Northstar Gold : Corporate Presentation - January 2023

Focused on Gold Exploration and

Development in Kirkland Lake

Corporate Presentation - January 2023

Forward Looking Statement

Statements in this corporate presentation contain forward looking information including expectations of future production and commodity prices, drilling and exploration plans, timing and amounts of capital expenditures and future expenditure levels. Readers are cautioned that assumptions used in the preparation of such information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Corporation. These risks include, but are not limited to: the risks associated with the mining industry, future exploration results, economic conditions in the countries and regions in which the Corporation conducts business, ability of the Corporation to implement its business strategy, ability of the Corporation to market its products, government regulations and the expenditures required to comply with them, commodity prices, interest and exchange rate changes, the outcome of current legal proceedings, and the availability of financing. Industry related risks include, but are not limited to: operational risks in exploration, development and production, delays or changes in plans, health and safety risks and the uncertainty of estimates and projections of costs and expenses. The reader is cautioned not to place undue reliance on any forward looking information. The Corporation undertakes no obligation to update or revise any forward looking statements except as required by applicable securities laws.

The information contained in this corporate presentation does not purport to be all inclusive or to contain all information that a prospective investor may require. Prospective investors are encouraged to conduct their own analyses and reviews of the Corporation and of the information contained in this corporate presentation. Without limitation, prospective investors should consider the advice of their financial, legal, accounting, tax and other advisors and such other factors that they consider appropriate in investigating and analyzing the Corporation.

Mr. Trevor Boyd, PhD, P.Geo. and Ms. Elisabeth Ronacher, PhD, P.Geo., Qualified Persons as defined by National Instrument 43-101, have verified the authenticity and validity of the technical data herein.

NORTHSTAR GOLD CORP | Investor Presentation

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Northstar Corporate Strategy and Recent Events

• A strategy to develop a +1 million ounce mineral resource at the 100%- owned Miller Gold Property, situated 18 km southeast of Kirkland Lake, ON.
• Northstar has spent >$4.4M in exploration at the Miller Gold Property since IPO in late 2019, resulting in the discovery and expansion of the near-surfaceAllied Gold Zone, with numerous 70 - 750 Au gram/metre drill hole intercepts.
• Recently completed SRK Target Study* reveals an upper exploration potential range exceeding 500,000 ounces gold averaging 2.04 g/t Au in Allied and Vein 1 Gold Zones. Excellent exploration potential upside.
• Positioning for 2023 Phase III Allied Gold Zone expansion drill program.
• Northstar closed $900k first tranche of $1.6M private placement - November 7, 2022.

*The above Exploration Target estimate highlights the exploration potential of the known gold zones on the Miller Gold Property. The quantity and grades are purely conceptual in nature. Insufficient exploration has been carried out to define a mineral resource on the property. A qualified person has not done sufficient work to classify this Exploration Target estimate as current mineral resources and the Company is not treating this Exploration Target estimate as current mineral resources.

NORTHSTAR GOLD CORP | Investor Presentation

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Miller Gold Property - Allied Gold Zone Kirkland-StyleHigh-GradeGold-Telluride Mineralization

ComponentMG21-56 - Phase IIA

Allied Bulk Tonnage Gold

Zone Expansion Drilling

Results

				6.6 g/t Au over 117m
Visible Gold and Gold Tellurides @ 69.7m			Gold Telluride Stringers @ 69.7m in Split Core
		from 14m to 131m
			m	including:

• 175 g/t Au over 0.6m from 14m to 14.6m

• 24.9 g/t Au over 1.5m from 43m to 44.5m

• 1,170 g/t Au over 0.5m from 69.5m to 70m

• 1.4 g/t Au over 12m from 119m to 131m

NORTHSTAR GOLD CORP | Investor Presentation

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Miller Gold Property - Phase IIB Bulk Tonnage Allied Syenite Gold Zone Expansion Drill Results

For Immediate Release

NORTHSTAR EXPANDS

ALLIED SYENITE GOLD ZONE

DRILLS 4.0 G/T AU OVER 50.6 METRES (INCL. 7.7 G/T AU OVER 24 METRES)

AT MILLER GOLD PROPERTY

Vancouver, B.C., March 15, 2022. Northstar Gold Corp. (CSE:NSG, NSGCF:OTCQB) ("Northstar" or the "Company"), is pleased to announce final results from the Company's Phase IIB drilling exploration program on its 100%-owned Miller Gold Property, situated 18 km southeast

of Kirkland Lake, Ontario.	m

The Phase IIB Miller Gold Property drill program was initiated on October 1, 2021 and completed on November 27th, 2021. A total of 2,495 metres was drilled in 14 holes, including 365 metres of drilling on the Searles Property in 6 holes (S21-01 to S21-06) and 315 metres of drilling in 2 holes on Area E (MG21-66 and MG21-67) - Figure 3. The remaining 1,815 metres of drilling was focused around the Allied Syenite (MG21-63, 64, 65, 68, 69, 70). Results from the first 3 of 6 Phase IIB holes drilled on the near-surface Allied Syenite Bulk Tonnage Zone (MG21-63, 64 and 65) were previously reported on January 13th, 2022. (See Northstar News Release dated January 13, 2022).

Phase IIB Allied Gold Zone Drill Results for hole MG21-70 are highlighted below:

MG21-70

• 4.0 g/t Au over 50.6 metres from 72.4m to 123m, including 7.73 g/t Au over 24 metres from 99 metres to 123 metres.
• 2.3 g/t Au over 8.0 meters from 175.5m to 183.5m, including 15.25 g/t Au over 0.8 metres from 179m to 179.8m within the Eastern Branch of the Independence Fault Zone.

NORTHSTAR GOLD CORP | Investor Presentation

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