Mr. Bruce Reid reports

55 NORTH MINING INC. ANNOUNCES NON-BROKERED PRIVATE PLACEMENT FINANCING

55 North Mining Inc. intends to complete a non-brokered private placement financing of up to 12 million common shares of the company at a price of 50 cents per share for gross proceeds of up to $6-million.

The offering will not include any warrant component. The company has obtained price protection from the Canadian Securities Exchange for the offering at 50 cents per share. 55 North Mining intends to close the offering on or about Oct. 15, 2025, subject to customary closing conditions and receipt of all required approvals, including from the CSE.

Use of proceeds

Proceeds from the offering will be used to finance the commencement of a drilling program and for general working capital and corporate overhead.

The company currently has approximately 24.5 million common shares issued and outstanding. Upon completion of the offering and assuming the maximum 12 million shares are issued, the company would have approximately 36.5 million common shares outstanding.

About 55 North Mining Inc.

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

We seek Safe Harbor.