55 North Mining Enters LOI To Acquire Last Hope Gold Project

TORONTO - 55 North Mining Inc. has entered into a binding letter of intent (LOI) with 2552883 Ontario Inc., whereby 55 North will enter into a business combination with 2552883 (a three cornered amalgamation) whereby the shareholders of 2552883 will become shareholders of 55 North.  2552883 is the owner of an option to acquire 100% of the rights, title and interest in the Last Hope Gold Project, a high grade gold project located in the emerging Lynn Lake Gold Camp in northern Manitoba.