High North Resources: Start of 2014 Montney Oil Drilling Program

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CALGARY, ALBERTA -- (Marketwired - May 28, 2014) - High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce the start of their 2014 Montney oil development drilling program at the Company's Girouxville-Mclean property.

The Company's fourth well 08-21-076-21W5M, located on the northern portion of the Company's property, commenced drilling on May 22, 2014. The drill location is adjacent to a section of land which a neighbouring oil and gas producer has applied to drill four Montney oil horizontal wells on. Currently, coring of the target formation has been completed and management is encouraged by the presence of hydrocarbons.

The Company's fifth well located at 08-02-076-21W5M is scheduled to commence drilling in early June, 2014 and directly offsets a neighbour's Montney oil well which reported a 30 day Initial Production rate of 360 barrels of oil per day.

High North's Girouxville-Mclean property is located in Townships 075 to 076, Range 21 W5M, approximately 320 kilometres northwest of Edmonton, Alberta. The Company holds a 100 percent working interest in three horizontal wells producing 28 degree API oil from the Montney Formation. High North now holds a contiguous block of lands comprising 20.25 sections with current drilling, directly offsetting significant production from a neighbouring oil and gas producer.

As of June 1, 2014, the Company anticipates it will have earned a 100 percent working interest in 38.25 sections of land with prospective Montney rights through acquisitions of Crown land and wells drilled to date. The Company expects to drill a minimum of four horizontal wells per section targeting Montney oil on these prospective lands. The Company additionally can earn an additional 134.25 sections of Montney rights through future drilling commitments.


Reader Advisory Regarding Forward-Looking Statements

Certain statements in this news release may be deemed to be "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation. Such forward-looking statements or information include, without limitation, forecasts, estimates, expectations and objectives for future operations that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. 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 or be achieved. This news release contains forward-looking statements, including, expectations regarding: drilling commitments and completion activities, the Company's drilling schedule and the number of wells to be drilled and the Company's ability to earn additional lands. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes.

Although High North believes the expectations expressed in such forward-looking statements are reasonable based on information available to it on the dates such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Readers should not place undue importance or reliance on the forward-looking information and should not rely on the forward-looking information as of any date other than the date hereof. Further, statements including forward-looking information are made as of the date they are given and 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 information and statements contained in this news release are expressly qualified by this cautionary statement.

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.



CONTACT INFORMATION

High North Resources Ltd.
Mr. Colin Soares, President, Chief Executive Officer and Director
(403) 454-5565
csoares@highnorthresources.com

Mr. Kyle Stevenson, Investor Relations and Director
(604) 687-1779
kstevenson@highnorthresources.com
www.highnorthresources.com