55 North Mining Announces Leadership Transition: Wayne Parsons Appointed CEO and Bruce Reid Named Executive Chairman

Executive Summary

• Wayne Parsons appointed Chief Executive Officer of 55 North Mining Inc., effective immediately.
• Founder/long‑time CEO Bruce Reid transitions to Executive Chairman, continuing to guide strategic direction.
• Leadership change aimed at strengthening capital markets presence, accelerating advancement of the Last Hope Gold Project, and positioning the company for growth from a junior explorer to a mid‑tier mining firm.

Key Details

• New CEO: Wayne Parsons – brings extensive experience in mining operations and capital markets; will focus on corporate growth, financing initiatives, investor engagement, exploration strategy, and development of the Last Hope Gold Project.
• Executive Chairman: Bruce Reid – former CEO since formation; will remain involved in strategic direction and corporate development as Executive Chairman of the Board.
• Strategic Rationale: Transition designed to enhance capital‑raising capabilities, accelerate project advancement, and expand stakeholder relationships.
• Project Focus: Continued exploration, resource expansion, and development at the 100 % owned Last Hope Gold Project in Manitoba, Canada.
• Quotes:
• Bruce Reid: “Since Wayne has become involved with 55 North… investors have expressed confidence that … the Company will be well positioned to attract capital, continue exploration, and move toward early‑stage production.”
• Wayne Parsons: “I want to build this story into a much larger play… my goal is to take this company from being a junior explorer to a mid‑tier mining company.”

Notable Quotes

• Bruce Reid (Executive Chairman): “Following European road shows and recent exposure at the PDAC mining conference, investors have expressed confidence that with Wayne's experience and leadership, the Company will be well positioned to attract capital, continue exploration, and move toward early‑stage production.”
• Wayne Parsons (CEO): “I believe we can build and expand this into something very significant. With investor support, my goal is to take this company from being a junior explorer to a mid‑tier mining company.”