Copper North Announces Closing of Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - Nov. 5, 2014) -

This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless registered under the U.S. Securities Act and applicable securities laws or an exemption from such registration is available.

Copper North Mining Corp. ("Copper North" or the "Company") (TSX VENTURE:COL) announces that it has completed the non-brokered private placement (the "Private Placement") of flow-through shares and units announced on September 11, 2014, as revised October 27, 2014.

The Private Placement is comprised of 2,082,834 flow-through shares at a price of $0.06 per flow-through share and 3,892,000 units of the Company (the "Units") at a price of $0.06 per Unit for aggregate gross proceeds of $358,490.

Each Unit consists of one common share of the Company (a "Share") and one half of one non-transferable warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.09. The Warrants will expire on November 5, 2016.

In connection with the flow-through share portion of the Private Placement, the Company paid $6,248.50 in cash and issued 104,141 warrants as finders' fees. The finders' warrants have the same terms as the Warrants issued to subscribers.

All securities issued and issuable as part of the Private Placement are subject to a hold period of four months and one day and as such may not be traded until March 6, 2015. The Company intends to use the proceeds from the Private Placement to complete the technical review and for exploration of the Carmacks Project, for exploration at the Thor property, and for working capital and general corporate purposes.

On behalf of the Board of Directors:

Dr. Harlan Meade, President, CEO and Director

About Copper North

Copper North is a Canadian mineral exploration and development company. Copper North's assets include the Carmacks Project located in the Yukon, the Redstone property located in the Northwest Territories, and the Thor property in British Columbia. Copper North trades on the TSX Venture Exchange under the symbol COL.

This news release includes certain forward-looking information or forward-looking statements for the purposes of applicable securities laws. These statements include, among others, statements with respect to the use of proceeds from the Private Placement. These statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, the timing and success of future exploration and development activities, exploration and development risks, market prices, exploitation and exploration results, availability of capital and financing, general economic, market or business conditions, uninsured risks, regulatory changes, defects in title, availability of personnel, materials and equipment, unanticipated environmental impacts on operations and other exploration risks detailed herein and from time to time in the filings made by the Company with securities regulators. In making the forward-looking statements, the Company has applied several material assumptions including, but not limited to, the assumptions that any additional financing needed will be available on reasonable terms. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

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.