High North Resources - Operations Update

CALGARY, ALBERTA--(Marketwired - Nov. 18, 2014) -

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES.

High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to provide an operational update regarding recent positive production and Alberta Energy Regulator (the "AER") approval of flaring on a project development basis.

High North announces that its restricted production has stabilized and averaged approximately 300 barrels of oil per day ("bbls/d"), or approximately 500 barrels of oil equivalent per day ("boe/d") from the five horizontal wells drilled to-date on its 100 percent owned twenty contiguous sections in the Girouxville-McLean property. The 500 boe/d included flared gas and associated natural gas liquids ("NGLs") and reflected a material restriction on oil production due to the temporary flaring restrictions imposed by the AER during the month.

The AER has recently granted approval to High North to flare the associated gas production on the twenty contiguous sections currently being developed until August 1, 2015, when the AER and High North expect gas conservation to commence through the Company's proposed gas plant.

Fluid depression tests conducted on the four wells currently on pump: 9-26-75-21W5M, 9-2-76-21W5M, 16-2-76-21W5M and 8-21-76-21W5M substantiate Management's previous statements of the capability to increase production in all wells and with the AER approval, the Company is moving to optimize production.

The Company is encouraged to announce initial drilling results for the vertical portion of the sixth Montney horizontal well, located at 8-9-76-21W5M. This is the Company's sixth well with 100% success rate. Management believes the initial drilling results in the 1-8-76-21W5M vertical portion indicate the presence of Montney oil similar to that indicated at the 9-3-76-21W5M vertical from which the three section 2-76-21W5M Montney oil horizontal producers were drilled. As stated in the Company's press release dated October 28, 2014, the Company expects the drilling of the sixth Montney well to extend to the Montney oil pool boundary and increase its inventory of horizontal drills required to maximize efficient recovery.