Mr. Dave Webb reports

SIXTY NORTH GOLD ANNOUNCES TWO NEW BOARD MEMBERS AND OPTION GRANTS

Sixty North Gold Mining Ltd. has welcomed two additional members to its board of directors, expanding the board's capacity as it moves toward production at its 100-per-cent-owned gold mine in Yellowknife, NWT.

Daniel Martin is an independent businessman who most recently spent 15 years in investment banking with a national Canadian Investment Regulatory Organization member investment dealer, where he held progressively senior roles focused on structured finance and mergers and acquisitions advisory in the Canadian natural resource sector. He has advised public and private companies, lenders, and investors on a broad range of capital market and strategic transactions across oil and gas and mining, and brings a disciplined, investor-focused perspective to board oversight and capital allocation. Mr. Martin holds a BSc from the University of Calgary and is a CFA charterholder. He is based in Calgary, Alta.

Michelle Legat, PGeo, is a geoscience executive with over 17 years of experience across the mining and energy sectors, specializing in the integration of traditional geology with advanced digital and artificial-intelligence-driven technologies. She is currently senior vice-president, geosciences, at GeologicAI, where she leads a multidisciplinary team of geologists and quality control professionals delivering machine-learning-enabled geological solutions that optimize exploration and production decisions for mining clients. Previously, Ms. Legat has held senior technical and operational roles, where she led large-scale core programs and acted as the primary technical liaison for senior stakeholders. She holds a degree in geology from the University of Victoria and has been a registered professional geologist (PGeo) in good standing since 2011.

Dave Webb, president and chief executive officer, reported: "Daniel and Michelle bring additional depth to our board as we look to restart the Mon gold mine, bringing gold mining back to Yellowknife. Our project is built on many decades of science focusing on discovering and developing some of the highest-grade gold mines in Canada. We have assiduously avoided gold deposits that may have problematic chemistries while focusing on the low-sulphide free-milling deposits like the Mon and Discovery mines. Daniel and Michelle supplement the technical, business and financial breadth of the company."

The company has also granted incentive stock options to its directors, officers and consultants to purchase a total of up to 1,537,500 common shares of the company at an exercise price of 30 cents per share until Jan. 5, 2031. The options are not subject to vesting provisions.

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+). Underground development has intersected the A-zone 17 metres below the historic stopes. The company plans to develop and mine stopes in the East Limb, West Limb and DD zone.

The silver-rich volcanogenic massive sulphide deposits, the large shear-zone-hosted gold targets and the critical-element-enriched 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 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.

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