Mr. Dave Webb reports

SIXTY NORTH GOLD CREWS AND EQUIPMENT MOBILIZED TO MON GOLD MINE, NWT

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.

Substantially all of the company's equipment has successfully been mobilized to Yellowknife, or is being prepared for shipment from Edmonton to Yellowknife including the mill, excavators, bulldozers, camp, steel, lumber, fuel and miscellaneous supplies. In total, the company estimates that more than 300,000 kilograms of supplies will have been brought into the mine site before the winter road access ends in late March or early April. The company is within its budgeted expenditures to date but anticipate some items such as fuel costs to exceed its initial budget amounts.

Dave Webb, president and chief executive officer, reports: "Our mill, the last major piece of equipment needed to commence production, landed in Canada from China and was transported to Edmonton by rail. It is being loaded on trucks this week for the two-day transport to Yellowknife. Sixty North Gold continues to move the Mon gold mine towards production again and plans to mine and stockpile mill feed a few weeks before our mill is ready for commissioning at its 100 tpd design rate. We plan to extract gold-bearing vein material from four stopes developed on the second level, below the historic stopes that produced at an average gold grade of 30 gpt. The company plans to continue development to depth."

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 below the historic stopes. A newly discovered zone, the DD-Zone is exposed 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-(iron-oxide-copper-gold)-style mineralization will be explored and developed as warranted.

The Yellowknife gold camp hosts two mines that averaged 30 grams per tonne gold or greater (Discovery mine with one million ounces of gold produced, and Sixty North Gold's Mon mine), and two that averaged 15 grams per tonne or greater for a total production of over 14 million ounces of gold (Con mine and Giant mine); (reference company technical report National Instrument 43-101, Aug. 3, 2023). The Yellowknife gold belt is an historic gold producer and has the people and experience to bring this Archean gold belt back to life.

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

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