People | People-Resignation

High North Resources' President and CEO Resigns

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High North Resources Ltd. has announced the resignation of Colin Soares as President and Chief Executive Officer of the Company effective December 18, 2014, and the appointment of Paul Starnino as President and Chief Executive Officer and as a member of the board of directors of High North effective December 18, 2014.

Paul Starnino has been involved in the oil and natural gas business for over 28 years. Mr. Starnino was previously President and Chief Executive Officer of E3 Energy and E4 Energy, as well as VP, Exploration for both CrownJoule Exploration and Ravenwood Energy. Mr. Starnino founded and has been directly involved in growing companies from zero to 3,500 barrels of oil equivalent per day (boe/d) and has been a director of companies that have grown from zero to 45,000 boe/d. Mr. Starnino was previously a member of the board of directors of Starpoint Energy Trust, TriStar Oil & Gas Ltd. and Twin Butte Energy Ltd. as well as E4 Energy and E3 Energy. Mr. Starnino is currently a director of Momentus Energy Corp., a private junior oil and gas company engaged in the exploration of oil and natural gas reserves in Montana. Mr. Starnino holds an Honors Degree in Physics from the University of Waterloo.

High North's Chairman, Michael Black, stated: "We would like to thank Colin for his commitment and contributions to the Company, which have fundamentally shaped the growth of High North.

We are extremely pleased with the addition of Paul Starnino to the leadership team at High North as he brings enormous technical and strategic experience in the oil and gas industry to the Company. An oil and gas company needs an experienced oil and gas leader, and we could not be happier that Paul has agreed to assume this role."