North Shore Receives Exploration Permits FOR RIO Puerco Uranium Project and Announces Marketing Engagement
MAY 26, 2026 TSXV:NSU | OTCQB: NSURF
NORTH SHORE RECEIVES EXPLORATION PERMITS FOR RIO
PUERCO URANIUM PROJECT AND ANNOUNCES MARKETING
ENGAGEMENT
North Shore Uranium Ltd. (TSX-V: NSU | OTCQB: NSURF) (“North Shore” or the “Company”) is
pleased to report that it has received the permits required to co mmence its first drill program at its Rio
Puerco uranium project in the Grants Uranium District of northwestern New Mexico (“Rio Puerco” or the
“Project”).
The Company has received approval of its Minimal Impact Exploration Operation Permit from the state of
New Mexico and its Notice of Intent to conduct mineral exploration activities at Rio Puerco from the Bureau
of Land Management . North Shor e’s drill contractor Harris Exploration Drilling and Associates has
mobilized to the Project and the Company expects to commence its initial Rio Puerco drill program in the
near term. North Shore plans to drill up to 26 holes and the main objective of the program is to begin
validating and further evaluating historical exploration data generated by the Kerr-McGee Mining
Corporation in the 1960s and 1970s. Details of the 2026 drill program were reported on April 9, 2026.
Brooke Clements, President and CEO of North Shore stated: “We look forward to getting the drill
turning at Rio Puerco soon. The Rio Puerco Project represents an exciting growth opportunity for North
Shore and we look forward to validating the historical work completed by Kerr-McGee and confirming the
significant exploration potential of the Project. World energy demand is increasing and the United States
has indicated an intention to increase its domestic uranium supply, and we believe this supports advancing
a project like Rio Puerco.”
North Shore President and CEO Brooke Clements (left) and North Shore Director Blake Steele at Rio Puerco in
April 2026
- 2 -
MARKETING ENGAGEMENT
North Shore is pleased to announce that it has entered into a media and communications services agreement
(the "ECP Agreement") with Equity Catalyst Partners, LLC ("ECP"), under the terms of which ECP will
provide media relations engagement, public disclosure management, assistance with press release
distribution and other related advisory functions.
On May 25, 2026, the Company entered into the ECP Agreement for a six (6) month term, which can be
terminated with thirty (30) days’ written notice delivered to the other party, or at such other time and in
such manner as may be mutually agreed upon by the parties. Monthly payments of US$7,500 will be paid
at the end of each month, with the first month fee paid upon signing. All fees payable by the Company to
ECP, pursuant to the ECP Agreement, will be paid out of general working capital of the Company. The fees
are for services only and are not contingent on the results of the services, the market price of the Company’s
securities or the volume of trading in such securities.
ECP is headquartered in Washington, D.C., USA. The Company and ECP act at arm’s length, and ECP has
no present interest, directly or indirectly, in the Company or its securities, or any right or present intent to
acquire such an interest. There are no performance factors contained in the ECP Agre ement and ECP will
not receive common shares or stock options as compensation.
The ECP Agreement is subject to approval by the TSX Venture Exchange.
QUALIFIED PERSON
Mr. Brooke Clements, MSc, P.Geol., a Qualified Person as defined by National Instrument 43- 101 –
Standards of Disclosure for Mineral Projects and the President and CEO of North Shore, has reviewed and
approved of the scientific and technical disclosure in this press release.
ABOUT NORTH SHORE
The nuclear power industry is undergoing increased development to meet CO2 emission-reduction goals and
the needs of new power-intensive technologies like AI. In this environment, discoveries of uranium deposits
may be significant, especially in established uranium-producing jurisdictions like Saskatchewan and New
Mexico. North Shore is focused on advancing exploration for 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 Athabas ca 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.
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
- 3 -
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 statements. 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. These statements reflect management’s current
expectations based on information currently available and are subject to a number of risks and uncertainties
that may cause actual results to differ materially from those discussed in the forward- looking statements.
Forward-looking statements in this release include, but are not limited to: the expect ed timing of
commencement of the Company’s 2026 drill program at the Rio Puerco project; the planned scope of such
drill program; the Company’s objective of validating and further evaluating historical exploration data; the
initiation and results of work programs and their potential outcomes; the Company’s ability to acquire up
to an 87.5% interest in the Rio Puerco project and to create a joint venture with Resurrection Mining LLC;
the Company’s the Company’s exploration strategy to evaluate additional opportunities in the United States
and Canada; the actual results of current and planned exploration activities, including the whether
exploration activities result in the identification of mineralization of potential economic interest at Rio
Puerco and the Company’s Falcon and West Bear properties in Saskatchewan; the ability of the Company
to meet milestones and make bonus payments to Resurrection; the interpretation and meaning of completed
and future geophysical surveys, drilling results, and economic evaluations; the availability of sufficient
funding on terms acceptable to the Company and the timing and receipt of the required regulatory and
government approvals, including approval of the TSX Venture Exchange in respect of the ECP Agreement,;
and other statements that are not historical facts. Forward-looking statements are frequently characterized
by words such as “plan”, “expect”, “anticipate”, “intend”, “estimate”, “believe” and similar expressions,
as well as statements that certain events or conditions “may”, “could”, “would” or “will” occur. These
statements are subject to various risks and uncertainties that may cause actual results to differ materially
from those anticipated or implied, including, but not limited to: risks that the Company may not commence
or complete its planned drill program on the anticipated timeline; risks relating to contractor availability
and site conditions; risks that historical exploration data may not be indicative of future results; the
speculative nature of mineral exploration; the availability of financing on acceptable terms; delays in
obtaining governmental or regulatory approvals, including approval of the TSX Venture Exchange;
fluctuations in uranium prices; and other factors described in the Company’s public disclosure documents.
Additional risks not presently known to the Company may also cause actual results to differ materially from
those anticipated. 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, 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. All forward-looking statements
contained in this news release are expressly qualified by this cautionary statement.