49 North Resources Inc. enters credit facility

TSX Venture Exchange symbol FNR

SASKATOON, Jan. 13, 2012 /CNW/ - 49 North Resources Inc. ("49 North") (TSXV: FNR) announces a secured operating line of credit with HSBC Bank Canada. The aggregate amount of the credit facility is $1,850,000 and will be used for short-term project bridge financing, as required. Management is pleased that 49 North has matured to the point where it meets the rigorous requirements of the Canadian senior banking sector.

49 North is a Saskatchewan focused resource investment company with strategic operations in financial, managerial and geological advisory services and merchant banking. Our diversified portfolio of assets includes direct project involvement in the resource sector, as well as investments in shares and other securities of junior and intermediate mineral and oil and gas exploration companies. Additional information about 49 North is available at www.sedar.com.

Neither 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.



SOURCE 49 North Resources Inc.

For further information:

49 North Resources Inc.
Tom MacNeill
President and Chief Executive Officer
306-653-2692 or ir@fnr.ca


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