HN

THIS PRESS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWS SERVICES OR FOR
DISSEMINATION IN THE UNITED STATES


High North Resources Ltd. ("High North" or the "Company") (TSX VENTURE:HN) - is
pleased to announce a non-brokered private placement financing (the "Financing")
for the sale of 15,000,000 non flow-through units at a price of $0.35 per unit
and 7,500,000 flow-through shares at a price of $0.40 cents per share, for total
gross proceeds of $8,250,000.


Each non flow-through unit is to consist of one common share of the Company and
one half share purchase warrant. Each warrant will entitle the holder to
purchase one common share of the Company at the exercise price of $0.50 for a
period of two years. The Company will pay finder's fees in accordance with TSX
Venture Exchange policy.


All securities issued pursuant to the Financing are subject to a four month hold
period from the date of issuance. The Financing and the finder's fees are
subject to approval from the TSX Venture Exchange.


Proceeds of the Financing will be used to advance the Company's landholdings
acquired through the proposed acquisition of Valleyview Exploration Inc
("Valleyview"), previously announced April 23rd, 2013 and for general working
capital.


Board of Directors and Management 

The Company is pleased to announce the appointment of Colin Soares as President
and Director. Mr. Soares is a professional engineer and is currently President
of Gamma Ventures Inc., an investment firm. He is also President of Niloc
Engineering Ltd., a management consulting firm specializing in oil and gas
ventures. Mr. Soares received his BSc. in Chemical Engineering from the
University of Waterloo in 1978. 


Mr. Soares has a history of identifying strategic opportunities and increasing
value through optimization and horizontal drilling and completions. Mr. Soares
was President and Founder, of Rocor Resources Inc., a privately owned
exploration company that proved the Montney resource play in the Monias BC area,
south of Fort St. John. Rocor Resources Inc. was sold to Petrobank (PetroBakken)
for over $50 million in 2008. 


Ed Kruchkowski has resigned as Director of the Board. The Company would like to
thank Mr. Kruchkowski for his contributions and wish him the best. 


Kyle Stevenson has resigned as President of the Company and remains on the Board
of Directors. 


About Valleyview Exploration Inc. 

Valleyview Exploration Inc. is a privately held Alberta oil and gas exploration
and development company. Valleyview has a farm-in agreement to acquire 111
sections (71,040 acres) of prospective oil and gas leases in the Peace River
Arch area of northwestern Alberta. 


The oil and gas leases are strategically concentrated into seven blocks with
hydrocarbon potential ranging from the Cretaceous Dunvegan through to the
Devonian Granite Wash formation. Immediately offsetting the northeasterly
leases, an independent unrelated company is developing Montney oil. Certain
wells adjacent to Valleyview's leases are producing at over 300 boe/d.
Valleyview leases may also be prospective for Duvernay oil with a recent offset
well flowing high gravity oil from this formation. 


READER ADVISORY 

This news release contains certain statements that may be deemed
"forward-looking statements. Forward looking statements are statements that are
not historical facts and are generally, but not always, identified by the words
"expects", "plans", "anticipates", "believes", "intends", "estimates",
"projects", "potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur. Although High North believes
the expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward looking
statements. Forward looking statements are based on the beliefs, estimates and
opinions of High North's management on the date the statements are made. Except
as required by law, High North undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.


The forward-looking statements contained in this press release are made as of
the date of this press release, and the Corporation does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by securities law. 


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.


FOR FURTHER INFORMATION PLEASE CONTACT: 
High North Resources Ltd.
Arn Schoch
CEO/Director
(604) 780 9810
investor@highnorthresources.com

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