Mr. Brooke Clements reports

NORTH SHORE INCREASES NON-BROKERED PRIVATE PLACEMENT

North Shore Uranium Ltd. has increased its non-brokered private placement offering, previously announced on Dec. 11, 2025, to gross proceeds of up to $3,232,500, from the previously announced gross proceeds of up to $3-million, being an increase of $232,500.

The offering consists of units of the company at a price of 25 cents per unit. Each unit consists of one common share of the company and one-half of one share purchase warrant. Each warrant entitles the holder to purchase one common share of the company at a price of 40 cents per warrant share for a period of two years from closing of the offering.

The warrants will be subject to an accelerated expiry provision such that, if the volume-weighted average price of the company's common shares on the TSX Venture Exchange equals or exceeds 80 cents for 10 consecutive trading days, then the warrants will expire 30 days following the date on which the company either provides notice of acceleration to the holders of the warrants or issues a news release announcing the acceleration, in each case at the company's election.

The net proceeds of the offering will be used for exploration of the Rio Puerco uranium project in New Mexico, for continued exploration of the company's Saskatchewan uranium properties, for the costs of the offering and for general working capital.

The securities issued in connection with the offering will be subject to a four-month-and-one-day hold period under applicable securities laws. The offering is subject to certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX-V. Finders' fees may be payable in the offering.

About North Shore Uranium Ltd.

The nuclear power industry is in growth mode as more nuclear power will be required to meet the world's ambitious CO2 (carbon dioxide) emission reduction goals and the needs of new power-intensive technologies like AI (artificial intelligence). In this environment, new discoveries of economic uranium deposits will be very valuable, especially in established uranium-producing jurisdictions like Saskatchewan and New Mexico. North Shore is well positioned to become a major force in exploration for economic uranium deposits. The company is working to achieve this goal by exploring Rio Puerco in the Grants uranium district of New Mexico and its Falcon and West Bear properties at the eastern margin of the Athabasca basin in Saskatchewan. In addition, the company continues to evaluate quality opportunities in the United States and Canada to complement its portfolio of uranium properties.

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