Northern Shield Resources Inc. · TSXV:NRN
Northern Shield Resources — Investor Presentation (October 2025)
37 slides from Northern Shield Resources's investor presentation, October 2025
Slide 1: Update on the Root & Cellar Property, Newfoundland
Update on the Root & Cellar Property, Newfoundland; An Intact Epithermal Gold and Porphyry Copper Camp Corporate Presentation – October 2025
Slide 2: Forward Looking Statement
FORWARD LOOKING STATEMENT • This document contains statements concerning the potential for gold, silver, copper, tellurium and other mineralization at Root & Cellar and, geological, geophysical, geochemical and geometrical analyses of Root & Cellar and comparisons of the properties to known epitherm
Slide 3: Northern Shield
NORTHERN SHIELD Our Space Our Approach Our Vision Northern Shield is well known for thinking outside the While many view such greenfield exploration as a risk, We believe Root & Cellar is well positioned to become box. We initiate our own projects in underexplored we see it as an opportunity to disc
Slide 4: Newfoundland
NEWFOUNDLAND Montreal • Strategically located on the Island of Newfoundland on the Atlantic seaboard • 3-hour drive from the provincial capital of St. John’s. • Its closer to Europe than Vancouver on the west coast of Canada • Property being explored for “epithermal” gold-silver and copper porphyry
Slide 5: Root & Cellar Epithermal Gold - Porphyry Copper
ROOT & CELLAR EPITHERMAL GOLD - PORPHYRY COPPER • Root & Cellar is being explored for epithermal gold and Volcanic-Hydrothermal System Geothermal/Hydrothermal System porphyry. They are end members of the same hydrothermal system Hot springs, Geysers • While exploration to date at Root & Cellar has f
Slide 6: The Burin Peninsula and Root & Cellar
THE BURIN PENINSULA AND ROOT & CELLAR The Foundation of Giant Porphyry Copper and Epithermal Ore Systems • Tectonic Rifting or Extension • Localized rifting or extension provides ideal opportunity for large scale epithermal gold and copper porphyry systems through enhance magmatic and hydrothermal a
Slide 7: Tellurium (Te)
TELLURIUM (Te) A CRITICAL METAL AND A GIANT ORE DEPOSIT INDICATOR Tellurium is a critical metal and a key component in solar panels • One of the rarest element on the planet and 8x more rare than gold • Primary source is as a by-product of a handful of epithermal gold, silver and copper deposits • 9
Slide 8: Root & Cellar - Summary
ROOT & CELLAR - SUMMARY GOLD-SILVER-TELLURIUM-COPPER • Gold and Copper was first discovered Root & Cellar by a local prospector in a hand dug trench in 2012 • Northern Shield is the first company to conduct methodical exploration on the property • Hosts 5 gold-silver-tellurium, occurrences over a la
Slide 9: Conquest Zone – Large Areal Extent
CONQUEST ZONE – LARGE AREAL EXTENT • Very large footprint of gold mineralization and soil Windfall anomalies ~ 4 sq km. • Much of the gold found on surface is “leakage” up fault zones and contacts from a deeper source • However, gold in the Discovery Trench area is primary epithermal mineralization
Slide 10: Discovery Trench Area
DISCOVERY TRENCH AREA TIP OF THE ICEBERG? 10.4 g/t Au over 1.5 m 5.9 g/t Au over 2 m • 7 of 8 drill holes completed in 2023 in the incl 23.5 g/t Au over 0.5 m incl 7.5 g/t Au over 1 m Discovery Trench area intersected gold mineralization hosted in quartz veins and New Visible Gold Occurrence hydroth
Slide 11: Intact Epithermal Gold System
INTACT EPITHERMAL GOLD SYSTEM Hydrothermal breccia We are here! • Evidence from multiple datasets all strongly point to the Discovery Trench area as being the very top of one of the epithermal vein systems in the Conquest Zone. Hot-spring sediment (?) (Muddy, siliceous • The presence of so much gold
Slide 12: Newfoundland Drilling Summary
2025 NEWFOUNDLAND DRILLING SUMMARY • Assays still pending from 2025 drill program. Highlights include: 1. Ginguro banding in quartz veins noted in DDH 25RC-34; 2. Visible gold/electrum grains noted in DDH’s 25RC-26, 34; New occurrence of 3. Multiple zones of hydrothermal mineralization from 1 to 40
Slide 13: Newfoundland 25RC-33
NEWFOUNDLAND 25RC-33 & 34 A & B Ginguro banding from drill-hole 25RC-33 C: Part of a wide zone of bladed pyrite in quartz-illite breccia from 25RC-33 D: cruciform banded quartz vein from 25RC-33 E: Crystal of what appears to be krennerite (gold telluride in 25RC-33 Chalcocite hosted in highly altere
Slide 14: Root & Cellar Copper Pathfinders
ROOT & CELLAR COPPER PATHFINDERS • Mineral zonation both in rock and soil anomalies exhibit a typical copper porphyry signature*. • Notably As and Sb form “shoulder” anomalies where peak values for these elements are on the periphery to the copper • Anomalous tellurium also coincides very Pathfinder
Slide 15: Creston Copper
CRESTON COPPER • Copper anomalies in soils and rock samples are found over an area about 2 km in diameter 2 .5 cm • Initial copper mineralization discovered by prospector was likely the result of remobilization of copper from depth and perhaps supergene enrichment • Much of the copper mineralization
Slide 16: Creston Quarries and Diatreme Breccias
CRESTON QUARRIES AND DIATREME BRECCIAS Diatreme Basalt • The top portion of some of these diatremes are exposed in quarries that are operated by Breccia Country third parties for producing road aggregate Pipe Rock • Expansion of the pits is exposing new mineralization Diatreme Breccia New Sampling:
Slide 17: Diatreme Breccia Pipes
DIATREME BRECCIA PIPES • Diatremes are important in gold and copper mineralization because they act as fluid conduits and structural traps for metal-rich hydrothermal fluids • Diatremes form when hot rising magma comes into contact with ground water or hydrothermal fluids creating a steam and an exp
Slide 18: Evidence of Copper Breccia/Porphyry
EVIDENCE OF COPPER BRECCIA/PORPHYRY • Recent expansion in the quarries has exposed evidence of a copper (+molybdenite+gold+tellurium) breccia/porphyry system including 1. Intensely silicified and pyritized hydrothermal breccia veins 2. Copper +/- Molybdenite, Gold, Tellurium and Silver mineralizatio
Slide 19: 1. Hydrothermal Breccia Vein
1. HYDROTHERMAL BRECCIA VEIN The Hydrothermal Breccia comes from here on the model, it represents where hydrothermal fluids erupted to surface Crater lake sediments • Hydrothermal Breccia includes fragments of possible geyser (crater lake) sediments and patches of semi- massive fine-grained pyrite a
Slide 20: Hydrothermal Breccia Diatreme Breccia
Hydrothermal breccia clast within a phase of the diatreme breccia Hydrothermal Breccia Diatreme Breccia TSV-V: NRN 20
Slide 21: 2. Breccia Hosted Copper
2. BRECCIA HOSTED COPPER • The copper to date appears to be near the wall of the pipe. • The walls of the diatreme pipe provide a weakness more easily exploited by the rising mineralized fluids Chalcopyrite associated with rhyolite vein intruding diatreme breccia. Chalcopyrite surrounding fragment h
Slide 22: 3. Porphyry Copper Bearing Fragment
3 PORPHYRY COPPER BEARING FRAGMENT Fragment hosting primary porphyry copper-type Fragment would have been transported upwards n the pipe Abundant fine from a source at depth chalcopyrite Chalcopyrite & molybdenite along fracture TSV-V: NRN 22
Slide 23: Summary Intact Epithermal Gold & Porphyry Copper System
SUMMARY INTACT EPITHERMAL GOLD & PORPHYRY COPPER SYSTEM Drop Zone-Windfall Conquest TSV-V: NRN 23
Slide 24: Diatreme Breccias
DIATREME BRECCIAS • Initial impression that diatreme breccia pipes form a northeast trend heading towards Conquest • Diatremes seems to be associated with distinct magnetic lows. • Geophysics suggest the two current largest occurrences of diatreme pipes, may continue to the west. Magnetic Lows Diatr
Slide 25: The Porphyry - Epithermal Connection
THE PORPHYRY - EPITHERMAL CONNECTION Lepanto, Philippines – A Real-World Example Root & Cellar Do we have something similar at Root & Cellar TSV-V: NRN 25
Slide 26: Exploration
EXPLORATION Current and on-going work includes: • Internal mapping of the diatreme breccias • Define extent of diatremes • Prospect and systematic sampling of diatremes • Geophysics • Refine geological map and sections in Conquest Zone Objective to generate a drill target within the diatremes to b
Slide 27: Root & Cellar Summary
ROOT & CELLAR SUMMARY 1. Located in a local belt of extension 6. Multiple phases of intrusive porphyry stocks including possible 2. Fluorite alkaline intrusive 3. Tellurium 7. High-grade diatreme hosted copper mineralization 4. Nested diatremes and diatreme-maar complexes 8. Hydrothermal breccia vei
Slide 28: The Investment Opportunity
THE INVESTMENT OPPORTUNITY • On-going mineral discoveries and geological evidence indicate Root & Cellar is well positioned as a prime, camp-scale investment opportunity for porphyry copper and epithermal gold. • Northern Shield holds a strategic advantage as the "first mover" in the camp • Shares m
Slide 29: Corporate
CORPORATE MANAGEMENT CAPITAL STRUCTURE Ian C. Bliss Samuel Legg Christine Vaillancourt Common Shares O/S 113.5M Fully Diluted 157.2M Stock Price C$0.08 Market Capitalization C$9M Treasury C$200,000 Debt Nil President, CEO CFO Chief Geologist DIRECTORS Ian Bliss Russ Richards Peter Dimmell Dr. Scott
Slide 30: Contact Northern Shield
CO NTACT NO RTHERN SHIELD NORTHERN-SHIELD.COM 150 Elgin Street Suite 1000 Ottawa, ON K2P 1L4 613-232-0459 ibliss@northern-shield.com @NorthernShield 30
Slide 31: Appendix
Ap p e n d ix 31
Slide 32: Vuggy quartz-epidote altered rock with chalcocite
Vuggy quartz- epidote altered rock with vugs filled with chalcocite. Chalcocite Chalcocite TSV-V: NRN 32
Slide 33: Brecciated rhyolite with chalcocite filling voids
Brecciated rhyolite with chalcocite filling voids Chalcocite TSV-V: NRN 33
Slide 34: Possibly UST developing in aplite
Possibly UST developing in Possibly UST developing in aplite aplite TSV-V: NRN 34
Slide 35: TSV-V: NRN
TSV-V: NRN 35
Slide 36: Phonolite Porphyry (?) with possible A and D veins
Phonolite Porphyry (?) with possible A and D veins with minor bornite and chalcopyrite TSV-V: NRN 36
Slide 37: Phonolite Porphyry (?)
Phonolite Porphyry (?) TSV-V: NRN 37
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