Mr. Ian Bliss reports

NORTHERN SHIELD COMMENCES PRIVATE PLACEMENT

Northern Shield Resources Inc. intends to undertake a non-brokered private placement financing for aggregate gross proceeds of $600,000.

The offering will comprise 15 million units at four cents per unit, with each unit consisting of one common share in the capital of the company and one common share purchase warrant. Each warrant is exercisable for one common share at a price of 10 cents per share within 24 months of closing. Proceeds from the offering will be used primarily for a planned 3,000-metre diamond drill program and other exploration at the company's Root & Cellar property, and for general working capital purposes.

The units will be sold to accredited investors and other exempt parties pursuant to exemptions from prospectus requirements under Canadian securities laws, and the company has been authorized to pay up to 6 per cent cash finders' fees and issue up to 6 per cent warrants, where applicable, to certain registered brokers and dealers in respect of investors introduced to the company who purchase units.

Securities issued under the offering are subject to restrictions on resale for a period of four months and a day from the date of closing. The offering is subject to final approval of the TSX Venture Exchange. The company anticipates closing on March 14, 2025

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 find a Tier 1 asset near surface and at relatively low cost. The company implements a model-driven exploration approach to reduce the risk associated with early-stage projects for itself, its shareholders and the environment. This approach led the company to option the Root & Cellar property from a Newfoundland prospector, who discovered the mineralization, and then its advancement to a large gold-silver-tellurium and copper porphyry system.

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