Canadian North Resources Inc. Reports Financial Results and Operational Update for the Second Quarter Ended June 30, 2024

27 August 2024

Toronto, August 27, 2024 – Canadian North Resources Inc. (“Canadian North” or the “Company”) (TSXV: CNRI; OTCQX: CNRSF; FSE: EO0 (E-O-zero)) is pleased to report its operational and financial results for the second quarter ended June 30, 2024.

Highlights:

• Filed the new National Instrument 43-101 Technical Report that defines the large and high-grade Mineral Resources at the Ferguson Lake Project (Table 1). 80% of the Indicated Mineral Resource is Open Pit, which provides a solid Mineral Resource base for the initial development of a potential large mine.
• Planned geophysical programs for generating new exploration targets with significant resource upside potential along strike and down dip of the 15 km long main mineralized horizon and on additional zones including M-Zone, A51-Zone, West Zone Extension, West Zone South and South Discovery Zone (Figure 1).
• Based on the new Technical Report, planned new metallurgical tests, community engagement programs and economic evaluation and infrastructure and environmental studies for low-carbon footprint mine development at the Ferguson Lake Project.

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