Mr. Bruce Reid reports

55 NORTH MINING TO INITIATE LIDAR SURVEY AND WINTER DRILLING AT LAST HOPE GOLD PROJECT

55 North Mining Inc. will commence a detailed lidar (light detection and ranging) survey over its wholly owned Last Hope gold project in Manitoba.

The airborne lidar (light detection and ranging) survey commenced on Oct. 16, 2025, and will provide high-resolution topographic data across the project area. The data will enable the company to refine geological interpretations, optimize drill targeting, and support upcoming winter access and logistics planning. Lidar technology uses pulsed laser light from aircraft, drones or ground-based systems to capture precise 3-D representations of the terrain and surface features. When combined with existing geological and geophysical data sets, this information allows for highly accurate planning of drill hole locations and a better understanding of structural controls on mineralization.

The company intends to initially drill eight fences of two holes per fence, spaced at nominal 120-metre centres to expand the known mineralized footprint and to test for potential extensions along strike. Drilling is expected to advance at a rate of six to eight holes per month, with the first phase winter operations scheduled to conclude by late March, 2026. The company estimates all-in drilling costs of approximately $250 per metre, inclusive of all mobilization, supervision, assay and logistical costs.

Bruce Reid, chief executive officer of 55 North Mining, commented: "This lidar program is a key step in positioning us for an efficient and well-targeted winter drill campaign. The enhanced topographic detail will help us identify subtle geological features that may control gold mineralization. Our focus this winter is to extend known zones and continue building the scale of the Last Hope system with a disciplined, data-driven approach."

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.

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