File: Attachment Press Release - Jan 26 2026 Grant of Incentive Stock Options.pdf

TSX Venture Exchange Symbol FNR January 27, 2026

49 NORTH RESOURCES INC. GRANTS INCENTIVE STOCK OPTIONS

SASKATOON, SASKATCHEWAN - 49 North Resources Inc. ("49 North" or the "Company") (TSXV: FNR) has approved the grant of 2,300,000 stock options pursuant to the Company's Stock Option Plan. 1,200,000 of the options were granted to directors and executive officers, with the balance granted to consultants. The options are exercisable at $0.05 per share and, if not exercised, expire January 26, 2036, subject to earlier expiration in accordance with the Stock Option Plan and the applicable policies of the TSX Venture Exchange.

49 North is a natural-resource-focused investment company. The Company's diversified portfolio of assets includes investments in a wide range of natural resource companies and projects.

For more information contact:

49 North Resources Inc. Tom MacNeill President and Chief Executive Officer 306-653-2692 or ir@fnr.ca.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.