Sixty North arranges $1.5-million offering

Jan 14, 2026

2026-01-14 04:57 ET – News Release

Mr. Dave Webb reports

SIXTY NORTH GOLD ANNOUNCES NON-BROKERED $1,500,000 UNIT OFFERING

Sixty North Gold Mining Ltd. intends to complete a non-brokered financing of up to six million units at an offering price of 25 cents per unit to raise gross proceeds of up to $1.5-million subject to applicable securities laws and Canadian Securities Exchange policies.

Each unit will be composed of one share and one-half of one common share purchase warrant of the company. Each warrant will be exercisable to purchase one additional share at a price of 30 cents for a period of one year from the closing date.

Eligible finders will receive up-to-8-per-cent fees in cash and 8 per cent in warrants on the proceeds received by Sixty North Gold from investors introduced to the company. Leede Financial Inc. of Vancouver, Canada, has agreed to act as a finder for the transaction. The securities underlying the units will be subject to a hold period legend restricting resale until four months and a day from their date of issuance.

The proceeds from the offering will be used for further exploration and development of the Mon gold property located in Northwest Territories and for the company’s general working capital requirements.

Insiders of the company will be permitted to participate in the offering. Such participation would be considered to be related-party transactions within the meaning of exchange Policy 5.9 and Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions) adopted in Policy 5.9. The company intends to rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related-party participation in the offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the transaction, insofar as it involves the related parties, will exceed 25 per cent of the company’s market capitalization (as determined under MI 61-101).

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 below the historic 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 volcanogenic massive sulphide deposits, the large shear-zone-hosted gold targets and the critical-element-enriched iron oxide copper-gold-style mineralization will be explored and developed as warranted.

The Yellowknife gold camp hosts two mines that averaged 30 grams per tonne 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 the company technical report NI 43-101, Aug. 3, 2023).

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

We seek Safe Harbor.

https://sixtynorthgold.com/