Bruce Reid reports

55 NORTH MINING INC. ANNOUNCES CONSOLIDATION OF SHARES

Subject to regulatory approval, 55 North Mining Inc. intends to effect a consolidation of the company's issued and outstanding common shares on the basis of 12.5 existing shares for one new share.

The company currently has 306,846,234 shares issued and outstanding on a preconsolidation basis. Following the proposed consolidation, the company will have approximately 24,547,698 shares issued and outstanding, on a postconsolidation basis, subject to rounding.

No fractional shares will be issued as a result of the consolidation. Any fractional interest in shares resulting from the consolidation will be rounded up to the nearest whole share.

The company's outstanding incentive stock options and warrants will be adjusted on the same one-for-12.5 basis to reflect the consolidation, with proportionate adjustments made to the exercise prices.

The record date for the consolidation will be Oct. 3, 2025, subject to the approval of the Canadian Securities Exchange. The consolidation will be effective on the record date, and the postconsolidation shares are expected to begin trading on the Canadian Securities Exchange on or around the same date. The company has obtained a new Cusip (31680F405) and ISIN (CA31680F4050) in connection with the consolidation.

The company's name and trading symbols will remain unchanged.

Registered shareholders on record as of Aug. 1, 2025, received a letter of transmittal along with shareholder meeting materials, which were mailed on Aug. 15, 2025. The letter of transmittal provides shareholder with instructions on how to exchange their share certificates. Non-registered shareholders holding shares through a brokerage account will have their positions adjusted automatically.

About 55 North Mining Inc.

55 North is an exploration and development company advancing its high-grade Last Hope gold project located in Manitoba, Canada.

We seek Safe Harbor.