Mr. Simon Marcotte reports
NORTHERN SUPERIOR ENTERS INTO A DEFINITIVE AGREEMENT FOR THE ACQUISITION OF STRATEGIC PROPERTIES IN THE CHIBOUGAMAU GOLD CAMP
In furtherance to a binding term sheet that was announced on June 16, 2025, Northern Superior Resources Inc. has entered into an asset purchase agreement with TomaGold Corp. for the acquisition of the Hazeur, Monster Lake East and Monster Lake West properties. Additional information regarding the transaction and the properties is available in the initial announcement.
The company anticipates the transaction to close as early as next week.
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 56 per cent of Ongold Resources Ltd., which is advancing promising exploration assets in Northern Ontario and Manitoba, including the district-scale TPK project and Monument Bay. Agnico Eagle Mines Ltd. owns 15 per cent of Ongold Resources.
The Philibert project is located nine kilometres from Iamgold Corp.'s Nelligan1 gold project. Philibert hosts a maiden National Instrument 43-101 inferred resource of 48.5 million tonnes at 1.10 grams per tonne gold for 1,708,800 ounces gold and an indicated resource of 7.9 million tonnes at 1.10 grams per tonne gold for 278,900 ounces gold. Northern Superior holds a majority stake of 75 per cent in the Philibert project, with the remaining 25 per cent owned by Soquem, and retains an option to acquire the full 100-per-cent ownership of the project. Chevrier hosts an inferred mineral resource of 15.7 million tonnes at 1.29 grams per tonne gold for 652,000 ounces gold (underground and open pit) and an indicated mineral resource of 6.4 million tonnes at 1.26 grams per tonne gold for 260,000 ounces gold. Croteau hosts an inferred mineral resource of 11.6 million tonnes at 1.7 grams per tonne gold for 640,000 ounces gold. Lac Surprise hosts the Falcon zone discovery, interpreted to be the western strike extension of Iamgold Corp.'s Nelligan gold project.
Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec and trades on the TSX Venture Exchange under the symbol SUP and the OTCQB Venture Market under the symbol NSUPF.
Qualified person
The technical content and drilling results contained in this news release have been prepared in accordance with NI 43-101, Standards of Disclosure for Mineral Projects, and have been reviewed and approved by Melanie Pichon, PGeo, senior geologist for Northern Superior. Ms. Pichon is a qualified person under NI 43-101 and is not considered independent.
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