55 North Mining Inc. reported an updated NI 43-101 compliant resource estimate on its high grade Last Hope Gold Project in Lynn Lake Manitoba. The company notes that the updated resource estimate does not reflect any new drilling, but was prepared to reflect: 1) a recent (February 2021) site visit by the Technical Report authors, P&E Mining Consultants Inc., and, 2) using an updated gold price and costs used to calculate the cut- off grade for the resource estimate. With regards to the latter, a higher gold price was used (USD 1,550/oz versus the previous $1,225/oz) representing the approximate 2 year trailing average price as at December 31, 2020. This was partially offset by the effect of a higher mining cost (CAD 90/tonne versus the previous CAD 80/tonne) resulting in a cut-off grade of 1.8 g/t (versus the previous 2.0 g/t). The resulting updated resource estimate is as follows: There are currently 2 diamond drill rigs operating on the Last Hope Gold Project resource area. The goal is to infill, upgrade and extend the current resource estimate. Drill results will be released in the coming weeks as drill results are received, compiled, and analyzed. A new resource estimate, reflecting this new data, is expected to be completed before the end of 2021.