Newpath Resources Inc. provided update shareholders on plans for Northshore Gold Project located in the Schreiber-Hemlo Greenstone Belt. In October of 2022, the Company released an updated Mineral Resource Estimate (MRE) for North Shore. The updated MRE outlined a pit constrained inferred mineral resource containing 240,100 of gold contained in 6,511,000 tonnes at an average grade of 1.15 grams per tonne (g/t) Au.

The MRE assumes a recovery of 95% based on preliminary cyanide bottle roll testwork that returned >96% recovery. Northshore Mineral Resource Statement as at August 31, 2022. Tonnes, Grade (g/t Au), Cut off Grade (g/t Au"), Total Ounces, Category, 6,511,340, 1.15, 0.40, 240,075, Inferred.

The reported resource has been constrained within a USD 1,750/oz gold optimized pit shell. The Mineral Resource cut-off grade of 0.4 g/t Au was chosen to capture mineralization that is potentially amenable to open pit mining. The reported resources occur in bodies of sufficient size and continuity to meet the requirement of having reasonable prospects for eventual economic extraction.

Project location. Northshore comprises 3 patented claims and 38 unpatented (cell) claims within the Priske Township area, covering a total area of approximately 940 hectares. Northshore is located in the Thunder Bay Mining Division, approximately 4 kilometre (km) south of the town of Schreiber.

The location of the MRE is contained entirely within the Company's patented claims. The Company owns the surface and mineral rights for the patented claims and pays property taxes to the Township of Schreiber. As these lands are patented, the Company does not have to apply for a permit to conduct exploration work. A portion of the unpatented claims registered in the name of Newpath that comprise the Northshore Property were acquired in a purchase agreement in 2020 and subject to a 2% NSR royalty currently held by Metalla Royalty & Streaming Ltd. The current Northshore mineral resource does not extend onto the claims subject to the 2% NSR. The project is located in the traditional territory of Pays Plat First Nation and the Company has been actively engaged in consultation work.

Pays Plat First Nation has expressed concern about the potential environmental impact of a mine.