File: Attachment NR 2025 05 07 Private Placement Offering.pdf

NORTHERN URANIUM CORP.

702 889 West Pender Street, Vancouver, BC V6C 3B2 / Tel: 604.799.8358

May 7, 2025 News Release

UP TO $500,000 PRIVATE PLACEMENT OFFERING

Northern Uranium Corp. (the "Company") (TSXV: UNO) May 7, 2025: The Company has agreed to a non- brokered private placement offering of up to 5,555,555 units in the capital of the Company at a price of $0.09 per unit for gross proceeds of up to $500,000. Each unit will consist of one common share and one transferable warrant, each such warrant entitling the holder to purchase one additional share at a price of $0.12 per share for one year. The Company is relying on an exemption from the related party requirements of MI 61-101 for the participation by control persons and other insiders of the Company in the financing which participation is approved in advance by independent directors. A portion of the private placement will be on a flow-through basis. Units will entitle holders to receive the tax benefits applicable to flow-through shares in accordance with provisions of the Income Tax Act (Canada). Proceeds of the financing will be used for payment of debt, working capital and for property exploration. A finder's fee may be payable on a portion of the private placement. The financing is subject to acceptance for filing by the TSX Venture Exchange.

All further enquiries regarding the Company should be made to info@northernuraniumcorp.com and/or to 1.604.799.8358.

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

PER: "Vincent Teo"

Vincent Teo, President

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.