Mr. Brooke Clements reports

NORTH SHORE URANIUM ISSUES OPTION PAYMENT SHARES

North Shore Uranium Ltd. has issued an aggregate of 2,666,666 common shares at a deemed price of 7.5 cents per share to Skyharbour Resources Ltd. to satisfy a Nov. 30, 2024, $200,000 property payment payable in cash or shares on its Falcon property located at the eastern margin of Saskatchewan's Athabasca basin. The Skyharbour shares are being issued in accordance with the option agreement dated May 29, 2023, between the company and Skyharbour, as amended. Pursuant to the Falcon option agreement, the Skyharbour shares will be subject to a one-year hold period from the date of issuance.

In addition, the company has issued an aggregate of 333,333 common shares at a deemed price of 7.5 cents per share to Gem Oil Inc. to satisfy a Nov. 30, 2024, $25,000 property payment payable in cash or shares on its West Bear property located at the eastern margin of Saskatchewan's Athabasca basin. The Gem Oil shares are being issued in accordance with the option agreement dated April 18, 2022, between the company and Gem Oil, as amended. The Gem Oil shares will be subject to a four-month-and-one-day hold period from the date of issuance.

Background information

Falcon consists of 15 mineral claims; four of the claims comprising 12,791 hectares are 100-per-cent-owned by the company and the remaining 11 claims totalling 42,908 hectares are subject to the Falcon option agreement. Under the terms of the Falcon option agreement, North Shore has the option to earn up to a 100-per-cent interest in the 11 claims by completing certain payments, exploration work and other commitments by October, 2026.

West Bear consists of five claims totalling 4,511 hectares. Under the terms of the West Bear option agreement, North Shore has the option to earn up to a 100-per-cent interest in the five claims by completing certain payments, exploration work and other commitments by April, 2025.

About North Shore Uranium Ltd.

The near-term business objective of North Shore is to become a major force in exploration for economic uranium deposits at the eastern margin of Saskatchewan's Athabasca basin, a Tier 1 jurisdiction for discovering new mineable high-grade uranium deposits. The company is working to achieve this goal by conducting exploration programs at its Falcon and West Bear properties, and by evaluating opportunities to complement its portfolio of uranium properties.

Qualified person

Brooke Clements, MSc, PGeol, a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects and the president and chief executive officer of North Shore, has reviewed and approved the scientific and technical disclosure in this press release.

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