New Risk • May 05
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.5m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.5m free cash flow). Earnings have declined by 35% per year over the past 5 years. Shareholders have been substantially diluted in the past year (38% increase in shares outstanding). Revenue is less than US$1m. Market cap is less than US$10m (CA$6.90m market cap, or US$5.07m). Minor Risk Share price has been volatile over the past 3 months (17% average weekly change). Announcement • Apr 29
Northern Shield Resources Inc., Annual General Meeting, Jun 25, 2026 Northern Shield Resources Inc., Annual General Meeting, Jun 25, 2026. Location: newfoundland and labrador, saint johns Canada Announcement • Mar 25
Northern Shield Resources Inc. Reports Significant Cu, Pb, Zn Values from Polymetallic Porphyry Target Northern Shield Resources Inc. announced values up to 3.9% Pb, 4.0% Zn and 2.0% Cu from grab rock samples from the Creston Copper Target, on the Company's 100% owned Root & Cellar Property, Burin Peninsula, in southeastern Newfoundland. The Property hosts 5 epithermal gold-silver-(tellurium) zones over a 6-kilometre strike-length, and a large, associated polymetallic porphyry copper system. The samples were collected from an area of mineralization in the diatreme breccia complex, covering approximately 50 m x 30 m, exposed as quarrying continues in the aggregate quarries on the Property. Grab rock samples returned values up to 3.9% Pb and 4.0% Zn, with anomalous silver and tellurium, and a grab rocks sample from a quarry 375 m to the north returned 2.0% Cu with anomalous silver and tellurium. These concentrations are the highest lead /zinc values on the Property, which support the polymetallic nature of an underlying porphyry copper systems at Creston. Importantly, the signature of the lead-zinc mineralization, along with the molybdenum-rich hydrothermal breccia, are indicative of late-stage, metal-rich fluids venting to surface. Table 1. Selected significant grab rocks samples, Creston Copper Target. Sample Pb (%) Zn (%) Cu (%) Te (ppm) Ag (g/t) RC25-5131 3.9 0.9 0.06 11.9 9.6 RC25-5126 2.6 4.0 0.24 9.4 6.9 RC25-5135 2.5 1.5 0.08 6.6 5.2 RC25-5132 2.5 0.1 - 7.1 5.3 RC25-5134 1.3 1.1 0.07 4.1 3.3 RC25-5128D 1.1 1.3 - 1.9 1.0 RC25-5129 1.0 0.1 - 1.9 1.6 RC25-5137A 1.0 0.2 - 4.4 2.8 RC-5057 - - 2.0 6.3 10.3 Soils, and other rock grab samples, anomalous in Pb-Zn-Sb-As, have previously been noted on the periphery of the 2 km-diameter Creston Copper Target which is consistent with mineralization from the outer shell of a typical porphyry copper system. Grab samples are inherently selective and may not be representative of the overall grade, continuity, or extent of mineralization on the property. As such, grab sample results should not be considered indicative of underlying mineral resources, and no assurance can be provided that these results reflect broader mineralized zones. Abitibi Geophysics Ltd. has been contracted for a 3D-IP geophysical survey over the Creston Target expected to commence in late April. Rock samples were analyzed by ALS Global in Vancouver, BC, for Au by Fire Assay with ICP-AES finish (Au-ICP22) and multi-elements by four acid digestion and ICP-MS finish (ME-MS61). All standards and duplicates met targeted values. Technical information in this news release was reviewed and approved by Christine Vaillancourt, P. Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101. 
