Announcement • Jul 08
55 North Gold Reports Results from 2026 Winter Diamond Drill Program At Last Hope Gold Deposit 55 North Gold Inc. reported that its 2026 winter diamond drill program on its Last Hope Gold Deposit has extended the gold mineralization 300 metres beyond the limit of the current mineral resource estimate. 55 North’s Last Hope Gold Deposit is located in northern Manitoba, Canada, 10 kilometres south of Alamos Gold’s Lynn Lake Project. Highlights from 55 North’s drill program include: LH26-02: 2.49 g/t Au over 19.42 m starting at 211.58 metres downhole including 4.50 m grading 5.34 g/t Au; LH26-04: 6.91 g/t Au over 2.56 m starting at 138.90 metres including 1.33 m grading 12.60 g/t Au; LH26-04: 7.61 g/t Au over 1.50 m; LH26-07: 13.60 g/t Au over 1.00 m. Drilling demonstrated excellent internal grade continuity within the resource area, while southeast step-out holes confirmed the system remains open along strike and down-plunge, consistent with the geological model. Table 1 – Summary of Results 2026 Winter Drill Program (1) Drill Hole ID From To Interval Au Grade (metres) (metres) (metres) (g/t) LH26-01 135.48 137.50 2.02 2.33 LH26-02 211.58 231.00 19.42 2.49 including 211.58 213.00 1.42 5.49 and 217.50 222.00 4.50 5.34 and 229.50 231.00 1.50 8.71 LH26-03 207.00 209.69 2.69 2.83 LH26-04 138.90 141.46 2.56 6.91 including 140.13 141.46 1.33 12.60 193.50 195.00 1.50 7.61 LH26-05 356.20 357.20 1.00 5.66 LH26-06 NSV LH26-07 218.00 219.00 1.00 13.60 (1) Intervals above are drill indicated core length. True widths are estimated to be 75-85% of the reported downhole intervals. Average grades are calculated with un-capped gold assays. The 2026 Last Hope Gold Project drill program consisted of seven diamond drill holes designed to both infill gaps within the current resource model and step-out to the southeast to test the extension of the shear zone-hosted gold system. All holes successfully intersected the targeted structures, returning visible quartz veining with disseminated pyrite and strong assay results. These new intersections are expected to contribute to ongoing targeting for upcoming drilling in support of an updated mineral resource estimate. Table 2 – Drillhole Information 2026 Winter Drill Program Drill Hole ID Easting Northing Elevation Length Azimuth Dip NAD83Z14 NAD83Z14 (metres) (metres) (degrees TN) (degrees) LH26-01 387757 6282260 1075 172 045 -50 LH26-02 387757 6282260 1075 279 045 -70 LH26-03 387836 6282162 1067 298 045 -70 LH26-04 387910 6282066 1064 237 045 -50 LH26-05 387474 6282319 1074 487 045 -70 LH26-06 387540 6282384 1084 354 045 -65 LH26-07 387540 6282384 1084 250 045 -45. 55 North has implemented a quality control program to comply with industry “best practices” for sampling, chain of custody and analyses. Certified gold reference standards, blanks and duplicates are inserted at the core processing site as part of the QA/QC program in addition to the control samples inserted by the lab. Samples are prepared and analyzed by Geoanalytical Laboratories in Saskatoon. Samples are analyzed for gold using Fire Assay-AA techniques. Overlimit samples are re-analyzed using Fire Assay-Gravimetric methods. The 2021 NI 43-101 mineral resource estimate (“MRE”) for the Last Hope Gold Deposit is 71,100 ounces of Indicated gold resources at 5.41 g/t Au contained within 0.4 million tonnes and 273,800 ounces of Inferred gold resources at 5.48 g/t Au contained within 1.5 million tonnes. The deposit remains open both down-plunge and along strike, highlighting strong exploration potential for resource expansion through additional drilling. The Mineral Resource estimate for the Last Hope Gold Project is based on the 2021 NI 43-101 Technical Report. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted into Mineral Reserves. The estimate remains open down-plunge and along strike. New Risk • Jul 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.1m free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 10% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$10.6m market cap, or US$7.47m). Minor Risk Shareholders have been diluted in the past year (18% increase in shares outstanding). 
