55 North Mining Announces Winter Exploration Drill Program at Last Hope Gold Project
55 North Mining Announces Winter Exploration Drill Program at Last Hope Gold Project
Toronto, Ontario – February 2, 2026 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55 North”
or the “Company”) announces details of its planned 2026 winter drill program at its 100% owned
Last Hope Gold Project, located in Manitoba, Canada.
One drill rig is currently mobilized and on-site. The winter program is designed as an exploration
drill program to test for potential extensions of mineralization to the southeast of the current
mineral resource and to improve the Company’s understanding of the geological controls on
mineralization.
“We will focus on step -out drilling designed to test potential extensions of known mineralization
and support an updated geological model. The results from this program will guide our plans for
an updated mineral resource estimate later in 2026,” said Bruce Reid, CEO of 55 North Mining.
Updated Resource Estimate Expected Later in 2026
Following the 2025 –2026 drill program, 55 North plans to deliver an updated mineral resource
estimate later in the year, integrating the new drill results. The previous mineral resource estimate
at Last Hope was completed in September 2021 based on a US$1,650/oz gold price.
Upcoming Catalysts
• Following completion of drilling: Drill results expected in approximately 4–6 weeks, subject
to laboratory turnaround times
• Later in 2026: Updated mineral resource estimate
Qualified Person
Peter Karelse, P.Geo., a “Qualified Person” as defined under National Instrument 43 -101, has
reviewed and approved the scientific and technical information contained in this release. Peter
Karelse is not independent of 55 North Mining, as he is the Company’s Head of Exploration.
About 55 North Mining Inc.
55 North Mining Inc. is a Canadian exploration and development company advancing its high -
grade Last Hope Gold Project located in Manitoba, Canada.
FOR FURTHER INFORMATION, PLEASE CONTACT:
Mr. Bruce Reid
Chief Executive Officer
55 North Mining Inc.
Phone: 647-500-4495
Mr. Vance Loeber
Corporate Development
Phone: 778-999-3530
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains “forward-looking statements” and “forward-looking information” within
the meaning of applicable securities laws. Forward -looking statements in this news release
include, but are not limited to, statements regarding the timing of mobilization and drilling, the
expected timing of drill results, the scope and objectives of the drill program, and the timing and
completion of an updated mineral resource estimate.
Forward-looking statements are based on management’s expectations and assumptions as of the
date hereof and are subject to known and unknown risks, uncertainties and other factors that may
cause actual results, performance or achievements to differ materia lly from those expressed or
implied by such forward -looking statements. Such risks and uncertainties include, but are not
limited to: delays in mobilization or drilling; weather, logistics and site conditions; availability of
equipment, personnel and contractors; receipt and timing of assay results; exploration results not
being consistent with expectations; and general market conditions.