Mr. Brooke Clements reports

NORTH SHORE ANNOUNCES EXTENSION TO FALCON PROPERTY OPTION AGREEMENT AND RESOURCE STOCK DIGEST ENGAGEMENT

The term of North Shore Uranium Ltd.'s South Falcon option agreement with Skyharbour Resources Ltd. has been extended from four to five years. The agreement governs exploration activities on 10 of the 12 mineral claims that constitute the company's Falcon property, located in the Athabasca basin region of Saskatchewan. North Shore is currently preparing for future exploration programs at Falcon.

South Falcon option agreement amendment

On May 29, 2023, North Shore Energy Metals Ltd., a wholly owned subsidiary of the company, entered into the agreement with Skyharbour. As amended, the agreement provides the company the right to earn a 100-per-cent interest in 10 claims totalling 36,789 hectares over five years, with the revised terms as follows:

• Cash payments: $150,000 and $225,000 due on or before Oct. 31, 2027, and Oct. 31, 2028, respectively;
• Shares or cash at North Shore's option: $100,000, $250,000 and $525,000 on or before Dec. 15, 2026, Oct. 31, 2027, and Oct. 31, 2028, respectively, with the price of any shares issued based on the five-day volume-weighted average price at the time of issuance, subject to a minimum price of five cents;
• Exploration expenditures on the property: $1.1-million (completed), $975,000 and 975,000 on or before Oct. 31, 2026, Oct. 31, 2027, and Oct. 31 2028, respectively.

The amendment to the agreement is subject to the approval of the TSX Venture Exchange.

Brooke Clements, president and chief executive officer of North Shore, stated: "We are pleased with the extension of the term of the agreement with Skyharbour from four to five years. The extra time will allow us to optimize our exploration programs at Falcon while continuing to efficiently advance our Rio Puerco project in the Grants uranium district of New Mexico. The regional geologic setting and exploration history, and the results from our work at Falcon, including desktop geophysical and geological studies, a 2024 drill program, and a 2025 prospecting program, affirm our team's belief that Falcon offers good potential for a new significant uranium discovery."

Falcon exploration update

In its Sept. 17, 2024, Oct. 10, 2024, Nov. 13, 2024, Feb. 27, 2025, May 6, 2025, and Oct. 14, 2025, news releases, the company summarized its work at Falcon with emphasis on target generation. Three priority areas have been established at Falcon, zones 1, 2 and 3 and 30 uranium targets within the three zones have been selected to date by North Shore and its consultants.

Falcon background information

Falcon consists of 12 mineral claims totalling 42,378 hectares; two of the claims comprising 5,590 hectares are 100 per cent owned by the company and the remaining 10 claims totalling 36,789 hectares are subject to the agreement with Skyharbour described above. Falcon is located 30 kilometres (km) east of the active Key Lake uranium mill and former mine. Between 1983 and 2002, the mine produced a total of 209.9 million pounds of U3O8 at an average grade of over 2.0 per cent 0F.

Resource Stock Digest (RSD)

On Oct. 14, 2026, the company entered into an agreement with RSD for a market awareness campaign with a one-month term, to commence on Oct. 15, 2026. The RSD agreement can be terminated in a manner that is mutually agreed upon by the company and RSD. The company will pay RSD a fee of $30,000 (U.S.) for the market awareness campaign, payable in two tranches, the first tranche being payable upon execution of the RSD agreement and the second tranche payable 15 days later. The market awareness campaign will include in-depth report generation based on the company's current announced disclosures, report dissemination to RSD's resource investor base and support for new audience creation. All fees payable by the company to RSD, pursuant to the RSD agreement, will be paid out of general working capital of the company.

RSD is owned and operated by Nicholas Hodge and Gerardo De Real, and headquartered in Round Rock, Tex. The company and RSD act at arm's length. There have been no changes in RSD's interest, directly or indirectly, in the company or its securities, or any right or present intent to acquire such an interest since the Feb. 11, 2026, news release announcing an initial engagement with RSD. In particular, Mr. Hodge owns 700,000 common shares of the company and 350,000 common share purchase warrants, and Mr. De Real owns or controls 500,000 common shares of the company and 250,000 common share purchase warrants. Neither RSD nor its principals has any other interest, directly or indirectly, in the company or its securities, or any right or present intent to acquire such an interest. There are no performance factors contained in the RSD agreement, and RSD will not receive common shares or stock options as compensation. For more information on RSD, visit RSD's website.

The RSD agreement is subject to approval by the TSX Venture Exchange.

About North Shore Uranium Ltd.

The nuclear power industry is undergoing increased development to meet CO2 (carbon dioxide) emission-reduction goals and the needs of new power-intensive technologies like AI (artificial intelligence). In this environment, discoveries of uranium deposits may be significant, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is focused on advancing exploration for uranium deposits at Rio Puerco in the Grants uranium district of New Mexico and its 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.

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 CEO of North Shore, has reviewed and approved the scientific and technical disclosure in this news release. Mr. Clements has reviewed and verified the geophysical data sets and interpretations used for uranium target definition.

We seek Safe Harbor.