Canadian North Resources Inc. announced that it has received the first installment of $125,000 of the $250,000 grant it has been awarded from the Government of Nunavut's Discover, Invest, Grow ("DIG") program in support of its ongoing 2023 exploration program. This grant comes on the heels of the $250,000 received in two installments in May and June 2023 for the successful completion of its 2022 program, reaffirming the Company's commitment to advancing mineral exploration in the emerging mining region of Nunavut. The Nunavut Department of Economic Development and Transportation supports the development of a sustainable and viable mineral exploration sector in Nunavut through its DIG Program, providing contributions to mineral exploration companies conducting activities which advance exploration work on projects in the region.

The Company thanks the Government of Nunavut for this financial support. The Company Is completing Its 20,000-metre drill and other exploration program in 2023 to further expand the mineralized zones at the Ferguson Lake Project. The Company is actively engaged with local communities in the Kivalliq Region of Nunavut, and the service providers in Rankin Inlet, Baker Lake, Winnipeg, Yellowknife and Edmonton for the logistic supports, transportation, camp operation, and wildlife and environmental protection.