Mr. Tom MacNeill reports

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

49 North Resources Inc. has released the results of its annual and special meeting of shareholders held on July 22, 2026.

At the meeting, shareholders elected Tom MacNeill, Andrew Davidson, Andrew Cook and Sylvain Laberge as directors of the company. Shareholders also reappointed Kenway Mack Slusarchuk Stewart LLP as auditor of the company and authorized the directors to fix its remuneration, approved the continuation of the company's stock option plan, and approved a special resolution authorizing 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.

The company is not proceeding with a share consolidation at this time. The board of directors and management will determine the necessity (including whether a consolidation is needed at all) and timing of any future consolidation.

The shareholders of the company showed strong support for the matters brought before the meeting, with all resolutions passing with support of at least 98 per cent of the votes cast. The company is proceeding to apply for TSX Venture Exchange acceptance of the stock option plan.

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