File: Attachment 06193014-00000001-00022762-NR_2024_10_16_Loan_and_Bonus_Shares-PDF.pdf

NORTHERN URANIUM CORP.

889 Pender Street W, Suite 702, Vancouver, BC V6C 3B2 Tel: 604.683.3288

Trading Symbol: UNO.H October 16, 2024

LOAN AND BONUS SHARES

Northern Uranium Corp. (the "Company") (TSXV: UNO.H): The Company announces that it has entered into a loan agreement with T-Bone Ventures Inc. ("T-Bone"), a private British Columbia company, pursuant to which T-Bone has agreed to lend the Company $50,000 (the "Loan") to pay for the annual maintenance and associated costs on its Northwest Manitoba Property in which the Company holds a 70% interest which payment is due to be made by October 25, 2024. The Loan is unsecured and bears interest at a rate of 10% per annum, compounded bi-annually, calculated not in advance. The Loan is for a term of one year, after which it will be repayable on demand. The Loan may be repaid at any time. The Company has agreed to grant a bonus to T-Bone comprised of 76,923 common shares in its capital which is equivalent to 20% of the value of the Loan at a deemed price of $0.13 per share, subject to TSX Venture Exchange acceptance for filing.

All further enquiries regarding the Company should be made to: info@northernuraniumcorp.com.

BY ORDER OF THE BOARD OF DIRECTORS OF NORTHERN URANIUM CORP.

PER: "Vincent Teo"

VINCENT TEO President

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or the accuracy of this release. This news release may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements.