Canadian North Resources Inc. announced it has commissioned a new Mineral Resource estimation in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") for its Ferguson Lake nickel, copper, cobalt, palladium and platinum project ("F Ferguson Lake Project") in Nunavut, Canada. The new Mineral Resource estimation will incorporate the results of 39,270 metres of new diamond drilling in 145 holes completed by the Company, which has significantly expanded the mineralized zones at the Ferguson Lake Project. The results will be added to the mineral deposit database applied for the previous released Mineral Resource estimate.

As part of the independent Mineral Resource estimation in compliance with Canadian NI 43-101 Standards, both SRK and Ronacher McKenzie geologists have conducted a project site visit, field and data QA/QC review, and independent due diligence sampling and analyses of the Company's drill core stored at the site. The re-modeling of the Mineral Resource will include the assessment and incorporation of both the semi-massive to massive nickel-copper-cobalt-palladium-platinum sulphide and the disseminated, low-sulphide platinum group element (PGE) bearing types of mineralization. Updated and recently completed geophysical surveys and metallurgical testing results will also be included in the technical review.

Lithology, structure, mineralization and hydrothermal alteration recorded in drill logs will be indirectly modelled considering both historic and updated assays as part of an overall assessment of the project's geological exploration model. The technical contents of this News Release have been reviewed and approved by Dr. Trevor Boyd, P.Geo., a Qualified Person as defined by NI 43-101 standards. The company is advancing its 100% owned Ferguson Lake nickel, copper, Cobalt, palladium, and platinum project that covers an area of 253.8 km2 of mining leases (96.9 km2) and surrounding exploration claims (156.9 km2) in the Kivalliq Region of Nunavut, Canada.