Northern Superior Enters Into a Definitive Agreement for the Acquisition of Strategic Properties in the Chibougamau Gold Camp

Published: 2025-07-14 07:40:51 ET SUP.V

Published on 07/14/2025 at 07:40

TORONTO - Northern Superior Resources Inc. ('Northern Superior' or the 'Company') (TSXV: SUP) (OTCQB: NSUPF) (GR: D9M1) is pleased to announce that, in furtherance to a binding term sheet that was announced on June 16, 2025, it has entered into an asset purchase agreement with TomaGold Corporation for the acquisition of the Hazeur, Monster Lake East, and Monster Lake West Properties (the 'Transaction').

Additional information regarding the Transaction and the properties is available in the initial announcement.

The Company anticipates the Transaction to close as early as next week.

About Northern Superior Resources Inc.

Northern Superior is a gold exploration company focused on the Chibougamau Camp in Quebec, Canada. The Company has consolidated the largest land package in the region, with total land holdings currently exceeding 62,000 hectares. The main properties include Philibert, Lac Surprise, Chevrier, and Croteau. Northern Superior also owns 56% of ONGold Resources Ltd. (TSXV:ONAU) (OTCQX:ONGRF) which is advancing promising exploration assets in Northern Ontario and Manitoba, including the district-scale TPK Project and Monument Bay. Agnico Eagle Mines Limited owns 15% of ONGold Resources Ltd.

The Philibert Project is located 9 km from IAMGOLD Corporation's Nelligan1 Gold project. Philibert hosts a maiden 43-101 inferred resource of 48.5 M tonnes at 1.10 g/t Au for 1,708,800 ounces Au and an indicated resource of 7.9 M tonnes at 1.10 g/t Au for 278,900 ounces Au.2 Northern Superior holds a majority stake of 75% in the Philibert Project, with the remaining 25% owned by SOQUEM, and retains an option to acquire the full 100% ownership of the project. Chevrier hosts an inferred mineral resource of 15.7 M tonnes at 1.29 g/t Au for 652,000 ounces Au (underground and open pit) and an indicated mineral resource of 6.4 M tonnes at 1.26 g/t Au for 260,000 ounces Au.3 Croteau hosts an inferred mineral resource of 11.6 M tonnes at 1.7 g/t Au for 640,000 ounces Au.4 Lac Surprise hosts the Falcon Zone Discovery, interpreted to be the western strike extension of IAMGOLD Corporation's Nelligan Gold project.

Northern Superior is a reporting issuer in British Columbia, Alberta, Ontario and Quebec, and trades on the TSX-V under the symbol SUP and the OTCQB Venture Market under the symbol NSUPF.

Contact:

Katrina Damouni

Tel: +44 7795 128583

Email: [email protected]

Cautionary Note Regarding Forward-Looking Information

This news release contains 'forward-looking information' within the meaning of the applicable Canadian securities legislation that is based on expectations, estimates, projections and interpretations as at the date of this news release. The information in this news release about the Transaction, the timing of the Transaction and any other information herein that is not a historical fact may be 'forward-looking information'. Any statement that involves discussions with respect to predictions, expectations, interpretations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as 'expects', or 'does not expect', 'is expected', 'interpreted', 'management's view', 'anticipates' or 'does not anticipate', 'plans', 'budget', 'scheduled', 'forecasts', 'estimates', 'believes' or 'intends' or variations of such words and phrases or stating that certain actions, events or results 'may' or 'could', 'would', 'might' or 'will' be taken to occur or be achieved) are not statements of historical fact and may be forward- looking information and are intended to identify forward-looking information. This forward-looking information is based on reasonable assumptions and estimates of management of Northern Superior, at the time it was made, involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies to be materially different from any future results, performance or achievements expressed or implied by such forward-looking information.