49 North Resources Inc. Completes Initial Acquisition of North Rim Exploration Ltd. Shares

Mr. Tom MacNeill, President and CEO of 49 North Resources Inc. ("49 North") (TSX
VENTURE:FNR) is pleased to announce that 49 North has completed the purchase of
375,000 Class "A" common shares of North Rim Exploration Ltd. ("NREL"). 49 North
will acquire an additional 375,000 Class "A" common shares of NREL on or before
December 31, 2009, following which, 49 North will hold 50% of the issued and
outstanding shares of NREL and the remaining 50% of the shares will be held by
key employees and exclusive consultants of NREL. For further details, please see
49 North Resources Inc.'s news release of October 2, 2009.


NREL, a private company, is Saskatchewan's premier independent geological
consulting company specializing in the field of subsurface geology pertaining to
petroleum, potash and industrial mineral resources. NREL has provided consulting
services to petroleum and mineral resource exploration and development
companies, engineering firms and First Nations since 1984. Acquiring a stake in
NREL will greatly enhance 49 North's position as the dominant early stage
resource development entity in Saskatchewan.


49 North Resources Inc. is a resource investment, financial and managerial
advisory and merchant banking company that invests in the Canadian resource
sector, with an emphasis on junior and intermediate mineral exploration
companies with activities in Saskatchewan. Additional information about the
company is available at www.sedar.com. 


Forward Looking Information: This release contains forward-looking information
within the meaning of applicable Canadian securities legislation, including
statements respecting the completion of 49 North's purchase of the second
tranche of NREL shares. Forward-looking information involves known and unknown
risks, uncertainties and other factors that may cause actual results or events
to differ materially from those expressed or implied by such forward-looking
information. In addition, the forward-looking information contained in this
release is based upon what management believes to be reasonable assumptions.
Readers are cautioned not to place undue reliance on forward-looking information
as it is inherently uncertain and no assurance can be given that the
expectations reflected in such information will prove to be correct. The
forward-looking information in this release is made as of the date hereof and,
except as required under applicable securities legislation, 49 North assumes no
obligation to update or revise such information to reflect new events or
circumstances.