Vancouver, British Columbia--(Newsfile Corp. - July 13, 2026) - Northstar Gold Corp. (CSE: NSG) ("Northstar" or the "Company") is pleased to announce receipt of an initial $627,663 DIGITAL co-investment reimbursement under the Surgical Mining for Critical Minerals Project (the "Project"), a collaborative initiative involving Novamera Inc., Micon International Limited ("Micon") and DIGITAL – Canada's Global Innovation Cluster for digital technologies.
The reimbursement represents Northstar's first cash payment under the consortium's Master Project Agreement ("MPA") and reflects eligible Project expenditures incurred in advancing the Company's Cam Copper Zone 2 Surgical Mining™ initiative at the Miller Copper-Gold Property located near Kirkland Lake, Ontario.
The payment was generated from approximately $2.14 million in approved eligible Project expenditures, resulting in a DIGITAL co-investment contribution of $750,524. Following applicable project fees and taxes, Northstar received a net reimbursement of $627,663.
This initial reimbursement represents the first of several anticipated DIGITAL funding claims. Northstar remains eligible to receive approximately $1.2 million in additional DIGITAL co-investment funding, subject to completion of approved Project activities, eligible expenditures and customary claim approvals under the Master Project Agreement. Additional reimbursements are expected periodically over the balance of the approximately two-year Surgical Mining for Critical Minerals Project.
The Surgical Mining for Critical Minerals Project was previously approved for up to $3.84 million in non-dilutive co-investment funding as part of an approximately $11 million consortium-led initiative focused on advancing innovative technologies for critical mineral extraction. Through the Project, Northstar, Novamera and Micon are advancing geological modelling, technical studies, subsurface characterization, metallurgical evaluation, permitting, engineering and commercialization pathways supporting future deployment of Surgical Mining at the Company's historic Cam Copper Mine.
Brian P. Fowler, P.Geo., President and CEO of Northstar, commented:
"Receipt of this initial DIGITAL reimbursement marks an important milestone in the advancement of our Cam Copper Surgical Mining initiative and validates the significant technical, engineering and project development work completed by the Project consortium to date. This non-dilutive funding strengthens Northstar's financial position while supporting continued advancement of one of Canada's most innovative critical mineral development projects."