NRN.V · 2023-11-30 12:00:00

Northern Shield Intersects Multiple Gold Structures including 10.4 g/t Au Over 1.5 Metres at Root & Cellar Property, Newfoundland

Drill Results

Northern Shield Intersects Multiple Gold

Structures including 10.4 g/t Au Over 1.5

Metres at Root & Cellar Property,

Newfoundland

OTTAWA, ON

Nov. 30, 2023

/CNW/ - Northern Shield Resources Inc. ("Northern Shield" or the

"Company") (TSXV: NRN) is pleased to provide the results of a scout diamond drilling program at

Root & Cellar ("Root & Cellar" or the "Project"), including 10.4 g/t Au over 1.5 metres. Root & Cellar

is located on the

Burin Peninsula

in southeastern

Newfoundland

and offers easy access for

exploration work programs. The Company can earn up to a 100% interest in the Project, which is

being explored for epithermal gold-silver and porphyry-copper type mineralization, both associated

with tellurium (Te).

Figure 1. Summary of gold results from 2023 drill program plotted with previously reported surface

sampling. Purple lines represent mineralized fractures compiled from surface sampling, mapping, drill

intersections and geophysics.

The western most three features have a different geochemical

signature from the other two and are interpreted to be offshoots from a large underlying feeder

structure apparent on the IP geophysical surveys. (CNW Group/Northern Shield Resources Inc.)

Drill Core Results

The drilling program consisted of 8 drill holes totalling 687 metres. The program intersected the top

portions of two north-trending feeder zones (Figure 1). The westernmost structural zone was

intersected three times:

DDH 23RC-21 - 10.4 g/t Au over

1.5 m

including 23.5 g/t Au over 0.5 metres

DDH 23RC-21 – 3.1 g/t Au over 1 metre

DDH 23RC-18 - 5.7 g/t Au over 2 metres

This structure was not observed on surface; however, it is clearly identifiable by drilling, and at depth

in both the 2021 (Figure 2) and 2023 IP geophysical surveys. The second structure, which had been

previously identified on surface, was intersected in drill holes 23RC-15, 16, 17 and 20, returning

grades of up to 9.1 g/t over 0.65 metres (see Table 1 for significant assays). Of the 200 samples

collected in the drilling program, 135 samples assayed greater than 0.1 g/t Au.

Much of what was intersected in this drilling program is interpreted as stratabound mineralization

which forms a lower grade "umbrella" or cap to the feeder structures, where fluids percolated into

porous, and perhaps unconsolidated, volcanic ash layers. This has important implications for other

large IP targets such as that in the Conquest North area (Figure 3).

"Despite a very limited-scale drilling program, we continue to find new gold-bearing zones and can

finally trace gold mineralization along a northerly structural trend through multiple intersections.

Since this scout drilling program was designed to follow the broad surface mineralization down into

structures using several shallow holes, the intersections in drill holes RC23-18 and 21 are

particularly important as they appear to be "leakage" from one of the main underlying feeder

structures that is manifest as a very strong, geophysical anomaly, yet to be tested. We very much

look forward to the next drilling program, following these gold intervals down into the boiling zone

by targeting deeper portions of these structures. We are also very excited about the mounting

evidence leading to the development of the model, suggesting that Root & Cellar is on the flanks of

a collapsed caldera system and the implications this has for the greater mineral potential of the

Root & Cellar Property."

Ian Bliss

Northern Shield President and CEO

Up-Coming Work

The next drilling program, anticipated to commence in early February, will have 3 principal

objectives:

Follow the new gold intersections in drill holes 23RC-18 and 23RC-21, down into the centre of

the boiling zone, as shown by underlying strong IP anomalies coincident with the intersected

structures.

Test two other nearby, sub-parallel, geophysical targets supported by anomalous surface gold

values.

Test portions of the large IP

anomaly in the northern Conquest area that coincide with the inner

ring faults of the interpreted collapsed

caldera

(Figure 3).

Trench permits have now been received and trenching will start at the earliest opportunity, weather

permitting, perhaps as soon as first week of December.

Exploration/Geological Model

Through on-going field and desk-top work, the developing geological model suggests Root & Cellar

may be part of a large collapsed caldera complex (Figure 3). The caldera collapse caused a series

of concentric ring faults, some of which are listric in nature. These ring faults, particularly where they

intersect other structures, became the focus for further volcanic and magmatic eruptions and

abundant hydrothermal fluid flow. Considering its geological age, the stratigraphy at Root & Cellar is

remarkably intact and up-right. This developing interpretation has important implications for

exploration at Root & Cellar as follows:

Such collapsed caldera systems can produce very large deposits.

Mineralization

is found in both sub-vertical and sub-horizontal structures and contacts.

There may be an overlap, or transition, from low, to intermediate, to high sulphidation

mineralization

due to on-going volcanic/magmatic activity. Hence the intermediate

sulphidation

mineralization

of the Drop Zone, Windfall and

Braxton

Bradley showings, may all be part of the

same system as Conquest.

The drilling project was overseen by, and this news release approved by

Christine Vaillancourt

, P.

Geo., the Company's Chief Geologist and a Qualified Person under National Instrument 43-101.

Samples were analyzed by ALS Global in

Vancouver, BC

, for Au by Fire Assay and multi-elements

by four acid digestion and ICP-AES. All standards and duplicates by ALS Global meet targeted

values. The width of the assayed intervals given in this news release may not represent the true

width of mineralization. Due to the coarse-grained nature of free-gold, some samples will be re-

analysed by gold screened metallics, a method better suited to measuring free-gold concentration.

Webinar

For more context, join CEO

Ian Bliss

for a live webinar on

Monday, December 4th

1pmET

10amPT

Click here to register

About Northern Shield

Northern Shield Resources Inc. is a Canadian-based company, known as a leader in generating

high-quality exploration targets, that views greenfield exploration as an opportunity to discover a

near surface, tier one asset, at relatively low cost. We implement a model driven approach in

exploration to reduce risks associated with early-stage projects for ourselves, our shareholders, and

the environment. This approach is what led to the discovery of an alkaline-related gold-silver-

tellurium and porphyry copper system at the Root & Cellar Project in

Newfoundland

Forward-Looking Statements Advisory

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.

The forward-looking statements or information contained in this news release are made as of the

date hereof and Northern Shield undertakes no obligation to update publicly or revise any forward–

looking statements or information, whether as a result of new information, future events or

otherwise, unless so required by applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in

policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this

release.

Table 1 Highlighted sample interval from drill program.

Drill-hole 23RC-18:

5.9 g/t

Au over 2 metres from 30.2 to 32.2

From (m)

TO (m)

Interval (m)

Gold (g/t)

Silver (g/t)

Tellurium (g/t)

including

30.2

30.8

0.6

4.73

7.7

including

30.8

31.8

7.47

3.3

including

31.8

32.2

0.4

3.64

1.9

Drill-hole 23RC-21:

10.4 g/t

Au over 1.5 metres from 1.25 to 2.75

From (m)

TO (m)

Interval (m)

Gold (g/t)

Silver (g/t)

Tellurium (g/t)

including

1.25

1.75

0.5

23.5

13.7

including

1.75

2.2

0.45

1.55

3.5

including

2.2

2.75

0.55

5.6

4.2

Drill-hole 23RC-21:

3.1 g/t

Au over 1 metre from 22.8 to 23.8

From (m)

TO (m)

Interval (m)

Gold (g/t)

Silver (g/t)

Tellurium (g/t)

including

22.8

23.3

0.5

2.37

1.6

including

23.3

23.8

0.5

3.88

Drill-hole 23RC-16: 0.6 g/t Au over 34 metres from 12 m to 46

From (m)

TO (m)

Interval (m)

Gold (g/t)

Silver (g/t)

Tellurium (g/t)

including

23.5

24.15

0.65

9.1

7.4

and

28.35

28.8

0.45

1.245

2.8

and

1.48

6.9

and

39.8

0.8

1.355

2.3

and

40.4

40.8

0.4

1.02

2.8

Figure 2. Image from line 5200 E of the 2021 IP survey showing a strong IP chargeability anomaly in

the vicinity of recent drilling with significant intersection from drill holes 23RC-18 and 21 projected

back onto the IP section. (CNW Group/Northern Shield Resources Inc.)

Figure 3. 3D image compilation of Root & Cellar showing collapsed caldera model and a selection of

ring and radial faults. Yellow bubbles represent surface samples with > 0.1 g/t gold. (CNW

Group/Northern Shield Resources Inc.)

SOURCE

Northern Shield Resources Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/November2023/30/c4052.html

%SEDAR: 00007505E

For further information:

Northern Shield Resources Inc. Ian Bliss, President and CEO, Tel.: (613)

232-0459,Fax: (613) 232-0760, [email protected]

CO: Northern Shield Resources Inc.

CNW 08:00e 30-NOV-23

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