SEARLES PROPERTY

• • Northstar Gold signed an option agreement to acquire 100% interest of the Searles property, June 8th, 2021.
  • The 64-hectare Searles Property, located 18 km southeast of Kirkland Lake, is situated on the No. 1 Vein of the Miller Independence Mine, which straddles Northstar’s adjoining Miller Gold Property to the west.
  • Hosts the high-grade quartz-telluride No. 1 Vein, a continuous structure ranging in true width from 0.5m to 15m, spanning a 1 km northeast strike length and extending 750m down dip to the northwest.
  • The Property represents a portion of a historical resource estimate* (1987) of 0.73Mt grading 11.5 g/t Au** (for a total of 270,000 contained ounces of gold) on the No. 1 Vein of the Miller Independence Mine.
  • Historic diamond drilling (1987)* of the No. 1 intersections span a 330 metre strike length and include 96.0 g/t Au over 3m and 13.4 g/t Au over 2.3mat the west end, and 11.2 g/t Au over 2.4m at the east end.
  • In Q3 2021, Northstar will focus on validating the No.1 Vein historic results on the Searles Property by drilling a limited number of short, confirmatory twin holes and step-outs along the shallow, north-dipping high-grade gold-telluride mineralized structure.

For more details on the Searles Property, watch the latest.

*Ontario Ministry of Northern Development and Mines Assessment report # OM87-6-L-239: AFRI file 32D04SW0265 "Mining and Geological Report on the 1987 Nortek Exploration Program" by Gordon B. French, President of French & Associates Inc., Highway 112, Tarzwell, Ontario.

A Qualified Person has not done sufficient work to classify this historical estimate as a current mineral resource and the Company is not treating this historical estimate as a current mineral resource. The historical estimate cannot be fully verified. These values cannot and should not be relied upon and are only referred to herein as an indication of previously defined gold mineralization. In order to verify the estimate and to upgrade to NI 43-101 compliant categories, the historical area would need to be re-drilled with updated sampling procedures put in place.

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