FNR - <span class="simulate_din_font">49 North Resources Inc. declares quarterly dividend of $0.02 per share</span> (CAD 0.02)

Company: 49 North Resources Inc.
Stock Name: FNR
Amount: CAD 0.02
Announcement Date: 01/03/2012
Record Date: 13/03/2012

Dividend Detail:

---

TSX Venture Exchange Symbol FNR

SASKATOON, March 1, 2012 /CNW/ - 49 North Resources Inc. ("49 North" or
the "Company") (TSXV: FNR) will pay total cash dividends of two cents
on each common share outstanding, payable on or after March 31, 2012,
to shareholders of record at the close of business on March 15, 2012.
The entire amount of the dividend constitutes an eligible dividend for
Canadian income tax purposes. Shareholders with questions regarding the
tax treatment of dividends should consult their own tax advisers or
contact their local office of the Canada Revenue Agency and where
applicable, the provincial tax authorities.

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.

For further information:

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