Northstar Closes 2nd Tranche of Private Placement, Completes Cam Copper Zone 2 Infill Drill Program

Executive Summary

• Northstar Gold Corp. closed the second tranche of its non‑brokered private placement, raising $61,000 in flow‑through and non‑flow‑through units (cumulative $916,700).
• Proceeds will fund the Cam Copper Zone 2 Surgical Mining™ pilot, including a 1,194 m infill diamond drill program completed Dec 12‑22 2025 and related metallurgical testing, permitting, engineering, and working capital.
• The company also announced completion of the Zone 2 infill drilling (7 holes) and expects to release significant assay results in late January 2026.

Key Details

• Financing Structure – Tranche 2 consisted of:
• 600,000 flow‑through units at $0.06 each → $36,000 gross proceeds.
• 500,000 non‑flow‑through units at $0.05 each → $25,000 gross proceeds.
• Total Offering – Tranche 1 raised $855,700; combined with Tranche 2 for a cumulative $916,700.
• Warrant Terms – Each flow‑through unit includes one warrant exercisable at $0.08 for 24 months; each non‑flow‑through unit includes one warrant exercisable at $0.05 for 24 months.
• Finder Fees – $2,160 paid; 36,000 finder warrants issued at $0.06, expiring 24 months from closing.
• Hold Period – All securities subject to a four‑month statutory hold under Canadian law.
• Use of Proceeds – Funding allocated to:
• Cam Copper Zone 2 definition diamond drill program (completed Dec 22 2025).
• Metallurgical test work for Zone 2.
• Commissioning a NI 43‑101 technical report and mineral resource estimate.
• Permitting, detailed engineering, mine planning, surface preparation, mobilization, and working capital.
• Drilling Update – Completed 7 infill diamond drill holes totaling 1,194 m between Dec 12‑22 2025; assay results anticipated in late Jan 2026.
• Project Agreements – Financing supports the Turnkey Surgical Mining Services Agreement with Novamera (executed Oct 9 2025) and a Master Project Agreement with DIGITAL, Novamera Inc., and Micon International Ltd. for digital‑technology funding.
• Qualified Person – Information reviewed and approved by Brian P. Fowler, P.Geo., President, CEO & Director, Qualified Person under NI 43‑101.

Notable Quotes

“This financing provides the initial capital platform to launch Northstar's Cam Copper Zone 2 Surgical Mining™ pilot,” said Brian P. Fowler, President, CEO and Director.

All boilerplate, forward‑looking statements, and company background have been omitted for brevity.