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55 North Mining Inc. Capital/Financing Update 2021

Apr 20, 2021

46527_rns_2021-04-20_af20ddd2-c9dd-4569-ae77-5848b54efd55.pdf

Capital/Financing Update

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55 North Mining Inc. Grants Options

Toronto, Ontario - April 20, 2021 - 55 North Mining Inc. (“ 55 North ” or the “ Company ”) announces the issuance of 9,100,000 stock options with an exercise price of CAD$0.15 per share for the purchase of up to 9,100,000 shares of the Company, expiring April 20, 2026. The stock options are being issued to directors, officers, consultants, and employees of the Company and are subject to approval by regulatory authorities.

About 55 North Mining Inc.

55 North Mining Inc. is an exploration and development company advancing its high-grade Last Hope Gold Project located near Lynn Lake in Manitoba, Canada.

FOR FURTHER INFORMATION, PLEASE CONTACT:

Mr. Bruce Reid Chief Executive Officer, Director 55 North Mining Inc. [email protected]

CAUTION REGARDING FORWARD-LOOKING INFORMATION

This news release of 55 North contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements.