Northstar Commences Diamond Drill Program at Cam Copper Mine

Executive Summary

• Northstar Gold Corp. has commenced a 1,200 m definition diamond drill program at the historic Cam Copper Mine’s Zone 2 VMS copper lens to support a forthcoming NI 43‑101 mineral resource estimate and technical report.
• The program is being executed by Forage Wawatay – RJLL Inc. in partnership with Novamera Inc., which will provide precision “Surgical Mining” services and earn a 5% revenue share on the project.
• The initiative targets extraction of approximately 116,000‑120,000 t of high‑grade copper material over a 31‑month pilot window, with an upfront capital requirement of roughly US$1.5 M and remaining costs structured off‑balance sheet.

Key Details

• Drill Program Scope: 1,200 m total depth, definition drilling on Zone 2 (high‑grade VMS copper lens).
• Contractor: Forage Wawatay – RJLL Inc. contracted to conduct the drill program.
• Purpose: Generate data for a NI 43‑101 compliant mineral resource estimate and technical report (to be prepared by Micon International Ltd.).
• Project Partner: Novamera Inc., providing Surgical Mining services; will earn 5% of project revenue.
• Planned Production Pilot: Extraction of ~116,000–120,000 t of copper‑rich material over a 31‑month period using large‑diameter robotic drilling, real‑time downhole imaging, and immediate backfilling.
• Capital Structure: Approx. US$1.5 M upfront cash; remaining capital costs to be financed off‑balance sheet.
• Historical Context: Prior Zone 2 drilling (7 holes) yielded up to 14.8% Cu over 2.45 m (hole CC‑03‑23, Nov 2023). Historic estimates indicated ~10% Cu over a 0.85 m width, 42 m strike, and ≥140 m depth.
• Resource Potential: Conceptual exploration target of 75,000–140,000 t at 9%–18% Cu (average 12% Cu) – noted as non‑resource, exploratory figures only.
• Technical Oversight: Qualified Person Christopher Keech, P.Geo., Principal Geologist, CGK Consulting Services Inc., reviewed and approved the technical information.

Notable Quotes

“The Cam Copper Zone 2 definition drill program… represents a key milestone toward advancing mine permitting and enabling near‑term, turnkey surgical mining of Zone 2 by our project partner, Novamera Inc.” – Brian P. Fowler, President, CEO & Director, Northstar Gold Corp.