Sixty North Gold Provides Update on Mon Gold Mine Logistics and Development

Rhea-AI Summary

Sixty North Gold (OTC: SXNTF) provided a logistics and development update for the wholly owned Mon Gold Mine near Yellowknife, NWT.

The company says a new 100 tpd mill is en route to Canada, expected to land February 20, 2026, with assembly planned for late April and initial commissioning targeted for June–July 2026. Winter road construction and site mobilization continue; crews will haul 19 truckloads of supplies in February–March and install a 20‑man trailer camp. The mill is planned to operate 24/7, treating material from the A‑Zone second level while evaluating DD‑Zone and extending the main ramp.

Positive

• 100 tpd mill expected to land on Feb 20, 2026
• Planned mill assembly in late April 2026
• Initial commissioning targeted for June–July 2026
• Planned 24/7 mill operation treating A‑Zone material

Negative

• Estimated arrival times may change due to weather
• Site requires cleanup after 2023 wildfires
• Logistics depend on a winter road and 19 truckloads

Vancouver, British Columbia--(Newsfile Corp. - February 4, 2026) - Sixty North Gold Mining Ltd. (CSE: SXTY) (FSE: 2F40) (OTC Pink: SXNTF) (the "Company" or "Sixty North Gold") is pleased to provide an update on its plan to commence gold production this year on its wholly-owned Mon Gold Mine, Yellowknife, NWT.

Our new 100 tpd mill is now on a container ship due to land in Canada on February 20^th, 2026. We are cautioned that estimated times may change due to weather or other unforeseen events.

Construction of the entire length of our winter road from Highway 4, 20 km east of Yellowknife to our mine site is progressing well. The Company plans to haul a total of 19 truckloads of supplies, including the 100 tpd mill, to site in February and March.

Crews are scheduled to arrive in Yellowknife with supplemental equipment in advance of the mill delivery, to install a new 20-man trailer camp, and to clean and remove accumulated debris left over from the 2023 wildfires that destroyed our old camp and miscellaneous equipment. Major mining equipment, fuel tanks, and infrastructure on site avoided any fire damage due to well planned construction, placement and serendipity.

The Company plans to commence assembly of the mill in late April with initial commissioning of the mill in June and July. We plan to operate this 100 tpd mill 24/7, treating material extracted from the second level of the A-Zone vein below the historic stopes. The DD-Zone will be evaluated for potential stope development, and we plan to extend the main ramp to the third level.

About the Company

Sixty North Gold is developing mining operations for gold on its 100-per-cent-owned Mon Gold Project. Mining in the 1990's extracted 15,000 tonnes of ore to depths of only 15 metres below surface, recovering an estimated 15,000 ounces of gold in the 1990s (Company Technical Report NI 43-101, August 3, 2023 on SEDAR or https://sixtynorthgold.com/projects/technical-report/). Recently, underground development has intersected the productive A-Zone 17 m below the historic stopes as well as a newly identified zone, the DD-Zone in the main ramp. The company plans to develop and mine stopes in the East Limb, West Limb and DD Zone and to extend the ramp to allow for the development of deeper levels.

The silver-rich VMS deposits (https://sixtynorthgold.com/projects/volcanogenic-massive-sulphide-vms-deposits/), the large shear zone-hosted gold targets (https://sixtynorthgold.com/projects/shear-zones/), and the critical-element-enriched IOCG-style mineralization (https://sixtynorthgold.com/projects/iocg-target/) will be explored and developed as warranted.

The Yellowknife gold camp hosts two mines that averaged 30 gpt gold or better (Discovery Mine with one million ounces of gold produced, and Sixty North Gold's Mon Mine), and two that averaged 15 gpt or better for a total production of over 14 million ounces of gold (Con Mine and Giant Mine); (ref. Company Technical Report NI 43-101, August 3, 2023). The Yellowknife Gold Belt is an historic gold producer and hosts the people and experience to bring this Archean gold belt back to life.

The technical content of this release has been reviewed and approved by Dr. D.R. Webb, P.Geol, P.Eng., President and CEO of Sixty North Gold Mines Ltd.

For more information, please refer to the Company's public filings available on SEDAR (www.sedarplus.ca), under the Company's profile.

ON BEHALF OF THE BOARD OF DIRECTORS

"Dave Webb"
Dave Webb, President & CEO

For further information, please contact:
Dave Webb
Tel.: 604 818-1400
Email: dave@drwgcl.com
Website: www.sixtynorthgold.com

Statements about the Company's future expectations and all other statements in this press release other than historical facts are "forward looking statements". Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Further details about the risks applicable to the Company are contained in the Company's public filings available on SEDAR (www.sedarplus.ca), under the Company's profile.

THE CANADIAN SECURITIES EXCHANGE HAS NOT APPROVED NOR DISAPPROVED THE CONTENT OF THIS PRESS RELEASE.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/282697

FAQ

When will Sixty North Gold (SXNTF) receive the 100 tpd mill for Mon Gold Mine?

The company expects the 100 tpd mill to land in Canada on February 20, 2026. According to the company, shipping dates may change due to weather or other unforeseen events, and final on‑site delivery timing depends on winter road haul schedules.

What is Sixty North Gold's (SXNTF) timeline to commission the Mon Gold Mine mill?

Sixty North plans to assemble the mill in late April 2026 with initial commissioning in June–July 2026. According to the company, crews and supplemental equipment will arrive earlier to install camp infrastructure and prepare the site for assembly.

How will the new 100 tpd mill operate at Mon Gold Mine (SXNTF)?

The company plans to operate the 100 tpd mill 24/7, treating material from the A‑Zone second level below historic stopes. According to the company, the DD‑Zone will be evaluated for potential stope development and the main ramp may be extended to level three.

What logistics steps is Sixty North Gold (SXNTF) taking to mobilize Mon Gold Mine supplies?

Sixty North plans to haul a total of 19 truckloads of supplies to site in February and March and install a 20‑man trailer camp. According to the company, winter road construction from Highway 4 is progressing and crews will clear wildfire debris before mill arrival.

What operational risks did Sixty North Gold (SXNTF) note for Mon Gold Mine startup?

The company cautioned that estimated arrival and mobilization times may change due to weather or other unforeseen events. According to the company, dependency on the winter road and remaining wildfire cleanup create logistical risks that could affect the planned timeline.