55 North Mining Inc. Announces Name Change to “55 North Gold Inc.” and Election of Two New Directors
55 North Mining Inc. Announces Name Change to “55 North Gold Inc.”
and Election of Two New Directors
Toronto, Ontario – July 6, 2026 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55 North”
or the “Company”) is pleased to announce the voting results of its annual general and
special meeting of shareholders, held on June 22, 2026 (the “Meeting”). Shareholders voted
in favour of all matters put before the Meeting, including a special resolution approving a
change of the Company’s name to “55 North Gold Inc.”, the election of two new directors, and
the re-approval of the Company’s restricted share unit plan.
Change of Name
Shareholders approved, by special resolution, an amendment to the Company’s articles to
change its name from “55 North Mining Inc.” to “55 North Gold Inc.”, or such other name as
the board of directors may determine and as may be acceptable to the applicable regulatory
authorities. The change of name is intended to better align the Company’s na me with its
principal focus on gold exploration and development.
The name change remains subject to receipt of all necessary regulatory approvals. It will
become effective once the certificate of amendment is issued and all regulatory approvals
have been obtained.
Shareholders set the number of directors at six (6) and elected each of the following
management nominees to the board of directors: Wayne Parsons, Bruce Reid, Sandra
Jackson, Herbert Urton, Hugh Aird and Peter Simeon.
The Company is pleased to welcome Hugh Aird and Peter Simeon as new members of its
board of directors.
Hugh Aird is an investment banker with over 43 years of experience, having completed more
than 150 debt and equity financings and numerous mergers and acquisitions assignments
across the public and private sectors. Mr. Aird serves as a director on multiple private boards
affiliated with Brookfield Asset Management.
Peter Simeon is a partner at Gowling WLG (Canada) LLP, where he has practised since
February 2015. He has over 20 year s of experience as a corporate and securities lawyer
focused on corporate finance and mergers and acquisitions. Mr. Simeon holds a Bachelor of
Arts from Queen’s University and a law degree from Osgoode Hall Law School at York
University, and serves as an i ndependent director of several publicly traded Canadian
companies.
Wayne Parsons, President and CEO of 55 North, commented: “On behalf of the board and
management, I want to thank our shareholders for their continued support. We are delighted
to welcome Hu gh and Peter to the board. Their combined experience in capital markets,
corporate finance and securities law will be invaluable as we advance our projects and move
forward under our new name, 55 North Gold Inc.”
Re-Approval of Restricted Share Unit Plan
Shareholders re-approved the Company’s restricted share unit plan (the “RSU Plan”). The
RSU Plan is a “rolling” plan under which the maximum number of common shares issuable,
together with all of the Company’s other security -based compensation arrangements, shall
not exceed 10% of the Company’s issued and outstanding common shares from time to time.
About 55 North Mining Inc.
55 North Mining Inc. is a Canadian exploration and development company advancing its
100%-owned high -grade Last Hope Gold Project. Th e 2021 NI 43 -101 mineral resource
estimate ("MRE") for the Last Hope Gold Deposit comprises 71,100 ounces of Indicated gold
resources at 5.41 g/t Au contained within 0.4 million tonnes and 273,800 ounces of Inferred
gold resources at 5.48 g/t Au contained within 1.5 million tonnes. The deposit remains open
both down -plunge and along strike, highlighting strong exploration potential for resource
expansion through additional drilling.
The Mineral Resource estimate for the Last Hope Gold Project is based on th e 2021 NI 43-
101 Technical Report. Mineral Resources that are not Mineral Reserves do not have
demonstrated economic viability. There is no certainty that all or any part of the Mineral
Resources will be converted into Mineral Reserves. Investors are cauti oned that the
Company has not completed a Preliminary Economic Assessment, Pre -Feasibility Study, or
Feasibility Study on the Project, and there is increased uncertainty and there are specific
economic and technical risks of failure associated with any production decision based on the
current mineral resource estimate.
Qualified Person
The technical content of this news release has been reviewed and approved by Michael
Thompson, P.Geo., a Qualified Person (“QP”) as defined in National Instrument 43 -101,
Standards of Disclosure for Mineral Projects.
For further information, please visit the Company’s website at www.55northmining.ca.
ON BEHALF OF THE BOARD OF DIRECTORS:
Wayne Parsons
President and CEO
Phone: 519-871-3998
Email: [email protected]
For Further Information, Please Contact:
Bruce Reid
Executive Chairman
Phone: 647-500-4495
Email: [email protected]
Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the
adequacy or accuracy of this release.
All mineral resource and mineral reserve estimates disclosed in this news release have been
prepared in accordance with National Instrument 43 -101 – Standards of Disclosure for
Mineral Projects (“NI 43-101”) and the Canadian Institute of Mining, Metallurgy and Petroleum
(“CIM”) Definition Standards on Mineral Resources and Mineral Reserves, adopted by the
CIM Council, as amended.
Readers are cautioned that Mineral Resources are not Mineral Reserves and do not have
demonstrated economic viability. The estimate of Mineral Resources may be materially
affected by environmental, permitting, legal, title, taxation, socio-political, marketing, or other
relevant issues. Inferred Mineral Resources have a high degree of uncertainty as to their
existence, and as to whether they can be mined economically or legally. It cannot be assumed
that all or any part of an Inferred Mineral Resource will ever be upgraded to a higher category.
Under Canadian rules, estimates of Inferred Mineral Resources may not form the basis of
feasibility or pre-feasibility studies, except in rare cases.
CAUTION REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain “forward -looking statements” within the meaning of
applicable securities laws. All statements, other than statements of historical fact, included in
this release, including, without limitation, statements regarding the effectiveness of the
change of name, the filing of articles of amendment, any new trading symbol, and future plans
and objectives of the Company, are forward-looking statements that involve various risks and
uncertainties. There can be no assurance that such statements will prove to be accurate, and
actual results and future events could differ materially from those anticipated in such
statements. Important factors that could cause act ual results to differ materially from the
Company’s expectations include, but are not limited to, market conditions, risks associated
with mineral exploration, and other factors detailed from time to time in the Company’s filings
with Canadian securities regulators.