Mr. Simon Marcotte reports

NORTHERN SUPERIOR COMPLETES EARN-IN REQUIREMENTS FOR 75% OWNERSHIP OF THE PHILIBERT PROJECT FROM SOQUEM

Northern Superior Resources Inc. has successfully exercised option 1 and option 2 of the option and joint venture agreement with SOQUEM, dated May 8, 2018, and amended in March, 2019, and December, 2022, and has earned a 75-per-cent ownership interest in the Philibert property.

Pursuant to the agreement, Northern Superior was required to incur qualifying exploration expenditures of $3.5-million (in respect of option 1) and $2-million (in respect of option 2) on the Philibert project, which it has now completed. As per the amendment to the agreement executed in December of 2022, Northern Superior has the option to increase its ownership of the Philibert project to 100 per cent by making a cash payment of $3.5-million to SOQUEM before March, 2026.

Simon Marcotte, president and chief executive officer of Northern Superior, commented, "As we advance towards a resource calculation at the Philibert project in the near future, we are happy to formalize a 75-per-cent ownership, and establish a defined path to 100-per-cent ownership, of an asset we believe will become a pillar of the rapidly emerging Chibougamau gold camp."

Website and corporate presentation

Northern Superior is currently in the process of revamping its website but is thrilled to unveil a new and comprehensive corporate presentation on its temporary website. This presentation focuses on Northern Superior's primary objective, which is to capitalize on the consolidation opportunity currently taking hold in the Chibougamau gold camp in Quebec, Canada. By acquiring Genesis Metals Corp. and Royal Fox Gold Inc., Northern Superior has taken a leadership role in this exciting opportunity.

Corporate matters

The company announces having entered into an option agreement with Rockland Resources Ltd. for the development of its Wapistan property in the James Bay region of the province of Quebec. Despite its location, Wapistan has never been explored for lithium, which Rockland intends to pursue. The company has granted Rockland the sole and exclusive right and option to acquire 100 per cent of Wapistan in exchange for total consideration of $400,000 in cash and 10.8 million shares of Rockland, half of which has already been received by Northern Superior. In order to exercise its option, Rockland must pay the remaining consideration to Northern Superior within 12 months. Should Rockland fail to pay the remaining consideration when due, Northern Superior will retain 100-per-cent ownership of the property. Should Rockland successfully exercise its option, Northern Superior will retain a 2-per-cent net smelter return on Wapistan, 1 per cent of which may be repurchased by Rockland for $1-million.

The company also announces that it has engaged King Tide Media LLC to provide investor awareness and public relation services. King Tide operates from the United States under the direction of James Filippone and will be compensated by a fee of 20 per cent of the total media budget allocated by the company as part of the agreement with King Tide. The company will file a Form 3C with the TSX Venture Exchange in respect of this market awareness program. King Tide has not provided any services under this arrangement to date; however, the company expects to activate a market awareness program shortly.

About Northern Superior Resources Inc.

Northern Superior is a gold exploration company focused on the Chapais-Chibougamau camp in Quebec. The company has consolidated the largest land package in the region, with total landholdings currently exceeding 62,000 hectares. The main properties include Philibert, Lac Surprise, Chevrier and Croteau Est. Northern Superior also owns significant exploration assets in Northern Ontario, highlighted by the district-scale TPK project.

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