49 North Resources Inc. announced the resignation of the Honourable C. Michael Ryer as a director effective May 9, 2013. A director with 49 North since June 15, 2010, Mr. Ryer is resigning from the board to pursue other endeavors.

49 North Resources Inc. filed its Annual on Apr 30, 2013 for the period ending Dec 31, 2012. In this report its auditor, Ernst & Young LLP, gave an unqualified opinion expressing doubt that the company can continue as a going concern.

49 North Resources Inc. announced the commencement of a 6 well drilling program on the Riverside property owned by Allstar Energy Limited, a subsidiary of 49 North. The target locations were selected in the Success formation based on the results of the 3D seismic testing announced on September 25, 2012. Using this interpreted 3D seismic data, the first well in the program was drilled 400 meters north of a producing recompleted well in the southwestern portion of the Riverside land package. Drilling encountered an oil bearing zone of approximately 40 meters. The second well in the program was drilled a further 600 meters north of the first well (1,000 meters north of the recompleted well) and encountered an oil bearing zone of approximately 32 meters. Drilling of the 6 well program is anticipated to be completed by the end of December 2012. Production completions will be initiated next week.