Sixty North Announces Unit Offering

SIXTY NORTH ANNOUNCES UNIT OFFERING

Vancouver – June 30, 2020 – Sixty North Gold Mining Ltd . (the “Company” or “Sixty North ”)

(CSE: SXTY; FKT: 2F4; OTC-Pink:SXNTF) Sixty North proposes to complete a non -brokered private

placement of up to 6,000,000 units (the “ Units”) at an offering price of $0.05 per Unit, to raise gross

proceeds of up to $ 300,000 (the “ Offering”). Each Unit will consist of one (1) common share of the

Company and one (1) share purchase warrant (the “Warrants”). Each whole Warrant will be exercisable

to acquire one additional common share at an exercise price of $0. 075 per share for a period of two (2)

years from the date of closing of the Offering. In the event that the common shares of the Company trade

at a closing price greater than $0.15 per share for a period of 10 consecutive trading days, then the

Company may deliver a notice to the Warrant holders that they must exercise their Warrants within the

next 30 days, or the Warrants will expire. The terms of the Offering are subject to satisfactory notice to

the Canadian Securities Exchange.

The Company will pay finder’s fees in connection with this placement to Mackie Research Capital

Corporation (“MRCC”) equal to 8.0% of the gross proceeds raised by MRCC, and share purchase

warrants (the “ Finder’s Warrants ”) equal to 10% of the number of Units sold by MRCC, and the

Finder’s Warrants will be exercisable for common shares on the same terms as the Warrants.

The net proceeds from the Offering will be used to finance the Company’s payment of $150,000 due and

owing to New Discovery Mines Ltd. (“NDM”) by June 30, 2020 for the further extension of the

Amended and Restated Earn-in Agreement between the Issuer and NDM, as amended, for the Company’s

acquisition of an 80% interest in the Mon Gold Property, NWT, and working capital for general and

administrative expenses. NDM is a private company controlled by David Webb, the President & Chief

Executive Officer of the Company.

About the Company

The Company is engaged in acquisition, exploration and development of mineral properties. Its principal

exploration target is the exploration for gold on the Mon Gold Property, 40 km north of Yellowknife,

NWT. The Mon Gold Property consists of 11 contiguous mining leases and 3 mineral claims, comprising

an aggregate 1, 536.92 acres, located in the South MacKenzie Mining District, NWT. For more

information, please refer to the Company’s profile on SEDAR (www.sedar.com) or visit the Company’s

website at www.sixtynorthgold.com.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “David Webb”

David Webb,

President & Chief Executive Officer

For further information, please contact David Webb 604-818-1400

Statements about the Company's futur e expectations and all other statements in this press release other than

historical facts are "forward looking statements". Such forward -looking statements are based on numerous

assumptions, and involve known and unknown risks, uncertainties and other fac tors, including risks inherent in

mineral exploration and development, which may cause the actual results, performance, or achievements of the

Company to be materially different from any projected future results, performance, or achievements expressed or

implied by such forward -looking statements. Further details about the risks applicable to the Company are

contained in the Company’s Prospectus dated January 19, 2018 available on SEDAR ( www.sedar.com), under the

Company’s profile.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT

OF THIS PRESS RELEASE.