North Shore Appoints Experienced Mining Executive to the Board
DECEMBER 8, 2025 TSX-V:NSU
NORTH SHORE APPOINTS EXPERIENCED MINING EXECUTIVE TO
THE BOARD
North Shore Uranium Ltd. (TSX-V: NSU) (“North Shore” or the “Company”) is pleased to announce
the appointment of Mr. Blake Steele to the Board of Directors. In addition, Mr. James Arthur has retired
from the Board of Directors.
Mr. Brooke Clements, President and CEO of North Shore stated: “With his proven track record of
building and selling a successful in-situ recovery (“ISR”)- focused uranium company in the United States
of America, Mr. Steele is a valuable addition to the North Shore Board. He is well-positioned to play a key
role in our financing efforts, utilizing his strong relationships with investment banks, research analysts,
and institutional and retail investors, and to help the Company advance its Rio Puerco uranium project in
New Mexico. Additionally, I would like to personally thank Mr. James Arthur for his many contributions to
the Company’s growth as a director who has been with North Shore from the beginning. ”
Mr. Steele is an experienced metals and mining executive and director who brings strong business acumen
and a wealth of experience in capital markets and mineral resources across major international jurisdictions,
including North America, Asia, and Australia. H e has more than a decade of experience in the uranium
sector.
In his past role as President and CEO of Azarga Uranium Corp. (“Azarga Uranium”), Mr. Steele
demonstrated exceptional leadership and strategic vision , orchestrating key mergers and acquisitions and
significant capital growth. Azarga Uranium was acquired by enCore Energy Corp. for approximately C$200
million in 2022.
Mr. Steele holds a Bachelor of Commerce from The University of British Columbia and is a member of the
Canadian Institute of Chartered Accountants and the Canadian Institute of Chartered Business Valuators.
Mr. Arthur has agreed to act as a n advisor to North Shore. The Company would like to thank him for his
contributions as a director and appreciates his willingness to continue as an advisor.
ABOUT NORTH SHORE
The nuclear power industry is in growth mode as more nuclear power will be required to meet the world’s
ambitious CO2 emission-reduction goals and the needs of new power-intensive technologies like AI. In this
environment, new discoveries of economic uranium deposits will be very valuable, especially in established
uranium-producing jurisdictions like Saskatchewan and Ne w Mexico. North Shore is well -positioned to
become a major force in exploration for economic uranium deposits. The Company is working to achieve
this goal by exploring Rio Puerco in the Grants Uranium District of New Mexico and its Falcon and West
Bear properties at the eastern margin of the Athabasca Basin in Saskatchewan. In addition, the Company
continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of
uranium properties.
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ON BEHALF OF THE BOARD
Brooke Clements,
President, Chief Executive Officer and Director
For further information, please contact:
Brooke Clements, President, Chief Executive Officer and Director
Telephone: 604.536.2711
Email: [email protected]
www.northshoreuranium.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Statements
This news release contains “forward‑looking information” and “forward‑looking statements” (collectively,
“forward‑looking statements”) within the meaning of applicable securities laws. All statements, other than
statements of historical fact, that address activities, events or developments that the Company believes,
expects or anticipates will or may occur in the future are forward‑looking statements. Forward‑looking
statements are frequently characterized by words such as “plan,” “project,” “believe,” “expect,” “intend,”
“aim,” “seek,” “anticipate,” “estimate,” “could,” “may,” “should,” “would,” and “will,” and similar
expressions, or their negatives. Forward-looking statements in this release, directly or implied include, but
are not limited to: the expectation that Mr. Steele could play a key role in the Company’s financing efforts;
the expectation that Mr. Steele could help the Company advance its Rio Puerco uranium project in New
Mexico; the Company’s plans to advance and continue exploration at the Rio Puerco project and at the
Falcon and West Bear properties; the Company’s intention to continue evaluating quality opportunities in
the United States and Canada to complement its portfolio; the belief that the nuclear power industry is in
growth mode and that increased nuclear power generation will be required to meet global CO₂‑reduction
goals and the needs of power‑intensive technologies such as AI; the belief that new discoveries of economic
uranium deposits will be very valuable ; and t he belief that North Shore is well‑positioned to become a
leading explorer for economic uranium deposits . These forward‑looking statements are based on
assumptions that management believes are reasonable, including that uranium market and geopolitical
conditions and long‑term demand for nuclear power remain positive; that any necessary permits and
approvals for exploration programs at Rio Puerco, Falcon and West Bear will be obtained in a timely
manner and that the programs can be executed substantially as planned ; that technical evaluations may
confirm ISR viability at Rio Puerco; that the Company can identify and acquire additional quality uranium
assets in North America;
Risks and uncertainties that may cause actual results to differ materially from those anticipated include, but
are not limited to: the inability to complete successful financings and market conditions limiting access to
capital; technical challenges during exploration programs; potential opposition from local stakeholders or
regulatory changes, global energy policy shifts or delays in nuclear plant construction reducing uranium
demand; alternative technologies displacing nuclear power growth; uranium price volatility undermining
certain project’s economics; inability to attract and retain technical and managerial talent; operational
challenges, environmental incidents, accidents, labour disputes; and changes in laws, regulations or TSXV
policies.. There may be other factors that cause actual results, performance, or achievements to differ
materially from those anticipated or implied by the forward -looking statements. Any forward -looking
statement speaks only as of the date on which it is made and, except as may be required by applicable
securities laws, the Company disclaims any intent or obligation to update any forward- looking statement,
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whether as a result of new information, future events, or results or otherwise. Forward-looking statements
are not guarantees of future performance and accordingly undue reliance should not be put on such
statements due to the inherent uncertainty therein. Any forward-looking statements contained in this news
release are expressly qualified in their entirety by this cautionary statement.