Dr. Dave Webb reports

SIXTY NORTH GOLD PROVIDES PROJECT UPDATE ON WINTER ROAD TO MON GOLD MINE

Sixty North Gold Mining Ltd. has provided an update on its plan to commence gold production this year on its wholly owned Mon gold mine, Yellowknife, NWT.

Sixty North Gold has been informed that construction of the southern half of the winter road has commenced from Highway 4, 20 kilometres (km) east of Yellowknife, northward across Prosperous Lake for a total extent of approximately 15 km. The balance of the road to the Mon gold mine site (approximately 30 kilometres (km) farther north) will be installed and managed by Matrix commencing next month. A total of 19 truckloads of supplies, including the 100-tonne-per-day mill, will be hauled to site in February and March.

Matrix was founded in Yellowknife and has over 25 years of experience running projects in some of the world's most remote and challenging environments (as well as some projects closer to home). With a focus on mining and construction, Matrix provides world-class camps, personnel, logistics, project management and mechanical services. Matrix is committed to providing safe, reliable and cost-effective solutions, making it the ideal partner on the Sixty North Mon gold project.

The company plans to commence assembly of the mill in late April, with initial commissioning of the mill in June and July. It plans to operate this 100 tpd mill 24/7, treating material extracted from the second level of the A zone vein below the historic stopes. The DD zone will be evaluated for potential stope development and the company plans to extend the main ramp to the third level.

Dave Webb comments: "We are very pleased with progress this winter. The installation of the winter road is an important part of our operations. Cold weather with limited snow is creating thick ice, enabling faster and stronger roads to be constructed. Our plans are to get the mill operating as expeditiously as possible."

About Sixty North Gold Mining Ltd.

Sixty North Gold is developing mining operations for gold on its 100-per-cent-owned Mon gold project. Mining in the 1990s 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 (company technical report, National Instrument 43-101, Aug. 3, 2023, on SEDAR+). Recently, underground development has intersected the productive A zone 17 metres (m) below the historic stopes, as well as a newly identified zone, the DD zone, in the main ramp. The company plans to develop and mine stopes in the east limb, west limb and DD zone, and to extend the ramp to allow for the development of deeper levels.

The silver-rich VMS (volcanogenic massive sulphide) deposits, the large shear zone-hosted gold targets and the critical-element-enriched IOCG-style (iron ore, copper and gold) mineralization will be explored and developed as warranted.

The Yellowknife gold camp hosts two mines that averaged 30 gpt (grams per tonne) gold or better (Discovery mine with one million ounces of gold produced and Sixty North Gold's Mon mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con mine and Giant mine) (company technical report, NI 43-101, Aug. 3, 2023).

The technical content of this news release has been reviewed and approved by Dr. D.R. Webb, PGeol, PEng, president and chief executive officer of Sixty North Gold Mines.

We seek Safe Harbor.