North Shore Uranium Ltd. provided an update on exploration plans at its 55,699 hectare Falcon Property located at the eastern margin of the Athabasca Basin in northern Saskatchewan. The Company has identified a number of high priority uranium targets on the Property and is fully funded to drill several of these targets in First Quarter 2024. Falcon is a highly prospective uranium exploration property with a limited exploration history in an area of the Athabasca Basin that is seeing increased exploration activity and recent discoveries.

Significant grass roots uranium discoveries in 2021 by Baselode Energy Corp. and 92 Energy Limited approximately 40 kilometres to the north, illustrate the potential for new basement-hosted discoveries in this area. In 2022, both the Company and Skyharbour Resources Ltd. completed fixed-wing gravity-magnetic-radiometric surveys that covered over 80% of Falcon.

Reinterpretation of the earlier electromagnetic data complemented by the recently acquired geophysical data is allowing the company to identify new high priority targets that have never been tested by drilling. North Shore's proposed 2023-2024 exploration program at Falcon is comprised of the following three components: Ongoing interpretation of historical and new geophysical and geological data to assist with prioritizing targets for detailed exploration; A First Quarter 2024 maiden drill program focusing on several high priority targets; and Prospecting, mapping and sampling related to the high priority targets in the summer of 2024 in preparation for future drill programs. The First Quarter 2024 drill program will be focused on several targets along a well-defined, dominantly northeast-southwest-trending EM conductor system at the southeastern end of the claim block. There has been no previous drilling in this area.

Gravity, magnetic and radiometric data are being analyzed to assist with pinpointing the highest priority drill locations along the EM conductors for drilling. The helicopter-supported program will be based out of Skyharbour's McGowan Lake Camp which is located approximately 55 kilometres to the north along an all-weather road. The Company has engaged TerraLogic Exploration Inc. ("TerraLogic"), of Cranbrook B.C., to manage its First Quarter 2024 drill program at Falcon.

TerraLogic has experience in the Athabasca Basin and a proven track record working with the mining and exploration industry, combining advanced data management and proven exploration techniques with a focus on precious metal, base metal and uranium exploration. In addition, Condor North Consulting ULC, recognized experts in the field of geophysical data processing and interpretation, have been retained to perform a detailed interpretation of the existing geophysical data to assist in optimizing drill target locations. Falcon consists of 15 mineral claims; four of the claims comprising 12,791 hectares are 100%-owned by the Company and the remaining 11 claims totaling 42,908 hectares are subject to an option agreement with Skyharbour.

Under the terms of the option agreement, North Shore can earn an 80% interest in the 11 claims and has the option to purchase the remaining 20% interest after it has earned its initial 80% interest. Falcon is located at the eastern edge of the Athabasca Basin and approximately 35 kilometres east of the Key Lake uranium mill and former mine. The new uranium discovery potential at Falcon is significant including shallow Athabasca-style basement mineralization associated with EM conductors and pegmatite-hosted mineralization similar to that discovered at the Fraser Lakes Zone B uranium resource located just three kilometres south of the property.