Mr. Ian Bliss reports

NORTHERN SHIELD ADDS FLOW-THROUGH COMPONENT TO CURRENT FINANCING

Northern Shield Resources Inc. intends to add a flow-through unit component to its current non-brokered private placement financing first announced in a press release dated March 3, 2025.

The flow-through component (the FT component) will comprise flow-through units at five cents per flow-through unit. Each flow-through unit will consist of one common share in the capital of the company issued on a flow-through basis within the meaning of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each FT warrant is exercisable for one common share at a price of 12.5 cents per share within 24 months of the closing. Proceeds from the FT offering will be used to incur eligible exploration expenses at the Root & Cellar property (qualifying expenditures) and the company will renounce the qualifying expenditures to subscribers of the flow-through units for the year ended Dec. 31, 2025.

The proceeds will be used to finance a planned 3,000-metre drill program to test a large 3-D magnetic model with local, coincident IP chargeability anomalies that underlie part of the Conquest zone at Root & Cellar. Drilling in 2023 along with the extension of the Discovery trench in 2024 identified multiple occurrences of visible gold with grades of grab samples up to 78 grams per tonne Au (see company news release, Sept. 5, 2024). Continuing work has indicated this area to be the very top of an up-flow or feeder zone of an intact epithermal system. The 3-D magnetic model shows the Discovery trench area to correlate with one branch of the much larger magnetic model.

The flow-through units will be sold to accredited investors and other exempt parties pursuant to exemptions from prospectus requirements under Canadian securities laws as described in the March 3, 2025, press release. Securities issued under the FT component 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.

Further to the company's news release dated March 10, 2025, the company confirms that it has received final approval to extend by one year the expiry date of a total of 2,942,308 common share purchase warrants, including 1.25 million which were set to expire on March 22, 2025, and 1,692,308 which are set to expire on April 8, 2025.

Technical information in this news release was reviewed and approved 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 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, which discovered the mineralization, and then its advancement to a large gold-silver-tellurium and copper porphyry system.

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