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HN

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Share Name Share Symbol Market Type
TSXV:HN TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

High North Resources-Corporate Update Montney Oil Wells

15/01/2014 1:00pm

Marketwired Canada


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is
pleased to provide an update on the Company's operations.


In the third and fourth quarters of 2013, the Company drilled three successful
horizontal oil wells in the Girouxville field, targeting the Montney formation.
Production equipment is currently being installed on the first two wells
16-2-76-21 W5M and 9-2-76-21 W5M. Extended production tests will be conducted in
order to determine stabilized production rates. Both wells have produced good
quality oil even though load fluid remains to be recovered.


The third well 9-26-75-21 W5M was successfully drilled in the Montney formation.
We are encouraged that the Montney formation core analysis indicated the same
reservoir qualities as the first two wells. The formation was frac'd and
production testing has commenced. Details on well flow rates will be made
available when testing is completed.


Further to the Company's press release December 20, 2013, High North has now
accumulated options to acquire up to 20 1/4 sections (12,960 acres) of oil and
gas rights including the oil prospective Montney formation directly offsetting
and parallel to the successful Montney oil field currently being developed in
Girouxville. Horizontal Montney oil wells directly offsetting High North's
leases have good, proven production rates.


About High North Resources Ltd.

High North Resources Ltd. is a TSX.V listed oil and gas development company with
assets near the Peace River Arch area of Northwestern Alberta. In total, the
Company has an option to acquire 129 sections (82,560 acres) of oil and gas
leases strategically concentrated into nine blocks with stacked hydrocarbon
potential, ranging from the Cretaceous Dunvegan through to the Devonian Granite
Wash formation. Multiple conventional and unconventional oil targets are present
including the Montney, Duvernay and Nordegg formations which are on trend and
actively being developed in the Kaybob field.


READER ADVISORY

Neither the 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.


This news release contains certain statements that may be deemed forward-looking
statements. Forward-looking statements are statements that are not historical
facts and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions "will",
"would", "may", "could" or "should" occur. Although High North believes the
expectations expressed in such forward-looking statements are based on
reasonable assumptions, such statements are not guarantees of future performance
and actual results may differ materially from those in forward-looking
statements. Forward-looking statements are based on the beliefs, estimates and
opinions of High North's management on the date the statements are made. Except
as required by law, High North undertakes no obligation to update these
forward-looking statements in the event that management's beliefs, estimates or
opinions, or other factors, should change.


The forward-looking statements contained in this press release are made as of
the date of this press release, and the Company does not undertake any
obligation to update publicly or to revise any of the included forward-looking
statements, whether as a result of new information, future events or otherwise,
except as expressly required by securities law.


THIS PRESS RELEASE, REQUIRED BY APPLICABLE CANADIAN LAWS, IS NOT FOR
DISTRIBUTION TO U.S. NEWS SERVICES OR FOR DISSEMINATION IN THE UNITED STATES,
AND DOES NOT CONSTITUTE AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO SELL
ANY OF THE SECURITIES DESCRIBED HEREIN IN THE UNITED STATES. THESE SECURITIES
HAVE NOT BEEN, AND WILL NOT BE, REGISTERED UNDER THE UNITED STATES SECURITIES
ACT OF 1933, AS AMENDED, OR ANY STATE SECURITIES LAWS, AND MAY NOT BE OFFERED OR
SOLD IN THE UNITED STATES OR TO U.S. PERSONS UNLESS REGISTERED OR EXEMPT
THEREFROM.


The TSX Venture Exchange Inc. has in no way passed upon the merits of the
proposed transaction and has neither approved nor disapproved the contents of
this press release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
High North Resources Ltd.
Mr. Colin Soares
President, Chief Executive Officer, and Director
(403) 463-7393
CSoares@HNresources.ca


High North Resources Ltd.
Investor Relations
(604) 687-1779
www.highnorthresources.com

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