High North Resources Ltd.

High North Resources Ltd.

May 13, 2014 09:00 ET

High North Resources-Engages Torrey Hills Capital Inc. to Provide Investor Relations Services

CALGARY, ALBERTA--(Marketwired - May 13, 2014) -


High North Resources Ltd. (TSX VENTURE:HN) (the "Company" or "High North") is pleased to announce that San Diego Torrey Hills Capital Inc. ("Torrey Hills") has been retained to provide market awareness and investor relations services to the Company. Torrey Hills, based in Rancho Santa Fe, California, is a leading investor relations firm focused on introducing management teams and marketing small and microcap companies to investors in more than 50 cities across the United States and Canada. Torrey Hills plans to develop and manage a comprehensive finance and investor relations campaign for the Company, including building and maintaining an investor audience, increasing awareness of the Company in the investor community, and co-ordinating communication with management and investment professionals.

"Torrey Hills brings a track record of success working with companies in the oil and gas industry. High North is looking forward to introducing the Company to Torrey Hills' large U.S.-based investor audience," states Colin Soares, Chief Executive Officer of High North.

"We are excited to partner with High North Resources Ltd.," commented Cliff Mastricola, President of Torrey Hills. "High North is a up and coming player in the Canadian oil and gas industry and is still unknown to many oil and gas investors."

Under the terms of the agreement, the Company will pay Torrey Hills USD$6,000 per month for a period of ten months and intends to grant Torrey Hills 200,000 stock options in accordance with TSX Venture Exchange policies and the Company's stock option plan. The agreement may be terminated by either party upon thirty days written notice.

Reader Advisory Regarding Forward-Looking Statements

Certain statements in this news release may be deemed to be "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation. Such forward-looking statements or information include, without limitation, forecasts, estimates, expectations and objectives for future operations and activities that are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Company. 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 or be achieved. This news release contains forward-looking statements, including, expectations regarding the grant of stock options to Torrey Hills and Torrey Hills' investor relations plans, including its intentions to develop and manage a comprehensive finance and investor relations campaign for the Company. Statements regarding future production, capital expenditures and development plans are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas. These risks include, but are not limited to, inflation or lack of availability of goods and services, environmental risks, drilling risks and regulatory changes.

Although High North believes the expectations expressed in such forward-looking statements are reasonable based on information available to it on the dates such statements were made, no assurances can be given as to future results, levels of activity and achievements and such statements are not guarantees of future performance and actual results may differ materially from those in forward-looking statements. Readers should not place undue importance or reliance on the forward-looking information and should not rely on the forward-looking information as of any date other than the date hereof. Further, statements including forward-looking information are made as of the date they are given and 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 information and statements contained in this news release are expressly qualified by this cautionary statement.

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.

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