Northern Shield Resources Inc. · TSXV:NRN
Northern Shield Resources — Investor Presentation (May 2026)
27 slides from Northern Shield Resources's investor presentation, May 2026
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 May, 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: What Are We Looking For
WHAT ARE WE LOOKING FOR A Complete Mineral System The system is intact — we can see from the very top (preserved hot spring deposits) down into the copper engine below. Root & Cellar hosts two connected types of mineral deposits: EPITHERMAL GOLD-SILVER-TELLURIUM • Precious metals deposited near the
Slide 4: Northern Shield Introduction
NORTHERN SHIELD INTRODUCTION Skepticism about the existence of porphyry deposits in the Avalon terrane has been prevalent for years. The skepticism was based on a preservation argument rather than a formational one. However, the district provides empirical evidence that answers the preservation ques
Slide 5: Newfoundland
NEWFOUNDLAND CANADA’S NEW PORPHYRY COPPER AND EPITHERMAL GOLD DISTRICT Root & Cellar Property Burin Peninsula, Newfoundland Strategic advantages: • Located on the Atlantic seaboard with year-round access • Minutes from paved highway and deep-water port • 3 hours from St. John's • 100% owned by North
Slide 6: Root & Cellar - Summary
ROOT & CELLAR - SUMMARY GOLD-SILVER-TELLURIUM-COPPER Key Facts • First discovered by a local prospector in 2012 • Northern Shield is the first company to conduct systematic exploration • 5 gold-silver-tellurium zones across a large area, surrounding a copper porphyry system
Slide 7: Root & Cellar - Zonation
ROOT & CELLAR - ZONATION Well-developed metal zonation from zonation from Bingham Porphyry Copper Deposit
Slide 8: Tellurium: A Critical Metal
TELLURIUM: A Critical Metal Why Tellurium Matters • Key component in next-generation solar panels (CdTe thin-film technology) • 90% of global supply currently comes from China • Classified as a critical mineral by Canada, the US, and the EU • Defense Logistics Agency, which buys a range of goods for
Slide 9: Porphyry Copper Signature
PORPHYRY COPPER SIGNATURE A Large Copper Target • Copper anomalies in soils and rock spread over a 2 km diameter area — a very large footprint • The copper porphyry signature includes classic pathfinder halos: lead, zinc, arsenic and antimony form a ring around the copper, exactly as expected in maj
Slide 10: The Diatreme Breccia: A Window into the System
THE DIATREME BRECCIA: A WINDOW INTO THE SYSTEM What is a diatreme breccia? However, diatreme breccia pipes and the A diatreme is a carrot-shaped body of broken rock created when superheated volcanic gases and fluids other conduits are a double edge sword: exploded upward to the surface — like a pres
Slide 11: Evidence of Copper at Depth
EVIDENCE OF COPPER AT DEPTH Three Phases of Copper 2 The diatreme breccia contains copper mineralization from three distinct phases: 1. Before the explosion: Rock fragments with copper minerals (chalcopyrite, bornite, molybdenite) that were already in place at depth 2. During the explosion: Copper d
Slide 12: Other Diatreme Hosted Mineralization
OTHER DIATREME HOSTED MINERALIZATION Recent expansion of the quarries has also exposed: 1. Hydrothermal vent breccia with anomalous Mo, As (Au, Te) 2. Significant Pb-Zn mineralization with highly anomalous Hg Diatreme-hosted Galena-Sphalerite-Pyrite with Chalcopyrite Hydrothermal Breccia 3.9% Pb and
Slide 13: The Pb-Zn Connection to Porphyry Copper
THE Pb-Zn CONNECTION TO PORPHYRY COPPER What the Chemistry Tells Us Hydrothermal systems produce both liquids and vapors. Copper and gold are generally carried by liquids, while certain elements can travel as gases. Lead, zinc and molybdenum can be carried by both mediums. Textural evidence for vapo
Slide 14: Conquest Gold Zone
CONQUEST GOLD ZONE Windfall Highlights • Very large footprint of gold mineralization covering roughly 4 square kilometres • Multiple boulders with visible gold (up to 111 g/t Au) • Discovery Trench: primary epithermal gold at surface (78 g/t, 48 g/t, 26 g/t Au) Conquest North • Much of the surface g
Slide 15: Conquest Zone
CONQUEST ZONE Drilling Highlights • Ginguro banding in quartz veins 4.35 m noted in DDH 25RC-34; @ 3.4 g/t Au, 5.7 g/t Te • Visible gold/electrum grains noted in DDH’s 25RC-26, 34; • Multiple zones of hydrothermal mineralization from 1 to 40 m wide including hydrothermal breccias, quartz veins and q
Slide 16: Conquest Re-Interpreted
CONQUEST RE-INTERPRETED The Solution Very nice IP chargeability anomaly located here at -100m • By classifying drill and surface assays into distinct populations using Ag:Au ratios, 3 different mineralizing events at Conquest have been identified: 1. Low Sulphidation (LS) 2. Intermediate Sulphidatio
Slide 17: The Porphyry - Epithermal Connection
THE PORPHYRY - EPITHERMAL CONNECTION A Textbook Porphyry-Epithermal System Root & Cellar exhibits textbook Porphyry-Epithermal zonation and signatures from the core of the porphyry system where copper and gold were deposited by hot liquids at depth with overlying vapor-phase metals (Pb-Zn-Hg, Mo-As)
Slide 18: A New Porphyry Copper District
A NEW PORPHYRY COPPER DISTRICT Where there is one there are POINT ROSIE more Epithermal Gold Phyllic alteration zones hosting • The Fortune Trend is a 40 km ENE- recently discovered gold-silver-copper trending belt of epithermal gold anomalous quartz veins. and porphyry copper occurrences located ap
Slide 19: The Stewart Lithocap
THE STEWART LITHOCAP The Stewart prospect forms the most aerially extensive • A lithocap is a thick blanket of intensely altered rock that forms above and around a porphyry copper system — it is and continuous zone of exposed alteration on the the "cap" on top of the deposit. It forms when hot, acid
Slide 20: Lithocaps
LITHOCAPS BC’s Golden Triangle hosts Drill-Pad/ Copper Porphyry Lithocap numerous significant porphyry copper and epithermal gold. Due to the mountainous terrain that provides near 3D exposure, a better understating of the relationship between the lithocap and the underlying porphyry can be gained.
Slide 21: Stewart
STEWART Drill-ready Porphyry Copper Target • Previous trenching and drilling at Stewart intersected considerable widths of anomalous gold and copper including 0.09 g/t Au over 219 m and a drill intercept of 0.13 g/t Au over 111 along with anomalous Cu and Mo • However, the previous drilling at Stewa
Slide 22: Other Fortune Trend Targets
OTHER FORTUNE TREND TARGETS Forty Creek Intermediate Sulphidation High-Grade Au-Ag-Te Gold and silver telluride bearing quartz vein, Forty Creek • Angular quartz vein boulders and sub-outcrop returned spectacular grades including 59 g/t Au and 2,290 g/t Ag (1.7 oz/t Au and 67 oz/t Ag) • Has never be
Slide 23: Cape St. Mary's Properties
CAPE ST. MARY’S PROPERTIES • Located on the east side of Placentia Bay from Root & Cellar • Primary target is a porphyry copper system 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
Slide 24: Exploration
EXPLORATION • 3D IP geophysics to commence over Creston Copper target this month • 2-3000m m drill program planned for Creston and perhaps Conquest in summer • Airborne magnetic Survey over Cape St Mary’s (CSM) Properties • Reconnaissance and prospecting Fortune and CSM Properties • Tenders for plan
Slide 25: Corporate
CORPORATE MANAGEMENT CAPITAL STRUCTURE Ian Bliss President, CEO Issued & Outstanding: 153,442,268 Samuel Legg CFO Options: 55,850,112 Christine Vaillancourt Chief Geologist DIRECTORS Warrants: 8,710,000 Russell Richards Private wealth manager in Atlanta, Georgia Fully Diluted: 218,002,380 Peter Dimm
Slide 26: The Investment Opportunity
THE INVESTMENT OPPORTUNITY • Commanding 450 km² land position covering two parallel mineralized trends totaling over 50 km, with confirmed porphyry copper and epithermal gold signatures backed by geophysics showing deep intrusive sources at depth • Root & Cellar and Fortune share key characteristics
Slide 27: Contact Northern Shield
CONTACT NORTHERN SHIELD NORTHERN-SHIELD.COM 150 Elgin Street Suite 1000 Ottawa, ON K2P 1L4 613-232-0459 ibliss@northern-shield.com X @NorthernShield
Northern Shield Resources — Investor Presentation (May 2026) on 6ix