Northern Shield Resources Inc. announced the completion of a non-brokered private placement of 1,000,000 flow-through units at a price of CAD 0.05 per flow-through unit for aggregate gross proceeds of CAD 50,000 on December 29, 2023. Each flow-through unit consists of one common share issued on a flow-through and one-half of one common share purchase warrant. Each whole FT warrant is exercisable for one common share at a price of CAD 0.10 per share within 24 months of the closing. Securities issued under the transaction are subject to restrictions on resale for a period of four months and a day from the date of closing. The transaction is subject to final approval of the TSX Venture Exchange.

The TSX Venture Exchange has accepted for filing documentation with respect to anon-brokered private placement. The transaction included participation from one placee.