Mr. Ian Bliss reports

NORTHERN SHIELD PROVIDES UPDATE ON DIAMOND DRILLING AT ROOT & CELLAR PROPERTY, NEWFOUNDLAND, VISIBLE GOLD NOTED IN DRILL-CORE

Northern Shield Resources Inc. has provided an update on the 500-metre diamond drilling program at Root & Cellar. Root & Cellar is located on the Burin peninsula in southeastern Newfoundland. The company can earn up to a 100-per-cent interest in the project, which is being explored for epithermal-gold-silver-type and porphyry-copper-type mineralization, both associated with tellurium.

Four drill holes (23RC-15 to 23RC-18) totalling 282 metres have been completed or are in progress; the holes are located in the southern Conquest zone. These holes have all intersected intervals of brecciated silica-quartz-pyrite and/or marcasite and related alteration, including zones of intensely brecciated and rounded quartz-pyrite-marcasite fragments recemented by a second phase of silica, pyrite and clay minerals. These breccia zones, termed oatmeal breccias by the company, have only been observed in drill holes 23RC-16 and 23RC-17, which intersected the main, north-trending structural feature that correlates well to the principal IP (induced polarization) target below a depth of about 50 metres.

A large aggregate of visible gold was noted in drill hole 23RC-16 associated with bladed marcasite. Visible gold was also noted in a boulder or broken bedrock at the top of drill hole 23RC-18.

"Although we need to wait for assay results, we are very happy with the start of this drilling program with the intersection of multiple zones of quartz and silica breccias and marcasite-bearing quartz veins and blebs. Some of these breccia textures and vein styles have not been seen on surface, yet we see them at a shallow depth in drill core, exemplifying how rapidly the mineralogy can change as a function of depth," stated Ian Bliss, president and chief executive officer of Northern Shield.

To date, the company has completed 2,791 metres of diamond drilling in 18 drill holes (see company news releases dated Dec. 15, 2021, and Feb. 24, 2022).

The drilling project, along with this news release, was overseen by Christine Vaillancourt, PGeo, the company's chief geologist and a qualified person under National Instrument 43-101.

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 itself, its shareholders, and the environment. This approach is what led to the discovery of an alkaline-related gold-silver-tellurium and porphyry copper system at the Root & Cellar project in Newfoundland.

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