Northern Shield Resources Inc. announced that preliminary results from the surface IP geophysical survey at its Root & Cellar Gold-Silver-Copper Property (the "Property") are very encouraging. Northern Shield can earn up to a 100% interest in the Property which is located on the Burin Peninsula in southeastern Newfoundland and is being explored for epithermal gold-silver and porphyry-copper mineralization. Approximately 75% of the IP survey, as originally planned, has been completed.

Preliminary interpretation of the pseudo-sections has identified two primary areas of significance. Firstly, multiple IP anomalies of moderately strong chargeability are apparent on the eastern end of the first four lines surveyed and are the strongest anomalies delineated to date by the current IP survey. Several of the IP lines are now being extended to get a complete section through these targets for improved modelling and interpretation.

These anomalies appear to correspond to what was previously designated the "East Conquest Targets". This target area was identified as an area of interest based on its obvious magnetic low signature and because of a spatially related chargeability anomaly highlighted on the last line of the IP survey conducted in 2021. Secondly, preliminary interpretation of the pseudo-sections also confirm the presence of IP anomalies corresponding to the CZ1 target in the central Conquest Zone and in the continuation of this structure to the north (CZ2).

Only a small portion of this target projects to surface and it corresponds to the location where much of the high-grade gold has been found to date. The 2021 IP survey was run in a north-south direction, perpendicular to the trend of the geological units. However, since then, field work has identified mineralized structures trending north-south.

Although the modelling of the 2021 survey identified the presence of these structures, the orientation of the surveyed lines was not optimal. The current IP survey will be better define these north-trending targets.