Mr. Michael Leskovec reports

ONTARIO POWERS THE PATH FORWARD: NORTHFIELD AND JUNO WELCOME HISTORIC POWER INFRASTRUCTURE FOR THE RING OF FIRE

Northfield Capital Corp. and Juno Corp. have welcomed the Ontario government's announcement that it has declared the Greenstone transmission line a priority project and designated Hydro One to develop and construct the critical infrastructure. This milestone announcement represents the next transformational step in developing the electrical infrastructure necessary to power responsible, sustainable development of the first nation communities and Ontario's Ring of Fire mineral district.

"This announcement completes the trifecta of critical infrastructure required to unlock the Ring of Fire," said Robert D. Cudney, president and chief executive officer of Northfield and chief executive officer of Juno. "With both the Webequie supply road and Marten Falls community access road now advancing, and the Greenstone transmission line designated as a priority project, the essential infrastructure components -- roads and power -- are now moving forward in partnership with first nations communities. The province's goal of completing this project by 2032 demonstrates unprecedented momentum toward responsible development of one of the world's most significant critical mineral deposits."

The proposed 230-kilometre transmission line will run from Nipigon Bay to near Aroland First Nation, which the province has identified as the "gateway to the Ring of Fire." The single-circuit, 230-kilovolt line, designed to support a future second circuit, will add up to 700 megawatts of additional electrical capacity to Northern Ontario and is estimated to be completed by 2032. The project is anticipated to create more than 7,000 jobs, with the province and Hydro One committing to leverage Canadian and Ontario supply chains, with 93 per cent of project costs to date remaining in Canada.

A central feature of the project is Ontario's commitment to indigenous partnership through Hydro One's first nations equity partnership model, which will include first nations leadership in decision making and 50-per-cent ownership of the transmission line. The Aroland-Ontario shared prosperity agreement includes $70-million to advance work on the new line, representing a significant step forward in economic reconciliation and infrastructure development in Northern Ontario.

Juno, as the largest mineral claim holder in the Ring of Fire with over 5,796 square kilometres, holds extensive exploration properties that will directly benefit from the enhanced electrical infrastructure. Juno's recent exploration programs resulted in three major discoveries, including the Vespa critical minerals complex (titanium/vanadium/high-purity iron/scandium/gallium) and the Big Thunder gold district, which hosts the high-grade Pluto and North Edge gold discoveries.

Northfield holds a significant ownership position in Juno as part of its investment portfolio. The acceleration of Ring of Fire infrastructure development represents a positive catalyst for Northfield's investment thesis in the mineral-rich region.

"Northfield's investment in Juno has been premised on the strategic importance of Ring of Fire critical minerals and gold and the recognition that both road and electrical infrastructure are essential to unlocking these resources," added Mr. Cudney. "The transmission line represents a foundational investment that will enable economic mineral development for decades to come. Combined with the recent federal-provincial co-operation agreement establishing 'One Project, One Review, One Decision' framework, we are witnessing the transformation of the Ring of Fire from potential to reality. We commend the province and first nations leadership for their shared vision in advancing this critical infrastructure."

The Greenstone transmission line will provide the essential electrical infrastructure to power future mining operations in the Ring of Fire while also reducing first nations communities' reliance on diesel generation. The Independent Electricity System Operator has noted that electricity demand in Northern Ontario is projected to increase by 81 per cent by 2050 as development progresses, making this infrastructure investment essential for the region's future.

The Ring of Fire mineral district in Northern Ontario contains significant discoveries of critical minerals, including titanium, vanadium, chromite, nickel, copper, PGEs (platinum group elements) and gold. The province has indicated that development in the Ring of Fire has the potential to support more than 70,000 jobs across Ontario and generate approximately $22-billion in economic output over 30 years. The district is increasingly recognized as having national strategic importance to both the Canadian and U.S. economies, particularly for securing domestic sources of critical minerals essential to manufacturing, defence and clean energy applications.

About Juno Corp.

Juno is a private Ontario-based exploration company and the largest mineral claim holder in the Ring of Fire. With 5,796 square kilometres of mineral claims in the district, Juno is at the forefront of unlocking the region's gold and critical mineral potential through innovation, collaboration and responsible exploration. The company has signed agreements with three nearby first nations communities to foster economic participation and support for local cultural and commercial activities.

About Northfield Capital Corp.

Northfield is a publicly traded, leading Canadian investment firm with deep roots in resources, mining, aviation and premium alcoholic beverages. Founded in 1981 by Mr. Cudney, Northfield combines decades of experience with forward-thinking strategies to unlock opportunities across its diverse portfolio. Northfield is dedicated to fostering growth and innovation in businesses that drive economic prosperity in Canada.

Qualified person

Scott Zelligan, PGeo (PGO No. 2078), director of exploration for Juno, is considered a qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects, and has reviewed and approved the scientific and technical disclosure contained in this news release.

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