Mr. Ian Bliss reports

NORTHERN SHIELD IDENTIFIES VISIBLE GOLD IN OUTCROP AT ROOT & CELLAR PROJECT, NEWFOUNDLAND

Northern Shield Resources Inc. has provided an update on exploration at the Root & Cellar gold-tellurium-silver-copper project located near Marystown on the Burin peninsula, in southeastern Newfoundland. The company can earn a 100-per-cent interest in the project, which is being explored for epithermal gold-tellurium-silver and porphyry copper mineralization.

Visible gold has been identified in at least eight grab samples from a trenching program in the Conquest zone, with up to 20 flecks of gold noted under the microscope from a single sample. Visible gold is largely hosted in quartz-adularia veins in newly exposed parts of the outcrop in the southern Conquest zone. Northerly trending fractures crosscut the outcrop that lies within an east-trending structural zone. Both structural orientations are associated with pyrite mineralization and quartz veining. This trenched outcrop overlies a near-surface, easterly trending, IP (induced polarization) anomaly and the southern tip of a prominent northerly trending IP anomaly modelled at approximately 50 metres depth.

Intense silicification, and multiple phases of brecciation, pyritization and quartz veins, are common characteristics, with some veins with classic colloform-crustiform banding indicative of low sulphidation epithermal systems.

Based on the ice direction and significant differences in textures and vein compositions, the trenched Conquest outcrop is not the source of three large boulders with visible gold previously found approximately 350 metres to the east of the trenched location (see company news releases dated Sept. 7, 2022, Dec. 15, 2022, and Feb. 21, 2023). The source for those previously discovered boulders has yet to be found, and will be targeted by further trenching and the up-coming drilling program.

"We are happy with results from last week's field program: firstly, the discovery of visible gold in bedrock from multiple samples, with some associated with quartz-adularia veinlets; secondly, the identification of some quite striking crustiform-colloform-banded quartz veins; and thirdly, the confirmation of structural trends believed to control mineralization, and their spatial correlation with a deeper, north-trending IP anomaly, interpreted to be the feeder for the mineralization. In addition, the source of visible-gold-bearing boulders, found to the east, remains to be found," stated Ian Bliss, president and chief executive officer.

The contents of this press release have been reviewed and approved by Christine Vaillancourt, PGeo, and the company's chief geologist, who is a qualified person as defined under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

About Northern Shield Resources Inc.

Northern Shield Resources is a Canadian-based company, known as a leader in generating high-quality exploration targets, that views greenfield exploration as an opportunity to discover a near-surface Tier 1 asset at relatively low cost. The company implements a model-driven approach in exploration to reduce risks associated with early-stage projects for the company, its shareholders and the environment. This approach is what led to the discovery of an alkaline-related gold-silver-tellurium-porphyry-copper system at the Root & Cellar project in Newfoundland.

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