79North Inc. reported that with respect to the recently announced acquisition of 100% interest in the Caribou Project, Ontario, near Armstrong, Ontario, the Company has entered into a Memorandum of Understanding (MoU) for initial exploration of the project with the Whitesand First Nation. The claims of the project are within the traditional area of the Whitesand First Nation, which adjoins the town of Armstrong Ontario, approximately 250 kilometres northeast of the City of Thunder Bay. The MoU is for initial, non-mechanized, exploration of the claims. The Company agrees to keep the Whitesand First Nation community informed of its activities and to prioritize engaging members of the Whitesand First Nation in employment, training, and business opportunities associated with the project.

Additional claims that may be acquired by the Company in the traditional area of Whitesand First Nation will also be subject to the MoU.