Canadian North Resources Inc. Announces Market Awareness Program
Canadian North Resources Inc. Announces
Market Awareness Program
Toronto, Ontario, October 18 , 2023 – Canadian North Resources Inc. ("the Company," TSXV: CNRI;
OTCQX: CNRSF; FSE: EO0 (E-O-zero)) announces that the Company has engaged Outside The Box Capital Inc.
(“OTB”) to perform market awareness and marketing services for an initial term of six months. The nature of
the services to be provided by OTB include, but are not limited to, marketing services to communicate to the
financial community information about the Company.
In addition to a fee of $103,400, plus applicable taxes, the Company has granted OTB an option to
purchase an aggregate total of 32,825 Common Shares of the Company at an exercise price of $3.15
per share, which option shall be for a period of a 12 months and shall vest and be exercisable in four
equal tranches, quarterly over a twelve (12) month period. Except for the foregoing option, OTB is not
related to the Company and has no interest, directly or indirectly, in the Company or its securities.
OTB is a marketing services firm headquartered in Oakville, Ontario, Canada, that has been in
business for 3 years.
About Canadian North Resources
Canadian North Resources Inc. is an exploration and dev elopment company focusing on the critical metals
for the clean-energy, electric vehicles, battery and high-tech industries. The company is advancing its 100%
owned Ferguson Lake nickel, copper, cobalt, palladium, and platinum project that covers an area of 253.8
km2 of mining leases (96.9 km 2) and surrounding exploration claims (156.9 km 2) in the Kivalliq Region of
Nunavut, Canada.
The Ferguson Lake mining property contains substantial resources in compliance with NI43 -101 standards,
which include Indicated Mineral Resources of 24.3 million tonnes containing 455 million pounds (Mlb)
copper at 0.85%, 321Mlb nickel at 0.60%, 37.5Mlb cobalt at 0.07%, 1.08 million ounces (Moz) palladium
at 1.38gpt and 0.18Moz platinum at 0.23gpt; Inferred Mineral Resources of 4 7.2 million tonnes
containing 947Mlb copper at 0.91%, 551.5Mlb nickel at 0.53%, 62.4Mlb cobalt at 0.06%, 2.12Moz
palladium at 1.4gpt and 0.38Moz platinum at 0.25gpt. The resource model indicates significant potential
for resource expansion along strike and at depth over the 15 km long mineralized belt. (Refer to
“Independent Technical Report, Updated Mineral Resource Estimate, Ferguson Lake Project, Nunavut,
Canada, Prepared by Ronacher McKenzie Geoscience Inc. and Francis Minerals Ltd ” filed by the Company to
Sedar.com on July 13, 2022). In addition, the Company has identified the pegmatites with lithium potential
at the Ferguson Lake project.
Sophy Cesar, Corporate Development
Phone: 905-696-8288 (Canada) 1-888-688-8809 (Toll-Free)
Email: [email protected]
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies
of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Note Regarding Forward-Looking Statements
Certain statements contained in this news release, including statements which may contain words such as
“expects”, “anticipates”, “intends”, “plans”, “believes”, “estimates”, or similar expressions, and statements
related to matters which are not historical facts, are forward -looking information within the meaning of
applicable securities laws. Such forward -looking statements, which reflect management ’s expectations
regarding the Company’s future growth, results of operations, performance, business prospects and
opportunities, are based on certain factors and assumptions and involve known and unknown risks and
uncertainties which may cause the actual r esults, performance, or achievements to be materially different
from future results, performance, or achievements expressed or implied by such forward -looking
statements.
These factors should be considered carefully, and readers should not place undue rel iance on the
Company’s forward -looking statements. The Company believes that the expectations reflected in the
forward-looking statements contained in this news release and the documents incorporated by reference
herein are reasonable, but no assurance can be given that these expectations will prove to be correct. In
addition, although the Company has attempted to identify important factors that could cause actual
actions, events or results to differ materially from those described in forward looking statements, there may
be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The
Company undertakes no obligation to release publicly any future revisions to forward -looking statements
to reflect events or circums tances after the date of this news or to reflect the occurrence of unanticipated
events, except as expressly required by law.