Sixty North’s new mill on container ship to Canada

Feb 5, 2026

2026-02-04 20:38 ET – News Release

Mr. Dave Webb reports

SIXTY NORTH GOLD PROVIDES UPDATE ON MON GOLD MINE LOGISTICS AND DEVELOPMENT

Sixty North Gold Mining Ltd. has provided an update on its plan to commence gold production this year on its wholly owned Mon gold mine, Yellowknife, NWT.

The company’s new 100-tonne-per-day (tpd) mill is now on a container ship due to land in Canada on Feb. 20, 2026. The company is cautioned that estimated times may change due to weather or other unforeseen events.

Construction of the entire length of the winter road from Highway 4, 20 kilometres (km) east of Yellowknife to the company’s mine site is progressing well. The company plans to haul a total of 19 truckloads of supplies, including the 100 tpd mill, to site in February and March.

Crews are scheduled to arrive in Yellowknife with supplemental equipment in advance of the mill delivery, to install a new 20-man trailer camp, and to clean and remove accumulated debris left over from the 2023 wildfires that destroyed the company’s old camp and miscellaneous equipment. Major mining equipment, fuel tanks and infrastructure on site avoided any fire damage due to well planned construction, placement and serendipity.

The company plans to commence assembly of the mill in late April, with initial commissioning of the mill in June and July. The company plans to operate this 100 tpd mill 24/7, treating material extracted from the second level of the A zone vein below the historic stopes. The DD zone will be evaluated for potential stope development and the company plans to extend the main ramp to the third level.

About Sixty North Gold Mining Ltd.

Sixty North Gold is developing mining operations for gold on its 100-per-cent-owned Mon gold project. Mining in the 1990s extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold in the 1990s (company technical report, National Instrument 43-101, Aug. 3, 2023, on SEDAR+). Recently, underground development has intersected the productive A zone 17 metres (m) below the historical stopes, as well as a newly identified zone, the DD zone in the main ramp. The company plans to develop and mine stopes in the east limb, west limb and DD zone, and to extend the ramp to allow for the development of deeper levels.

The silver-rich VMS (volcanogenic) deposits, the large shear zone-hosted gold targets and the critical-element-enriched IOCG-style (iron oxide, copper and gold) mineralization will be explored and developed as warranted.

The Yellowknife gold camp hosts two mines that averaged 30 grams per tonne (g/t) gold or better (Discovery mine with one million ounces of gold produced and Sixty North Gold’s Mon mine), and two that averaged 15 g/t or better for a total production of over 14 million ounces of gold (Con mine and Giant mine) (refer to company technical report, NI 43-101, Aug. 3, 2023). The Yellowknife gold belt is a historical gold producer and hosts the people and experience to bring this Archean gold belt back to life.

The technical content of this news release has been reviewed and approved by Dr. D.R. Webb, PGeol, PEng, president and chief executive officer of Sixty North Gold.

For more information, please refer to the company’s public filings available on SEDAR+, under the company’s profile.

We seek Safe Harbor.

https://sixtynorthgold.com/