Mr. Bruce Reid reports

55 NORTH MINING ANNOUNCES FLOW-THROUGH FINANCING

55 North Mining Inc. intends to complete a non-brokered flow-through private placement. The private placement is expected to close on or about Feb. 26, 2026, subject to customary closing conditions and regulatory approvals.

The company intends to issue 1,596,000 flow-through (FT) common shares at a price of 74.5 cents per FT share for aggregate gross proceeds of approximately $1,189,020.

The FT shares will entitle the holder to receive the tax benefits applicable to flow-through shares, in accordance with the provisions of the Income Tax Act (Canada). No warrants are being issued in connection with the private placement. All securities issued pursuant to the private placement will be subject to a four-month hold period.

The gross proceeds raised from the private placement will be used to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures for purposes of the Income Tax Act (Canada), related to the exploration of the company's Last Hope gold project.

In addition, the company confirms that exploration drilling activities are under way, with one drill rig currently operating on the Last Hope gold project. A more detailed operational update will be provided in a subsequent news release.

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.