High North Resources: Corporate Update

high-north-resources-corporate-update

CALGARY, ALBERTA--(Marketwired - Dec. 2, 2013) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to report the appointment of Michael Black and Lawrence Walter to the board of directors.

Mr. Black is the senior energy partner, based in Calgary, in the office of the international law firm of Fasken Martineau DuMoulin LLP. He has extensive oil and gas experience, both domestically and internationally, in the upstream, midstream and downstream sectors. He has provided lead counsel advice to numerous domestic and international companies. Mr. Black is an experienced director on several energy companies, including public TSX companies. In 2007, he received his ICD.D designation from the Institute of Corporate Directors.

Mr. Walter is a professional accountant with a Bachelor of Commerce degree from the University of Calgary and a CMA designation from the Alberta Society of Certified Management Accountants. Mr. Walter has 28 years of Canadian petroleum industry experience with extensive executive experience in both private and public junior oil and natural gas companies. Mr. Walter provides experience in corporate planning, budgeting and financial reporting to the High North Board of Directors. Mr. Walter is currently the President and Director of Eastend Energy Corp. and Long Term Asset Management Inc., both gas focused E&P companies in Saskatchewan and Alberta. Mr. Walter has held the position of Chief Financial Officer for several public E&P companies including Belfast Petroleum/Merit Energy (1997 - 2000), ValVista Energy (2000 - 2005) and RedStar Oil & Gas (2005-2007).

Colin Soares, the Company's President and CEO stated "We are very pleased with the addition of Mr. Black and Mr. Walter to the Company's board of directors. Mr. Black's and Mr. Walter's extensive industry contacts and experience will be an invaluable asset as the Company transitions into an oil and gas production company."

The appointments of Mr. Black and Mr. Walter will fill the vacancies of Arn Schoch and Brian Morrison, who resigned as directors of High North. The Board wishes to thank Mr. Schoch and Mr. Morrison for their service on the Board.

Operations Update

The Company has now completed its first two Montney horizontal oil wells and is conducting pressure surveys.

In addition, the Company has entered into a farmin agreement on 2.25 sections of land and commenced drilling an earning well.

READER ADVISORY

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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 Company 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.

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

 
Mr. Colin Soares
Chief Executive Officer, President, and Director
(403) 463-7393
csoares@highnorthresources.com
www.highnorthresources.com

High North Resources Ltd  

$0.320 +0.035 (12.28%)

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