Northern Shield Receives $1M Proceeds from LabGold Subscription Receipt Financing

Northern Shield Resources Inc. has successfully received $1 million in proceeds from a LabGold subscription receipt financing while simultaneously executing a major land consolidation strategy in Newfoundland. The company expanded its land position from 32 km² to 420 km² through map staking, option agreements, and property purchases via definitive agreements signed February 18, 2026.

The expansion centers around Northern Shield's flagship Root & Cellar Gold-Silver-Tellurium-Copper Property located on the Burin Peninsula in southeastern Newfoundland. Recent exploration work has identified what appears to be a large diatreme/porphyry-hosted polymetallic system containing copper, gold, silver, tellurium, and molybdenum mineralization. This discovery provided the strategic rationale for the aggressive land acquisition program in the Avalon Zone of eastern Newfoundland.

The combination of fresh capital and expanded land holdings positions Northern Shield to advance exploration of what could be a significant porphyry system in an underexplored region of Canada. The presence of tellurium, a critical mineral used in solar panels and other green technologies, adds strategic value to the project beyond traditional precious and base metals. The 13-fold increase in land position suggests management's confidence in the geological potential of the broader district and their intention to control a large contiguous area around the core discovery.