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49 North Resources Inc. Announces Grant of Stock Options

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^{Published in Business and Finance on Wednesday, October 5th 2011 at 15:45 GMT by Market Wire}  

SASKATOON, SK, Oct. 5, 2011 /CNW/ - The board of directors of 49 North Resources Inc. ("49 North" or the "Company") (TSX-V:FNR) has approved the grant of 20,000 stock options to an employee pursuant to the Company's 2008 Stock Option Plan. The options are exercisable at $3.01 per share, and if not exercised, expire October 3, 2021, subject to earlier expiration in accordance with the 2008 Stock Option Plan and the applicable policies of the TSX Venture Exchange.

49 North is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies. Additional information about 49 North is available at [ www.sedar.com ].

Neither 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.