55 North Mining Inc. Appoints Michael Thompson, P.Geo., as VP of Exploration
55 North Mining Inc. Appoints Michael Thompson, P.Geo., as VP of Exploration
Toronto, Ontario – May 28, 2026 – 55 North Mining Inc. (CSE:FFF) (FSE:6YF) (“55 North” or
the “Company”) is pleased to announce the appointment of Mr. Michael Thompson, P.Geo., as
Vice President of Exploration, effective immediately.
Mr. Thompson is a seasoned geologist with over 25 years of mineral exploration experience. He
is a founding partner of Fladgate Exploration Consulting, a full -service mineral exploration
consulting firm in Northwestern Ontario. He specializes in the struct ural interpretation of gold
deposits and brings extensive gold and base metal exploration expertise gained through roles
with Teck Resources, Placer Dome, and Goldcorp. He previously held various management
positions with both public and private companies, most notably as President and CEO of
Kesselrun Resources, which was acquired by Gold X2 in 2025. Mr. Thompson holds an Honours
B.Sc. in Geology from the University of Toronto and is a Professional Geologist (P.Geo.)
registered in Ontario.
Wayne Parsons, President and CEO of 55 North Mining, commented: “We are delighted to
welcome Michael to the 55 North team. His deep expertise in structural geology, combined with
a proven track record of successful gold exploration in Canada, makes him the ideal leader to
advance our high-grade Last Hope Gold Project. Michael’s experience will be instrumental as we
continue to unlock the full potential of this exciting asset located in one of Manitoba’s most
prospective gold districts.”
Mr. Thompson added: “I am excited to join 55 North Mining at this pivotal stage in the Company’s
growth. The Last Hope Gold Project represents a compelling opportunity in an established mining
district, and I look forward to working with the team to help u nlock additional value through
disciplined exploration and technical evaluation.”
Lynn Lake Gold District
Alamos Gold's Lynn Lake Gold Project, comprising the Gordon, MacLellan, Linkwood, and BT
deposits, hosts combined Proven and Probable Mineral Reserves of 3.436 million ounces of gold
at 1.25 g/t Au contained within 85.4 million tonnes, with additional Measured and Indicated Mineral
Resources of 0.885 million ounces of gold at 1.27 g/t Au contained within 21.7 million tonnes, and
Inferred Mineral Resources of 0.308 million ounces of gold at 0.80 g/t Au contained within 11.9
million tonnes.
The Lynn Lake Gold Project, currently under construction, is expected to average 186,000 ounces
over its initial 10 years with total production estimated at three million ounces over the life-of-mine.
Initial production is expected to commence in the first half of 2029. The Last Hope Gold Project
is located approximately 10 km southeast of Alamos Gold’s Linkwood and BT deposits.
The information regarding Alamos Gold’s Lynn Lake Gold Project is taken from publicly available
sources and has not been independently verified by 55 North Mining Inc. or its Qualified Person.
Readers are cautioned that the Company has no interest in the L ynn Lake project and the
proximity of the Last Hope Gold Project to Alamos Gold’s deposits does not imply that similar
mineralization or economic results will be encountered on the Company’s property.
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. The 2021 NI 43 -101 mineral resource estimate
(“MRE”) for the Last Hope Gold Deposit is 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 the 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. The estimate remains open down-plunge and along strike.
Investors are cautioned 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 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., 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 & 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 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 actual 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.