CALGARY, Alberta and TORONTO, July 06, 2022 (GLOBE NEWSWIRE) -- Magnetic North Acquisition Corp. (TSXV: MNC; MNC.PR.A) ("Magnetic North" or the "Company") announces that in connection with the filing of the Company's annual audited financial statements for the financial year ended December 31, 2021 on June 27, 2022, the management cease trade order (MCTO) issued by the Alberta Columbia Securities Commission on May 4, 2022 has expired and is no longer in effect.

About Magnetic North Acquisition Corp.

Magnetic North invests and manages businesses on behalf of its shareholders and believes that capital alone does not always lead to success. With offices in Calgary and Toronto, our experienced management team applies its considerable management, operations and capital markets expertise to ensure its investee companies are as successful as possible for shareholders. Magnetic North common shares and preferred shares trade on the TSX Venture Exchange under the stock symbol MNC and MNC.PR.A, respectively. The TSX Venture recently announced that Magnetic North is a "2021 TSX Venture 50" recipient. For more information about Magnetic North, visit its website at . Magnetic North's securities filings can also be accessed at .

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.