Ottawa, Ontario - February 17, 2021 - Northern Shield Resources Inc. (“Northern Shield” or the “Company”) [TSX-V: NRN] announces that the Company intends to extend the exercise period of a total of 1,766,667 share purchase warrants, all of which are exercisable at $0.10 per common share (collectively, the "Warrants"). The Warrants were issued pursuant to a private placement which closed on March 4, 2019. The Company proposes to extend the expiry dates for these Warrants by one (1) additional year, and accordingly, the new expiry dates for the Warrants will be March 6, 2022.