55 North Mining Announces Winter Exploration Drill Program at Last Hope Gold Project

Executive Summary

• 55 North Mining announced its planned 2026 winter drill program at the Last Hope Gold Project, with one rig already mobilized on‑site.
• The program will focus on step‑out drilling to test southeast extensions of known mineralization and improve geological understanding, feeding into an updated mineral resource estimate later in 2026.
• Drill results are expected within 4–6 weeks after completion, with the updated resource estimate slated for later in the year.

Key Details

• Program Scope: Winter 2026 exploration drill program at Last Hope Gold Project (Manitoba, Canada).
• Current Status: One drill rig mobilized and on‑site; drilling to commence shortly.
• Objective: Test potential southeast extensions of existing mineralization and refine the geological model controlling gold deposits.
• Future Deliverables:
• Drill results anticipated 4–6 weeks after drilling completion (subject to lab turnaround).
• Updated mineral resource estimate expected later in 2026, incorporating new drill data.
• Previous Resource Baseline: Last Hope resource last estimated September 2021 using a US$1,650/oz gold price.
• Qualified Person: Peter Karelse, P.Geo., Head of Exploration (not independent) has reviewed and approved the technical information.

Notable Quotes

“We will focus on step‑out drilling designed to test potential extensions of known mineralization and support an updated geological model. The results from this program will guide our plans for an updated mineral resource estimate later in 2026,” – Bruce Reid, CEO