High North Resources Ltd. to Appoint New Director and Corporate Update

CALGARY, ALBERTA--(Marketwired - Sept. 23, 2014) -

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High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce the following recent developments:

New Director

The Company has entered into an agreement with Redhill Resources Corp. (the "Shareholder") to appoint a new director to the board of directors (the "Board") following the Company's upcoming annual and special meeting of shareholders on September 25, 2014 (the "Meeting"). The Shareholder owns or exercises control or discretion of over 10% of the Company's issued and outstanding common shares on a post-conversion beneficial ownership basis.

At the Meeting, shareholders will be asked to elect the Company's six nominees, as set out in the Company's management information circular in respect of the Meeting. The Shareholder has agreed to vote its shares in favor of the Company's nominees at the Meeting.

The Company has agreed that promptly following the Meeting, Mr. Colin Soares will resign from the Board and the Board will appoint Mr. Jamie Carlson to fill the resulting vacancy.

Mr. Soares will continue to lead the High North team in his current capacity as President and Chief Executive Officer, furthering the Company's Montney development efforts in its core area of Girouxville in Northwestern Alberta.

Mr. Carlson has over 20 years of broad based oil and gas development, operations and management expertise. Mr. Carlson's experience includes production engineering and operations, business development, project management and asset evaluation. Mr. Carlson has played a key role in developing several assets from inception to later stage development with resulting values of several million to over a billion dollars. Mr. Carlson is a Professional Engineer and he is a member of the Association of Professional Engineers & Geoscientists of Alberta, the Society of Petroleum Engineers, the Canadian Heavy Oil Association, the Canadian Society of Unconventional Resources, and Cogen Canada.

"High North intends to leverage the operational and reservoir management experience that Mr. Carlson offers. We have a Board with strong energy and industry experience that will support the Company's growth initiatives," stated Colin Soares, President and Chief Executive Officer of the Company.

Commitment Letter

The Company has entered into a commitment letter with Alberta Treasury Branches (the "Lender") and Valleyview Exploration Inc., as guarantor, for a revolving operating credit facility initially capped at $6,000,000 (the "Credit Facility").