SASKATOON, SASKATCHEWAN--(Marketwire - March 25, 2010) - Mr. Tom MacNeill, President and CEO of 49 North Resources Inc. ("49 North") (TSX VENTURE:FNR) is pleased to announce 49 North has entered into binding agreements pursuant to which, subject to the satisfaction of certain conditions, it will acquire 89.5% of the issued and outstanding common shares of a private company with oil and gas assets in the Kindersley area of Saskatchewan (the "Acquisition").