Northgold AB announced the completion of its 2023 drill program, which included 2,274m of core drilling and nearly 1,000m of overburden drilling for base-of-till and top-of-rock geochemical sampling, across the Kopsa and Kiimala Trend projects in central Finland. As planned, the majority of the core drilling was focused on additional resource growth potential at Kopsa gold and copper project, and also followed-up on historic scout drilling intercepts at Kiimala Trend gold project's Alakyla and Paaneva prospects. About the completed 2023 core drilling program and other exploration work.

Core drilling started on 4 April 2023, concluded in May, with drill hole surveys concluding earlier this month. A total of 1,993 m was drilled at Kopsa across nine drill holes, and another 281m was drilled at Kiimala Trend across two holes - one at Alakyla (131.8m) and one at Paaneva (149.5m), for a total of 2,274.3m company-wide. Assays are pending on all 11 drill holes, as the core continues to be logged, sampled and shipped to the assay lab.

Results will be released over the remainder of this year, as they are received from the assay lab and processed. Core drilling at Kopsa in 2023 was aimed at further expanding the Kopsa deposit beyond its limits that are to be defined in the upcoming resource update, and the drilling also included one particularly deep drill hole (NGKOP23034) targeting the main mineralized zone at new depths extending beyond 200m vertical. Additional exploration work recently completed at Kopsa as part of the 2023 program to help systematically expand these mineralized footprints with future possible core drilling, also included: Induced Polarization ("IP") geophysical surveys, as wells as base-of-till & top-of- rock geochemical sampling, for which final results and assays are still pending.

Very early-stage exploration work including surface mapping and Ionic Leach ("IL") soil geochemistry sampling initiated this month, and will continue through August, across a number of areas at Kiimala Trend and the most-recently acquired Hirsikangas project, including at the Hanni target which represents a potential strike extension roughly 3km down-trend from the Hirsikangas gold deposit.