Northstar Gold Corp. Signs MOU with Hunan Nonferrous Ltd. to Develop Gold Resource on Miller Copper-Gold Property Page 1

Vancouver, British Columbia–(Newsfile Corp. – September 19, 2024) – Northstar Gold Corp. (CSE: NSG) (“Northstar” or the “Company”)Northstar, Inc. is pleased to announce the signing of a non-binding Memorandum of Understanding (“MOU”) with China-based Hunan Nonferrous Geological Exploration Institution Pvt. Ltd. (“Hunan Nonferrous”), a subsidiary of the Remote Sensing Geological Survey and Monitor Institute of Hunan Province (RSGSMI). The MOU provides Hunan Nonferrous with the opportunity to explore and develop a near-surface NI43-101 gold mineral resource on Northstar’s 100% owned Miller Copper-Gold Property (the “Property” or “Project”), located 18 kilometres southeast of Kirkland Lake, Ontario. This will be achieved through diamond drilling to 10,000 metres, allowing Hunan Nonferrous to acquire a negotiated interest in the resulting NI43-101 gold resource.

Early this month, Northstar granted Hunan Nonferrous access to the Company’s Miller Property gold exploration database via a confidentiality agreement (“CA”), for due diligence purposes. Hunan Nonferrous has since formally accepted a letter of invitation from Northstar and has assigned a team of specialists to mobilize to Canada to conduct due diligence inspections of Northstar’s New Liskeard and Earlton, Ontario offices, core shack facilities and the nearby Miller Copper Gold Property in early October, at its own expense. Immediately following these site visits, Northstar and Hunan Nonferrous will commence good faith negotiations to finalize the earn-in terms, scope and timeline of the project, with the goal of reaching a binding “Cooperation Agreement“for the development of the gold mineral resource on the Miller Copper-Gold Property.

“This is a milestone development for Northstar,” said Brian Fowler, Northstar President and CEO. “Hunan Nonferrous’ intentions are to acquire an interest in Northstar’s Miller Alkalic Intrusive Complex, a bulk-tonnage gold-telluride mineralizing system centered above the Allied Gold Zone at surface, by executing a substantial diamond drilling expansion program. This drilling will provide an initial estimate of the NI43-101 mineral resource, complementing SRK Canada’s 2022 Exploration Target Study, which defined a capstone of over 500,000 oz of gold at surface averaging 2.04 g/t gold in the Allied Gold Zone – see Northstar’s July 26, 2022 news release.”