Sixty North Gold to Close Non-Brokered $1,500,000 Unit Offering

Financing Details - Sixty North Gold Mining Ltd. plans to close a non-brokered financing of 6,000,000 units at an offering price of $0.25 per unit, aiming for gross proceeds of $1,500,000, subject to CSE approval [1] - Each unit consists of one common share and one-half of a non-transferable common share purchase warrant, with each whole warrant exercisable at $0.30 for one year from the closing date [2] - Finders will receive fees totaling $51,000 in cash and 204,000 finders warrants, with the same terms as the warrants [3] Use of Proceeds - Proceeds from the offering will be allocated for further exploration and development of the Mon Gold Property in NWT, as well as for general working capital requirements [3] Company Overview - Sixty North Gold is developing mining operations for gold on its 100% owned Mon Gold Project, which previously extracted 15,000 tonnes of ore, recovering an estimated 15,000 ounces of gold in the 1990s [4] - The North Ramp has been reopened and extended to target portions of the vein, with plans to develop stopes in the East Limb, West Limb, and DD Zone to support a 100 tpd gravity-flotation mill [4] Additional Exploration Potential - The Mon Gold Property has additional gold, silver, and base metal targets that will be explored and developed as warranted [5] - The Yellowknife gold camp has a history of significant gold production, with two mines averaging 30 grams per tonne (gpt) gold or better, contributing to a total production of over 14 million ounces of gold [5]