Mr. Dave Webb reports

SIXTY NORTH GOLD MINING ANNOUNCES A UNIT OFFERING

Sixty North Gold Mining Ltd. proposes to complete a non-brokered private placement of up to 13.8 million units at an offering price of five cents per unit, to raise gross proceeds of up to $690,000. Each unit will consist of one common share of the company and one non-transferable share purchase warrant. Each warrant will be exercisable to acquire one additional common share at an exercise price of eight cents per share for a period of one year from the date of closing of the offering, provided that, if the closing market price for the issuer's common shares on the Canadian Securities Exchange (CSE) is greater than 16 cents per share for a period of 10 consecutive trading days, then the company may deliver a notice to the purchaser notifying such purchaser 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 terms of the offering are subject to satisfactory notice to the Canadian Securities Exchange. The company may pay finders' fees in connection with this placement of 10.0 per cent of the gross proceeds raised by an arm's-length finder.

The net proceeds from the offering will be used to finance claim maintenance, continued exploration and development of the company's properties, as well as general corporate purposes.

Dr. D.R. Webb, PhD, PGeol, PEng, is the qualified person within the meaning of National Instrument 43-101 and is responsible for the technical details of this release.

About Sixty North Gold Mining Ltd.

Sixty North is developing mining operations for gold on its 100-per-cent-owned Mon gold property, 40 kilometres north of Yellowknife, Northwest Territories. Past production extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold in the 1990s (NI 43-101, August, 2023). There is a discrepancy between the reconciled production grade (30.7 grams per tonne), and the grade reported for royalty and tax purposes (10.02 g/t). The former reconciles tailings grade and recoveries, and matches sample grades completed by the company, whereas the latter figure is unsupported. The North ramp has been reopened and has been extended to within 60 m 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, a permitted mill will be brought in to process this and continuing mined material.

The property also hosts an outcropping precious-metals-rich VMS (volcanogenic massive sulphide) showing, and has four modelled geophysical targets along strike within felsic tuffs, lithic and lapilli tuffs. There are plans to drill these when it is appropriate.

We seek Safe Harbor.