Canadian North Resources Announces Participation in the 2024 International Mining and Resources Conference in Sydney, Australia

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TORONTO, Oct. 17, 2024 (GLOBE NEWSWIRE) — Canadian North Resources Inc. (hereinafter referred to as the “Company” TSXV: CNRI; OTCQX: CNRSF; FSE: EO0) announces its participation in the 2024 International Mining and Resources Conference (“IMARC”) in Sydney, Australia. The company joins as part of the Ontario Mining Mission, organized by the Government of Ontario in partnership with the Canadian Consulate General in Sydney. The assignment provides visibility and access to potential partners across Australia and the Asia Pacific region.

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IMARC is one of the largest and most influential global mining conferences, attracting more than 9,000 participants from more than 120 countries, and drawing participation from 50 governments and ministers. The event brings together more than 600 leaders and experts from across the industry.

Dr. Caihui Yang, CEO of Canadian North Resources, will present at the Investment Mining Spotlight on Wednesday, October 30 at 10:15 a.m. (local time). Dr. Yang’s presentation will focus on the company’s flagship Ferguson Lake project in Nunavut, Canada, highlighting the abundant and high-grade copper, nickel, cobalt and platinum group metals. Dr. Yang will provide an overview of resource potential, project development, and how Canadian North Resources is positioning itself in global battery metals and clean energy supply chains.

This year’s IMARC provides a unique opportunity for Canadian North Resources to connect with industry stakeholders, investors and potential partners from key markets in the Asia-Pacific region. By joining the Ontario delegation to IMARC, Canadian North Resources is demonstrating its commitment to advancing the development and sustainability of the Lake Ferguson Project, and exploring collaborative opportunities that align with global market demands for critical minerals.

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The company’s leadership team will be available for one-on-one meetings during the event, providing an exceptional opportunity for discussions on potential investment opportunities and partnerships.

About the resources of the Canadian North

Canadian North Resources Inc. It is an exploration and development company focused on minerals used in the clean energy, electric vehicles, batteries and high-tech industries. The company is developing its 100%-owned Lake Ferguson nickel, copper, cobalt, palladium and platinum project covering an area of ​​253.8 square kilometres.² Of mining leases (96.9 km²) and surrounding exploration claims (156.9 km²) in the Kivalliq region of Nunavut, Canada.

The Lake Ferguson mining property has National Instrument 43-101 compliant mineral resource estimates announced on March 19, 2024, which include Indicated mineral resources of 66.1 million tons (Mt) containing 1,093 million lb 0.75% copper, 678 million lb 0.47% nickel, 79.3 million lb 0.05% cobalt, and 2.34 million ounces (Moz). of palladium at 1.10Gt and 0.419 million ounces of platinum at 0.19Gt; The inferred mineral resource of 25.9 million tons contains 558 million lb of copper grading 0.98%, 333 million lb of nickel grading 0.58%, 39.6 million lb of cobalt grading 0.07%, and 1.192 million ounces of palladium at 1.43 G0. .205 million ounces of platinum at 0.25 GB. In particular, 80% of the indicated mineral resources are open pit with 52.7 million tons at 0.65% Cu, 0.43% Ni, 0.05% Co, 0.97 g/t Pd and 0.17% Pt. Which provides a solid mineral resource base for the initial development of a potential large mine. The mineral resource model indicates significant potential for resource expansion along strike and at depth along the 15 km mineral belt and a number of unidentified mineralization zones and potential zones. (See “Independent Technical Report on Mineral Resource Estimation for the Ferguson Lake Project, Nunavut, Canada (“Technical Report”)), prepared by SRK Consulting and Ronacher McKenzie Geoscience Inc., as of March 19, 2024, and submitted by Analysis and Retrieval System Electronic documents (“Conscious+”) online at https://www.sedarplus.ca/landingpage/ Dated May 3, 2024. The technical report was also published on the company’s website at the following address: www.cnresources.com.)

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For more information please visit the website at www.cnresources.com Or call:

Sophie Cesar, Head of Corporate Development

Phone: 905-696-8288 (Canada) 1-888-688-8809 (toll-free)
Email: info@cnresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary note regarding forward-looking statements

Certain statements in this press release, including statements that may contain words such as “expects,” “expects,” “intends,” “plans,” “believes,” “estimates,” or similar expressions , and statements regarding matters that are not historical facts, but rather are forward-looking information within the meaning of applicable securities laws. These forward-looking statements, which reflect management’s expectations regarding the Company’s future growth, results of operations, performance, business prospects and opportunities, are based on certain factors and assumptions and involve known and unknown risks and uncertainties that may cause actual results and performance to occur. Or achievements may be materially different from future results, performance or achievements expressed or implied by such forward-looking statements.

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These factors should be considered carefully, and readers should not place undue reliance on the Company’s forward-looking statements. The Company believes that the expectations reflected in the forward-looking statements contained in this press release and the documents incorporated by reference herein are reasonable, but no assurance can be given that such expectations will prove to be correct. In addition, although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to occur as anticipated. , intended or intended. The Company undertakes no obligation to publicly release any future revisions to forward-looking statements to reflect events or circumstances after the date of this news release or to reflect the occurrence of unanticipated events, except as expressly required by law, and anticipated events, except as expressly required. By law.

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