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 SASKATOON, SASKATCHEWAN - (CNW – March 1, 2012) 49 North Resources Inc. (“49 North” or the “Company”) (TSXV: FNR) will pay total cash dividends of two cents on each common share outstanding, payable on or after March 31, 2012, to shareholders of record at the close of business on March 15, 2012. The entire amount of the dividend constitutes an eligible dividend for Canadian income tax purposes. Shareholders with questions regarding the tax treatment of dividends should consult their own tax advisers or contact their local office of the Canada Revenue Agency and where applicable, the provincial tax authorities.

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 SASKATOON, SASKATCHEWAN - (CNW – March 1, 2012) 49 North Resources Inc. (“49 North” or the “Company”) (TSXV: FNR), provides an update on the operations of Allstar Energy Limited, a wholly owned subsidiary of 49 North.

Kindersley Viking:

The Company has successfully completed a 2 (net 1.64 to the Company) well horizontal drilling program on its Viking property at Kindersley, Saskatchewan. The two wells are now flow lined and tied in to our 100% owned battery. The wells were drilled into the Viking formation using the same monobore technology that has been deployed on all of the other 15 horizontals that Allstar has drilled at Kindersley. The Company will provide a further update with production information once the wells are through the 90 day initial production phase.

With 17 wells now on production at Kindersley, the Company has garnered sufficient production data to estimate expected results from future drilling campaigns. The Company currently is implementing a program to drill 5 horizontal wells, which will be completed within the next 30 days.

Current production from the Kindersley Viking wells exceeds 500 boe based on field estimates.

Red Pheasant:

The Company has completed its 15.8 square kilometer 3D seismic program (the “Program”) across the southern portion of its 100% owned Red Pheasant First Nation’s lands and interpreted the results of the Program. The Program was designed to support the thesis that the Sparky formation is continuous throughout the southern portion of the Red Pheasant lands, identify a potential location for a pilot water flood project within the Sparky based on thicker sand intervals and map the Lower Manville channel (Lloydminster formation) that was identified in the 2011 drilling program.

Interpretation of the Program shows that the Sparky formation is continous across approximately 90% of the seismic area and also shows distinct areas of increased thickness and increasingelevation towards the Northern portion of the lands subject to the Program, which moves towards the middle of the Red Pheasant lands. The Program has identified numerous locations that would be ideal for placement of a water flood pilot project and has also shown that the Sparky formation is open in all directions surrounding the Program lands.

Furthermore, the seismic has successfully shown that the Lower Manville formation rises in elevation in the Northern portion of the Program lands, which is encouraging as the bottom of the formation appears to rise above the elevation of the oil/water contact point identified in previous wells drilled by the Company. The Lower Manville formation continues to look very prospective in the Northern portion of the seismic area and appears to continue rising and expanding to the North, which is well within the Red Pheasant lands.

Production on the Red Pheasant lands is currently in the range of 50 - 75 bbl/day. Management is very pleased with the initial results as they bode well economically given the size of the land base and potential aerial extent of exploitable oil in place.

Riverside:

The Riverside project consists of lands acquired in the recent Saskatchewan Crown land sale, as was disclosed in our press release of October 28, 2011. The Company is currently acquiring trade 2D seismic which will allow for the licensing of two exploration holes.

 SASKATOON, SASKATCHEWAN - (CNW – March 1, 2012) 49 North Resources Inc. (“49 North” or the “Company”) (TSXV: FNR) will pay total cash dividends of two cents on each common share outstanding, payable on or after March 31, 2012, to shareholders of record at the close of business on March 15, 2012. The entire amount of the dividend constitutes an eligible dividend for Canadian income tax purposes. Shareholders with questions regarding the tax treatment of dividends should consult their own tax advisers or contact their local office of the Canada Revenue Agency and where applicable, the provincial tax authorities.

For a complete pdf click here

 SASKATOON, SASKATCHEWAN - (CNW – March 1, 2012) 49 North Resources Inc. (“49 North” or the “Company”) (TSXV: FNR), provides an update on the operations of Allstar Energy Limited, a wholly owned subsidiary of 49 North.

Kindersley Viking:

The Company has successfully completed a 2 (net 1.64 to the Company) well horizontal drilling program on its Viking property at Kindersley, Saskatchewan. The two wells are now flow lined and tied in to our 100% owned battery. The wells were drilled into the Viking formation using the same monobore technology that has been deployed on all of the other 15 horizontals that Allstar has drilled at Kindersley. The Company will provide a further update with production information once the wells are through the 90 day initial production phase.

With 17 wells now on production at Kindersley, the Company has garnered sufficient production data to estimate expected results from future drilling campaigns. The Company currently is implementing a program to drill 5 horizontal wells, which will be completed within the next 30 days.

Current production from the Kindersley Viking wells exceeds 500 boe based on field estimates.

Red Pheasant

The Company has completed its 15.8 square kilometer 3D seismic program (the “Program”) across the southern portion of its 100% owned Red Pheasant First Nation’s lands and interpreted the results of the Program. The Program was designed to support the thesis that the Sparky formation is continuous throughout the southern portion of the Red Pheasant lands, identify a potential location for a pilot water flood project within the Sparky based on thicker sand intervals and map the Lower Manville channel (Lloydminster formation) that was identified in the 2011 drilling program.

Interpretation of the Program shows that the Sparky formation is continous across approximately 90% of the seismic area and also shows distinct areas of increased thickness and increasingelevation towards the Northern portion of the lands subject to the Program, which moves towards the middle of the Red Pheasant lands. The Program has identified numerous locations that would be ideal for placement of a water flood pilot project and has also shown that the Sparky formation is open in all directions surrounding the Program lands.

Furthermore, the seismic has successfully shown that the Lower Manville formation rises in elevation in the Northern portion of the Program lands, which is encouraging as the bottom of the formation appears to rise above the elevation of the oil/water contact point identified in previous wells drilled by the Company. The Lower Manville formation continues to look very prospective in the Northern portion of the seismic area and appears to continue rising and expanding to the North, which is well within the Red Pheasant lands.

Production on the Red Pheasant lands is currently in the range of 50 - 75 bbl/day. Management is very pleased with the initial results as they bode well economically given the size of the land base and potential aerial extent of exploitable oil in place.

Riverside

The Riverside project consists of lands acquired in the recent Saskatchewan Crown land sale, as was disclosed in our press release of October 28, 2011. The Company is currently acquiring trade 2D seismic which will allow for the licensing of two exploration holes.

For a complete pdf click here

February 28, 2012

49 NORTH RESOURCES INC. COMPLETES PURCHASE OF REMAINING SHARES OF ALLSTAR ENERGY LIMITED

SASKATOON, SASKATCHEWAN – (CNW – February 28, 2012) 49 North Resources Inc. (“49 North”) (TSXV: FNR) has closed on the purchase of the remaining shares of Allstar Energy Limited (“Allstar”). 49 North paid an aggregate of $1,250,000 to the vendors of the shares, which price was satisfied by the issuance of 288,462 common shares of 49 North at a deemed price of $3.25 per share, cash consideration of $100,000 payable at closing and the issuance of an interest free promissory note in the amount of $212,500 due April 30, 2012. For additional information respecting the transaction, please see our news release dated February 8, 2012.

For a complete PDF version click here