Northstar Secures Second Private Placement Tranche, Concludes Cam Copper Zone 2 Infill Drilling

Northstar Gold Corp. Secures Over $900,000 in Private Placement, Advances Cam Copper Zone 2 Development

Northstar Gold Corp. (OTC: NSGCF) has successfully closed the second tranche of its non-brokered private placement, raising an additional $61,000. This brings the total capital raised from the offering to an impressive $916,700. The company is strategically deploying these funds to advance its innovative Cam Copper Zone 2 Surgical Mining™ pilot project, a key initiative poised to redefine resource extraction in the region.

The second tranche of the placement involved the issuance of 600,000 flow-through units at $0.06 per unit and 500,000 non-flow-through units at $0.05 per unit. Each unit is accompanied by warrants, providing Northstar with potential for future capital generation as these warrants are exercisable at $0.08 and $0.05, respectively, for a period of 24 months. In connection with the placement, finder fees totaling $2,160 and 36,000 finder warrants were issued. All securities issued are subject to a statutory four-month hold period, a standard regulatory measure to ensure market stability. Notably, insiders of Northstar Gold Corp. participated in both tranches of the offering, signaling strong internal confidence in the company’s strategic direction.

The core of Northstar’s current operational focus lies in the Cam Copper Zone 2, where the company recently completed a significant 7-hole infill diamond drill program spanning 1,194 meters. This program, conducted between December 12th and 22nd, 2025, was designed to precisely define the mineral resource within this promising zone. Assay results from this crucial drilling effort are anticipated in late January 2026, and are expected to provide valuable data for the ongoing development and resource estimation processes.

The capital raised through this private placement is earmarked for several critical development activities. This includes funding the Cam Copper Zone 2 Surgical Mining™ pilot, which leverages advanced technology and methodology in collaboration with Novamera Inc. The proceeds will also support metallurgical test work, the commissioning of a NI 43-101 compliant Technical Report and Mineral Resource Estimate, and the necessary permitting and detailed engineering required for the surgical mining program. Furthermore, funds will be allocated to mine planning, site preparation, mobilization, and general working capital.

Northstar’s strategic partnerships are pivotal to its ambitious plans. The company has secured a definitive Turnkey Surgical Mining Services Agreement with Novamera Inc., a collaboration that will drive the Cam Copper Zone 2 Surgical Mining™ pilot. Complementing this, Northstar has entered into a Master Project Agreement (MPA) with DIGITAL, Canada’s Global Innovation Cluster for digital technologies, alongside Novamera Inc. and Micon International Limited. This MPA signifies a commitment to integrating data-driven and digital solutions into the project’s development, potentially unlocking new efficiencies and insights.

The company’s flagship asset, the Miller Copper-Gold Property near Kirkland Lake, Ontario, is central to Northstar’s growth strategy. It hosts the near-surface Allied Gold Zone and high-grade Cam Copper VMS deposits. Northstar aims to establish a substantial mineral resource base, targeting over one million ounces of gold and high-grade copper, with the potential to support regional or stand-alone production operations. Beyond Miller, Northstar holds three additional wholly-owned exploration properties in northern Ontario, offering further diversification and exploration potential.

**Key Takeaways:**

* **Financing Success:** Northstar Gold Corp. raised a total of $916,700 through its private placement, providing essential capital for its development initiatives.
* **Strategic Focus:** Proceeds are primarily allocated to the Cam Copper Zone 2 Surgical Mining™ pilot, metallurgical studies, and resource definition.
* **Drilling Advances:** A 1,194-meter infill drill program at Cam Copper Zone 2 has been completed, with assay results expected in late January 2026.
* **Technological Integration:** The company is leveraging advanced digital solutions through partnerships to enhance project development.
* **Resource Potential:** Northstar is targeting a significant gold and copper resource base at its Miller Copper-Gold Property.

The company’s forward-looking statements indicate a proactive approach to development, with the successful completion of financing and drilling programs positioning Northstar Gold Corp. for a pivotal phase of its operational growth.