Northgold AB announced copper assay results from its Kopsa copper and gold project in central Finland, from the completed 2022 drill program that included 4,241 metres (m) across 25 drill holes at Kopsa. Previously reported gold assays included 28 highlighted gold intersections (together spanning 1,509m across 23 drill holes) that targeted resource expansion, and which are currently being incorporated (together with announced copper assays) to an updated resource estimate. The weighted average gold grade across the 28 previously reported gold intersections that targeted resource expansion was 1.05 grams per tonne ("g/t") gold ("Au"), which exceeded the historic resource gold grade of 0.81 g/t Au by 30%.

Further to this, the weighted average of today's reported copper grades for these same 28 intervals is 0.15% copper ("Cu"), which is in-line with the historic resource copper grade of 0.16% Cu. This copper amounts to 20% of the gold-equivalent metal value across these 28 intercepts, resulting in a weighted average gold-equivalent ("AuEq") grade of 1.26 g/t AuEq, which exceeds the historic resource grade of 1.05 g/t AuEq by an exceptional 20%. Highlights: Highlighted copper assay grades (and restated gold assay grades with combined gold-equivalent grades) for select drill holes across each target area include: Further delineation of central zone, in drill holes NGKOP22001 and NGKOP22022.

3.90 g/t Au and 0.19% Cu (4.19 g/t AuEq) over 98.7m from 6.1m (NGKOP22001). 2.48 g/t Au and 0.41% Cu (3.09 g/t AuEq) over 45.85m from 29.45m (NGKOP22022). Continuation of central zone, in drill hole NGKOP22002: 1.18 g/t Au and 0.12% Cu (1.36 g/t AuEq) over 17.45m from 78.2m.

Down-dip southeast continuation, in drill hole NGKOP22007: 0.55 g/t Au and 0.17% Cu (0.80 g/t AuEq) over 112.5m from 53.5m. Down-dip southwest extension, in drill hole NGKOP22014: 0.72 g/t Au and 0.16% Cu (0.96 g/t AuEq) over 83.2m from 79.5m. Along-strike west extension, in drill hole NGKOP22019: 0.62 g/t Au and 0.13% Cu (0.82 g/t AuEq) over 79m from 14m.