Northstar Announces Financing to Advance Surgical Mining of High-Grade Copper at Cam Copper Project

Executive Summary

• Northstar Gold Corp. announced a non‑brokered private placement of up to CAD $800,000 in units priced at $0.06 each to fund permitting, engineering and the launch of Novamera Inc.’s Surgical Mining™ pilot at the Cam Copper Project.
• The first tranche is expected to close near‑term for approximately CAD $530,000, led by strategic investors aligned with the company’s critical‑minerals objectives.
• Proceeds will be used for zone‑2 geological modelling, metallurgical studies, a NI 43‑101 technical report and resource estimate, permitting, detailed engineering, mine planning, surface preparation and working capital.

Key Details

• Offering Structure: Up to CAD $800,000 in non‑flow‑through units; each unit = 1 common share + 1 warrant (exercise price $0.075, 60‑month term).
• Unit Price: $0.06 per unit.
• First Tranche: Approximately CAD $530,000 expected to close in the near term.
• Use of Proceeds:
• Update geological model and develop block model for Cam Copper Zone 2.
• Conduct preliminary metallurgical studies.
• Commission NI 43‑101‑compliant Technical Report and Mineral Resource Estimate.
• Obtain permits and complete detailed engineering for the Surgical Mining pilot.
• Mine planning, surface‑site preparation, mobilization, and working capital.
• Exemptions Utilized: Existing Shareholder Exemption (max $15,000 per shareholder in 12 months) and Investment Dealer Exemption under B.C. Instruments 45‑534/45‑536.
• Hold Period: All securities subject to a four‑month hold period from closing date under Canadian securities laws.
• Related Party Participation: Directors, officers and insiders may acquire units; transactions will rely on exemptions from formal valuation and minority‑shareholder approval per TSX Venture Exchange Policy 5.9 and MI 61‑101, as the fair market value is not expected to exceed 25 % of market capitalization.
• Strategic Context: Financing supports the launch of the Cam Copper Zone 2 Surgical Mining™ pilot under a Turnkey Surgical Mining Services Agreement with Novamera (executed Oct 9 2025). The project targets early‑2027 small‑scale copper production and is part of an $11 million consortium with DIGITAL and Micon International.

Notable Quotes

• “The financing provides the initial capital platform to launch Northstar's Cam Copper Zone 2 Surgical Mining™ pilot, advancing our critical‑minerals strategy and positioning us for early‑2027 copper production.” – Brian P. Fowler, President, CEO & Director, Northstar Gold Corp.