Northern Shield Resources Inc. · TSXV:NRN
Northern Shield Resources — Investor Presentation (September 2026)
27 slides from Northern Shield Resources's investor presentation, September 2026
Slide 1: The Tip of the Iceberg: The Discovery of Porphyry Copper Mineralization at Root & Cellar
The Tip of the Iceberg: The Discovery of Porphyry Copper Mineralization at Root & Cellar, Newfoundland September 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 Strategic Advantage • 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 Northern Shield • Mining-friendly jurisdiction with strong i
Slide 4: What We Are Looking For
THE MINERAL SYSTEM What We Are Looking For The system is intact — we can see from the very top (preserved hot spring deposits) down into the copper engine below. A Complete Mineral System Root & Cellar hosts two connected types of mineral deposits: EPITHERMAL GOLD-SILVER- TELLURIUM • Precious metals
Slide 5: Challenging Conventional Wisdom
NORTHERN SHIELD RESOURCES Challenging Conventional Wisdom 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. “How could deposits that formed at or near surface have
Slide 6: Rare Survivors in Old Terranes
ALKALIC PORPHYRY DEPOSITS Rare Survivors in Old Terranes Why Are They Hard to Find? ….but older systems are harder to find • The host rock should have been eroded • Much smaller alteration footprint hence small geochemical footprint • Small and low –volume pyrite zones, hence weak geophysical signat
Slide 7: Gold-Silver-Tellurium-Copper
ROOT & CELLAR – Assay Summary Gold-Silver-Tellurium-Copper Key Facts • Root & Cellar is the most advanced of the Company's Burin Peninsula Properties • First discovered by a local prospector in 2012 • Northern Shield is the first company to conduct systematic exploration • 5 gold-silver-tellurium zo
Slide 8: Creston Copper Target
ROOT & CELLAR – Assay Summary Creston Copper Target A Large Copper Target • Anomalous copper in soils and rock spread over a 2 km diameter area — a very large footprint • Copper mineralization is dominantly manifest as chalcopyrite, bornite and chalcocite • Much of the copper found to date is hosted
Slide 9: Creston Copper Target
ROOT & CELLAR – Assay Summary Creston Copper Target Copper Porphyry Signature • The copper porphyry signature includes classic pathfinder halos: lead, zinc, arsenic and antimony form a ring around the copper, exactly as expected in major copper systems • Tellurium strongly coincides with the copper
Slide 10: A Window Into The System
THE DIATREME BRECCIA A Window Into The System What is a diatreme breccia? Double-edge Sword • A diatreme is a carrot-shaped body of broken rock created when superheated volcanic gases and fluids exploded upward to However, diatreme breccia pipes and the the surface — like a pressure-relief valve. ot
Slide 11: Three Phases of Copper Mineralization
THE DIATREME BRECCIA Three Phases of Copper Mineralization 1. Before the explosion: 2. During the explosion: 3. After the explosion: Rock fragments with copper minerals (chalcopyrite, Copper deposited along the walls and fractures of the New copper veins cutting through the breccia, proving bornite,
Slide 12: 3D IP Results
CRESTON PORPHYRY COPPER TARGET 3D IP Results Results of DasVision® 3D IP Survey by Abitibi Geophysics Inc • 3D inversion modelling of chargeability defined four priority targets -100m • The magnitude of the chargeability responses at Creston range from 8.5 to 12.5 mV/V which is consistent with expec
Slide 13: Discovery of Porphyry Copper Mineralization
COPPER-BEARING FELDSPAR PORPHYRY · IP-1, CRESTON — ROOT & CELLAR Discovery of Porphyry Copper Mineralization Porphyry Copper Discovery The first discovery of true porphyry copper mineralization on the Ground-truthing of the IP-1 chargeability anomaly identified an outcropping feldspar- property — an
Slide 14: Disseminated Bornite-Chalcocite
ROOT & CELLAR · CRESTON Disseminated Bornite-Chalcocite Cluster of finely disseminated bornite/chalcocite in feldspar porphyry TSV-V: NRN
Slide 15: IP-1: The Tip of the Iceberg?
CRESTON PORPHYRY COPPER TARGET • IP-1: The Tip of the Iceberg? 3D inversion modelling of chargeability and resistivity over a 4.6 km² grid covering the Creston copper porphyry target defined four priority targets • Modeling suggests the IP-1 anomaly to be an offshoot of the stronger and deeper IP-2
Slide 16: Creston Porphyry Copper Target Compilation
ROOT & CELLAR · CRESTON Creston Porphyry Copper Target Compilation This is What We Just Found • IP-1 is a shallow apophysis of the larger, stronger, deeper This is What We Will IP-2 & IP-3 anomalies; chargeability grows in size Target in Drilling Program and strength with depth. • IP chargeability a
Slide 17: Conquest Epithermal Gold Zone
ROOT & CELLAR · CONQUEST Conquest Epithermal Gold Zone Highlights Windfall • 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 Conquest North (78 g/t, 48 g/t
Slide 18: Conquest Epithermal Gold Zone
ROOT & CELLAR · CONQUEST Conquest Epithermal Gold Zone By detailed geochemical analysis we realized Conquest 3 AI, without geophysical data, different mineralizing events at Conquest have been suggested drilling here to test the identified: down-plunge continuation of the Conquest Discovery Trench 1
Slide 19: Planned Exploration
ROOT & CELLAR · EXPLORATION Planned Exploration • Further sampling/mapping of copper- bearing porphyry dike at IP-1 • Additional Trenching/Chip sampling to continue defining gold mineralization at Conquest • On-going reconnaissance and prospecting at various targets within Fortune Property • 2-3,000
Slide 20: Intact Porphyry Copper and Epithermal Gold Camp
ROOT & CELLAR · EXPLORATION MODEL SUMMARY Intact Porphyry Copper and Epithermal Gold Camp Where there is one there are more POINT ROSIE • The Fortune Trend is a 40 km ENE-trending Epithermal Gold belt of epithermal gold and porphyry copper Phyllic alteration zones hosting occurrences located approxi
Slide 21: Stewart Lithocap
FORTUNE PROPRTY· Stewart Lithocap • A lithocap is a thick blanket of intensely altered rock that forms above and around a porphyry copper system — it is the "cap" on top of the deposit. It forms when hot, acidic gases rise from the porphyry STEWART system below and chemically strip the surrounding r
Slide 22: Lithocaps
FORTUNE PROPRTY· 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 porphyr
Slide 23: We found it — where it's hardest to find
T H E P A Y OF F We found it — where it's hardest to find We set out to find a porphyry copper system in 575 Ma rocks — a long shot. We now have proof it's here. An emerging alkalic Cu–Au district. The Burin has the hallmarks of the Macquarie Arc and Stikine–Quesnel belts — and we are proving it now
Slide 24: The tip of the iceberg
T H E I N V E S T ME N T O P P OR T U NI T Y The tip of the iceberg • Camp-scale Discovery with District-scale Upside • ~450 km² land position over two parallel mineralized trends (>50 km) — 100% owned / earn-in. • Confirmed porphyry copper + epithermal gold signatures, with geophysics indicating de
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: 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
Slide 27: IP Response over Porphyry Copper Deposit
3D DasVision CASE STUDY • IP Response over Porphyry Copper Desposit 3D inversion modelling of chargeability and resistivity over a 4.6 km² grid covering the Creston copper porphyry target defined four priority targets TSV-V: NRN
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