Northstar Gold Corp. announced results from the company's Phase IIB drilling exploration program on its 100%-owned Miller Gold Property, situated 18 km southwest of Kirkland Lake, Ontario. A total of 2,495m of drilling was completed in 14 holes on the Miller and Searles Properties between October 1 and November 27, 2021.

Assay results for the first 3 of 6 drill holes (MG21-63, MG21-64 and MG21-65) targeting the Bulk Tonnage Allied Syenite Gold Zone*, have been received and confirm a 180 metre northwest extension from previous drilling. All 3 drill holes produced widely distributed anomalous gold grades, including occurrences of visible gold and tellurides over significant widths within the Allied Syenite. The Bulk Tonnage Allied Syenite Gold Zone* has now been defined by drilling and surface sampling to encompass an area measuring 350 metres X 200 metres and remains open along strike to the northwest and southeast.

Previous drilling in the Allied Syenite intersected 6.6 g/t Au over 117.0 metres, 1.4 g/t Au over 118.5 metres, and 1.2 g/t Au over 107.3 metres. New discoveries of high-angle gold-copper zones at depth in holes MG21-64 (4.71 g/t Au, 0.51% Cu over 6.4 metres) within a segment of the Independence Fault Zone and MG21-65 (9.41 g/t Au, 1.03% Cu over 3.0 metres), adjacent to a sheared porphyry dike could represent structurally controlled sub- vertical feeder systems for gold-bearing hydrothermal fluids within the Allied Deformation Zone. Metallic screen results are pending for all holes.

Phase IIB Allied Gold Zone Drill Results for holes MG21-63, MG21-64 and MG21-65 are highlighted below: 0.91 g/t Au over 65.9m from 19m to 84.9m including 2.70 g/t Au, 0.1% Cu over 5.92m from 78.98m to 84.9m. 0.87 g/t Au over 81.5m from 76m to 157.5m including 4.71 g/t Au, 0.51% Cu over 6.4m from 151.1m to 157.5m. 0.90 g/t Au over 29.7m from 63.3m to 93m.

9.41 g/t Au, 1.03% Cu over 3.0m from 260m to 263m. Between October 1 and November 27, 2021, Northstar diamond drilled a total of 2,495 metres in 14 holes, with 6 holes testing Allied Syenite Gold Zone extensions, 2 holes testing the recently discovered E Zone and 6 holes designed to upgrade a historic resource estimate on the recently optioned, adjacent Searles Property. Assay results for 3 holes on the Allied Syenite are reported herein.

Assay results from the remaining drill holes are pending and will be reported when available. Phase IIB diamond drilling intersected visible gold, tellurides and chalcopyrite over appreciable widths in drill holes MG21-63 (0.91 g/t Au over 65.9m), MG21-64 (0.87 g/t Au over 81.5m) and MG21-65 (0.90 g/t Au over 29.7m) along a 180 metre northwestern extension of the near-surface Allied Syenite Bulk Tonnage Gold Zone. Observations from drill holes MG21-63 and MG21-64 suggest the recently discovered Independence Fault is a broad sub-vertical, brittle deformation zone featuring abundant chlorite-quartz breccias with chalcopyrite mineralization and multiple occurrences of visible gold and tellurides, including an intercept of 4.71 g/t Au, 0.51% Cu over 6.4m from 151.1m to 157.5m in DDH MG21-64.

Drill hole MG21-65, collared near the northeast contact of the Allied Syenite, intercepted syenite over 75 metres with multiple occurrences of gold and tellurides in quartz carbonate veins. Another new discovery of semi-massive pyrite with chalcopyrite was encountered over 3.6 metres (from 259.2 metres to 262.8 metres) in drill hole MG21-65 grading 9.41 g/t Au, 1.03% Cu over 3.0m between 260m to 263m within a larger halo of magnetite alteration, proximal to a feldspar porphyry dike contact. These new gold-copper discoveries may represent sub-vertical feeders tapping a large magmatic-hydrothermal reservoir of gold-bearing hydrothermal fluids at depth within the Allied Deformation Zone.

The host structures may possibly have significant strike lengths and constitute excellent exploration targets. Additional follow-up of these zones will be a priority in Phase III exploration as they remain open in all directions. Metallic screen results are pending for all holes.

Drill hole MG21-68 collared 35 metres southeast of drill hole MG21-64 intersected syenite, feldspar porphyry and multiple breccias with pyrite and chalcopyrite mineralization near the contact with the Allied Syenite, including the Independence Fault Zone at 89m depth. Drill hole MG21-69 collared an additional 80 metres northwest of hole MG21-65 encountered quartz veining and quartz-chlorite breccias with anomalous pyrite and some tellurides associated with a swarm of sub vertical syenite and feldspar porphyry dikes within the Allied Deformation Zone. Drill hole MG21-70 collared 35 metres southeast of hole MG21-47 (1.2 g/t Au over 107.3 metres from 4.7 metres to 112 metres) encountered anomalous pyrite mineralization between 45.5 metres and 124 metres depth with multiple quartz-chlorite breccias and occurrences of visible gold and tellurides.

This includes a 9-metre-wide intercept of the Vein 1 zone from 99 metres to 108 metres depth with 4% chalcopyrite in blebs and stringers within a broad quartz-chlorite breccia. Numerous sub vertical fault breccias and quartz veins with visible gold and/or tellurides were intersected in the footwall of Vein 1 to the end of the hole at 385 metres depth. While assays are pending for drill holes MG21-68, MG21-69 and MG21-70, initial drilling results from holes MG21-63, MG21-64 and MG21-65 indicate the presence of a significant near-surface bulk tonnage gold zone which remains open along strike and at depth.