Slide 1: Why the Discoveries at Root & Cellar may be the Tip of the Iceberg
Why the Discoveries at Root & Cellar may be the Tip of the Iceberg An Update on Canada’s Newest Porphyry Copper District; Eastern Newfoundland PDAC 2026
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: Newfoundland: Canada's New Porphyry Copper and Epithermal Gold District
NEWFOUNDLAND CANADA’S NEW PORPHYRY COPPER AND EPITHERMAL GOLD DISTRICT • Properties being explored for porphyry copper and “epithermal” gold- silver • UNDER EXPLORED Whereas other porphyry-epithermal districts (like BC’s Golden Triangle) have seen decades, if not centuries of exploration, the disc
Slide 4: The Burin Peninsula and Marystown
THE BURIN PENINSULA AND MARYSTOWN • BUSINESS FRIENDLY AND A WELCOMING POPULATION • EASILY ACCESSIBLE The Creston Copper Zone is 10-minute from Marystown. • INFRASTRUCTURE Marystown provides a ready workforce, existing infrastructure including deep water port • MINERAL RICH Overlooked and under
Slide 5: The Burin Peninsula and Root & Cellar
THE BURIN PENINSULA AND ROOT & CELLAR TSV-V: NRN 5
Slide 6: 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 7: Porphyry Copper Signature
PORPHYRY COPPER SIGNATURE • Creston Copper Zone is defined as a 2 km diameter area hosting Cu- anomalous rock and soil samples • A nested diatreme complex forms in the core of this zone • Much of the Cu and associated Mo-Pb-Zn and Te mineralization are hosted in the diatreme breccias • Notably As, S
Slide 8: Creston Copper Signature
CRESTON COPPER SIGNATURE • Geochemical signature is supported by alteration. • Widespread propylitic alteration surrounds the Creston Copper target Intense propylitic alteration (epidote-chlorite) corresponding to the shoulder anomalies TSV-V: NRN 8
Slide 9: Creston Quarries and Diatreme Breccias
CRESTON QUARRIES AND DIATREME BRECCIAS • The top portion of some of these diatremes are exposed in quarries that are operated by Diatreme Basalt third parties for producing road aggregate Breccia Country Pipe Rock • Recent expansion in the quarries has exposed increasing evidence of a polymetallic c
Slide 10: Copper Phases
1 COPPER PHASES 2. Coeval with diatreme breccia 3. Post-diatreme breccia mineralization 1. Pre-diatreme breccia mineralization • Dominantly, “chunky” chalcopyrite forming • Quartz veinlets with chalcopyrite, bornite, +/- • Fragment within the diatreme breccia veins and void fillings molybdenite cont
Slide 11: Hydrothermal Breccia Vein
2 HYDROTHERMAL BRECCIA VEIN • Hydrothermal Breccia includes fragments finely layered surface siliceous sediment that would have formed on surface where the out fluids vented to surface • Anomalous in Au (31 ppb), As (350 to 500 ppm), Mo (150 to 260 ppm) and elevated Pb, Zn, Te Crater lake sediments
Slide 12: Hydrothermal Breccia Vein
HYDROTHERMAL BRECCIA VEIN Hydrothermal clast within a Silica ooze injected up through phase of the diatreme sediment layers breccia Hydrothermal Breccia Crater lake sediments Diatreme Breccia Silica Ooze TSV-V: NRN 12
Slide 13: Lead-Zinc Mineralization
3 LEAD-ZINC MINERALIZATION • Lead-zinc often found in outer shell of porphyry copper system of above it. • Elevated Zn-Pb is seen on the periphery of Creston (Drop Zone, Windfall) but also now as wispy galena-sphalerite-pyrite veins and disseminations in the diatreme breccias and in the rhyolite por
Slide 14: What Does This Mean
WHAT DOES THIS MEAN • The 3 episodes of copper mineral mineralization (pre, syn and post diatreme breccia) indicate a long lived and active magmatic-hydrothermal. • The elevated Hg and P associated with the Pb-Zn zone is suggests this mineralization is the result of de-gassing from an underlying hyd
Slide 15: Conquest Zone
CONQUEST ZONE
Slide 16: 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 17: 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 18: Conquest Zone
CONQUEST ZONE • Highlights include: 1. Ginguro banding in quartz veins noted in DDH 25RC-34; 2. Visible gold/electrum grains noted in 4.35 m DDH’s 25RC-26, 34; @ 3.4 g/t Au, 5.7 g/t Te 3. Multiple zones of hydrothermal mineralization from 1 to 40 m wide including hydrothermal breccias, quartz veins
Slide 19: Root & Cellar Summary
ROOT & CELLAR SUMMARY INTACT EPITHERMAL GOLD & PORPHYRY COPPER SYSTEM TSV-V: NRN 19
Slide 20: Regional Properties
REGIONAL PROPERTIES Feeder Brook Point Rosie Stewart /Forty Creek Cape St Mary’s Projects
Slide 21: Point Rosie
POINT ROSIE “Ice” Showing 0.4 g/t Au • Hosts multiple quartz-sericite-pyrite (phyllic) alteration zones consistent with “Fire” Showing 0.67 g/t Au & 0.65% Cu epithermal and porphyry copper systems over a 4 km strike length. • Copper-gold-silver anomalous quartz veins with values up to 0.67 g/t Au an
Slide 22: Stewart – Forty Creek
STEWART – FORTY CREEK The Stewart prospect forms Forty Creek Epithermal Au-Ag-Te the most aerially extensive and continuous zone of 59 g/t Au, 2,290 g/t Ag 0.1 g/t Au in silicified pyrophyllite 0.14, 0.15, 0.16% Cu 49 g/t Au, 1,990 g/t Ag exposed alteration on the 13 g/t Au, 670 g/t Ag Burin Peninsu
Slide 23: Stewart – Forty Creek
STEWART – FORTY CREEK Part of the 4-km long alteration zone at Stewart which includes alunite and diaspore
Slide 24: Cape St. Mary's Properties
CAPE ST. MARY’S PROPERTIES • Primary target is a porphyry copper based on Cu and Mo anomalous till samples reported by the Geological Survey of Newfoundland and; • Description of “malachite-stained quartz stockwork veining” in the government’s mineral occurrence database • Some tills are also highly
Slide 25: 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 district with a
Slide 26: 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 X @NorthernShield 26