Mr. Brooke Clements reports

NORTH SHORE ANNOUNCES NON-BROKERED PRIVATE PLACEMENT

North Shore Uranium Ltd. has arranged a non-brokered private placement offering for aggregate gross proceeds of up to $1.4-million, through the issuance of a combination of non-flow-through units at a price of five cents per non-flow-through unit and flow-through units at a price of 6.5 cents per flow-through unit. Each non-flow-through unit consists of one non-flow-through common share and one-half of one share purchase warrant. Each flow-through unit consists of one flow-through common share and one-half of one warrant. Each warrant entitles the holder to purchase one non-flow-through common share at a price of 10 cents per warrant share for a period of two years from closing of the offering.

As announced June 24, 2025, the company entered into a binding term sheet with Resurrection Mining LLC, an arm's-length party, to acquire up to 87.5 per cent of the Rio Puerco uranium project, located in northwestern New Mexico. Completion of the transaction is contingent on North Shore completing satisfactory due diligence, execution of a definitive agreement, completion of a minimum $750,000 financing by North Shore, and approval by the TSX Venture Exchange.

The net proceeds of the offering will be used to complete the transaction, exploration of the Rio Puerco uranium project in New Mexico, continued exploration of the company's Saskatchewan uranium properties, the costs of the offering and for general working capital.

The securities issued in connection with the offering will be subject to a four-month-and-one-day hold period. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the exchange. Finders' fees may be payable in the offering.

About North Shore Uranium Ltd.

The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 (carbon dioxide) emission reduction goals and the needs of new power-intensive technologies such as AI (artificial intelligence). In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well positioned to become a major force in exploration for economic uranium deposits. The company is working to achieve this goal by exploring its Falcon and West Bear properties at the eastern margin of the Athabasca basin in Saskatchewan, expanding its exploration efforts to include the Grants uranium district in New Mexico and by evaluating other quality opportunities in the United States and Canada to complement its portfolio of uranium properties. North Shore summarized its exploration efforts at its Falcon property in a May 27, 2025, news release.

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