Mr. Ian Bliss reports

NORTHERN SHIELD UPSIZES PRIVATE PLACEMENT AND ANNOUNCES CLOSING OF FIRST TRANCHE

Northern Shield Resources Inc., in response to further investor demand, has upsized its previously announced non-brokered private placement of common share units and flow-through (FT) units of the company for aggregate gross proceeds of $1.1-million to $1.16-million, and has closed the first tranche of the offering for aggregate gross cash proceeds of $835,000.

Under the first tranche of the offering, the company issued: (i) 6.7 million units at a price of five cents per unit, with each unit consisting of one common share of the company and one common share purchase warrant; and (ii) 9,090,910 FT units at a price of 5.5 cents per unit, with each FT 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 7.5 cents per share within 12 months of closing and each warrant is exercisable for one common share at a price of 7.5 cents per share within 36 months of closing.

Closing of the second and final tranche of the offering is anticipated to occur on or about Nov. 7, 2025, and is subject to certain customary conditions, including, without limitation, approval of the TSX Venture Exchange. All of the securities issued under the offering will be subject to a four-month-and-one-day statutory hold period. Under the first tranche, the company did not pay any finders' fees in cash or securities.

In connection with the offering, the company will use the cash proceeds to continue the diamond drill program at the company's Root & Cellar property and for general working capital purposes.

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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