Slide 1: A Unique Opportunity
TSX-V: NRN A Unique Opportunity Corporate Presentation August, 2016 TSX-V: NRN
Slide 2: Forward-looking statements
TSX-V: NRN 2 This document contains statements concerning the potential for PGE, Ni–Cu and other mineralization at Idefix, Huckleberry, Sé2, and Sequoi; geological, geophysical, geochemical and geometrical analyses at Idefix, Huckleberry, Sé2, and Sequoi and other expectations, plans, goals, objecti
Slide 3: Northern Shield Resources
TSX-V: NRN 3 Northern Shield Resources Experienced exploration company focused on platinum and palladium group element (“PGE”) deposits and Noril’sk style nickel-copper-PGEs Significant and unparalleled knowledge of the Ni-Cu-PGE potential of the Labrador Trough, Quebec Recognized as a world-leader
Slide 4: Experienced and world-renowned exploration company focused on PGE
TSX-V: NRN 4 OVERVIEW (as of July 31) STOCK CHART (1 year) 52wk hi-lo: $0.22.5 - $0.01 Ticker TSX-V: NRN Common Shares O/S 192.2M Stock Price C$0.19 Market Capitalization C$32.8M 3 Month Avg. Daily Vol. 892,000 Treasury C$1.7M Total Debt C$0.0M Fiscal Year End Dec 31 Major Shareholders Teck Hudbay C
Slide 5: Management, Directors and Advisors
TSX-V: NRN 5 MANAGEMENT • Ian Bliss – President, CEO, Director • Samuel Legg – Chief Financial Officer • Christine Vaillancourt – Chief Geologist • James O’Sullivan – Corporate Secretary (Norton Rose Fullbright LLP) DIRECTORS • William Kiff – Chairman (formerly Foothills Oil and Gas Inc) • Dr. Scott
Slide 6: Corporate News and Exploration News
TSX-V: NRN 6 Corporate News Exploration News • VTEM modelling from Huckleberry identifies 15 EM anomalies of interest between 200 Siemens and 4000. • VTEM modelling from Séquoi identifies 6 high priority EM targets all between 3000 and 4000 Siemens • $1M investment by Commodity and modelled at 50 to
Slide 7: About South32
TSX-V: NRN 7 About South 32 NRN signed an Option • C$200,000 to NRN Agreement with South32 Ltd on the Huckleberry • Incur C$2.5M within two years to earn 50% Property (June 7, 2016) • Incur an additional C$2.5M in expenditures in Year 3 to earn an additional 20%. About South 32 • South32 is a global
Slide 8: Why Quebec?
TSX-V: NRN 8 Raglan Nickel Belt Labrador IDEFIX Trough HUCKLEBERRY SÉQUOI Why Quebec? • Mining friendly jurisdiction • Low political risk • ~30% tax refund on all exploration expenditures
Slide 9: Why the Labrador Trough?
TSX-V: NRN 9 Why the Labrador Trough? • Gabbro sills cover an area of 10,000 sq km, representing a massive source of mafic-ultramafic magma from which Ni, Cu and PGEs can be scavenged and concentrated
Slide 10: Extensive Cu-Ni-PGE mineralization
TSX-V: NRN 10 Extensive Cu-Ni-PGE mineralization • In 2014, Northern Shield discovered Cu-(Ni-PGE) mineralization at Huckleberry and subsequent exploration has confirmed the Boulder assaying 4% Cu indicates a mineralization to be very extensive. zone of higher grade copper exists within the property
Slide 11: Mineralization at Huckleberry formed by magmatic segregation
TSX-V: NRN 11 The mineralization on surface at Huckleberry has formed from the result of “magmatic segregation” • Segregation occurs when the magma Discovery of a xenolith of semi-massive cools unusually slowly. The only way sulphides assaying 1.2% Ni suggests this can happen is if: the nickel-rich
Slide 12: VTEM Survey Results
TSX-V: NRN 12 VTEM Survey Results • Survey identified 15 VTEM conductors of interest with moderate to very strong conductivities. • Of particular interest is a segmented conductor with a combined strike-length of 3.5 km coinciding with the Western Copper Zone, which includes a 900 m long EM anomaly
Slide 13: Séquoi target could be even bigger
TSX-V: NRN 13 While the data collected to date suggest Huckleberry could be a giant ore deposit, the recently acquired Séquoi Target could be even bigger. • Séquoi is a “blind” target located 10 kilometers east of Huckleberry.
Slide 14: Séquoi & Sé2 Properties
TSX-V: NRN 14 • Lake Bottom Sediment samples previously Séquoi & Sé2 collected by the Quebec Properties government show the southern portion of the Labrador Trough to be highly anomalous in Ni and Cu. • The Ni and Cu dispersion train clearly appears to emanate from the Séquoi and Sé2 properties. Res
Slide 15: Séquoi Property VTEM anomalies
TSX-V: NRN 15 Outline of interpreted, SQ8 Séquoi flat-lying ultramafic intrusion SQ6 Property SQ5 Huckleberry Footprint of VTEM anomalies (interpreted pools of massive sulphide) SQ1
Slide 16: Séquoi modelled conductor, 3000 Siemens
TSX-V: NRN 16 Modelled at 3000 Siemens and 50 m thick Conduits within ultramafic intrusion? Outline of VTEM anomaly Solid White Line = surface expression of draped over Calculated VTEM conductor Vertical Gradient of the Total Dashed White Line = footprint of down- Magnetic Intensity dip/down-plunge
Slide 17: SQ6 VTEM anomaly and magnetic intensity
TSX-V: NRN 17 Outline of VTEM anomaly Total magnetic Intensity draped over Total Magnetic Intensity SQ6 Modelled at 3000 Siemens and 50 m thick Note the footprint of the EM anomaly correlates to magnetic high Solid White Line = surface expression of conductor Dashed White Line = footprint of down-di
Slide 18: SQ1 VTEM anomaly modelled at 100 m thick
TSX-V: NRN 18 SQ1 Modelled at 3000 Siemens and 100 m thick Solid White Line = surface Outline of VTEM anomaly expression of conductor draped over Calculated Dashed White Line = near Vertical Gradient of the Total surface footprint of down- Magnetic Intensity dip/down-plunge extension of conductor
Slide 19: Séquoi Project scale comparison to Voisey's Bay and Noril'sk
Y SCALE COMPARISON TO NORTHEA- VOISEY BAY & NORIL’SK RESOURCES INC. Séquoi Project ’ Jinchuan Q * % Ye 5 Mt Ni Talnakh /g) 5km = oe eter 1a MeNt Pr 5km , s __ Moz 24MtCu ) 250 Moz PGM ’) == Nebo-Babel SI Mt ~1 Mt Cu (x Moz PGM) Voisey’s Bay ~ _— Thunder | “Bay North 5 2 Mt Ni : {7 , Mtcy hi- 170.3 M
Slide 20: Exploration News: Sé2 property
TSX-V: NRN 20 Exploration News • The Sé2 property covers an area underlain by the same series of structures that Northern Shield believes influences Séquoi. • Initial review of the survey data shows numerous strong conductors and several very strong conductors of interest. Further modelling is under
Slide 21: Idefix Summary
TSX-V: NRN 21 Idefix Summary 10 g/t • Idefix was originally being explored 4 g/t as a “reef-type” PGE target funded by Implats from South Africa. 14 g/t 7 g/t 11 g/t • A PGE reef, 20-34 meters thick, 8 g/t PGE+AU averaging 0.2-0.5 g/t PGE was 16 g/t identified and can be traced over 7 4 g/t kilomete
Slide 22: Evidence of Massive Ni-Cu-PGE Sulphides at Idefix
TSX-V: NRN 22 IDEFIX Evidence of Massive Ni-Cu-PGE IDEFIX Sulphides at Idefix • The globules contain ~2% Ni, ~4% Cu and ~ 20 g/t PGE. • They are very similar to the globules observed adjacent the massive sulphides at Noril’sk. 2 cm ~2% Ni • They indicate that a large pool of ~4% Cu high-grade Ni-Cu-
Slide 23: Upcoming drill programs
TSX-V: NRN 23 HUCKLEBERRY PROPERTY • August/September Diamond Drill Program SÉQUOI PROPERTY • September Diamond Drill Program SÉ2 PROPERTY • September Diamond Drill Program (time permitting) IDEFIX PROPERTY • June (2017) Diamond Drill Program • Further Ni-Cu-PGE Acquisitions
Slide 24: A Unique Opportunity…
TSX-V: NRN A Unique Opportunity… NORTHERN SHIELD RESOURCES INC. Ian Bliss, President & CEO 55 Metcalfe Street +1.613.232.0459 x 1001 Suite 440 www.northern-shield.com Ottawa, ON Canada K1P 6L5 info@northern-shield.com TSX-V: NRN