CNRI.V · 2022-05-19 12:00:00

Canadian North Resources Inc. Announces Grant of Options and Appointment of Vice-President, Exploration

Management Changes Share Capital & Compensation

NEWS RELEASE

CANADIAN NORTH RESOURCES INC. ANNOUNCES GRANT OF OPTIONS AND

APPOINTMENT OF VICE-PRESIDENT, EXPLORATION

TORONTO, ONTARIO May 19, 2022: Canadian North Resources Inc. (TSXV: CNRI) (the

“Corporation”) announces that it has granted to its directors, officers, employees and

consultants, and to management company employees, options to purchase a total of 2,695,000

Common Shares of the Corporation (of which 1,190,000 options were granted to directors and

officers), at an exercise price of $1.92 per share, which options will expire on May 18, 2027.

The Corporation also announces the appointment o f Trevor Boyd, Ph.D, P. Geo. as Vice -President,

Exploration. Dr. Trevor Boyd is a professional geologist with over 30 years of experience in the mining

industry working worldwide as a consultant, qualified person, officer, and director with both private

and public companies. Since 1987, Trevor has worked with numerous mining companies for a variety

of commodities on projects in North America, Asia, and Europe. His experience includes base and

precious metals, uranium, nickel-copper-PGM, and specialty metals projects including tungsten, tin and

indium. He is a member of the Association of Professional Geologists of Ontario and the Northwest

Territories and Nunavut Association of Professional Engineers and Geoscientists and a qualified person

as defined by National Instrument 43-101. Trevor has a PhD in geology from the University of Toronto

(1996) and a MSc (Applied) MINEX degree from McGill University (1988).

“We welcome Trevor to our team and look forward to working with him to advance our exciting

Ferguson Lake base metal and platinum -group metal project (“the Ferguson Lake Project”).” said Dr.

Kaihui Yang, the President and CEO of the Corporation, “With a stronger team, we are moving on with

an aggressive exploration program to unveil the exciting p otential of nickel, copper, cobalt, palladium

and platinum in the Ferguson Lake Project.”

About Canadian North Resources Inc.

Canadian North Resources Inc. is an exploration and development company focusing on the metals

for the clean -energy, electric vehicles, battery and high -tech industries. The Corporation is

advancing its 100% owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project

in Nunavut, Canada.

For further information visit the website at www.cnresources.com .

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION

SERVICES PROVIDER (as that term is defined in the policies of the TSX Venture

Exchange) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR

ACCURACY OF THIS RELEASE.

For further information contact:

Kaihui Yang, President and Chief Executive Officer

Phone: 905-696-8288 (Canada) 1-888-688-8809 (Toll-Free)