Sixty North Gold Mining Ltd. provided an update on its recent activities. All major equipment and supplies required for the mining operation were not impacted by the fire. We are planning to install a temporary camp to restart activities.

We are aware that junior mining market has suffered the past few years and many shareholders have abandoned this sector, despite gold prices attaining record highs. To create the most value for our current and future shareholders, we plan to execute on the project's development towards early cash flow, while minimising the effects of financings and dilution. Insiders own over 40% of the issued shares in the Company, aligning their interests with external shareholders.

Our goal is to restart mining operations in a few months, developing the vein below the historic stopes and bringing gold-bearing vein material to the surface for assessment. We plan to install a mill in early 2025 with gold production commencing shortly afterward. The Company's strategy is to obtain the best information on the narrow vein, nuggety mineral structure and grade, with the most effective use of scarce cash resources, by completing the bulk sample described above.

NI 43-101 prohibits the use of certain terms like "ore" or reporting any financial details without completing prescribed Preliminary Feasibility or Feasibility studies, which includes independence of the authors. Sixty North Gold's team includes registered professional engineers and geologists with many decades of experience on this property, including past mine development and operation, who would be excluded from completing such reports. The Company does not believe it would be in the shareholders' best interest to expend the funds to complete these reports at this time.

With all mining equipment and bulk supplies already on site, the project's capital cost for development to production is substantially de-risked.