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 $300,000.

The offering will comprise up to 7.5 million units through the sale and issuance of any combination of: i) common shares 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; and/or ii) flow-through units at a price of five cents per flow-through unit with each flow-through unit consisting of one common share 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 whole FT warrant is exercisable for one common share at a price of 11 cents per share within 24 months of closing and 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 to upsize a 2,000-metre diamond drill program at the company's Root & Cellar property to 3,000 m and for general working capital purposes. Preparation for the drill program will commence next week with a planned start date in early June.

The units and flow-through 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 up to 6-per-cent warrants or flow-through warrants (as the case may be) to certain registered brokers and dealers in respect of investors introduced to the company who purchase securities.

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 May 7, 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.

We seek Safe Harbor.