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HN

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0.00 (0.00%)
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

02/12/2013 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 report the appointment of Michael Black and Lawrence Walter to the
board of directors.


Mr. Black is the senior energy partner, based in Calgary, in the office of the
international law firm of Fasken Martineau DuMoulin LLP. He has extensive oil
and gas experience, both domestically and internationally, in the upstream,
midstream and downstream sectors. He has provided lead counsel advice to
numerous domestic and international companies. Mr. Black is an experienced
director on several energy companies, including public TSX companies. In 2007,
he received his ICD.D designation from the Institute of Corporate Directors.


Mr. Walter is a professional accountant with a Bachelor of Commerce degree from
the University of Calgary and a CMA designation from the Alberta Society of
Certified Management Accountants. Mr. Walter has 28 years of Canadian petroleum
industry experience with extensive executive experience in both private and
public junior oil and natural gas companies. Mr. Walter provides experience in
corporate planning, budgeting and financial reporting to the High North Board of
Directors. Mr. Walter is currently the President and Director of Eastend Energy
Corp. and Long Term Asset Management Inc., both gas focused E&P companies in
Saskatchewan and Alberta. Mr. Walter has held the position of Chief Financial
Officer for several public E&P companies including Belfast Petroleum/Merit
Energy (1997 - 2000), ValVista Energy (2000 - 2005) and RedStar Oil & Gas
(2005-2007). 


Colin Soares, the Company's President and CEO stated "We are very pleased with
the addition of Mr. Black and Mr. Walter to the Company's board of directors.
Mr. Black's and Mr. Walter's extensive industry contacts and experience will be
an invaluable asset as the Company transitions into an oil and gas production
company."


The appointments of Mr. Black and Mr. Walter will fill the vacancies of Arn
Schoch and Brian Morrison, who resigned as directors of High North. The Board
wishes to thank Mr. Schoch and Mr. Morrison for their service on the Board.


Operations Update

The Company has now completed its first two Montney horizontal oil wells and is
conducting pressure surveys.


In addition, the Company has entered into a farmin agreement on 2.25 sections of
land and commenced drilling an earning well. 


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: 
Mr. Colin Soares
Chief Executive Officer, President, and Director
(403) 463-7393
csoares@highnorthresources.com
www.highnorthresources.com

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