Mr. Simon Marcotte reports

NORTHERN SUPERIOR ANNOUNCES 1,708,809 GOLD OUNCES IN INFERRED CATEGORY AND 278,921 GOLD OUNCES IN INDICATED CATEGORY AT 1.10 G/T IN MAIDEN NI 43-101 PIT CONSTRAINED RESOURCE ESTIMATE AT PHILIBERT

Northern Superior Resources Inc. has released a mineral resource estimate (MRE) prepared in accordance with National Instrument 43-101 -- Standards of Disclosure for Mineral Projects for the Philibert gold property, located 60 kilometres southwest of Chibougamau, Que., Canada (Northern Superior: 75 per cent, Soquem: 25 per cent).

Highlights include:

• 48.46 million tonnes of inferred mineral resource averaging 1.10 grams of gold per tonne for 1,708,809 ounces of gold;
• 7.88 million tonnes of indicated mineral resource averaging 1.10 grams of gold per tonne for 278,921 ounces of gold;
• Mineral resource estimated at a cut-off grade of 0.35 g/t gold;
• Metallurgical testing with flotation concentrate returns recoveries up to 95.6 per cent (see press release dated July 6, 2023) and 93 per cent used for the pit optimization;
• While the previous mineral resource estimate on the Philibert project focused exclusively on underground resources from the western domains, with 239,202 ounces at 5.68 g/t gold, the MRE announced today does not include any of the underground potential. Such potential will be further explored, evaluated and potentially included in a subsequent mineral resource estimate;
• Further expansion is anticipated with: i) certain zones along strike and down dip proven mineralized while requiring further drilling to qualify as resource; and ii) the potential for parallel zones to replicate the Philibert mineralization to the north;
• Work conducted to date on the Philibert project based on three km of mineralization while geophysics are indicative of an additional four km of mineralization spreading east and west.

The MRE, independently prepared by GoldMinds Geoservices Inc., comprises a total indicated and inferred mineral resources (as defined in the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) definition standards for mineral resources and mineral reserves incorporated by reference into NI 43-101) of 278,921 ounces of gold indicated and 1,708,809 ounces of gold inferred and has an effective date of Aug. 4, 2023.

The Philibert project is located only nine kilometres from the Nelligan project, owned by Iamgold Corp. and Vanstar Mining Resources Inc., which was awarded Discovery of the Year by the Quebec Mineral Exploration Association (AEMQ) in 2019. Nelligan recently witnessed a 72-per-cent increase in its NI 43-101 resource estimate, and now encompasses a total of 1.99 million ounces at 0.84 g/t in the indicated category and 3.60 million ounces at 0.87 g/t in the inferred category, using a 0.35 g/t cut-off.

Simon Marcotte, president and chief executive officer of Northern Superior, commented: "With the Philibert project having already achieved considerable size on its first NI 43-101 resource, coupled with its untapped potential, a relatively high-grade nature for a bulk-tonnage operation which, generally speaking, provides for shorter payback periods, and attributes such as a low nugget effect, a low overburden cover and favourable initial metallurgical recovery results, it is clear that the Philibert project has firmly established itself as a cornerstone of the Chibougamau gold camp, which is swiftly gaining recognition. We look forward to continuing being part of this exciting development at a time when capital allocation is increasingly prioritized towards large and scalable opportunities as well as Tier 1 jurisdictions such as Quebec. I seize this opportunity to congratulate our team and all parties involved in driving the project to this stage and I express my gratitude to the team at Soquem without whom this opportunity would have never arisen."

Northern Superior is also advancing the following projects in the area, envisioning an eventual mining process where all resources would be treated as one operation, which is expected to greatly improve the economics of all projects:

• Lac Surprise: The Falcon zone of Lac Surprise, discovered approximately two kilometres to the west and on strike to Nelligan, has very similar mineralization styles with the same host rocks and structure;
• Chevrier: Located to the northeast of the Philibert project, Chevrier is hosting an inferred mineral resource of 652,000 ounces of gold at 1.29 g/t (underground and open pit) and an indicated mineral resource of 260,000 ounces of gold at 1.26 g/t;
• Croteau: Located to the north of the Philibert project, Croteau is hosting an inferred mineral resource of 640,000 ounces gold at 1.70 g/t.

Mineral resources methodology and assumptions

The company and GoldMinds compiled, verified and modelled all technical information available from the project. A total of 17 wireframes were built for key structures hosting and constraining gold mineralization. Mineralization is hosted in a quartz-rich differentiated gabbro sill named the Philibert horizon, part of the Obatogamau formation, and focused within west-northwest- to northwest-trending silicified shear zones with moderate dips to the northeast. Mineralization is characterized by strong silicification, ankerite, sericite and fuchsite alteration, and quartz-tourmaline and dark grey quartz veining with rare visible gold and up to 10 per cent disseminated pyrite and pyrrhotite mineralization. The interpretation was made from cross-sections in Genesis software where selections of mineralization intervals on cross-sections and plan views were combined to generate 3-D wireframes. The wireframes are generally snapped to mineralized zones intercepts. A minimum true thickness of three metres was used for the creation of the domains to produce valid solids.

The assay values of the Philibert property were exported for statistical analysis. GoldMinds compiled and reviewed the basic statistics of the gold mineralization and exported only the composites within the envelopes for statistics analysis.

The blocks were interpolated from equal length composites calculated from the mineralized intervals. Prior to compositing, high-grade gold assays were capped at 26.74 Au g/t. The distribution is continuous and values higher than 26.74 g/t seem to be considerably isolated and off from the distribution.

The search ellipsoid orientation and dimensions were determined based on the geologist's interpretations and follow the wireframes orientations. Search ellipsoids were used to select the composites (point data) used in the estimation of the block grade.

In order to calculate tonnage from the volumetric estimates of the block models, a fixed specific gravity (SG) of 2.8 tonnes/cubic metre was used. This density reflects the typical mineralized interval composed mainly by gabbro and quartz gabbro lithologies. It is recommended to carry additional density measurements on fresh cores during the next drilling program in order to monitor the density.

The wireframes have been filled by regular blocks and only composites within the wireframes have been used to estimate the block grades. These block models were used for pit optimization and the estimation of the pit-constrained mineral resource. The mineral estimation was completed using the inverse distance to the square methodology utilizing three passes. Search ellipsoids were used to select the composites (point data) and followed the wireframes.

The technical content scientific aspects of this press release have been prepared by Dr. Merouane Rachidi, PhD, geologist, and Claude Duplessis, PEng, independent qualified persons of GoldMinds, and reviewed and approved by Adree DeLazzer, PGeo, a qualified person as defined by the NI 43-101. Mrs. DeLazzer is vice-president, exploration, of Northern Superior and is not considered independent.

A technical report, which is being prepared in accordance with the NI 43-101, will be available on SEDAR+ under the company's issuer profile within 45 days. The effective date of the current MRE is Aug. 4, 2023.

Quality assurance/quality control -- sampling and laboratory

In 2021 and 2022, all NQ-size split core assays reported were obtained by fire assay with atomic absorption finish and samples returning values over five g/t Au in 2021 and 10 g/t Au in 2022 are reanalyzed, utilizing standard fire assay-gravimetric methods. Samples were shipped to Agat Laboratories with sample preparation done in Val d'Or, Que., and sample analysis done in Mississauga, Ont. The quality assurance and quality control protocol includes insertion of blank and standard every 25 samples on average, in addition to the regular insertion of blank, duplicate and standard samples inserted by Agat Laboratories during the analytical process. All NQ-size split core assays reported for 2023 were obtained by fire assay with inductively coupled plasma atomic emission spectroscopy finish and samples returning values over 10 parts per million Au are reanalyzed, utilizing standard fire assay-gravimetric methods. Samples were shipped to SGS Laboratories with sample preparation done in Val d'Or, Que., and sample analysis done in Burnaby, B.C. Samples with visible gold identified were analyzed by Au metallic screening on a one-kilogram sample screened to 106 micrometres, 50-gram fire assay, gravimetric, atomic absorption spectroscopy or ICP-AES of entire plus fraction, and duplicate analysis of minus fraction. The quality assurance and quality control protocol includes insertion of blank and standard every 25 samples on average, in addition to the regular insertion of blank, duplicate and standard samples inserted by SGS Laboratories during the analytical process.

In 2021, independent sampling of historical witness core was conducted at the Soquem facilities in Chibougamau, Que., where reanalysis returned similar results with acceptable gold repeatability. In 2022, GoldMinds conducted independent sampling on 2022 drill core drilled by Northern Superior and check assays were acceptable and repeatable. GoldMinds concluded the analytical results in the Northern Superior database can be relied upon which allows the current public disclosure of the mineral resources estimates.

About Northern Superior Resources Inc.

Northern Superior is a gold exploration company focused on the Chibougamau camp in Quebec, Canada. 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. Northern Superior also owns significant exploration assets in Northern Ontario highlighted by the district-scale TPK project.

We seek Safe Harbor.