Northern Superior Announces the Ratio for the Distribution of the Common Shares in the Capital of ONGold Resources Ltd.

Executive Summary

• Northern Superior Resources will distribute its ONGold Resources Ltd. (ONAU) shares to shareholders on a 0.19574366‑to‑1 ratio, concurrent with the closing of a statutory plan of arrangement with IAMGOLD.
• The distribution is expected to occur on December 19, 2025, with a record date of December 18, 2025.
• The transaction completes Northern Superior’s previously announced arrangement and provides shareholders with direct ownership in ONGold.

Key Details

• Distribution Ratio: 0.19574366 ONAU Share for each issued and outstanding common share of Northern Superior.
• Timing: Expected distribution date – December 19, 2025; record date – December 18, 2025.
• Closing Conditions: Subject to customary closing conditions associated with the statutory plan of arrangement under BC Business Corporations Act (Division 5, Part 9).
• Arrangement Partner: IAMGOLD Corporation (statutory plan of arrangement).
• ONGold Ownership Post‑Distribution: Northern Superior will retain its 48.5% interest in ONGold; Agnico Eagle Mines Limited holds a 13% stake.
• Purpose: Provides shareholders with direct exposure to ONGold’s exploration assets in Northern Ontario and Manitoba, including the TPK Project and Monument Bay.

Notable Quotes

(No CEO/President quotes were included in the release.)