Northstar Gold Corp. Class A · CSE:NSG
Northstar Gold Corp. Class A — Investor Presentation (October 2026)
39 slides from Northstar Gold Corp. Class A's investor presentation, Oct 10, 2026
Slide 1: Positioning for Growth Through Sustainable Copper-Gold Exploration & Development
Positioning for Growth Through Sustainable Copper-Gold Exploration & Development Corporate Presentation CSE: NSG OTC: NSGCF FSE: 3WV October 10, 2026
Slide 2: Forward Looking Statement
Forward Looking Statement Statements in this corporate presentation contain forward looking information including expectations of future production and commodity prices, drilling and exploration plans, timing and amounts of capital expenditures and future expenditure levels. Readers are cautioned th
Slide 3: Flagship Projects - 100%-owned
Flagship Projects - 100%-owned Miller Copper- Gold / Rosegrove Properties Near-surface Allied Syenite intrusion- hosted gold-telluride and high-grade Cam Copper Mine Cu-Au-Ag-Mo-Zn VMS exploration and development projects situated 18 km southeast of Kirkland Lake, Ontario Other Projects (Available f
Slide 4: The Miller Copper-Gold Property
THE MILLER COPPER-GOLD PROPERTY A UNIQUE EXPLORATION AND DEVELOPMENT OPPORTUNITY WITH SEPARATE HIGH-GRADE GOLD AND COPPER DEPOSITS ON THE SAME PROPERTY Northstar Gold Corp.’s 100%-owned Miller Copper-Gold Property hosts two distinct and potentially complementary opportunities: the high-grade Cam Cop
Slide 5: Northstar Gold – Copper Properties
NORTHSTAR GOLD – COPPER PROPERTIES KIRKLAND LAKE DISTRICT ▪ 100%-owned, 2,250 ha land package in the heart of the Kirkland Lake District ▪ $7.0M exploration expenditures and 13,700m drilled at Miller Property during past 6 years ▪ Primary long-term source of upside for Northstar Gold is gold potenti
Slide 6: Miller Copper-Gold and Rosegrove Properties
Miller Copper-Gold and Rosegrove Properties Miller - Cam Copper Mine – Boston Creek Cu Belt ▪ Recent Zone 2 drilling confirms multiple high-grade, VMS copper – gold – silver – molybdenum – zinc stratiform horizons south of Cam Copper Mine (14.8% Cu over 2.5m; 3.05% Cu, 5.9 g/t Au, 22.9 g/t Ag, 0.45%
Slide 7: The Allied Gold Zone
THE ALLIED GOLD ZONE The Allied Gold Zone is an advanced, near-surface alkalic intrusion-hosted gold- telluride system situated within the Miller Intrusive Complex. Northstar drilling has defined broad zones of near-surface gold mineralization accompanied by higher- grade gold-copper structures, wit
Slide 8: Cam Copper Surgical Mining Opportunity
CAM COPPER SURGICAL MINING OPPORTUNITY Northstar drilling has confirmed a high-grade, polymetallic VMS system at Cam Copper, with the near-surface Zone 2 forming the initial focus for potential development. A 2025 Exploration Target Study outlined a conceptual 75,000 to 140,000 tonnes grading 9% to
Slide 9: Exploration Target Disclosures
EXPLORATION TARGET DISCLOSURES* *The above Exploration Target estimates highlight the exploration potential of the Allied Gold Zone and Cam Copper Zone 2 on the Miller Copper-Gold Property. The quantity and grades are purely conceptual in nature. Insufficient exploration has been carried out to defi
Slide 10: Miller Copper Gold Property Allied Gold Zone
Miller Copper Gold Property Allied Gold Zone
Slide 11: Miller Property – Kirkland Style Alkalic Gold – Telluride Syenites & Deep Gold-Copper Targets
Miller Property – Kirkland Style Alkalic Gold – Telluride Syenites & Deep Gold-Copper Targets ▪ Miller Intrusive Complex consists of at least 3 exposed alkalic syenite stocks hosting near-surface high-grade and bulk tonnage gold-telluride (copper) mineralization ▪ Exploration targets include the his
Slide 12: Miller Property Allied Gold Zone – Near Surface Bulk Tonnage Gold Deposit Open to Expansion
Miller Property Allied Gold Zone – Near Surface Bulk Tonnage Gold Deposit Open to Expansion ▪ 8 – 2021 Phase II drill holes doubled the Bulk Tonnage Allied Gold Zone surface footprint to 350m X 200m. ▪ MG21-56: 6.60 g/t Au / 117m ▪ MG21-63: 0.91 g/t Au/ 63.9m ▪ MG21-64: 0.87 g/t Au/ 81.5m ▪ MG21-65:
Slide 13: Miller Gold Property Near Surface Kirkland-Style Bulk Tonnage and High-Grade Gold-Telluride
Miller Gold Property Near Surface Kirkland-Style Bulk Tonnage and High-Grade Gold-Telluride (Copper) Mineralization MG21-56 - Phase IIA Allied Visible Gold and Gold Tellurides @ 69.7m Gold Telluride Stringers @ 69.7m in Split Core Gold Zone Expansion Drilling Results m ▪ 6.6 g/t Au over 117m from 14
Slide 14: Allied Bulk Tonnage Gold Zone & Vein 1 3D Model & Gold Grade Estimates
Allied Bulk Tonnage Gold Zone & Vein 1 3D Model & Gold Grade Estimates (SRK 2022) 2023 14
Slide 15: Miller Gold Property – Planet and Meilleur Syenites - Allied Gold Zone Lookalikes
Miller Gold Property – Planet and Meilleur Syenites - Allied Gold Zone Lookalikes Planet Syenite 2015 Results DDH-2 6.6 ▪ 3.3 g/t Au / 11.6m g/t Au over ▪ 0.57 g/t Au / 147.2m 9.2m 2020 Results ▪ 1.9 g/t Au / 22.6m; incl 31.1 g/t Au / 0.7m and 15.1 g/t Au / 0.8 m Meilleur Syenite 2015 Results ▪ 20.8
Slide 16: 2022 Allied and Vein 1 Gold Zones Exploration Target Estimates
2022 Allied and Vein 1 Gold Zones Combined Allied Exploration Target Estimates and Vein 1 Tonnage Gold Grade Total Ounces (metric Exploration Target (g/t Au) of Gold tonnes) Ronacher Mackenzie Geoscience Estimates * and SRK Consulting (Canada) Inc. *The Exploration Target estimate primarily highligh
Slide 17: Allied Bulk Tonnage Gold Zone & No. 1 Vein 3D Model; Omissions and Expansion Upsides
Allied Bulk Tonnage Gold Zone & No. 1 Vein 3D Model & Gold Grade Estimates (SRK 2022) Omissions and Expansion Upsides ▪ The SRK Target Study upper range of ▪ Planet and Meilleur Syenites not included >500,000 oz gold averaging 2.06 g/t Au is in estimations considered understated due to insufficient
Slide 18: 3D Mag / IP Longitudinal Section
3D Mag / IP Longitudinal Section Potential Deep- Seated Mafic Intrusion and New Au-Cu Targets ▪ Newly defined >1 km deep UAV magnetic signature significantly enlarges Miller Intrusive Complex and potential Allied Gold Zone Au-Cu source to depth ▪ Northstar actively seeking major partner to advance e
Slide 19: Allied Gold Zone Near Surface IP Expansion Targets and Proposed Drill Holes
Allied Gold Zone Near Surface IP Expansion Targets and Proposed Drill Holes ▪ 5-7 drill holes ~1,500m. ▪ Key expansion drill program targeting high grade copper gold mineralization along the Independence Fault Zone, CG-1, and CG-2 Zones, and Allied Syenite margin 40 mV/V IP anomalies 2023 19
Slide 20: Miller Copper Gold Property Cam Copper Mine
Miller Copper Gold Property Cam Copper Mine
Slide 21: Cam Copper Surgical Mining Opportunity
Miller Copper-Gold Cam Copper Surgical Mining Opportunity Property ▪ Cam Copper is the southernmost of three historic, small-scale direct- shipping shaft copper mines situated along the Boston Creek Copper Belt. ▪ Underground development between 1929 and 1953 included a 220-foot vertical shaft, cros
Slide 22: Cam Copper Mine Zone 2 Surgical Mining Target and VMS Extension Drilling
Miller Copper-Gold Cam Copper Mine Zone 2 Surgical Mining Target Property and VMS Extension Drilling ▪ 2003 drilling confirmed high- grade Beshi VMS copper- sulphide mineralization at No. 2 Zone (14.8% Cu over 2.45m) ▪ 2024 step-out drilling confirmed near-surface copper-gold-silver VMS mineralizati
Slide 23: Cam Copper High-Grade Copper Surgical Mining Project
Cam Copper High-Grade Copper Surgical Mining Project ▪ A Cam Copper Surgical MiningTM pilot program is advancing under a Surgical Mining Services Agreement with Novamera Inc. (October 9, 2025) and a Master Project Agreement consortium with Novamera Inc., Micon International Limited and DIGITAL ▪ Pro
Slide 24: Northstar / Novamera Positioning to Surgically Mine High-Grade Copper at Cam Copper in 2027
Northstar / Novamera Positioning to Surgically Mine High-Grade Copper at Cam Copper Project in 2027 • On July 23, 2025, Northstar and Novamera Inc. announced the signing of a Surgical Mining Services Agreement (SMSA). The scope of work envisages evaluating the potential for Novamera Inc. to deploy i
Slide 25: 2023 Cam Copper Drill Core
2023 Cam Copper Drill Core Zone 2 – Massive Sulphide High Grade VMS Copper DDH CC01-23 – 19.5% Cu/0.5m (Zone 1) DDH CC03-23 – 14.8% Cu/2.5m (Zone 2) DDH CC02-23 – 8.2% Cu/1.5m (Zone 2) DDH CC01-23 – 5.9% Cu/1.5m (Zone 3) 2025 NORTHSTAR GOLD CORP | Investor Presentation 25 25
Slide 26: 2025 Cam Copper Drill Core
2025 Cam Copper Drill Core Zone 2 – High Grade Massive Sulphide VMS Cu-Au-Ag-Mo Zone 2 Breccia Clasts and Disseminated Cu-Mo Sulphides with Au and Ag (DDH CC-25- 14) 2025 NORTHSTAR GOLD CORP | Investor Presentation 26 26
Slide 27: 2025 Cam Copper Mine Zone 2 Drill Core
2025 Cam Copper Mine Zone 2 Drill Core High Grade VMS Copper (Bornite) in Drill Hole CC-25-16 Photo 3. Massive and Stringer Bornite and Chalcopyrite with Au and Ag in Zone 2 (DDH CC-25-16) 13.95% Cu, 0.62 g/t Au and 32 g/t Ag over 0.56 metres core length from 202.72 metres to 203.28 metres 2025 NORT
Slide 28: Cam Copper Project: Long-Section View of Zone 2 showing Drill Hole Intercepts
surface Cam Copper Project: Long-Section View (NE) of Zone 2 showing Drill Hole Intercepts Fe Sulphide UG drift Domain Cu Sulphide CC-23-03: 14.8% Cu, 0.036 g/t Au, 10.9 g/t Ag over 2.45m Domain CC-25-17A: 2.1% Cu, 0.02 g/t Au, 4.0 g/t Ag over 0.53m CC-25-14: 3.05% Cu, 5.9 g/t Au, 22.9 g/t Ag, 0.45%
Slide 29: Cam Copper Mine 3D Model Zones 1-4 and Recent Diamond Drill Hole Intercepts
Cam Copper Mine 3D Model Zones 1 - 4 and Recent Diamond Drill Hole Intercepts ▪ 2023, 2024 and 2025 drilling (14 holes in 2,450 meters) at Cam Copper has identified a discrete, high-grade copper Zone 2 volcanic vent structure measuring 60m in strike length and a depth of 150m. ▪ The Zone 2 vent stru
Slide 30: Benefits of Surgical Mining
Benefits of Surgical Mining Unlock previously uneconomic deposits. 7x faster to ore Fraction of CAPEX cost Sustainable & community friendly Increased safety 2025 30
Slide 31: Novamera Smart Drilling System
Novamera Smart Drilling System Mining with 2-metre Diameter Rotary Drill Positioning Control System Course Correction Device 2025 31
Slide 32: Conceptual Zone 2 Surgical Mine Plan Using Novamera Simulation Software
Conceptual Zone 2 Surgical Mine Plan Using Novamera Simulation Software 204 m
Slide 33: Miller Copper-Gold Property – Fully Permitted to Drill
Miller Copper-Gold Property – Fully Permitted to Drill ▪ Northstar has recently received a renewed 3-year drill permit for the Miller Copper-Gold Property ▪ Abundant skilled local workforce available for hire or contracting ▪ Northstar will initiate MOU agreement updates with Matachewan First Nation
Slide 34: Next Steps
Next Steps
Slide 35: Northstar – Cam Copper Next Steps
Northstar – Cam Copper Next Steps • Update to Cam Copper Block Model and Novamera modelling in progress • Preliminary metallurgical study (SGS) – in progress • Geological modelling, Resource Estimation and 43-101 Technical Report – following block model - Project Partner Micon International Limited
Slide 36: Capitalization & Ownership Profile
Northstar Gold Corp. Shareholder Profile Capitalization & April, 2026 Ownership Profile 7% 22% Capitalization (C$, millions, except per share) 60% 10% 1% Basic Shares Outstanding (Approximately) 159 Warrants (Avg, $0.07)* 55 Options Options 13 Warrants Institutions Fully Diluted Shares Outstanding 2
Slide 37: Board of Directors, Special Advisor & Management
Board of Directors, Special Advisor & Management Brian P. Fowler, Director, President & CEO Mike Sutton – Special Advisor o 45 years experience as a mining executive, analyst, exploration o 35 years as an exploration geologist at major gold camps manager and consulting geologist. (Witwatersrand, Tim
Slide 38: Syn
Syn NORTHSTAR GOLD CORP CSENSG OTCOBNSGCE YOUNG DAVIDSON MINE P&P 3.0 Moz Au @2.20 git Au M&l 1.5 Moz Au @ 3.15 git Au Inf 0.17 Moz Au @ 3.67 git Au Larder Lake-Cadillac Fault Zone ——~— COTE GOLD MINE = 7.04 Moz @ 1.01 git Au 11.30 Moz @ 0.83 git Au Pap Mal Inf. = 1.21 Moz @ 0.60 g/t Au 4) La} MACAS
Slide 39: Contact Us
Contact Us Brian P. Fowler , P.Geo. Suite 203, 82 Richmond Street East President and CEO Toronto, ON, M5C 1P1 bfowler@northstargoldcorp.com PO Box 2529 (604) 617-8191 New Liskeard, Ontario P0J 1P0 www.northstargoldcorp.com CSE: NSG OTC: NSGCF FSE: 3WV 39
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