Mr. Brooke Clements reports

NORTH SHORE MAKES FINAL OPTION PAYMENT AND COMPLETES EARN-IN FOR WEST BEAR PROPERTY

North Shore Uranium Ltd. has met its final earn-in obligation for the West Bear property under an option agreement dated April 18, 2022, with Gem Oil Inc., giving the company the right to acquire a 75-per-cent interest in West Bear. West Bear consists of four mining claims totalling 3,927 hectares at the eastern margin of the Athabasca basin in Saskatchewan.

To satisfy the final $50,000 payment for West Bear, the company issued 263,157 common shares at a deemed price of 19 cents per share to Gem Oil. The options shares were issued in accordance with the West Bear option agreement and are subject to a statutory hold period under applicable Canadian securities laws and a TSX Venture Exchange hold period, both expiring four months and one day from the date of issuance (Feb. 23, 2026). Upon completion of this payment, North Shore has earned a 75-per-cent interest in West Bear and a joint venture will be formed with North Shore holding a 75-per-cent interest and Gem Oil holding a 25-per-cent interest. Gem Oil will be granted a 2-per-cent net smelter returns royalty (NSR), of which North Shore may purchase 1 per cent for $1-million at any time. North Shore retains the right to acquire the remaining 25-per-cent interest in West Bear by paying Gem Oil $200,000 in cash and issuing $200,000 in North Shore common shares within 90 days of delivering the initial interest notice to Gem Oil. If North Shore does not exercise this right within the 90-day period, or fails to complete the acquisition, a participating joint venture will be formed as described above.

West Bear is located approximately 35 kilometres southeast of the Cigar Lake uranium mine and 50 km south of the McClean Lake uranium mill. The West Bear uranium and cobalt-nickel deposits held by Uranium Energy Corp. (UEX/UEC) are located just north of the property. The unconformity between the Athabasca basin sandstone and the underlying basement rocks crosses the western portion of the property. West Bear saw significant uranium exploration activity between the 1960s and 2015, with a total of 15 exploration holes being drilled, including three by Denison in 2015. Historical exploration data evaluated by the company includes high-resolution electromagnetic airborne geophysical surveys. In 2022 North Shore completed a gravity-magnetic-radiometric airborne survey over West Bear. The company has selected several targets that warrant further exploration and evaluation of all exploration data is continuing.

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 like AI. In this environment, new discoveries of economic uranium deposits could 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 Rio Puerco project in the Grants uranium district of New Mexico, and the Falcon and West Bear properties at the eastern margin of the Athabasca basin in Saskatchewan. In addition, the company continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of uranium properties.

Technical information on the West Bear property is provided in the 2023 technical report entitled "Technical Report for the West Bear Property, Saskatchewan, Canada" filed under the profile of North Shore Uranium at SEDAR+.

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.

We seek Safe Harbor.