Northern Superior Provides Notice of Annual General Meeting

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TORONTO, ON / ACCESSWIRE / October 20, 2023 / Northern Superior Resources Inc. ("Northern Superior" or the "Company") (TSXV:SUP)(OTCQX:NSUPF) advises that the 2023 Annual General Meeting of the Company's shareholders will be held on November 22, 2023, via telephone conference call (the "Meeting"). Advance notice of the Meeting was filed on SEDAR+ on September 21, 2023.

Meeting materials including a Notice, Management Information Circular and form of Proxy for the Meeting will be mailed on October 24, 2023, to the shareholders of record on October 16, 2023. Concurrently with the mailing, all Meeting materials will be filed on SEDAR+ (www.sedarplus.ca) and will also be posted on the Company's website (https://nsuperior.com/invest/).

The Meeting is being held inter alia for the following purposes: (i) to receive the audited consolidated financial statements of the Company for the fiscal year ended December 31, 2022 and the auditors' report thereon, (ii) to fix the number of directors to be elected for the ensuing year at seven (7) and to elect directors of the Company for the ensuing year, (iii) to re-appoint PricewaterhouseCoopers LLP as auditors for the Company for the ensuing year and authorize the Directors to fix the auditors' remuneration (iv) to consider and if deemed appropriate, to re-approve, with or without variation, the Company's 2022 Equity Incentive Plan, (v) to consider and if deemed appropriate, to approve an extension to the expiry date of 1,260,000 outstanding stock options held by certain directors and officers of the Company (the "Impacted Options"); and (vi) to transact such other business as may properly come before the Meeting or any adjournment.

The Impacted Options were granted to certain directors and officers with an exercise price of $0.55 per Impacted Option in replacement of previously granted stock options to acquire common shares of Royal Fox Gold Inc. ("Royal Fox") following the closing of the Company's acquisition of Royal Fox, and are set to expire on November 4, 2023, as per the terms of the arrangement agreement dated September 6, 2022 between Royal Fox and the Company (the "Arrangement Agreement") (a copy of the Arrangement Agreement can be found on SEDAR+ (www.sedarplus.ca) under the Company's profile). It is proposed to extend the term of the Impacted Options to June 10, 2026 (for 1,200,000 Impacted Options) and July 19, 2026 (for 60,000 Impacted Options), which would be in line with the maturity date of the Royal Fox options originally issued.