Northern Shield Resources Inc. announced that more visible gold has been found in the Conquest Zone during recent trenching at its Root & Cellar Property. Root & Cellar is located on the Burin Peninsula in southeastern Newfoundland. Northern Shield can earn up to a 100% interest in the Project, which is being explored for epithermal gold-silver and porphyry-copper mineralization.

The sample was collected from material excavated from an approximately two-metre-deep trench located near the eastern end of the Conquest Zone in the vicinity of the other recently reported visible gold samples (see Company news releases dated September 7th and December 13th, 2022). Groundwater, which tends to lie on top of the bedrock in the low-lying areas, was encountered in these trenches, and along with a subsequent very heavy snowstorm prevented personnel from accessing the trench for more detailed investigation at the time. A ground Induced Polarization (IP) geophysical survey is also underway and is expected to be completed within two weeks.

Trenching will resume after initial processing and interpretation of the IP data. This news release contains statements concerning the exploration plans, results and potential for epithermal gold deposits, and other mineralization at the Company's Root & Cellar Property, geological, geophysical and geometrical analyses of the properties and comparisons of the properties to known epithermal gold deposits and other expectations, plans, goals, objectives, assumptions, information or statements about future, conditions, results of exploration or performance that may constitute forward-looking statements or information under applicable securities legislation. Such forward-looking statements or information are based on a number of assumptions, which may prove to be incorrect.

Although Northern Shield believes that the expectations reflected in such forward-looking statements or information are reasonable, undue reliance should not be placed on forward–looking statements because Northern Shield can give no assurance that such expectations will prove to be correct. Forward-looking statements or information are based on current expectations, estimates and projections that involve a number of risks and uncertainties which could cause actual results to differ materially from those anticipated by Northern Shield and described in the forward–looking statements or information. These risks and uncertainties include, but are not limited to, risks associated with geological, geometrical and geophysical interpretation and analysis, the ability of Northern Shield to obtain financing, equipment, supplies and qualified personnel necessary to carry on exploration and the general risks and uncertainties involved in mineral exploration and analysis.