Ottawa, Ontario - November 29, 2022 - Northern Shield Resources Inc. (“Northern Shield” or the “Company”) [TSX-V: NRN] is pleased to announce that it has closed the first tranche of a multi-faceted, non-brokered private placement financing of 9,110,770 common shares on a non-flow-through and flow-through basis for total proceeds of $530,700 (the “Offering”).