Mr. Tom MacNeill reports

49 NORTH RESOURCES INC. ANNOUNCES ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS

49 North Resources Inc.'s annual and special meeting of shareholders will be held at McKercher LLP, 500, 211 19th St. East, Saskatoon, Sask, on Wednesday, July 22, 2026, commencing at 2 p.m. (Central Standard Time).

At the meeting, shareholders will be asked to consider the annual business of the company, including receiving the audited financial statements for the years ended Dec. 31, 2024 and Dec. 31, 2025, electing directors, appointing auditors and approving the continuation of the company's existing stock option plan. Shareholders will also be asked to consider and, if deemed advisable, approve a special resolution authorizing the board of directors, in its discretion, to complete a consolidation of the company's issued and outstanding common shares on the basis of up to 10 preconsolidation common shares for one postconsolidation common share, or such lesser ratio as may be determined by the board.

Any consolidation remains subject to acceptance by the TSX Venture Exchange and the board may determine not to proceed even if shareholder approval is obtained.

The materials for the meeting, including the management information circular, which sets out in detail the annual and special items proposed for shareholder approval at the meeting, have been distributed to shareholders and can also be found at the company's profile on SEDAR+ or at the company's website.

49 North is a Saskatchewan-based resource investment company. Its diversified portfolio includes investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies.