Mr. Jared Suchan reports

NORTHERN DISCOVERY METALS ANNOUNCES PRIVATE PLACEMENT

Northern Discovery Metals Inc. has arranged a non-brokered private placement of non-flow-through units and flow-through units, respectively, for aggregate gross proceeds of up to $1.5-million.

The NFT units will be offered at a price of 75 cents per NFT unit, for gross proceeds of up to $1-million, and each will be composed of one common share of the company and one-half of one share purchase warrant of the company. Each NFT warrant will entitle the holder to acquire one share at an exercise price of 95 cents for a period of 24 months.

The FT units will be offered at a price of 90 cents per FT unit, for gross proceeds of up to $500,000, and each will be composed of one common share of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one transferable common share purchase warrant of the company. Each FT warrant will entitle the holder to acquire one non-flow-through common share of the company at an exercise price of $1.10 for a period of 24 months.

The company intends to use the net proceeds from the sale of the NFT units for exploration expenses in respect of the company's exploration projects, and for general working capital purposes, including investor relations activities.

The company intends to use the proceeds from the sale of the FT shares to incur eligible Canadian exploration expenses that are intended to qualify as flow-through mining expenditures, as those terms are defined in the tax act.

The offering is expected to close on or about Nov. 16, 2026. Closing of the offering is subject to the receipt of all necessary corporate and regulatory approvals, including approval of the Canadian Securities Exchange. All securities issued in connection with the offering will be subject to a statutory hold period of four months and one day from the applicable date of issuance.

About Northern Discovery Metals Inc.

Northern Discovery is a mineral exploration company focused on the acquisition, exploration and advancement of mineral properties in Canada. The company is exploring for copper at its Vent copper project on Vancouver Island, British Columbia. Northern Discovery Metals intends to advance the Vent copper project through systematic exploration and evaluation of its mineral potential.

We seek Safe Harbor.