55 North Mining Inc. report an updated NI 43-101 compliant Mineral Resource Estimate on its high grade Last Hope Gold Project in Lynn Lake Manitoba, including high grade near surface Mineral Resources: Indicated Mineral Resources increased by 87%, Inferred Mineral Resources increased by 48%. Mining of the near surface Mineral Resources by trench mining could conceptually provide a low cost method for mining 14,500 high grade ounces early in the potential mine life. The updated Mineral Resource Estimate reflects the previously announced results from the 2020/2021 winter drill program. The results indicated up and down plunge extensions of high grade shoots, and the extension along strike of high grade gold mineralization beyond the extent of the previous resource estimate dated February 2021. Indicated Mineral Resources increased 87% to 71,100 ounces from 38,000 ounces, and Inferred Mineral Resources increased 48% to 273,800 ounces from 184,100 ounces. The Last Hope Property is located within the Churchill Structural Province of the Canadian Shield, lying 5 km south of the southern portion of the Lynn Lake Greenstone Belt. The Lynn Lake Greenstone Belt, comprised of the North and older South Belts, is part of a larger litho-structural unit which extends in a north-easterly direction from the La Ronge Greenstone Belt in Saskatchewan. The Last Hope Deposit can be classified as a mesothermal lode gold deposit in a Paleoproterozoic setting. Lithologies which host the gold bearing structures have been altered to the upper greenschist to lower amphiboilite facies. The protoliths have not been determined. Gold is associated with disseminated to semi massive pyrite/pyrrhotite sulphide mineralization. Gold- bearing sulphide minerals are structurally controlled by a predominant north west to south east striking near vertical zone of deformation. This deformation zone is truncated to the north by the east west striking Johnson shear, the host of numerous gold occurrences and deposits. 55 North is planning the construction of a 5.6 km access road, subject to permitting, which would provide year-round road access to drill sites planned for its Phase 3 drill program, significantly lowering transportation costs of personnel and equipment.