Mr. Dave Webb reports

SIXTY NORTH GOLD ANNOUNCES DEBT SETTLEMENTS

Sixty North Gold Mining Ltd. has arranged debt settlements with certain officers and directors of the company to settle a total of $105,000 in indebtedness for accrued management and consulting fees from the period from March 1, 2025, to Sept. 30, 2025, to be settled by the issuance and delivery of a total of 954,543 common shares of the company at a deemed value of 11 cents per share. GST on the outstanding amounts will be paid in cash by the company. The shares will be subject to resale restrictions for a period of four months and a day from their date of issuance.

Debt settlements with directors and officers of the company constitute related-party transactions for the purposes of Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company intends to rely on the exemption from the formal valuation requirement in MI 61-101 provided under Section 5.5(b) on the basis that the company's shares are not listed on any of the specified markets listed in MI 61-101. The debt settlements are also exempt from the majority of the minority approval requirement in MI 61-101 under Section 5.7(1)(a) on the basis that the fair market value of the debt settlements is less than 25 per cent of the company's market capitalization.

About Sixty North Gold Mining Ltd.

Sixty North is developing mining operations for gold on its 100-per-cent-owned Mon gold project, which 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+). The North Ramp has been reopened and has been extended to the target portion of the vein. The company plans to develop stopes in the East Limb, West Limb and DD zone to extract and to feed a 100-tonne-per-day gravity flotation mill.

Additional gold, silver and base metal targets occur on the property, and will be explored and developed as warranted.

The Yellowknife gold camp hosts two mines that averaged 30 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 g/t or better for a total production of over 14 million ounces of gold (Con mine and Giant mine) (refer to company technical report NI 43-101, Aug. 3, 2023).

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

We seek Safe Harbor.