Mr. Dave Webb reports

SIXTY NORTH GOLD ANNOUNCES A NON-BROKERED PRIVATE PLACEMENT TO RAISE UP TO $1.5 MILLION

Sixty North Gold Mining Ltd. has arranged a non-brokered private placement to raise $1.5-million for the Mon gold mine and general corporate purposes.

Sixty North Gold announces that, subject to exchange approval, it is raising up to $1.5-million by selling up to 12.5 million units at 12 cents per unit. Each unit will consist of one common share of the company and one non-transferable share purchase warrant. Each warrant will entitle the holder to purchase one additional share of the company at a price of 18 cents per share for a period of two years, provided that if the closing market price for the issuer's shares on the Canadian Securities Exchange (CSE) is greater than 28 cents per share for a period of 10 consecutive trading days, then the company may deliver a notice to the warrantholders notifying such holders that the warrants must be exercised within 30 days from the date of delivery of such notice, otherwise the warrants will expire at 4 p.m. Vancouver time on the 31st day after the date of delivery of the notice. The securities will be subject to a hold period prohibiting resale for four months and a day from the date of closing. The terms of the offering are subject to satisfactory notice to the CSE.

The offering will take place by way of a private placement to qualified investors in all of the provinces of Canada. Canadian subscribers must be accredited investors (as that term is defined in National Instrument 45-106, Prospectus and Registration Exemptions, or otherwise qualified to invest under NI 45-106. Subscribers from international jurisdictions and accredited investors in the United States (as that term is defined under applicable U.S. securities legislation) may also participate subject to applicable local securities laws. On the closing date, the company will pay to registered broker dealer finders a cash fee of up to 10 per cent of the gross proceeds from the sale of the units, and shall issue to the finders, warrants to purchase shares equal to 10 per cent of the units sold by each finder. The finder warrants shall have the same terms as the warrants.

About Sixty North Gold Mining Ltd.

The company is developing mining operations for gold on the Mon gold property, 40 kilometres north of Yellowknife, NWT. Past production extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold. The north ramp has been reopened and has been extended to within 60 metres of the target portion of the vein. The company plans to extend the ramp to where some high-grade historic holes intersected the vein beneath the previously mined stopes. The plan is to install crosscuts and raises within the vein to extract and stockpile the vein material on surface. Upon confirmation of the grade and tonnage later this year, a permitted mill will be brought in to process this and continuing mined material.

The Mon gold property mining leases and mineral claims are located 45 kilometres north of the city of Yellowknife, NWT.

We seek Safe Harbor.