55 North Mining Inc. announced that it has mobilized a diamond drill rig at its high-grade Last Hope Gold Project in northern Manitoba, as it begins its first exploration program on the property. The fully funded $2.5 million (15,000 metres) diamond drill program is designed to: a) upgrade and expand the existing resource estimate (at a 3 g/t cut-off: Indicated: 154,060 tonnes grading 6.75 g/t for 33,458 ozs, Inferred: 872,977 tonnes grading 5.91 g/t for 165,812 ozs), and to b) drill two potential parallel mineralized structures similar to that hosting the current resource estimate. Approximately one half (7,500 metres) of the budgeted drill program will potentially upgrade and expand the existing resource area. Drilling will focus on lower drillhole density areas, and on the down plunge extensions of the two existing high-grade ore shoots. IP geophysics has identified two geophysical anomalies coincident with gold-in-soil anomalies, east of the current resource area. This could be indicative of parallel potential mineralized structures similar to the structure hosting the current resource estimate. Significantly, these potential mineralized structures are located upon topographical highs. 55 North plans to drill approximately 7,500 metres on these two drill targets. The technical information in this press release has been reviewed and approved by Peter Karelse P.Geo., Vice-President of Exploration of 55 North, who is a Qualified Person as defined by NI 43-101. Mr. Karelse has more than 30 years of experience in exploration and development.