Mr. George Richardson reports

GEORGE DAVID RICHARDSON FILES EARLY WARNING REPORT ACQUISITION

Effective on June 2, 2023, George David Richardson acquired ownership, indirectly through Countryman Investments Ltd., a company wholly owned by Mr. Richardson, of 1,378,125 units of Sixty North Gold Mining Ltd. at a price of 12 cents per unit for gross proceeds of $165,375 pursuant to a private placement. Each Unit consists of one common share (each, a "Share") and one share purchase warrant (each, a "Warrant"). Each Warrant is exercisable into one additional Share (each, a "Warrant Share") at an exercise price of $0.18 per Warrant Share for a period of two years from the closing of the private placement.

The Shares issued in the Transaction and the Warrant Shares that would be issued on exercise of the Warrants, combined with the 1,516,900 Shares the Acquiror owned and controlled directly and indirectly and the 1,150,000 Shares that may be issued on exercise of stock options and share purchase warrants that the Acquiror owned and controlled directly and indirectly, prior to the Transaction, resulted in the Acquiror owning 5,423,150 Shares representing 21.3% of the Shares of the Company based on 22,967,671 Shares issued and outstanding on a partially diluted basis.

Prior the Transaction, the Acquiror directly and indirectly owned and controlled an aggregate of:

1,516,900 Shares held indirectly through Countryman,

900,000 Shares issuable on exercise of Warrants held indirectly through Countryman,

50,000 Shares issued on exercise of stock options held directly, and

200,000 Shares issued on exercise of stock options held indirectly through Countryman,

which represented 7.0% of the 21,589,546 issued and outstanding Shares as of June 1, 2023, the date prior to the issuance of the Units on a non-diluted basis.

If the Acquiror were to exercise the share purchase warrants and the stock options, the Acquiror would directly and indirectly own and control 2,666,900 Shares or 11.7% of the issued and outstanding Shares calculated on a partially-diluted basis.

Following the Transaction, the Acquiror directly and indirectly owns and controls an aggregate of:

2,895,025 Shares held indirectly through Countryman,

2,278,125 Shares issuable on exercise of Warrants held indirectly through Countryman,

50,000 Shares issued on exercise of stock options held directly, and

200,000 Shares issued on exercise of stock options held indirectly through Countryman,

which represents 12.6% of the 22,967,671 issued and outstanding Shares as of June 2, 2023, the date of the issuance of the Units, on a non-diluted basis. If the Acquiror were to exercise the Warrants and the stock options, the Acquiror would directly and indirectly own and control 5,423,150 Shares or 21.3% of the issued and outstanding Shares calculated on a partially-diluted basis.

The Acquiror has filed an Early Warning Report pursuant to National Instrument 62-103F1 The Early Warning System and Related Take-Over Bid and Insider Reporting Issues describing the above transaction with the applicable securities regulatory authorities. A copy of the Early Warning Report is available on SEDAR at www.sedar.com under the profile of the Company.