Northern Discovery Metals Inc. is pleased to announce that it has closed a non-brokered private placement offering of 4,900,000 units of the Company at a price of $0.25 per Unit for gross proceeds of $1,225,000.

Each unit consists of one common share and one Share purchase warrant, with each Warrant entitling the holder to acquire one Share at a price of $0.40 for a period of 36 months.

The Company intends to use the proceeds raised from the Offering for general working capital purposes. All securities issued in connection with the Offering are subject to a hold period expiring October 31, 2026. In connection with the closing of the Offering, an aggregate of $9,600 was paid in cash as finder’s fees, the Company also issued 38,400 non-transferable finder’s warrants. Each Finder’s Warrant entitles the holder to purchase one additional Share at a price of $0.40 for a period of 36 months.

The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities laws, and may not be offered or sold in the United States absent registration or available exemptions from such registration requirements. This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States, or in any jurisdiction in which such offer, solicitation or sale would be unlawful.