Northern Shield increases land to 420 square kilometres

Executive Summary

• Northern Shield Resources Inc. has significantly expanded its land position in Newfoundland from 32 km² to 420 km² through map staking, option agreements, and a property purchase, centered around its flagship Root & Cellar property.
• The expansion includes the acquisition of the 212 km² Fortune property (covering a 40 km prospective trend for porphyry copper and epithermal gold) and three claim groups totaling 136 km² on the Cape St. Mary's peninsula targeting porphyry copper and magmatic Ni-Cu-Co sulphides.
• The company entered into definitive agreements to earn interests in specific properties, involving cash payments and the issuance of common shares, with a 2.0% NSR royalty subject to a buy-down option.

Key Details

• Land Position Expansion: Total land position increased from 32 km² to 420 km².
• Core Asset: The Root & Cellar gold-silver-tellurium-copper property on the Burin peninsula remains the core of the position, with recent work indicating a large, diatreme/porphyry-hosted, polymetallic zone.
• Fortune Property (212 km²):
  • Composed of two property options (65 km²) and map-staked claims.
  • Covers a 40 km trend prospective for porphyry copper and epithermal gold.
  • Stewart Prospect: Extensive advanced argillic alteration (lithocap to porphyry Cu-Mo-Au). Historical trenching: 0.09 g/t Au over 219 m. Drill intercept: 0.13 g/t Au over 111 m.
  • Forty Creek: Intermediate sulphidation quartz vein hosting gold/silver tellurides (up to 59 g/t Au, 2,290 g/t Ag) and grab samples up to 0.16% Cu.
  • Point Rosie: Quartz-sericite-pyrite alteration zones. Recent vein values up to 0.67 g/t Au and 0.65% Cu.
  • Feeder Brook: Quartz-sericite-pyrite alteration with grab samples up to 0.9 g/t Au.
  • Note: Assay data relies on third-party reports; samples were not collected/assayed by Northern Shield.
• Cape St. Mary's Peninsula Properties (136 km²):
  • Located across Placentia Bay from Root & Cellar.
  • Primary target: Porphyry copper system (similar to Root & Cellar) based on Cu/Mo anomalous till and malachite-stained quartz stockworks.
  • Secondary target: Magmatic Ni-Cu-Co sulphides due to gabbroic rocks and anomalous Ni/Co in tills.
• Transaction Terms (Definitive Agreements):
  • Point Rosie/Feeder Brook: Earn up to 100% interest. Upfront: $13,835 cash + 650,000 shares. Over 4 years: Up to $153,835 cash + 2.65 million shares.
  • Stewart/Forty Creek: Earn up to 100% interest. Upfront: $6,755 cash + 400,000 shares. Over 4 years: Up to $146,775 cash + 2.9 million shares.
  • Kelstone: Purchase of two mining claims. Consideration: $1,500 cash + 400,000 shares.
  • Royalty: 2.0% Net Smelter Returns (NSR) on all properties. Pre-emptive right to buy down to 1.0% NSR for $1.5 million prior to commercial production.
  • Conditions: Subject to TSX Venture Exchange approval and customary closing conditions. Securities subject to 4-month-and-one-day statutory hold.
• Management Commentary: CEO Ian Bliss highlighted the strategic value of the land position, the "first mover" status in the Burin peninsula's porphyry copper potential, and the mobilization of experienced local prospectors.

Notable Quotes

• "We are very excited about these new land positions. We see growing interest in the porphyry copper potential of the Burin peninsula as we uncover more mineralization at the Creston copper target. As such, these new properties cement our first mover status and allow us to use the knowledge we have gained from Root & Cellar to our advantage." — Ian Bliss, President and CEO