Sixty North Gold Announces Unit Offering Closed

SIXTY NORTH GOLD ANNOUNCES UNIT OFFERING CLOSED

Vancouver, Bri.sh Columbia--(Newsfile Corp. – October 31, 2021) – Sixty North Gold Mining Ltd. (CSE:

SXTY; FKT: 2F40; OTC-Pink: SXNTD) (the “Company” or “Sixty North Gold”)

Further to the news release of October 27, 2022 where the Company announced plans to complete a

non-brokered private placement of up to 2,500,000 units (the “Units”) at an offering price of $0.20 per

Unit, to raise gross proceeds of up to $500,000 (the “Offering”), Sixty North Gold is pleased to report

that it has closed on 1,660,000 units raising gross proceeds of $332,000. Each Unit consisted of one (1)

common share (a “Share”), and one (1) non-transferable share purchase warrant (a “Warrant”), with

each Warrant being exercisable to purchase one (1) addi.onal Share at an exercise price of $0.30 per

Share un.l October 28, 2024. The securi.es for the Offering will bear legends restric.ng resale un.l

March 1, 2023.

The net proceeds of the Offering will be used for further explora.on and development of the Mon Gold

Property, NWT , and the Company’s general working capital requirements.

About the Company

The Company is developing mining opera.ons for gold on the Mon Gold Property, 40 km north of

Yellowknife, NWT . Past produc.on extracted 15,000 tonnes of ore to depths of only 15 m below surface,

recovering an es.mated 15,000 ounces of gold.

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

aggregate 1,537 acres, located in the South MacKenzie Mining District, NWT . Eight additional Mineral Claims

and one other Mining Lease are controlled under option totaling 5,500 acres.

For more information, please refer to the Company’s Prospectus dated January 19, 2018 available on SEDAR

(www.sedar .com), under the Company’s profile.

ON BEHALF OF THE BOARD OF DIRECTORS

s/ “David Webb”

David Webb,

President & Chief ExecuNve Officer

For further informa.on, please contact David Webb 604-818-1400

Statements about the Company's future expecta.ons and all other statements in this press release other

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

numerous assump.ons, and involve known and unknown risks, uncertain.es and other factors, including

risks inherent in mineral explora .on and development, which may cause the actual results,

performance, or achievements of the Company to be materially di fferent 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.

This news release does not cons0tute an offer to sell or a solicita0on of an offer to buy any of the

securi0es in the United States. The securi0es have not been and will not be registered under the United

States Securi0es Act of 1933, as amended (the “U.S. Securi0es Act”) or any securi0es laws of any state

of the United States and may not be offered or sold within the United States or to a U.S. person (as

defined in Regula0on S under the U.S. Securi0es Act) unless registered under the U.S. Securi0es Act and

any applicable securi0es laws of any state of the United States or an exemp0on from such registra0on

requirements is available.

Not for distribu,on to United States newswire services or for dissemina,on in the United States.