Earths North Magnetic Pole . ... Credit Copyright: NOAA Explanation: A magnetic compass does not point toward the true North Pole of the Earth. Rather, it more closely points toward the North Magnetic Pole of the Earth. ... Evidence indicates that the North Magnetic Pole has wandered over much of the Earth's surface in the 4.5 billion years since the Earth formed. ... Indicated in the above picture is Ellef Ringnes Island , the location of Earth's North Magnetic Pole in 1999. ...