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JUNE 29TH, 2010 49 North Resources Inc. Announces Brokered Debenture Offering and Names Interim Chief Financial Officer

SASKATOON, SASKATCHEWAN - (Marketwire – June 29, 2010) 49 North Resources Inc. (“49 North”) (TSX Venture: FNR) is pleased to announce that it has engaged MGI Securities Inc. to act as agent in connection with the offer and sale, on a commercially reasonable basis, of a minimum of $2,000,000 and a maximum of $10,000,000 principal amount 8% convertible unsecured subordinated debentures (the “Debentures”) issued in denominations of $100 and integral multiples thereof. The Debentures will be offered pursuant to the offering memorandum and accredited investor exemptions of National Instrument 45-106 – Prospectus and Registration Exemptions.

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