Canadian North Resources Inc. reported the assay results for the 6,151 metres in 21 holes of diamond drilling completed during the spring at its 100% owned Ferguson Lake Project (Ferguson Lake Project) in Nunavut, Canada. The Ferguson Lake project contains base metals (nickel, copper, cobalt) and platinum-group metals (PGM, mainly palladium and platinum), as well as potentially lithium minerals, along a 15-km-long main mineralized horizon and numerous additional prospective areas. Highlights: · Completed resource definition drilling on the east extension (an area of 1,200m by 100-250m) of West Zone and the west extension (an area of 1,500m by 100-300m) of East Zone; · Highlighted new assay results: · 10.0m (from 47.57 ?

57.57m) at 0.89% Cu, 0.53% Ni, 0.08% Co, 1.05g/t Pd, 0.12g/t Pt and 0.02g/t Rh (hole FL23-504A); · 5.0m (from 84.5-89.5m) at 0.83% Cu, 0.34% Ni, 0.04% Co, 0.78g/t Pd, 0.12g/t Pt, 0.01g/t Rh and 5.0m (from 119 - 124m) at 0.32% Cu, 0.83% Ni, 0.12% Co, 1.22g/t Pd, 0.19g/t Pt, 0.02g/t Rh (hole FL23-515); · 14.0m (from 16.99-30.99m) at 0.32% Cu, 0.39% Ni, 0.05% Co, 0.65g/t Pd, 0.16g/t Pt, 0.02g/t Rh (hole FL23-501); · 5.0m (from 87.5-92.5m) at 0.61% Cu, 0.83% Ni, 0.07% Co, 1.07g/t Pd, 0.17g/t Pt, 0.01g/t Rh (hole FL23-521). 5 drill rigs are currently operating to complete the planned 20,000-meter drill program in 2023, of which 11,723 meters in 37 holes have been drilled to date.